Industry Analysis & Industry Trends
For those with pets, pet food becomes indispensable in maintaining an animal's well-being. This factor kept revenue for dry pet food producers from falling drastically over the past five years. Revenue declines were the result of consumers refraining from purchasing new pets, causing a decline in the number of dogs and cats as pets in the United States. Over the next five years, consumers are expected to return to purchasing pets and pet food. In addition, wholesale bypass will allow dry pet food producers to sell products at lower prices directly to consumers, boosting industry demand.... purchase to read more
Industry Report - Industry Analysis Chapter
The Dry Pet Food Production industry mainly concerns various types of dry dog and cat food manufacturing. Whole-grain corn and poultry products constitute major inputs for the industry’s ingredients. In turn, prices for these commodities help dictate industry product prices and profit margins. Although pet-owning consumers form the majority of end users, the industry’s major downstream markets consist of brick-and-mortar and online retailers and wholesalers that stock and supply pet food.
Over the past five years, the industry has performed well due to rising pet ownership and growing disposable income. Additionally, dry pet food, on average, is cheaper than wet pet food... purchase to read more