Industry Analysis & Industry Trends
The Pet Food Production industry is dominated by brands like Purina and Cesar, which are produced by Nestle and Mars, respectively. The industry produces a staple product for individuals who have cats and dogs; however, wet pet food is more expensive and can be easily substituted for cheaper dry pet food. When disposable income is higher, consumers often spend more money on their pets and purchase more of this product. Major players compete on price, quality, ingredients and.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
IBISWorld analysis reveals this industry is mature. During the 10 years to 2019, industry value added, which measures an industry's contribution to the US economy, is projected to increase at an average annual rate of 1.9%. Over the same period, US GDP is forecast to grow at an average annual rate of 2.7%. Although the industry's importance to the overall economy is slightly declining over the ten-year period, which is typical of declining industries, other factors point to pet food production's ongoing maturity.
Downstream markets exhibit wholehearted acceptance of this industry's dog and cat foods... purchase to read more