Getting petted: Revenue will revive as consumers return to purchasing pets and pet food

The Dry Pet Food Production industry has fared well over the past five years. Pet ownership and disposable income are forecast to rise over the five-year period. Growth of these key industry drivers has coincided with a growing tendency for consumers to treat their pets as members of the family, encouraging owners to not only spend more on dry pet food, but to increasingly purchase premium-priced specialty pet food products. Pet ownership is projected to continue to grow over the next five years, partly driven by rising disposable income, which will enable more consumers to afford owning and caring for pets...read more.

Industry Statistics & Market Size
Revenue
$15bn
Annual Growth 12-17
3.9%
Forecast Growth 17-22
Profit
Employment
11,303
Businesses
407
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Industry Threats & Opportunities

  • The indispensable nature of pet food has kept industry revenue from declining drastically
  • Rising demand for premium products allowed operators to pass along purchase costs to consumers
  • Organic and functional pet foods are expected to rise in popularity
  • Industry Report - Industry Investment Chapter

    The industry has a high level of capital intensity, with an estimated $0.50 spent on depreciable assets for every dollar spent on wages in 2017. This has risen from 2012, when industry operators spent $0.35 on depreciable assets for every dollar spent on labor. This trend has been driven by rising industry investment in automated production as a means of maximizing efficiency. As a result, the manufacturing processes have been increasingly performed by capital machinery and equipment, reducing operator demand for labor. Fur...purchase to read more.

    Additional Insights for the Dry Pet Food Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Dry Pet Food Production Industry are

  • Access to high quality inputs
  • Effective quality control
  • Production of premium goods/services
  • IBISWorld analysts also discuss how external factors such as Number of pets (cats and dogs) and Demand from grocery wholesaling in the Dry Pet Food Production industry impact industry performance..

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    What is the Dry Pet Food Production Industry?

    This industry manufactures dry dog and cat foods, which are generally grain and oilseed based.

    Industry Products
  • Dry dog food
  • Dry cat food
  • Specialty dry pet food
  • Industry Activities
  • Manufacturing dry cat food
  • Manufacturing dry dog food
  • Manufacturing other dry pet food
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of pets (cats and dogs)
  • Demand from grocery wholesaling
  • Demand from pet stores
  • Per capita disposable income
  • Agricultural price index

  • Current Performance
  • Demand and profitability persists
  • Decreasing global interdependence
  • Rising efficiencies
  • Chart: Revenue Growth

  • Industry Outlook
  • Pet food demand

    to rise

  • Shifting markets
  • Structural changes
  • International trade
  • Table: Dry Pet Food Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Dry Pet Food Production Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Grocery Wholesaling
  • Supermarkets & Grocery Stores
  • Pet Stores

  • Key Selling Industries
  • Flour Milling
  • Natural Gas Distribution
  • Vegetable Farming

  • Products & Services
  • Dry dog food
  • Specialty dry pet food
  • Dry cat food
  • Chart: Dry Pet Food Production Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Pet stores
  • Grocery wholesalers
  • Supermarkets and convenience stores
  • Online pet food retailers and online sales
  • Exports
  • Chart: Major Market Segmentation for the Dry Pet Food Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Dry Pet Food Production

  • Basis of Competition
  • Internal Competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Dry Pet Food Production Industry

  • Industry Globalization
    Nestle SAMars Inc.The JM Smucker CompanyColgate-Palmolive Company
  • Table: Nestle SA - financial performance
  • Table: Mars Inc. - financial performance
  • Table: The JM Smucker Company - financial performance
  • Table: Colgate-Palmolive Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Dry Pet Food Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Dry Pet Food Production Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Demand from pet stores (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Dry Pet Food
  • Food that contains about 10.0% water. It is the most commonly used form of mass produced pet food.
  • Extrusion
  • The process of shaping something by forcing it through a hole.
  • Kibble
  • Ground meal formed into pellets and used as pet food.
  • Why buy this report?

    IBISWorld’s Dry Pet Food Production Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Dry Pet Food Production industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Dry Pet Food Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Dry Pet Food Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Dry Pet Food Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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