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...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

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 Key Buyers Chapter

    The Dry Pet Food Production industry has a moderate level of concentration, with the four largest industry operators estimated to account for 51.6% of total industry revenue in 2017. The industry has experienced some concentration over the past five years as major companies attempt to expand their market share through acquisitions. Examples include Nestle's purchase of Merrick Pet Care, Mars' acquisition of the majority of Proctor and Gamble's pet food business and Smucker's acquisition of Big Heart Pet Brands. Industry consolidation is expected to continue in the future through sustained merger and acquisition activity, primarily driven by industry leaders like Nestle and Mars. At ...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's in this report

    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 SA, Mars Inc., The JM Smucker Company, Colgate-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
  • 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.
  • What Our Customers Say

    Why buy this report?

    The Dry Pet Food Production Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    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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