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 that 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 nutrients.... purchase to read more
Industry Report - Industry Analysis Chapter
The Pet Food Production industry includes manufacturers dog and cat food. 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 foods, respectively.
Trends in pet ownership have favorably affected the industry since 2010. With increased ownership of dogs and cats among US consumers, revenue is expected to grow at an annualized rate of 1.9% over the five years to 2015... purchase to read more