The global pet food processing market size is projected to grow from USD 4.4 billion in 2019 to USD 6.2 billion by 2026, recording a compound annual growth rate (CAGR) of 5.0% during the forecast period. The increasing trend of pet food product premiumization and the rising acceptance of pets across regions are factors that are projected to drive the growth of the pet food processing market. Furthermore, acceptance of pets as family members among pet owners, increasing disposable income, and rising urbanization are factors that are also projected to drive the market growth.

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Key pet food processing players include Andritz Group (Austria), Buhler Holding AG (Switzerland), The Middleby Corporation (US), GEA Group (Germany), Baker Perkins Ltd. (UK), Clextral SAS (France), Precision Food Innovations (US), Mepaco Group (US), Coperion GMBH (Germany), F.N. Smith Corporation (US), Reading Bakery Systems (US), and Selo (Netherlands). Expansions and acquisitions were the dominant strategies adopted by major players. These strategies have helped them to expand their manufacturing facilities for pet food processing and further support the market growth.

Dog food is witnessing increased demand due to the increasing dog population across regions. The increasing trend of pet humanization has also encouraged dog owners to accept them as companions due to their friendliness, which is projected to drive the demand for premium dog food products, thus contributing to the growth of the overall market.

Pet food processors are shifting their focus toward extrusion-based manufacturing. The introduction of new extrusion technologies and its use in the pet food sector are factors that are projected to drive the demand for forming equipment in the market.

The Asia Pacific region is projected to be the fastest-growing market for pet food processing during the forecast period. The region witnesses a high demand for pet food products due to the increasing acceptance of pets. The rising concerns among pet owners regarding the health of pets have led to an increase in demand for high-quality pet food products that require specialized machinery. These factors are projected to create growth opportunities for equipment manufacturers in countries such as India, China, Japan, and Thailand.

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