The global pet food processing market is projected to grow to 6.2 billion US dollars by the year 2026. The trend to adopt pets, such as cats and dogs, from shelters and the increasing desire to rescue animals has seen this industry rise year on year. On top of that, more and more families are enjoying the luxury of increasing disposable incomes and are using this to take pets under their wings. Awareness of custodianship is also a contributing factor, with people wanting to do their bit to help animals.
Canned and moist food set to be particularly popular
Wet pet food has a higher moisture content, and it contains essential proteins. With cat and dog owners becoming more aware of the need to feed their pets nutritious, good-quality food, this is one reason for the positive forecast. Wet pet food helps to build muscles and raise energy in animals, and this contributes to their growth and wellbeing.
China, Japan, Thailand and India are predicted to see a rise in pet food purchases and secure their position as one of the fastest-growing markets until 2026. A rise in people flocking to the cities and becoming pet owners is attributed to the projected increase. The demand for food in this Asia Pacific region is also set to enable growth in the pet food processing manufacturing market.
Owners opt for nutritious food
Families, too, are opting for nutritious pet food that uses fresh ingredients. This has led to an increase in demand for specialist equipment. A vacuum conveyor is used in many industries and involves moving bulk materials by suction, such as powders, to different places within a factory setting. Companies such as https://www.aptech.uk.com/pneumatic-conveying-systems/vacuum-conveying/ can provide efficient solutions for the conveying process.
According to Imperial College London, a health tracking sensor could assist owners in monitoring their pets’ overall health.
The pet food ingredients market had a value of 58.6 billion US dollars in 2017, rising at a compound annual growth rate of 3.9 per cent during the period from 2018 to 2025. It looks set to continue at this pace for the foreseeable future. Global sales of pet food sat at around 75 billion US dollars around the world in the year 2017. This figure is expected to rise around 12 per cent each year.