According to the research report titled ‘Global Pet Food Processing Market Size study, by Form (Dry and Wet), by Type (Mixing & Blending, Forming Equipment, Baking & Drying Equipment, Coating Equipment, Cooling Equipment and Others), by Application (Dog Food, Cat Food, Fish Food and Others) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global pet food processing market was valued at USD 4.85 billion in 2021 and is estimated to reach USD 6.83 billion by 2028, registering more than 5% CAGR during the forecast timeline.

Increasing awareness about healthy pet food among pet owners, growing investment in this business space, and rising acceptance of companion animals are some of the chief factors driving the growth of global pet food processing market.

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For those unaware, pet food processing is a branch of technology that deals with animal feed that is meant for consumption by pets. Pet food processing businesses, like regular food processing businesses, turn animal feed into food or a kind of food by employing a variety of technologies to preserve and make it palatable.

Apart from this, technological breakthroughs in pet food processing space and growing popularity of convenience food for pets will add traction to the overall market size. However, reduced capacities of equipment used in pet food processing is expected to obstruct the overall market growth over the projection period.

Based on the form type, the market is divided into wet and dry segments. Moving on to the type, the industry is fragmented into cooling equipment, coating equipment, baking & drying equipment, forming equipment, mixing & blending equipment, and others.

As per the application spectrum, the market is segmented into fish food, cat food, dog food, and others.

From the regional point of view, North America market is expected to generate lucrative returns during 2022-2028, owing to the rising pet adoption and increasing disposable income. Whereas Asia Pacific pet food processing market is projected to witness substantial growth over the forecast period, due to growing awareness about healthy pet food among pet owners.

F.N. Smith Corporation, Coperion Gmbh, Mepaco Group, Precision Food Innovations, Clextral S.A.S., Baker Perkins Ltd., GEA Group AG, The Middleby Corporation, The Bühler Holding AG, and Andritz AG are the leading players operating in global pet food processing market.