Premium Pet Food Production in the US - Industry Market Research Report

Premium Pet Food Production in the US - Industry Market Research Report

Premium Pet Food Production in the US

Premium pet food production is enjoying revenue growth driven by the quantity of pets, namely cats and dogs, in the United States, which boomed through the COVID-19 pandemic as consumers were shut in at home. Consumer preference has continued to move to premium pet food because of the growing availability of information on pet nutrition information and the humanization of pets, expanding demand. International trade boomed as large companies with globalized operations sought to most efficiently capture this growing demand, but smaller domestic producers were challenged by rising competition as import growth outpaced export growth. Industry-wide revenue has been growing at a CAGR of 2.8% over the past five years and is expected to total $13.6 billion in 2023, when revenue will climb by an estimated 3.2%.

Operators in the Premium Pet Food Production industry primarily includes businesses that produce premium pet food for cats and dogs. Products in this industry are differentiated by their higher margin nature, compared with traditional cat and dog food brands.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.