Pet Food Manufacturing
Companies in this industry manufacture food for dogs and cats, using grains, oilseed products, and meat products. Major companies include divisions of Colgate-Palmolive (Hill's Pet Nutrition); General Mills (Blue Buffalo Pet Products); JM Smucker (Big Heart Pet Brands); Mars (Iams, Pedigree, and Royal Canin), and Nestlé Purina PetCare all based in the US; along with Affinity Petcare (Spain), Heristo (Germany), and Unicharm (Japan).
Global pet food industry revenue, which is at about $120 billion in 2023, is expected to reach about $153.3 billion by 2028, according to Mordor Intelligence. The US are among the top countries that dominate the pet food market in terms of revenue.
The US pet food manufacturing industry includes about 400 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $23 billion.
Competitive Landscape
Pet ownership drives demand. The profitability of individual companies depends heavily on effective marketing. Large companies have advantages of scale in manufacturing, marketing, and distribution. Small companies can compete effectively by offering specialized products or by serving a local market. The US pet food manufacturing industry is highly concentrated: the eight largest companies account for about 75% of sales.
Products, Operations & Technology
Major products include dry and semi moist dog food, which accounts for about 60% of industry revenue, followed by dry and semi moist cat food at more than
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Industry Forecast
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Industry Websites
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Glossary of Acronyms