Pet Food Processing MarketThe Pet Food Processing Market was valued at USD 4,300 million in 2020, expanding at a vigorous CAGR of 4% growing at a robust CAGR of 4.5% over the forecast period (2021-2028).The factors driving the growth of Pet Food Processing Market includes growing consciousness about nutritional benefits for dog and cat food, increasing technological innovation in pet food products and rising adoption rate of pets around the world. As per the report published by PetPedia, the Pet ownership in America has significantly increased by more than 300%, which is expected to increase the Pet Food Processing Market Size in the coming years. Moreover, the growing adoption of specialized and innovative machinery by the manufacturers for producing high-quality pet food products and the emerging trend of pet parenting, are some of the additional factors, supplementing the growth of Pet Food Processing Market. In addition, the growing demand for pet food products through e-commerce platforms, will further boost the market growth, according to Bloomberg, the E-commerce Market is expected to reach ,215.6 billion by 2027. However, the growth of Pet Food Processing Market is hindered due to high initial cost for acquiring advanced machineries.The prominent players operating in the market includes The Middleby Corporation, Baker Perkins, Clextral, Selo, Andritz, Buhler Holding AG, Biocatalysts, GEA Group Aktiengesellschaft, Fusion Tech Integrated, Inc. and Scansteel foodtech. Among others.Food – Segment AnalysisBased on the Food, dog segment is anticipated to grow at a faster CAGR over the forecast period. The increasing dog adoption rate around the world and emerging trend of Pet humanization, are some of the factors contributing to the growth of the segment.Form – Segment AnalysisBased on the Form, the dry foods segment is expected to expand at a remarkable CAGR during the forecast period because it helps in maintaining oral hygiene of pets.Regional – Segment Analysis:Based on the region, North America region is projected to expand at a significant CAGR over the forecast period. The increasing investments in research and development for producing superior pet food products, rising pet adoption rates, presence of leading market players and high disposable incomes, are some of the factors propelling the growth in North America.Market SegmentationGlobal Pet Food Processing Market by FoodFishCatDogOthersGlobal Pet Food Processing Market by FormDryWetGlobal Pet Food Processing Market by TypeCoatingCoolingFormingMixing & BlendingBaking & DryingOthersGlobal Pet Food Processing Market by RegionAsia PacificChinaJapanIndiaRest of APACNorth AmericaUnited States of AmericaCanadaEuropeUnited KingdomGermanyFranceSpainRest of EuropeRoWBrazilSouth AfricaSaudi ArabiaUAEAbout GMI ResearchGMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.Media ContactCompany Name: GMI RESEARCHContact Person: Sarah NashEmail: [email protected]: Europe – +353 1 442 8820; US – +1 860 881 2270Address: Dublin, IrelandWebsite: www.gmiresearch.com