PUBLISHER: Grand View Research | PRODUCT CODE: 1631556
PUBLISHER: Grand View Research | PRODUCT CODE: 1631556
The global pet food processing market size is estimated to reach USD 7.98 billion by 2030, registering to grow at a CAGR of 6.1% from 2025 to 2030 according to a new report by Grand View Research, Inc. Increasing demand for automation in pet food processing, coupled with the growing demand for processed food, is expected to drive the market growth over the forecast period. The increasing number of pets across the globe is anticipated to have a positive impact on the market growth. Furthermore, rising awareness pertaining to the advantages of premium pet food products is expected to bolster the demand for various innovative and efficient food processing equipment.
Increasing concerns regarding pet health have resulted in augmenting the demand for premium-quality food products, which, in turn, will support the overall market growth. Furthermore, rising penetration of high-quality commercial products has resulted in an increased the demand for innovative & specialized machinery, thereby driving the market. However, the depreciation of the processing equipment over the years is expected to hamper the growth over the forecast period.