Pet Food Baking and Drying Equipment Market Size (2024-2030)

The global pet food baking and drying equipment market was valued at USD 1.1 billion and is projected to reach a market size of USD 1.35 billion by the end of 2030. Over the forecast period of 2024–2030, the market is projected to grow at a CAGR of 3%. 

The term pet food baking and drying equipment refers to a variety of tools and machinery made especially for baking and drying procedures. This can include equipment like dryers and ovens to ensure consistency in the food. In the past, this market had a limited presence because of lesser pet adoption and evolution. Presently, with various technological advancements and increased awareness, this market has seen a good boost. In the future, with a growing focus on innovations, customization, and health-centric solutions, this market will see considerable growth.

Key Market Insights:

More than 44% of homes have a cat, increasing the demand for pet processing equipment.

In 2023, the pet food industry will generate US$143.60 billion in revenue. The market is anticipated to expand at 5.32% each year (CAGR 2023–2028).

With more than 60% of Australian homes having a pet, Australia has one of the highest rates of pet ownership in the world.

In the upcoming year, 85% of pet food production plants plan to increase their expenditure on maintenance and conveying equipment.

There has been a drop in IoT sensors inside recently manufactured pet food baking and drying equipment of between 5 and 8% due to high costs. To tackle this, companies have been working towards adopting strategies to ensure affordability.

Pet Food Baking and Drying Equipment Market Drivers:

An increasing pet adoption rate has been fueling the expansion.

Over the years, there have been numerous changes in the standard of living. Urbanization is the primary reason for this. With a rising middle class and an increasing disposable income, people can afford luxurious lifestyles. Additionally, dual income has become the new norm. Pets have become common in many households. Besides, having pets is scientifically proven to reduce stress, anxiety, and depression. As such, people are willing to spend money on high-quality food to ensure that their pets live a good life. Pet owners have been seeking out advanced choices that are nutritious and delicious. Furthermore, there have been a lot of pet rescue NGOs and other organizations that fundraise to purchase the required necessities. A greater number of volunteers have been participating in these activities, creating an upsurge in the market.

Technological advancements have been responsible for the progress.

 Researchers and manufacturers have been making many investments in this sector to create new inventions. Developments are continuously being made to enhance equipment efficiency, automation, and sustainability. A few features, like real-time inline sampling, make it possible to optimize and allocate time for drying changes. Secondly, electrohydrodynamic drying involves passing electricity between two electrodes on opposite sides of the food to be dried, creating an airflow known as ionic wind. As a result, food dries more quickly from the ionic wind than from traditional convection drying. Thirdly, heat from the microwave and drying in the oven lowers the water activity below the threshold. The equipment combination occupies less space, which results in a smaller facility footprint and lower building expenses. Consumers are showing an interest in purchasing such advanced technologies, thereby creating an elevation.

Pet Food Baking and Drying Equipment Market Restraints and Challenges:

High investments and environmental concerns are the main issues that the market is currently facing.

Advanced equipment is often associated with higher costs. Initial investments can be pretty high, causing hindrances for smaller companies in their manufacturing. Additionally, maintenance charges can be applicable, making the consumer turn to other options. Secondly, pet production processes consume significant amounts of energy and can generate waste. Additionally, finding suitable eco-friendly materials that have minimal impact on the environment can be an obstacle.

Pet Food Baking and Drying Equipment Market Opportunities:

Emerging fields like the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) can provide many possibilities for the market. These technologies can enhance performance, leading to better quality control. Additionally, data analytics can reduce energy consumption and predict maintenance needs. Secondly, personalization of the equipment has been advantageous. By tailoring the products as per the needs of the customer, a broader consumer base is achieved. Furthermore, organizations in the industry have been concentrating on market expansion by focusing on global operations. This can increase sales and thereby create more revenue for the industry. Apart from this, sustainability is being prioritized. This includes using materials that minimize energy consumption and reduce operational costs. Recyclable materials are being emphasized to reduce landfills and waste generation.

PET FOOD BAKING AND DRYING EQUIPMENT MARKET REPORT COVERAGE:

Pet Food Baking and Drying Equipment Market Segmentation:

Pet Food Baking and Drying Equipment Market Segmentation: By Form:

• Dry
• Wet

Based on form, the dry category is the largest, with a total share exceeding 70% in 2023. There have been many research studies that have indicated that dry food is better for the dental health of pets because its texture encourages the animals to chew, which can reduce plaque and clean the teeth. Secondly, this is cheap, causing more customers to buy it. Thirdly, various formulations are available as per size and species. Additionally, customization has been facilitating easier growth. Moreover, storing this food is convenient. They can be stored for longer periods without any spoilage. Furthermore, this is a preferred option as it is less messy, eliminating the need to clean up the household and other spaces. Hence, a greater number of drying and baking equipment are employed for dry foods. However, the wet segment is the fastest-growing category. Dogs tend to find wet food more pleasant and satisfying, and it's healthier for them to stay hydrated, avoiding urinary and dehydration problems. In addition, wet food has higher levels of fat, salt, phosphorus, and protein than dry food. This nutritional profile makes this category an attractive alternative. Furthermore, chewing is easier for smaller and older pets that might not have enough teeth or issues like misaligned jaws, smaller mouths, and other various diseases.

Pet Food Baking and Drying Equipment Market Segmentation: By Animal Type:

• Dogs
• Cats
• Fish
• Others

Based on animal type, the dog category is the largest. This is mainly because a larger percentage of the population tends to choose this animal as their pet. Dogs are active, lively, and joyful. They act as a stress buster. This encourages many individuals to own them as pets. Additionally, they protect households from robberies. Besides, there are various breeds to choose from. As such, there are many foods available on the market that require more processing equipment for their production processes. Cats are the fastest-growing animal category. These pets are also very popular. Moreover, they require less maintenance and attention when compared to other animals. This can be a desirable trait for many houses. Furthermore, they have a limited height, due to which many of them prefer this animal owing to space. Apart from this, they are less noisy. All these advantages have increased cat adoption, thereby increasing their food and, consequently, the equipment required.

Pet Food Baking and Drying Equipment Market Segmentation: Regional Analysis:

• North America
• Asia-Pacific
• Europe
• South America
• Middle East and Africa

Based on region, North America is the largest, with a rough share of 35% in 2023. The United States and Canada are at the forefront. The success of this area is mainly because of the economy. This makes it easier to afford the latest technology, infrastructure, and other essential resources. Besides, many key companies are present in this region. These companies operate worldwide, increasing their availability and accessibility. Prominent companies include Reading Bakery Systems, Heat and Control, The Middleby Corporation, Baker Perkins, and Wenger Manufacturing. They offer a lot of innovations in equipment that appeal to many customers. Furthermore, this region's prominence in sustainability has been helping to attract more investors, increasing demand. Asia-Pacific is the fastest-growing region, with countries like China, Japan, South Korea, and Australia at the top. This area holds a rough share of 21%. This is due to rising pet ownership. Changes in the standard of the economy have been facilitating ease in buying luxurious and premium products. As such, more innovative pet foods are being commercialized in the markets, increasing the need to use different processing equipment. Higher funds are being allocated by various multinational companies and NGOs, raising profits for the market. Apart from this, the trend for organic food has been supporting the industry because all specialized equipment is required for the same.

COVID-19 Impact Analysis on the Global Pet Food Baking and Drying Equipment Market:

The outbreak of the virus had a mixed impact on the market. The new normal included mobility limitations, lockdowns, and social isolation. As a result, companies and manufacturing units were temporarily forced to close. In addition, there were several interruptions to logistics, transportation, and the supply chain. The import-export market was impacted by this. A decline in the economy was seen.  Financial constraints and uncertainties caused a lot of individuals to lose their employment. Sales suffered as a result. Moreover, all launches, investments, and collaborations were delayed or postponed because the majority of the money was directed toward healthcare applications. Besides, many people were hesitant about adopting pets during the pandemic because of the virus contamination. Furthermore, ensuring the well-being of the animal was a difficult task since going out was restricted. However, another set of people who already had pets started to stock pet foods in enormous amounts through online retail. Besides, many individuals suffer from anxiety and other mental health issues, creating an increase in pet adoption. Streetside animals like dogs and cats were fed by various organizations and the public, increasing the need for various pet food processing equipment. According to a report by the Pet Food Industry, pet food and treats saw an elevation of 15% during this period. Post-pandemic, the market has continued to grow due to e-commerce, which has been facilitating a wide range of audiences. Additionally, the relaxation of guidelines and the upliftment of rules have been promoting normal routines.  

Latest Trends/ Developments:

Businesses in this sector are driven to grow their market share using a variety of tactics, including investments, joint ventures, and acquisitions. To maintain competitive pricing, businesses are also investing a significant amount of money in enhancing their current channels. This has led to even greater growth.

Producers of equipment are including features that make cleaning and maintenance simple, therefore lowering the possibility of cross-contamination or contamination during production. Smooth surfaces, rounded corners, and easily accessible sections are being incorporated into equipment design to make cleaning processes easier and stop food particles and germs from building up.

Key Players:

1. Baker Perkins
2. Bühler Group
3. Andritz AG
4. Clextral
5. Wenger Manufacturing
6. GEA Group
7. The Middleby Corporation
8. Mepaco (Apache Stainless Equipment Corporation)
9. FAMSUN (Muyang Holdings)
10. Kahl Group

In March 2022, to develop its wet pet food production in Querétaro, Mexico, Mars Petcare stated that it would invest $100 million over the next three years. The development, which is anticipated to quadruple the company's present capacity, is a component of its innovation roadmap. With the investment, the business will triple the plant's yearly capacity for wet pet food to 70,000 metric tons, or 55 million packets annually. The plant can now produce 35,000 metric tons of goods per year in total.

In February 2022, Normandise Pet Food, a French pet food manufacturer, announced its plan to introduce four new packaging lines that year and increase export sales to new international markets as part of its investment to grow its company and capacity.

In January 2022, Carnivore Meat Company®, a pioneer in the frozen and freeze-dried raw pet food business and the creator of well-known raw pet food brands, acquired Green Bay, Wisconsin. The new structure will house twelve specially designed freeze-dryers in addition to 24,000 square feet of completed product storage. By July 2022, the company's manufacturing facilities planned to have 35 total freeze-dryers to match the surge in customer demand. These extra freeze-dryers aim to raise production capacity by 50%.