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(Other Current Assets * 100) / Total Assets. U.S. Pet Food Industry - Statistics & Facts | Statista Processors are learning how to navigate an increasingly complex market and safely produce products while top brands are continuing to innovate and steer their products into sales success. U.S. Department of Agriculture (USDA), which regulates meat quality and determines which animals can be used in human and pet food. Whether you have a miniature or standard Dachshund, this exclusive breed-specific diet is uniquely formulated for your Dachshund puppy, with the specific nutrients to help them thrive. This includes inputs such as seed, fertilizer, fuel, machinery and labor. Top Pet Food Companies | Petfood Industry If FDA agrees with the information in the petition, the agency approves the food additive for its intended use. Beyond the safety and quality measures taken by pet food makers, pet food is one of the most highly regulated pet food products in the U.S. Pet food safety starts with reliable suppliers. Refrigerated and frozen dog food grew 29.0% and refrigerated and frozen cat food grew 14.5%. This ratio is relevant for all industries. Historical data and analysis for the key drivers of this industry, A five-year forecast of the market and noted trends, Detailed research and segmentation for the main products and markets, An assessment of the competitive landscape and market shares for major companies. Prairie Dog Pet Products is set to invest $18 million in 2021 to help expand its manufacturing facilities in Abilene, Texas, and Montrose, Colo. FDA uses the above definitions of food and drug in the FD&C Act to determine if a product marketed as a food product is indeed food or if its a drug instead. In addition, farm suppliers bought $4.1 billion in materials and services, which they then provided for farmers. This is often referred to as the kill step the point in the manufacturing process that eliminates potentially deadly pathogens. Pet food producer prices stabilize, retail prices still up A comparison of this ratio may indicate the extent of a companys control over credit and collections. The GRAS standard is actually harder to meet than the standard required for a food additive approval. Some ingredients, such as meat meals, vitamin mixes, and grains, are blended and ground to a desired size that allows for proper cooking with steam and heat. One of the larger deals is ADMs plan to acquire a $600 million private label pet treat fleet. Wet pet foods seem to be on a roll. However, the FD&C Act still requires that food for animals, like food for people, be: Canned pet food must also comply with the regulations for low-acid canned food. Orijen Dog Food Review 2023: Recalls, Pros & Cons, The latest veterinarians' answers to questions from our database. But adding this substance to food to bind fungal toxins and prevent the food from being absorbed by the digestive tract is not GRAS. This figure expresses the average number of days that receivables are outstanding. NAICS CODES:3111 Showing 1-50 of 178 LOCATION SALES REVENUE ($M) Maple Leaf Foods Inc Country: Mississauga, OntarioCanada Sales Revenue ($M): $3,528M Nestle Canada Inc Country: North York, OntarioCanada Sales Revenue ($M): $1,705.85M Maple Lodge Farms Ltd Country: The basic food and drug law in the U.S. is the Federal Food, Drug, and Cosmetic Act (FD&C Act). State of the US pet food and treat industry, 2021 This pressure to reduce packaging waste and, in general, to offer environmentally sustainable products is not unique to the pet industry. Shop for all of your pet needs at Chewy's online pet store. Consumers seem willing to feed their pets lab-cultured meats, yeast-derived protein as well as insect protein. U.S. pet food and treat makers work closely with their ingredient suppliers. processing facility construction and expansions, Blurring the lines between people food, pet food, CRBs Horizons report shows pet food industry potential, Functional formulations steal the show at Global Pet Expo 2021, Expansion plans: New pet food and treat facility announcements year-to-date, Pet owner interest in functional formulas here to stay, with digestive health topping the list, Petco, Lowes expand store-in-store concept, Worlds first bio-organic food for dogs launches in United States, Hills Pet Nutrition tackles sustainability with new formulas, Pet nutrition sales drive a flurry of M&As. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. As pets were promoted from an important member of the family to co-worker and constant companion, wet food and treats are increasingly part of the pet diet mix as either stand-alone complete-and-balanced meals, meal toppers, mix-ins, pour-overs, lickable treats, mousse textured supplements or frozen treats. Producer Members - Pet Food Institute Greenies is the top selling dog treat and Temptations is the top selling cat treat. According to APPAs pet ownership report, 43% of dog owners and 41% of cat owners buy premium pet foods. The majority of these companies have headquarters in Japan, with others in Thailand, Australia and South Korea. The research found the exchange of pet food ingredients led to the purchase of an additional $5.3 billion of materials and services for farmers and farm suppliers. While a stronger ratio shows that the numbers for current assets exceed those for current liabilities, the composition and quality of current assets are critical factors in the analysis of an individual firms liquidity. IBISWorld provides research covering hundreds of similar industries, including: Copyright 1999-2023 Spectrum Brands/United Pet Group is a much bigger player on the international pet food scene, but it makes its fair share of coin from the domestic market as well. Hills Pet Nutrition takes a different tack than many of the other companies on this list. Depending on your product specifications and desired quality, we can source and deliver proteins any time of year from over 40 countries and regions around the world. Featured Image Credit: dmytro Zinkevych, Shutterstock, Dog Tail Meanings: Understanding The Different Positions, My Dog Ate Chocolate: What You Need to Do (Vet Answer), 9 Natural Home Remedies for Dog Skin Allergies & Itching (Expert Tips), 25 Hilariously Relatable German Shepherd Memes (With Pictures), 8 Best Foods for a German Shepherd to Gain Weight 2023 Reviews & Top Picks. Even after suppliers are approved, incoming ingredients are scrutinized according to company specifications. Royal Canin Dachshund dry puppy food is tailor-made nutrition created just for your pure breed Dachshund puppy. Sanitization of the equipment before the manufacturing of a different product begins. According to Euromonitor International, global pet food sales totaled $93.9 billion in 2019, an increase of 6.5% over 2018. Simmons makes wet and dry food in addition to treats, so if youre looking to get into the (obviously lucrative) pet food game, calling them up seems like a good first step. Its clear that its aim is to be a part of your pets life from birth to death and to get paid for it every step of the way. This isnt surprising based on the difference in the typical unit size for cat products versus dog products. Security of facility perimeter, internal area, equipment and ingredients. In the pet food industry, sustainability drives innovation in ingredients, packaging and manufacturing practices. One of the youngest brands on this list, Blue Buffalo has wasted no time climbing the pet food ranks. The . Encompass is our global fishmeal business with completely customized marine protein solutions. Free hot dogs at Love's Travel Stops. Nestl makes over $13 billion per year from its animal foods, and these two companies are far and away the two biggest in the U.S. market. Shes the proud mom of Baby, a Burmese, and works every day so he can relax in the sunshine or by the fire. Animal Food Manufacturing Companies in Ontario, Canada Verification that proper temperature, pressure and pH are maintained; Environmental testing in the facility for the presence of bacteria; Verification of correct equipment set-up and function; Verification that the correct product size, shape, color, protein, fat and moisture level are being produced; and. Chicago-based market research firm IRI reports wet dog food and wet cat food sales grew 7.7% and 7.2% respectively over the last 52 weeks ending Aug. 9 compared to the previous 52 weeks in the US Multi-Outlet channel, which includes grocery, drug, mass market, military, select clubs and dollar retailers. Thanks in part to the US-China Phase One trade agreement in early 2020, pet food exports totaled $1.7 billion in 2020 which was an increase of 5.6% over 2019, according to US Census Bureau figures. Stay top dog. As stated above, the FD&C Act defines the term drug to include articles intended for use in thetreatment, or prevention of disease in man or other animals. However, most complete pet food diets intended to treat or prevent a disease arent approved animal drugs, and without such approval, FDA considers them to be unapproved animal drugs. The top performing pet food categories in terms of growth for Amazon so far in 2020 include wet dog food and wet cat food, each with an increased growth of more than 60%. Section 21 of the Code of Federal Regulations, Part 571, Food Additive Petitions this part describes the information required in an animal food additive petition. Solid Gold Pet is a Missouri-based company that takes its cues from pet food companies in Europe. Design, CMS, Hosting & Web Development :: Read our State of the Industry report from 2019. By Jordan Tyler. Despite only being on the scene since 2002, Natures Variety has enjoyed quite a bit of success, to the tune of $127 million per year in revenue, in fact. Ingredients can arrive to the pet food facility in different ways. Despite new product introductions slowing, the push for pet owners to feed a wider variety of product formats often referred to as rotational feeding helps support the sales growth seen in formats other than dry kibble. This percentage represents the obligations of an enterprise arising from past transactions or events, the settlements of which may result in the transfer of assets, provision of services or other yielding of economic benefits in the future. * The world's top 10 pet food companies These ground ingredients are mixed with meat, and liquids (water, steam and fat) are added during the cooking process to ensure the product reaches an appropriate temperature to fully eliminate bacteria and pathogens. Nicole is a lover of animals of all sizes but is especially fascinated with the feline variety. It uses high-quality meats, including organ meats that arent often used in other foods, as well as premium grains (although it has many grain-free options available as well). Read it and other articles from this issue in the Resource Guide digital edition. Looking at packaging, the Pet Sustainability Coalition (PSC) estimates that 99% of pet food packages in the United States wind up in landfills rather than recycling streams. All table data provided by Chicago-based market research firm IRI. This figure represents the sum of two separate line items, which are added together and checked against a companys total assets. Today, Solid Gold Pet makes $50 million per year, largely from its Solid Gold line. Pet Food Production in the US industry statistics Biggest companies in the Pet Food Production industry in the US Mars Petcare Inc. Mars Petcare has been named the world's leading pet food company since 2014. Growth of specialty formats, although a smaller segment of the market, are outpacing the growth of wet pet foods. United States Pet Food Market Size & Share Analysis - Mordor Intelligence What is not increasing year over year is pet food product launches. The new facility will serve as an adjunct space to the company's 220,000-square-foot Harvard, Ill., facility, and will double production capacity specifically for liquid food toppers, officials said. Read it and other articles from this issue in thedigital editionof ourlatest Resource Guide. All told, Champion Petfoods makes in the neighborhood of $220 million every year. A look at 2019 full year results reveals a picture of the US pet food and treat market, individual segment performance and the brands that dominate. As mentioned in the section above, substances added to food that are generally recognized as safe (GRAS) by qualified experts arent food additives and dont need to be reviewed and approved by FDA before being marketed. FDA isnt authorized to review dietary supplement products for people for safety and effectiveness before they are marketed. Petdine, LLC. The pet food maker is pursuing an investment program worth 14 million (US$15.5 million) to raise its production capacities and strengthen its foothold in numerous foreign markets. In most cases, the FD&C Act requires thatan animal drug be approved by FDA before a company can legally sell the drug. talk to a vet online for advice >. Much of its revenue comes from providing feed for livestock, but it also makes pet food and accessories, including the Worlds Best Cat Litter. There must be information to prove that the substance has been commonly used in food for animals since before 1958, with a lengthy and known history of a significant number of animals consuming the food; or. Pet Food Processing covered more than 50 new product launches from January to June 2023, spanning complete-and-balanced diets and toppers to treats and supplements, all designed with pet health and wellness at the forefront. While pet food makers and their suppliers have always been required to market safe products under the Federal Food, Drug and Cosmetic Act (FFDCA) of 1938, the Food Safety Modernization Act (FSMA) signed into law in 2011 brought about the most comprehensive changes to U.S. food safety regulation in more than 70 years. The pet food and treat industry has proudly contributed to the overall sustainability of the human food supply chain since pets became pets. With this IBISWorld Industry Research Report on , you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions. Approximate 2007 sales for pet food is $3 billion. 7 Neurological Issues in Dogs & Common Signs to Keep in Mind, Answered by Dr. Chantal Villeneuve, MS BVetMed (Vet). This percentage represents the total of cash and other resources that are expected to be realized in cash, or sold or consumed within one year or the normal operating cycle of the business, whichever is longer. Data in a companys annual report do not meet this standard. The FD&C Act defines the term "food" as "articles used for food or drink for man or other animals.and articles used for components of any such article." Courts have interpreted this to mean. This growing interest is leading to a broadening of the pet food formats pets are fed. When ingredients arrive at the pet food or treat manufacturing facility, procedures in place during unloading help to ensure that material meets the companys quality and safety specifications. It also offers a variety of lawn-care products such as grass seeds and fertilizers. The company has its headquarters located in Sinking Spring, PA, and has been in business since 1871. Emerge is an exclusive product that supports sustainable aquaculture practices and clean pet food formulations. As a general rule, pets are considered "family" in the United States. In April 2016, FDA finalized a Compliance Policy Guide that outlines the agencys current thinking about such products. You probably wont have to think hard to identify the jewel of Nestl Purina PetCares pet food lineup. Can Dogs Drink Juice? Good-for-the-planet brand claims seem to dominate the sustainability story of pet food, and novel proteins are becoming popular as a sustainable option. 13 Largest Pet Food Manufacturers in the US (Updated: 2023) Many brands have reintroduced or restated the importance of grains in pet diets by expanding lines with new grain-friendly recipes. Overview Pet food stores Retail sales Consumer behavior Pet food trends Editor's Picks Current statistics on this topic Pet Food U.S. pet market sales by category 2018-2022 Pet. APPA reports 70% of US households owned at least one pet in 2020 and pet owners, especially younger ones, are increasingly interested in what they are feeding their pets. Leading pet food companies worldwide 2021, based on revenue Besides having to follow the requirements under FSMA, registered animal food facilities must also comply with current good manufacturing practices (unless an exemption applies). Smucker is better known for making things other than pet foods (in this case, jam). For a substance to be GRAS, there must be a general recognition of safety. This means that qualified experts must agree that the substance is safe when added to food. Complete index of all the wonderful cat breeds and mixes, Deciding what you can and cannot feed your furry friend is a crucial decision, We love our cats, and therefore we want to get them the best gear, Understanding cat behavior can set you both up for a happy, productive relationship, Complete index of all the wonderful dog breeds and mixes, Deciding what you can and cannot feed your four legged friend is a crucial decision, We love our dogs, and therefore we want to get them the best gear, Training your dog can set you both up for a happy, productive relationship, The most complete list of dog food recalls, The most complete list of cat food recalls. In 1994, the Dietary Supplement Health and Education Act (DSHEA) amended the FD&C Act to create a special category for dietary supplements for people as well as a new regulatory framework for these products. The companys founder, Sissy McGill, was a Great Dane lover, and she noticed that European Great Danes outlived their American counterparts. More recently, some brands are working with innovative programs to prevent food waste by creating new, high-quality products out of surplus food ingredients. This figure must match total assets to ensure a balance sheet is properly balanced. Is Juice Safe for Dogs? This percentage represents obligations that are not reasonably expected to be liquidated within the normal operating cycle of the business but, instead, are payable at some date beyond that time. Although none of its brands may be all that notable on their own, Sunshine Mills makes up for that by producing a variety of foods. Pet food is animal feed intended for consumption by pets. Some of its top brands include Salix Animal Health, which is a big manufacturer of rawhide treats, and Wild Harvest. 1. This percentage, also known as "return on total investment," is a relative measure of profitability and represents the rate of return earned on the investment of total assets by a business. The world's leading pet food producers An exclusive database of top companies within the pet food industry, with information about annual revenue, brands, geographic markets served, key product categories and milestones. (Accounts Receivable * 100) / Total Assets. This makes these foods extremely high quality, but it also makes them expensive, which may explain how Freshpet pulls in $193 million every year. 10 top pet food companies headquartered in the US Some new products are supporting growth in wet pet food sales while offering more planning, thought and variety to pet mealtimes in popular, human cuisine-inspired formulas, such as Health Extensions Tuscan Style Quail and Italian Feast Venison canned formulas, as well as a variety of regional BBQ inspired wet dog food recipes from Merrick Pet Care. Biggest companies in the Pet Food Production industry in the US, Contains 10 to 20 pages of industry data, charts and tables, Concise analysis helps you unpack the numbers, Collection Period for Accounts Receivable (Days), Revenue to Closing Inventory (Inventory Turnover), Administration & Business Support Services, Professional, Scientific & Technical Services, Specialist Engineering, Infrastructure & Contractors, Water Supply; Sewerage, Waste Management and Remediation Activities, Market Size Statistics for Pet Food Production in the US. Our spray-dried ingredients are certified organic and hypoallergenic, an ideal solution for flavor enhancing in pet food and aquaculture food blends. The petition also includes safety data and the companys proposed labeling. Generally, the greater the number of days outstanding, the greater the probability of delinquencies in accounts receivable. Like Mars, J.M. As in other industries, sustainability continues to be a driver of innovation. Some ingredients, such as meat meals, vitamin mixes, and grains, are blended and ground to a desired size that allows for proper cooking with steam and heat. Succeeding in sales A look at 2019 full year results reveals a picture of the US pet food and treat market, individual segment performance and the brands that dominate. It has its own labels too, like Diamond Naturals, Nutra, and Taste of the Wild. Hepper.com does not intend to provide veterinary advice. Founded in 2008, Lider produces dry and wet pet food and treats, as well as feed for birds, rabbits and rodents. Euromonitor International reports dog treats and mix-ins grew 12% and cat treats and mix-ins grew 8.8% from 2018 to 2019 in the United States. Mergers and acquisitions are making the news as well. For more information on which companies currently hold the top spots, see the top companies by sales volume presented in the tables at the beginning of this article. Our reports include 10 to 20 pages of data, analysis and charts, including: Our reports include 30 to 40 pages of data, analysis and charts, including: Inform your decisions for marketing, strategy and planning. The 20 Largest Pet Food Manufacturers in the US: Basics, Wilderness, Naturally Fresh, and Life Protection Formula, Dog Food Manufacturers: Peering into the Future. This is one of the few family-owned and privately-held companies on this list. While AAFCO itself has no regulatory authority, this voluntary association of local, state, and federal feed control officials works to promote a safe feed supply by: FDA staff serve on AAFCOs Board of Directors, Pet Food Committee, and other committees. Leading pet food companies in the U.S. based on revenue 2021 Published by Emma Bedford , Oct 27, 2022 Mars Petcare Inc. was the leading pet food company in the United States in 2021, with. Cat treat sales climbed to the top with 105% growth during the first half of 2020 for the online retailer. On the manufacturing side, not only are processors embracing sustainable ingredients and packaging, but they are achieving no waste-to-landfill goals, reducing and reusing water and conserving energy, and incorporating renewable energy. The lower the positive ratio is, the more solvent the business. Can a Dog Take Metronidazole Without Food? This ratio is a rough indication of a firms ability to service its current obligations. Purchase this report or a membership to unlock the average company profit margin for this industry. Scientific procedures. Bil-Jac Foods, Inc. Blue Buffalo Company, Ltd. (General Mills) These plans including brand-new facilities and expansions to existing ones represent a total investment amount of at least $1.3 billion, approximately 1.4 million additional square feet, and the creation of an estimated 1,269 jobs in the United States. If Blue Buffalo is the rowdy newcomer in the natural pet food market, WellPet represents the old guard and its not going down without a fight. Copyright 2006-2023 Pet Food Institute | Non-Discriminatory/Accessibility Policy, Our member companies drive continuous improvement in the safety of ingredients and finished product. Here Although better known as a candy manufacturer, Mars is also the giant of the pet care industry, raking in over $18 billion each year from its animal food brands. Therefore, products marketed as dietary supplements for animals dont fall under DSHEA and FDA doesnt recognize them as a special category. This ratio is not very relevant for financial, construction and real estate industries. Our gums are widely used in pet food applications for their gelling and thickening properties. It excludes loan receivables and some receivables from related parties. Our fats and oils are specially designed to increase palatability while providing a better taste and an enjoyable experience for pets. This percentage is also known as "return on investment" or "return on equity." From January to June 2023, new product launches revolved around pet humanization and increased consumer awareness toward pet health and wellness. Get industry news directly to your inbox. is a Fort Collins, CO-based custom manufacturer providing private-label animal health products including powders, chews, and liquid supplements. Those companies add up to $700 million per year in revenue, so Blue Buffalo isnt the undisputed natural food champ just yet. Barrett Petfood Innovations. Dry dog food had the largest price increase of $0.62 per unit, while wet cat food and cat treats tied for the smallest unit price increase of $0.10 each. If the intended use is toaffectthe structure or function of the body and this structure or function effect isnt derived mainly from the products nutrition, taste, or aroma, then it's a drug.