Pet Food Production in Australia - Industry Market Research Report

Pet peeve: The popularity of cheaper private label products has put a leash on revenue and profit

Revenue in the Pet Food Production industry has edged upwards over recent years. More and more consumers are seeking out high-quality products for their pets, pushing up sales of premium pet foods in Australia. Manufacturers have responded by releasing gourmet product varieties, like salmon and white fish with olive oil kibble for cats, and products with dietary benefits, like grain-free and grain-reduced dog food. Overall, industry revenue is expected to inch up at an annualised 0.9% over the five years through 2022-23, to total $3.0 billion. But revenue is anticipated to dip by 1.0% in 2022-23, as discretionary incomes weaken and consumer spending power diminishes alongside inflationary pressures and a rising cash rate.

Industry firms primarily manufacture domestic pet food. The industry excludes livestock feed production.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.