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2023 U.S. Industry Statistics & Market Forecast - Dog & Cat Food Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Dog & Cat Food Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2017 2018 2019 2020 2021 2022 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Dog and Cat Food Manufacturing industry is experiencing a multitude of trends that are significantly impacting the way business is conducted. Some of the key trends include:1. Premiumization: There is a growing demand for premium and natural pet food products that are free from fillers, preservatives, and other harmful substances. Pet owners are increasingly becoming more health-conscious and are willing to pay premiums for high-quality pet food.
2. Customization: Pet owners are looking for food products that cater to their pet’s specific needs, whether it is for weight management, allergies, or digestive issues. Customized food options are becoming more prevalent in the pet food market, providing pet owners with a wider selection of tailored products.
3. Sustainability: Environmental sustainability is an emerging trend in the pet food manufacturing industry. Pet food companies are introducing eco-friendly products and packaging to reduce their carbon footprint and promote sustainable practices.
4. E-commerce: E-commerce is becoming increasingly popular in the pet food industry as more pet owners are buying their pet food online. This trend has prompted pet food manufacturers to invest in digital advertising and develop compelling e-commerce platforms.
5. Humanization: Pet owners are treating their pets like family members, and as a result, expect their pets to be fed high-quality food that reflects their own dietary preferences. This has led to a greater emphasis on creating pet food that is more similar to human food in terms of ingredients and preparation.
Product & Services Breakdown
Research products and services in the Dog & Cat Food Manufacturing industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Sales ($ millions) | Percent of Total Sales | |
|---|---|---|---|
Industry Total |
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Dog And Cat Food Manufacturing |
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Dog Food |
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Cat Food |
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Dog And Cat Food Manufacturing, Not Categorized, Total |
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Total Miscellaneous Receipts |
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Resales - Sales Of Products Bought And Sold Without Further Manufacture, Processing, Or Assembly |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Dog & Cat Food Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Dog & Cat Food Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Dog & Cat Food Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 6% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 3% | |||
| Office and Administrative Support Occupations | 10% | |||
| Installation, Maintenance, and Repair Occupations | 6% | |||
| Other Installation, Maintenance, and Repair Occupations | 5% | |||
| Production Occupations | 44% | |||
| Food Processing Workers | 10% | |||
| Miscellaneous Food Processing Workers | 9% | |||
| Food Batchmakers | 8% | |||
| Other Production Occupations | 28% | |||
| Crushing, Grinding, Polishing, Mixing, and Blending Workers | 12% | |||
| Mixing and Blending Machine Setters, Operators, and Tenders | 11% | |||
| Packaging and Filling Machine Operators and Tenders | 10% | |||
| Packaging and Filling Machine Operators and Tenders | 10% | |||
| Transportation and Material Moving Occupations | 20% | |||
| Motor Vehicle Operators | 7% | |||
| Driver/Sales Workers and Truck Drivers | 7% | |||
| Heavy and Tractor-Trailer Truck Drivers | 6% | |||
| Material Moving Workers | 12% | |||
| Laborers and Material Movers | 9% | |||
| Laborers and Freight, Stock, and Material Movers, Hand | 5% | |||
Dog & Cat Food Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Dog & Cat Food Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Dog & Cat Food Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Dog & Cat Food Manufacturing industry. |
Source:
Government Contracts
In 2022, the federal government spent a total of $43,688 on Dog & Cat Food Manufacturing. It has awarded 1 contracts to 1 companies, with an average value of $43,688 per company.| Most Recent Contracts | Date | Total Award Amount |
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