Industry Analysis & Industry Trends
The Animal Food Production industry has grown over the past five years, despite fluctuations in the price of animal feed. Rising input costs were largely absorbed by industry operators, passed on to downstream producers or offset by rising global demand for meat. The industry was also bolstered by a steady increase in demand for pet food brought on by an increase in pet ownership. The industry is expected to grow alongside demand for animal feed and pet food over the next five years. Rising disposable income will encourage more Canadians to purchase pets and pet food products. In particular, premium brands will benefit as consumers are better situated financially to pamper their pets.
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Industry Report - Industry Key Buyers Chapter
The Animal Food Production industry in Canada has a low level of concentration, with the top four players accounting for just over 24.0% of industry revenue. Most of the industry's largest producers are internationally focused, with a small number of establishments located in the Canadian market. The rest of the industry includes a large number of smaller, regionally located operators scattered across the country. The majority of these producers are fairly small, with 69.3% of industry establishments operating with under 20 employees. Nevertheless, the industry has started to consolidate due to excess production capacity. For example, in 2012, major industry operator Ridley Inc... purchase to read more