SIT, STAY, READ Equipment market highly palatable The pet food processing equipment market is projected to grow at a CAGR of 3.5% in the next few years to reach a market of USD 4.27 billion by 2022 according to the Food Processing Suppliers Association's (FPSA) Pet Food Processing Equipment Market - Global Forecast to 2022. Although global demand for pet food processing equipment is expected to increase from growing economies such as China, Brazil, Argentina and India, the North American market is leader of the pack. BAKING AND DRYING EQUIPMENT SEGMENT IS PROJECTED TO BE THE FASTEST-GROWING SEGMENT IN NORTH AMERICA. 0 USD 1.20 billion USD 0.39 billion 13.3 14.9 11.6 10.2 13.5 18.8 15.3 15.2 30.0 35.4 29.7 43.5 North America 29.0 37.3 Europe 43.1 Asia-Pacific Others* MEXICO USD 1.11 billion Baking & Drying CANADA 1061.6 181.8 134.9 Mixing & Blending US 100 MARKET SHARE % Pet food processing equipment market size, by country, 2015 (USD million) USD 0.75 billion Forming NORTH AMERICA 39.2 RoW *Others include coating, cooling, pumping and stuffing machines. North America accounts for 41.1% share of the global pet food processing equipment market. EUROPE Source: Food Processing Suppliers Association's Pet Food Processing Equipment Market - Global Forecast to 2022 30.4% 3.2% NORTH AMERICA 41.1% ASIA-PACIFIC 3.0% 15.8% RoW 4.6% 12.7% 4.5% Market Share (2015) CAGR (2016-2022) www.petfoodprocessing.net | September 2018 | PET FOOD PROCESSING 73http://www.petfoodprocessing.net