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Stock impact report

Global Pet Food Processing Market to Touch Valuation of USD 8,007.3 Million by 2032 | Dry Pet Food Processing Generate More Than 72% Revenue But Grappling with Challenges says Astute Analy...

The Middleby Corporation (MIDD) 
Last the middleby corporation earnings: 2/26 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Premiumization trends drive demand for high-quality, functional ingredients. This growth, coupled with increasing e-commerce sales and a push for sustainability, presents both lucrative opportunities and challenges. New Delhi, Feb. 26, 2024 (GLOBE NEWSWIRE) -- As per Astute Analytica, the global pet food processing market , with a 2023 valuation of US$ 5,296.3 million, shows strong potential and is projected to surpass the market size of US$ 8,700.3 million by 2032, driven by a CAGR of 5.67% during the forecast period 2024-2032. The pet food processing market is going through significant changes. Pet owners want transparency, personalized solutions, and health-focused nutrition. The focus on pets' health prompted the microbiome revolution. Soon, prebiotics, probiotics, and postbiotics formulated for pets will be everywhere in the same way human nutrition is moving towards this direction. Therapeutic nutrition is being developed because 30% of pet owners globally are willing to pay Show less Read more
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