The Largest Pet Food Manufacturers Dominating the Market in 2023


The pet food industry is a significant and growing market, with several large manufacturers dominating the global landscape. As of 2023, here’s a list of some of the largest pet food manufacturers around the world, along with their notable information:

  1. Nestlé Purina PetCare: Headquartered in St. Louis, Missouri, United States, Nestlé Purina PetCare is a key player in the pet food industry with a revenue of USD 15.42 billion. The company produces a variety of pet food products under brands like Purina Dog Chow, Purina Cat Chow, Friskies, and Fancy Feast, along with pet snacks under the Milk Bone brand​​.
  2. The J.M. Smucker Company: This company, based in Orrville, Ohio, United States, owns brands like Meow Mix and Kibbles ‘n Bits. It has diversified its portfolio over time and reported a revenue of USD 8.17 billion​​.
  3. Hill’s Pet Nutrition: A subsidiary of Colgate-Palmolive, Hill’s Pet Nutrition, headquartered in Topeka, Kansas, United States, specializes in dog and cat food, including prescription diets for various health issues. Its revenue was reported as USD 2.2 billion​​.
  4. Diamond Pet Foods: A subsidiary of Mars Inc. and based in Meta, Missouri, United States, Diamond Pet Foods had a revenue of USD 1.5 billion. The company offers a range of pet food products for dogs and cats​​.
  5. Simmons Pet Food: Located in Siloam Springs, Arkansas, United States, Simmons Pet Food markets products under brands like Advance and AvoDerm Natural Foods for Dogs and Cats. The company has a revenue of USD 1 billion and has recently made several acquisitions to expand its product offerings​​.
  6. Freshpet, Inc.: An American manufacturer of cat and dog foods primarily sold in North America, Freshpet targets the middle-class demographic and reported a revenue of $425 million in 2021​​.
  7. Sunshine Mills: Based in Red Bay, Alabama, this company manufactures pet foods under various brands and private labels, with revenue of $420 million in 2021​​.
  8. Tiernahrung Deuerer GmbH: Europe’s top dog and cat food manufacturer, the company focuses on quality and reported sales of $750 million during 2021​​.
  9. Blue Buffalo Pet Products Inc: A leader in all-natural dog and cat food based in Wilton, Connecticut, the company had a revenue of $870 million in 2021​​.
  10. Agrolimen SA: A Spanish company with its subsidiary Affinity Petcare, a leading European dog and cat food provider, reported a revenue of $753 million in 2021​​.
  11. Hill’s Pet Nutrition: A major supplier of specialty pet nutrition products for dogs and cats, the company’s revenue in 2021 was $2.20 billion​​.
  12. Central Garden & Pet Company: With a focus on a variety of pet products, including food, this company reported a revenue of $3.30 billion in 2021​​.

The global pet food market has been growing steadily. In 2023, it grew from $66.45 billion in 2022 to $72.02 billion, with a compound annual growth rate (CAGR) of 8.4% and is expected to reach $94.97 billion in 2027​​. The industry has seen significant changes and innovations over the years, including the introduction of premium, natural, and organic pet food options, along with advanced manufacturing processes like extrusion​​. The market is influenced by various factors including economic conditions, consumer preferences, and technological advancements in production and distribution.

Related: EU approval for Lab Grown Pet Food

IQI Joins Forces with OSI Group

IQI Joins Forces with OSI Group Global Food Industry Collaboration

In a significant move, IQI Trusted Petfood Ingredients has officially joined OSI Group, LLC. This collaboration, effective from October 18, brings together IQI, a leader in pet food ingredients, with OSI Group, a global supplier of a wide range of food products including meat and vegetables.

Expanding Horizons through Strategic Partnership Enhanced Supply Chain and Customer Reach

This partnership promises to be a game-changer for IQI. By tapping into OSI Group’s extensive supply chain, IQI is set to broaden its reach to new customers, expand its product portfolio, and strengthen its supply relationships. This strategic move is not just about expansion; it’s also focused on developing innovative, premium ingredients for the pet food industry.

A Shared Vision for Industry Excellence Leadership Comments on the Merger

Mark Oostendorp, CEO of IQI, is enthusiastic about the benefits of this step. He points out that OSI’s commitment to providing solutions aligns perfectly with IQI’s approach in the pet food sector. He believes this partnership will transform IQI into a global leader in animal and plant-based products and foster the co-creation of innovative solutions for their suppliers and customers.

Leveraging Strengths for Market Innovation Utilizing IQI’s Expertise in Pet Food

OSI Group plans to utilize IQI’s capabilities in pet food and functional ingredients across various categories. This includes animal protein, fish, Omega 3 fish oil, vegetables, and novel ingredients. The partnership also entails sharing IQI’s comprehensive process with OSI Group, encompassing ingredient sourcing, quality assurance, warehousing, logistics, distribution, and more.

Enhancing Customer Solutions Through Collaboration OSI Group Welcomes IQI to Its Global Family

Mark Richardson, Senior Executive Vice President of OSI International, emphasizes the partnership’s aim to integrate OSI’s extensive industry relationships directly with IQI’s customers. OSI Group is excited to welcome IQI into its global family and is looking forward to working together to create innovative ingredients that deliver unique solutions for IQI’s customers.

Related: How McDonald’s Made OSI a Super Power in The Food Industry

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