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Kormotech Joins the TOP 50 Global Cat and Dog Food Producers

Leading Ukrainian pet food manufacturer Kormotech has entered the TOP-50 global pet food producers, ranking 49th in the 2023 list by renowned American industry publication Petfood Industry.

"By the end of 2017, entering the TOP 50 in the world ranking seemed almost impossible it was just a dream. For the sixth year in a row, we have been among the TOP 21 most dynamic companies in the pet food industry. This demonstrates the continuous growth and demand for our product in the market. Moreover, despite the war, foreign partners are ready to sell our brand products and expand cooperation with Kormotech," explained Rostyslav Vovk, CEO and co-owner of Kormotech.

Petfood Industry Media ranks the largest companies in the world by annual revenue. It is an honor for us to be among the titans in the pet food industry! Our main competitors are Empresas Carozzi from Chile, Irish Dog Foods from Ireland, and Whitebridge Pet Brands from the USA.

Last year, Kormotech achieved a turnover of $152 million and increased its share of international sales to 31%. The current international-to-domestic sales ratio is 31% to 69% by volume.

Kormotech brands saw the most dynamic growth compared to last year's sales volumes in the markets of Romania (+35%), Poland (+11%), and Moldova (+11%). Over the past year, the company signed contracts with partners in Malaysia, began sales in Finland, and actively developed in the markets of Spain and Italy, expanding its presence to 42 countries worldwide. At the same time, Kormotech maintained its leadership position in the Ukrainian market.