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Frozen And Freeze-Dried Pet Food Market Share And Growth Analysis Report 2024-2033
The new report published by The Business Research Company, titled ""Frozen And Freeze-Dried Pet Food Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the frozen and freeze-dried pet food market size has grown strongly in recent years. It will grow from $87.90 billion in 2023 to $95.68 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The frozen and freeze-dried pet food market size is expected to see strong growth in the next few years. It will grow to $135.82 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%.
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The Impact Of Rising Pet Ownership On The Frozen And Freeze-Dried Pet Food Market
The increasing pet ownership is expected to propel the growth of the frozen and freeze-dried pet food market going forward. Pet ownership refers to having an animal, typically a domesticated species, under one's care and responsibility for companionship, work, or recreational purposes. The increase in pet ownership can be attributed to several factors, such as social trends, urbanization, and a rise in the number of young adults delaying parenthood. Frozen and freeze-dried pet foods offer significant advantages in nutrition, convenience, and health benefits, making pet ownership more manageable and enjoyable. They provide a high-quality diet that supports pets' overall well-being, contributing to a healthier and happier life. For instance, in June 2021, according to The American Pet Products Association (APPA), a US-based organization, during 2021-2022, pet ownership in the U.S. increased from an estimated 67% of households to 70%. However, from 2023 to 2024, 66% of U.S. households owned a pet, which equates to 86.9 million households. Therefore, increasing pet ownership drives the frozen and freeze-dried pet food market.
Revolutionizing Pet Nutrition By Introducing Premium Cell-Based Offerings
Major companies operating in the frozen and freeze-dried pet food market are focusing on developing innovative products, such as a premium cell-based pet nutrition brand, to gain a competitive advantage in the market. Premium cell-based pet nutrition offers the world's first freeze-dried, high-protein cultured pet foods, designed to benefit dogs' and cats' immunity, digestion, and overall health. For instance, in April 2023, CULT Food Science Corp., a Canada-based food technology company, launched Noochies, a premium cell-based pet nutrition brand. The products contain Bmmune, a patent-pending animal-free ingredient that delivers high-quality and sustainable proteins with specific nutrient profiles, and Bflora, a probiotic designed for optimal pet gut health. This product stands out from other pet treats as it uses nutritional yeast as the primary protein source. This ingredient is rich in protein, fiber, and B complex vitamins, offering a similar amino acid profile to meat.
The frozen and freeze-dried pet food market covered in this report is segmented -
1) By Product: Frozen Pet Food, Freeze-Dried Pet Food
2) By Source: Synthetic, Plant-Based, Animal-Based
3) By Pet Type: Dog, Cat, Fish, Other Pet Types
4) By Distribution Channel: Supermarkets Or Hypermarkets, Specialty Pet Stores, Online, Other Distribution Channels
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Major companies operating in the frozen and freeze-dried pet food market are Mars Inc., Merrick Pet Care, Stella & Chewy's LLC, WellPet, Ziwi Peak, Nature's Variety, L Catterton, Primal Pet Foods Inc., Nutro Co., Bravo Pet Foods, Carnivore Meat Company LLC, Deuerer, Natura Pet Products Inc., NRG Dog Products, Canvasback Pet Supplies, Steve's Real Food, Kelly & Company, Grandma Lucy's, Harmony House, K9 Natural Ltd., Vital Essentials
Contents of the report:
1. Executive Summary
2. Frozen And Freeze-Dried Pet Food Market Report Structure
3. Frozen And Freeze-Dried Pet Food Market Trends And Strategies
4. Frozen And Freeze-Dried Pet Food Market - Macro Economic Scenario
5. Frozen And Freeze-Dried Pet Food Market Size And Growth
…..
27. Frozen And Freeze-Dried Pet Food Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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