Frozen And Freeze-Dried Pet Food Market Analysis, Trends, Growth, Research And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Frozen And Freeze-Dried Pet Food Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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 growth in the historic period can be attributed to rise in awareness among people pertaining to animal health, increased trend of owning pet animals, need for increased nutrient, increased popularity of frozen and freeze-dried pet food, awareness about the nutritional benefits, inclusion of a blend of meats for processing into freeze-dried cubes.

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%. The growth in the forecast period can be attributed to increasing demand for small pets, increasing demand in consumers globally, overall pet health and immunity improvement, increasing trend of nuclear family, rising population of pet owners. Major trends in the forecast period include emerging adoption of modern technology, new innovations in eatables, new product approvals, development of new cooking techniques, approval applications to launch new products.

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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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

Frozen And Freeze-Dried Pet Food Market 2024 Key Insights:

• 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%.
• The Impact Of Rising Pet Ownership On The Frozen And Freeze-Dried Pet Food Market
• Revolutionizing Pet Nutrition By Introducing Premium Cell-Based Offerings
• North America was the largest region in the frozen and freeze-dried pet food market in 2023

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