Pet Raw Food Global Market Report 2024 Market Size, Share, Trends And Forecast To 2024-2033

"The Business Research Company recently released a comprehensive report on the Global Pet Raw 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 pet raw food market size has grown rapidly in recent years. It will grow from $3.21 billion in 2023 to $3.68 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to increasing awareness of the climate impact, growing endorsements from veterinarians, development of convenient raw food formats, Increasing awareness of pet obesity, and stricter regulations and higher safety standards.

The pet raw food market size is expected to see rapid growth in the next few years. It will grow to $6.39 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%. The growth in the forecast period can be attributed to health and wellness focus, the rise of e-commerce platforms, interest in functional foods, focus on locally sourced ingredients, and investment in consumer education. Major trends in the forecast period include subscription-based models, innovations in sustainable packaging, advances in food technology, exploration of novel ingredients, and demand for sustainable protein sources.

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Market Drivers and Trends:

The growing pet ownership is expected to propel the growth of the pet raw food market going forward. Pet ownership is domesticated animals' legal responsibility and maintenance for companionship, protection, or enjoyment. Pet ownership is rising due to several factors, such as companionship and emotional support, awareness of animal welfare, and social media influence. Pet owners prioritize raw pet food by choosing natural, nutritional products due to fewer additives and alignment with pets' natural diets, emphasizing high-quality, natural foods similar to wild diets. For instance, in April 2023, according to People's Dispensary for Sick Animals, a UK-based veterinary charity, in 2023, 53% of UK adults own a pet, an increase from 51% in February 2020, with 29% owning a dog increased from 26% in February 2020. Therefore, growing pet ownership is driving the growth of the pet raw food market.

Major companies operating in the pet raw food market are focusing on innovative products such as freeze-dried nutrition to deliver the nutritional benefits of raw pet food in a convenient kibble format. Freeze-dried raw nutrition requires freezing the food at extremely low temperatures and then drying it in a vacuum setting, allowing for long-term storage while keeping much of the food's original nutritional worth and quality. For instance, in March 2024, Primal Pet Foods, a US-based manufacturer of fully prepared, human-grade raw pet foods, launched Kibble in the Raw. It offers a nutritionally superior option with carefully selected, uncooked ingredients such as raw beef, pork, fish, or chicken. Kibble in the Raw contains freeze-dried raw protein, maintains maximum nutrients and flavor, and contains no synthetic vitamins or minerals. This format makes it convenient and nutritious, appealing to pet owners seeking optimal health benefits and natural feeding solutions.

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Major Key Players of the Market:

Stella & Chewy's, Sojourner Farms LLC, Nature's Variety, Instinct Pet Food, The Honest Kitchen, Northwest Naturals, Halo Pets, Bravo Pet Foods, Red Dog Blue Kat, Darwin's Natural Pet Products, Big Dog Natural, Dr. Harvey's, Vital Essentials, Steve's Real Food, Answers Pet Food, SmallbatchPets, BARF World Inc., OC Raw Dog, Carnivora, Totally Raw Pet Food Inc., Momentum Carnivore Nutrition, K9 Natural, Raw Bistro, Proudi

Pet Raw Food Market 2024 Key Insights:

• The pet raw food market size is expected to see rapid growth in the next few years. It will grow to $6.39 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%.
• Growing Pet Ownership Drives The Pet Raw Food Market Expansion
• Innovations In Freeze-Dried Raw Nutrition For Pets
• North America was the largest region in the pet raw food market in 2023

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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company

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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