Soaring Demand Set to Propel Frozen And Freeze-Dried Pet Food Market to $148.15 Billion by 2029

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What Is the Expected CAGR for the Frozen And Freeze-Dried Pet Food Market Through 2025?
The market size for frozen and freeze-dried pet food has seen robust growth recently. The market is projected to expand from $95.68 billion in 2024 to $104.68 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.4%. The historic period growth can be linked to factors such as raising consciousness about animal health, growing trend of pet ownership, the demand for enhanced nutrition, increased consumer preference for frozen and freeze-dried pet food, awareness of nutritional advantages, and the incorporation of a variety of meats for processing into freeze-dried cubes.

What's the Projected Size of the Global Frozen And Freeze-Dried Pet Food Market by 2029?
Significant expansion is predicted in the frozen and freeze-dried pet food market in the forthcoming years. The market is projected to reach $148.15 billion by 2029, with a compound annual growth rate (CAGR) of 9.1%. Factors contributing to this growth include a surge in demand for small pets worldwide, heightened concern for pet health and immunity, a growing trend towards nuclear families, and an increasing number of pet owners. Upcoming trends that will impact the market during the forecast period include the acceptance of advanced technology, the innovation of new pet food products, approval of new products, the introduction of new cooking methods, and the filing of applications for new product launches.

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Top Growth Drivers in the Frozen And Freeze-Dried Pet Food Industry: What's Accelerating the Market?
The surge in pet ownership is anticipated to fuel the expansion of the frozen and freeze-dried pet food market. Having a pet, usually a domesticated animal, for companionship, work or recreational activities indicates pet ownership. Growth in pet ownership can be ascribed to a variety of elements like social trends, urban living, and a delay in parenthood among younger adults. The benefits of frozen and freeze-dried pet foods include improved nutrition, simplicity and health advantages, making pet care more effortless and pleasing. They supply a superior diet that boosts pets' overall wellness, leading to a healthier, more content life. For example, data from Animal Medicines Australia, a non-governmental organization based in Australia, reported a substantial increase in pet ownership in Australia in November 2022. The number of pet owners climbed to 28,730.8 in 2022, a 24% jump from 39% in 2021. This notable growth indicates a potent upward trend in pet adoption and the investment in their care. Therefore, the upswing in pet ownership is what's powering the growth of frozen and freeze-dried pet food market.

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What Trends Will Shape the Frozen And Freeze-Dried Pet Food Market Through 2029 and Beyond?
Significant players in the freeze-dried and frozen pet food market are striving to create unique offerings, such as a high-end cell-based pet nutrition brand, to establish a competitive edge. This new form of pet nutrition provides the first globally developed freeze-dried, high-protein cultivated pet food, intended to enhance the immunity, digestion and overall health of cats and dogs. For example, in April 2023, CULT Food Science Corp., a Canadian food technology firm, introduced Noochies, a top-tier cell-based pet nutrition brand. The range includes the proprietary Bmmune, which harbors animal-free components providing high-end sustainable proteins with distinct nutrient profiles and Bflora, a probiotic targeted at maximizing gut health in pets. What distinguishes this product from other pet snacks is that it uses nutritional yeast as its main protein source. This component, laden with proteins, fibers, and B complex vitamins, offers a nutrient profile comparable to meat.

What Are the Main Segments in the Frozen And Freeze-Dried Pet Food Market?
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

Subsegments:
1) By Frozen Pet Food: Raw Frozen Pet Food, Cooked Frozen Pet Food, Frozen Pet Food In Pouches Or Trays, Frozen Pet Food In Bulk Packs
2) By Freeze-Dried Pet Food: Freeze-Dried Raw Pet Food, Freeze-Dried Cooked Pet Food, Freeze-Dried Treats, Freeze-Dried Meal Mixes

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Which Top Companies are Driving Growth in the Frozen And Freeze-Dried Pet Food Market?
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

Which Regions Will Dominate the Frozen And Freeze-Dried Pet Food Market Through 2029?
North America was the largest region in the frozen and freeze-dried pet food market in 2023. Asia-Pacific is expected to be the fastest growing region in the market. The regions covered in the frozen and freeze-dried pet food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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