Fresh Pet Food Market Size, Share, Growth Analysis, By Animal Type(Dogs, Cats), By Product(Dry Pet Food, Wet Pet Food), By Ingredient(Animal Derivatives, And Plant Derivatives), By Sales Channel(Pet Store, Online Sale), By Pricing(Economy, Premium) - Industry Forecast 2024-2031

Drivers

Pet Humanization

• Pet abuse has been widely reported in mainstream media around the world in recent years. According to a study conducted by the American Pet Products Association (APPA) as part of the National Pet Owner Survey (2019-20), more than 88.9 million households in the United States have one or more pets, and dogs are said to have a large amount of debt of animals population .Therefore, the increasing humanization of animals will drive the fresh pet food market.

Rising Disposable Income

• Pet owner spending potential around the world is increasing along with the rise in disposable income, which is why people are more willing to pay extra for fresh pet food products thereby driving market growth as well.

Restraints

Stringent Regulations

• Pet food is one of the most highly regulated foods, especially in Western markets. In developed markets, pet foods are strictly controlled at every stage, from the ingredients used in the preparation of the food to its sale and distribution. High rigors associated with commercialization can be a major factor limiting the growth of the market. In addition, lower acceptance of premium or premium pet foods in some emerging markets may hinder market growth.

Limited Shelf Life

• Unlike packaged pet food, fresh pet food can only be stored for a short amount of time that too under ideal conditions only. The low shelf life of fresh pet food products is projected to be a key constraint for the overall fresh pet food market growth across the forecast period.