Global Fresh Pet Food Market

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

Report ID: SQMIG30I2381 | Region: Global | Published Date: March, 2024
Pages: 198 | Tables: 146 | Figures: 72

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Fresh Pet Food Market size was valued at USD 1.2 billion in 2022 and is poised to grow from USD 1.35 billion in 2023 to USD 3.58 billion by 2031, growing at a CAGR of 12.9% during the forecast period (2024-2031).

The fresh pet food market is highly competitive and characterized by the presence of several key players. Leading companies have been using a combination of product launches, expansions, mergers and acquisitions, contracts, agreements, partnerships, and collaborations as their main strategies to grow and expand their market share. A variety of strategies have been used by the companies to strengthen their position and aim to penetrate the market effectively. Manufacturing organic fresh pet food is a key trend that almost all fresh pet food market players will be focusing on in the future. 'Agrolimen SA', 'Champion Petfoods', 'Better Choice Company Inc.', 'K9 Natural Foods', 'Merrick Pet Care', 'BrightPet Nutrition Group', 'Stella & Chewy's Freshpet', 'Whitebridge Pet Brands', 'Nature's Variety', 'Natural Balance', 'Pet Foods', 'Real Pet Food Company', 'WellPet', 'Natures Menu'

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.

There are a growing number of customizable fresh pet foods on the market. Pet owners can choose specific ingredients or formulas tailored to their pet's nutritional needs, age, breed or health status, promoting customer satisfaction and loyalty. Companies can focus on creating customized pet food products designed for individual pets to capitalize on this trend and generate more sales and revenue.

North America is estimated to dominate the fresh pet food market. Growing pet ownership and increasing willingness of pet owners to spend more on their pets are projected to be key factors allowing this region to hold sway over the fresh pet food demand outlook. High consumer spending potential and the growing availability of different types of fresh pet food products are forecasted to bolster market growth in the future. The United States is the leading market in this region for fresh pet food providers followed by Canada. The US and Canadian end users are more invested in improving the nutritional intake of their pets as pet humanization picks up pace in these countries.

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