The Pet Raw Food Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Pet Raw Food Global Market Report 2024, 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.
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.
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The pet raw food market covered in this report is segmented –
1) By Type: Kibble-Plus, Frozen, Dehydrated, Freeze-Dried
2) By Animal Type: Dogs, Cats, Other Animal Types
3) By Application: Online Sales, Offline Sales
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.
The pet raw food market report table of contents includes:
1. Executive Summary
2. Pet Raw Food Market Characteristics
3. Pet Raw Food Market Trends And Strategies
4. Pet Raw Food Market – Macro Economic Scenario
5. Global Pet Raw Food Market Size and Growth
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32. Global Pet Raw Food Market Competitive Benchmarking
33. Global Pet Raw Food Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pet Raw Food Market
35. Pet Raw Food Market Future Outlook and Potential Analysis
36. Appendix
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