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Pharmacy benefit management market
Frozen Pet Food Market REPORT OVERVIEW
The global frozen pet food market size is expected to be worth 18447.07 million in 2021 and will touch USD 35287.77 million by 2031 with a CAGR of 6.7% during the forecast year. In the market study, our analysts have considered Frozen Pet Food players such as Nature's Variety Instinct, Nulo, Valiant, Bravo, Stewart Pet Food, Anut Jeni's Home Make, Northweat Naturals, Buckley, Whole Life, CountryPet, Raw Paws, Tetra, Vital Essentials and Stella & Chewy's.
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Frozen pet food is gaining popularity as a convenient and nutritious option for pet owners. This specialized pet diet is typically made from high-quality ingredients and undergoes minimal processing, preserving essential nutrients. It's available in various forms, such as raw, freeze-dried, and frozen patties. These options cater to different dietary preferences and needs, ensuring pets receive a well-balanced meal.
Frozen pet food has the advantage of extended shelf life without the need for artificial preservatives. Pet owners appreciate the convenience of portioned servings and the confidence that comes from serving a diet that mirrors a more natural, ancestral diet for their furry companions. These factors have helped in the frozen pet food market growth.
COVID-19 Impact: Surge in Pet Ownership During Pandemic Increased Market Share
The COVID-19 pandemic significantly influenced the frozen pet food industry. As people spent more time at home, pet ownership surged, leading to increased demand for premium pet food options. Consumers sought healthier, convenient choices, and frozen pet food fit the bill.
Supply chain disruptions affected some pet food manufacturers, but the overall growth of the sector remained strong. The pandemic highlighted the importance of pet health and nutrition, encouraging pet owners to explore frozen alternatives due to their longer shelf life and perceived health benefits. This shift in demand and preference for frozen pet food is expected to have a lasting impact on the industry. This was the impact of the pandemic on the market.
LATEST TRENDS
"Availability of Tailored Meal Plans for Pets to Boost Market Growth"
Innovations in frozen pet food have been transformative in recent years. These innovations are creating lucrative growth opportunities for the market growth. Companies are now offering a broader array of protein sources, accommodating various dietary requirements and allergies. Personalization is on the rise, with tailored meal plans and portion-controlled options for pets. Freeze-drying technology preserves nutrients while extending shelf life.
Sustainable practices, such as eco-friendly packaging and responsibly sourced ingredients, are becoming more prevalent. Moreover, advancements in online ordering and subscription models make frozen pet food accessible to a broader audience. These innovations not only improve the quality and convenience of frozen pet food but also contribute to the well-being of pets and the environment.
Frozen Pet Food Market SEGMENTATION
- By Type
The market can be divided on the basis of types into the following segments:
Beef liver, chicken breast, minnows, frozen patties, organs, and, others.
The beef liver segment is anticipated to dominate the market during the forecast period.
- By Application
Based on application, the market share is bifurcated into the following segments:
Dog, cat, and, others.
The dog segment is expected to dominate the market during the forecast period.
DRIVING FACTORS
"Growing Awareness About Pet Health and Nutrition to Amplify Market Growth"
The growing popularity of frozen pet food is driven by several key factors. First, the increasing awareness of pet health and nutrition has led pet owners to seek high-quality, minimally processed options. Frozen pet food provides a convenient way to offer pets a diet rich in nutrients. Additionally, concerns about food safety have pushed pet owners to choose frozen options with fewer additives and preservatives.
The desire for variety and customization is another driving force, with a range of proteins and formulations available to accommodate individual pet preferences and dietary needs. As the pet food industry evolves, these factors continue to fuel the demand for frozen pet food. All of the above-mentioned factors are propelling the frozen pet food market share.
"Environmental Awareness Regarding Sustainably Sourced Ingredients to Fuel Market Growth"
Beyond nutrition and safety, several other driving factors are boosting the popularity of frozen pet food. Convenience is a significant factor, as pet owners appreciate the ease of portioned servings and minimal food preparation. The humanization of pets plays a role, with consumers seeking pet food options that mimic their own dietary choices, including organic and grain-free varieties.
Environmental awareness is growing, leading to an increased preference for sustainably sourced ingredients and eco-friendly packaging. Furthermore, the convenience of online shopping and subscription services for frozen pet food has made it more accessible and appealing to a broader audience, contributing to the industry's expansion.
RESTRAINING FACTOR
"High Cost of Frozen Food as Compared to Traditional Dry Food to Bring Down Market Share"
While frozen pet food offers numerous advantages, there are some restraining factors to consider. Cost is a significant concern, as frozen options tend to be more expensive than traditional dry or canned pet food. Limited availability and distribution can also be an issue, as not all pet stores carry a wide variety of frozen options. Storage space is another challenge, as frozen pet food requires a freezer, which can be limiting in smaller households.
Thawing and meal preparation can be less convenient for some pet owners, especially when compared to the simplicity of dry kibble. These factors can influence a pet owner's decision when choosing pet food and have an adverse impact on market growth and development.
Frozen Pet Food Market Regional Insights
"North America to Dominate Market Due to Heightened Awareness of Pet Health"
North America has emerged as the leading region in the frozen pet food industry. The U.S. and Canada, in particular, have seen a significant surge in consumer demand for premium pet food options. This trend is driven by a heightened awareness of pet health, nutrition, and the willingness to invest in high-quality pet products.
The North American market offers a diverse range of frozen pet food brands, formulations, and protein sources to cater to pet owners' varied preferences. Additionally, the presence of well-established pet food manufacturers and a culture of pet ownership contributes to the region's dominance in the frozen pet food sector.
Key Industry Players
"Leading Players adopt Acquisition Strategies to Stay Competitive "
Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.
List of Market Players Profiled
- Nature's Variety Instinct (U.S.)
- Nulo (U.S.)
- Valiant (U.S.)
- Bravo (U.S.)
- Stewart Pet Food (U.S.)
- Aunt Jeni's Home Made (U.S.)
- Northwest Naturals (U.S.)
- Buckley (U.S.)
- Whole Life (U.S.)
- Raw Paws (U.S.)
- Vital Essentials (U.S.)
- Stella & Chewy's (U.S.)
Report Coverage
The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 18447.07 Million in 2021 |
Market Size Value By |
US$ 35287.77 Million by 2031 |
Growth Rate |
CAGR of 6.7% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global frozen pet food market expected to touch by 2031?
The global frozen pet food market is expected to touch 35287.77 million by 2031.
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What CAGR is the global frozen pet food market expected to exhibit during 2024-2031?
The global frozen pet food market is expected to exhibit a CAGR of 6.7% over 2024-2031.
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Which are the driving factors of the frozen pet food market?
Growing awareness about pet health and nutrition and environmental awareness regarding sustainably sourced ingredients to drive frozen pet food market growth and development.
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Which are the top companies operating in the frozen pet food market?
Natures Variety Instinct, Nulo, Valiant, Bravo, and, Stewart Pet Food are the top companies operating in the frozen pet food market.