NEWARK, Del, July 25, 2022 (GLOBE NEWSWIRE) -- The global frozen pet food market is set to witness growth at a CAGR of 5.1% over the assessment period and is anticipated to reach a valuation of around US$ 23 Bn by 2032.
Frozen pet food products stay fresh for longer and retain more nutrients. Frozen pet food is also healthier because it is free of additives and processing.
To be active, healthy, and happy, every pet requires adequate nutrition. Concerns about animal nutrition and health have fueled a global trend toward high-protein pet food and fresh recipes, resulting in new developments in the raw, fresh, and frozen pet food market. Pet parents' willingness to try new diets and recipes for their pets has increased demand for both fresh and frozen pet foods.
In response to changing trends, leading players in the frozen pet food market have experimented more with their offerings. Experimentation and innovation in the frozen pet food sector are current industry trends which have gained traction among pet owners, particularly millennials.
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Key Takeaways:
- Based on pet type, sales of frozen pet food for dogs are anticipated to account for over 50% of the total market share.
- In terms of nature, demand for organic frozen pet food is expected to gain traction at a considerable pace over the assessment period.
- Animal derived frozen pet food is expected to hold a market share of over 40% in the forecast period.
- Sales in the U.S. frozen pet food market are expected to rise at a 3.2% CAGR through 2032.
- India will account for 35.6% of the South Asia frozen pet food market share over the forecast period.
- Demand for frozen pet food in Germany is expected to increase at a 2.3% CAGR over the assessment period.
“Growing preference for clean-label frozen pet food, along with high demand for different flavors and textures is expected to create opportunities for growth for frozen pet food manufacturers in the forthcoming years,” says an FMI analyst.
Competitive Landscape
Due to the existence of various regional and international firms offering a wide range of frozen pet food items, the global frozen food industry is extremely competitive. Key players control a large portion of the market, and they are pursuing strategies such as product innovations, strengthening their hold on offline and online marketing, partnerships, mergers, and acquisitions to increase their visibility and portfolio of offerings, thereby accelerating market growth.
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Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global frozen pet food market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on pet type (cat (kitten and senior) and dog (puppy, adult and senior) and others), nature (organic and conventional), source (animal derived, plant derived and insect derived), sales channel (offline sales channel (supermarkets/hypermarkets, pet stores, convenience store and other sales channel) and online sales channel (company website and e-commerce platform)), across seven major regions of the world.
Frozen Pet Food Market by Category
By Pet Type:
- Cat
- Kitten
- Senior
- Dog
- Puppy
- Adult
- Senior
- Others
By Nature:
- Organic
- Conventional
By Source:
- Animal Derived
- Plant Derived
- Insect Derived
By Sales Channel:
- Offline Sales Channel
- Supermarkets/Hypermarkets
- Pet Stores
- Convenience Store
- Other Sales Channel
- Online Sales Channel
- Company Website
- E-commerce Platform
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About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
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Explore FMI’s Extensive Coverage on Food and Beverage Domain
Organic Pet Food Market Size: Organic pet food market to increase at a healthy CAGR of 7.4% during the forecast period, to reach US$ 4.0 Bn by 2032.
Freeze Dried Pet Food Market Share: Freeze dried pet food market is expected to reach market valuation of US$ 16.6 Bn in 2022, with sales growing at a CAGR of 5.3% over the forecast period.
Pet Food Ingredients Market Trends: Pet food ingredient market is projected to grow at a steady CAGR of 5.4% between 2022 and 2032, totaling a valuation of US$ 20.5 Bn by 2032.
Dehydrated Pet Food Market Demand: Dehydrated pet food market is projected to reach US$ 8.6 Bn, registering a CAGR of 4.9% during the forecast period (2022-2032).
Egg Emulsifier Market Outlook: Egg emulsifier market is expected to reach a market valuation of US$ 216.2 Mn by 2022, with sales growing at a CAGR of 6.5% over the assessment period.
Plasma Powder Market Overview: Plasma powder market is estimated to exhibit growth at 5.2% CAGR between 2022 and 2032. The global market is set to reach US$ 3.0 Bn in 2032.
Baking Soda Substitute Market Analysis: Baking soda substitute market accelerating at a CAGR of 6% during the forecast period (2022-2032), to reach a value of US$ 7.4 Bn by 2032.
Water Enhancers Market Forecast: Water enhancers market is expected to reach a valuation of US$ 1.6 Bn by 2022, accelerating at a CAGR of 9.5% during 2022-2032.
Banana Milk Market Value: Banana milk market is expected to reach a market valuation of US$ 29.4 Mn in 2022, with demand increasing at a CAGR of 5.6% over the forecast period.
Fermented Foods and Beverages Market Sales: Fermented foods and beverages market size reached US$ 575.6 Bn in 2022 and is projected to grow at a CAGR of 5.6% during the forecast period, totaling around US$ 989.2 Bn by 2032.
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