Fresh Pet Food Market Size, Share, Growth Analysis, By Pet type(Dogs, Cats, Others), By Product Type(Fresh Wet Pet Food, Fresh Dry Pet Food, Fresh Semi-Moist Pet Food), By Ingredients(Animal-Based Proteins, Plant-Based Proteins (Carrots, Beet, Sweet Potato), By Sales Channel(Online Channel, Offline Channel (Supermarkets & hypermarkets, Convenience stores)), By Region - Industry Forecast 2024-2031

Drivers

• Pet Food Manufacturers are Expanding their Product Development to Drive Market Growth

The main global market participants are working on developing a diverse range of pet food products to fulfill the needs of various types of animals of differing ages. This is expected to boost the global market. The number of products dispatched is growing. Market merchants are attempting to entice more clients by presenting new varieties of new pet food types. New product releases assist businesses grow product sales and market share.

• Increased Pet Ownership in Developing Economies will Boost Market Growth

The increasing trend of keeping pets, more in developing countries, is predicted to boost the market. Increased urbanization and adaptation to pets enable the owners to opt for nutritional and quality feed for pets, which accelerates market growth. Consumers' higher per capita income is encouraging them to spend on solid and natural pet food to improve their health. Furthermore, the availability of products in several pricing ranges is driving expansion in the global market.

Restraints

• Shorter Shelf Life Impedes Market Growth

The shorter term of realistic usability compared to handled pet food types is an important test for global new pet food industry development. New pet food varieties receive less handling workouts than handled pet food varieties, resulting in a significantly lower capacity life when compared to handled pet food sources. Handled pet food sources offer higher accommodation than new handled food options. Synthetic handling, drying, canning, and maturing are some of the most typical ways to manage pet food supplies.

• High Production and Distribution Costs:

The primary challenge facing the fresh pet food industry is the relatively high cost of making and distributing fresh pet food. Fresh pet food is subject to strict requirements, in contrast to normal pet food that is sold in supermarkets. It cannot be maintained, for instance, and its ingredients must be organic, safe for human consumption, or even non-GMO. These ingredients are significantly more expensive and of a higher standard than those included in regular pet food.