August 23, 2022 11:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
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NEWARK, Del, Aug. 23, 2022 (GLOBE NEWSWIRE) -- The global freeze dried pet food market is set to witness growth at a CAGR of 5.3% and is anticipated to reach a valuation of around US$ 27.8 Bn by 2032.
Pet humanization is a key trend driving force in the growth of pet food items purchased by pet owners over the last half-decade. In the freeze dried dog food business, the transition from pet ownership to pet parenting has been critical in defining the trend.
According to the American Pet Products Association (APPA), there will be more than 85 million households with one or more pets in the U.S. in 2022 with the majority of them being dogs. Furthermore, growing attachment between pets and their owners has encouraged consumers to spend more on pet food. Pet owners are more concerned about their pets' health and are opting for freeze-dried diets. Animals benefit from such diets because they are high in nutrition.
Currently, pet owners are looking for more than just basic nutrients for their pets; they are also looking for foods that have special health benefits. Furthermore, as pet humanization increases, dog owners are more inclined to spend more on their pets' food and provide a wider variety of pet meals, including freeze-dried food. As a result of the growing trend of pet humanization, demand for freeze-dried dog food is expected to gain traction over the assessment period.
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“Rising advertising and endorsements by celebrities of pet health is likely to drive up demand and sales of freeze-dried pet food,” says a Future Market Insights analyst.
Leading players operating in the global freeze-dried pet food market are investing in research and development to launch innovative and vegan freeze-dried food options. They are also investing in promotional strategies on social media channels to improve sales.
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Future Market Insights, in its new report, offers an impartial analysis of the global Freeze Dried 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), process type (100% freeze-dried and partly freeze-dried), 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.
Freeze Dried Pet Food Market by Category
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