Pune, 5, Dec 2022: According to Maximize Market Research, The Raw Pet Food Market accounted for USD 130.55 billion in 2021 and is expected to reach USD 195.84 billion by 2029 at a CAGR of 5.2 % during the forecast period. The key reasons for this growth include raising awareness about the benefits of raw food, the growing popularity of organic and natural products among pet owners.
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Raw Pet Food Market Scope and Research Methodology
The MMR study was conducted using an objective combination of primary and secondary information including inputs and validations from real-time industry experts. An in-depth product and revenue analysis are performed on top Raw Pet Food industry players along with their business and geography segmentation. Receive primary inputs from subject matter experts working across the Raw Pet Food value chain in various designations. Paid databases like faostat for any additional data requirements or validations. In-house experts utilizing sophisticated methods including data triangulation, will connect the dots and establish a clear picture of the current Raw Pet Food market conditions, market size, and market shares.
Value chain, parent and ancillary markets, technology trends, recent developments, and influencing factors to identify demand drivers/variables in the short, medium, and long term. Various statistical models including correlation analysis are performed with careful analyst intervention to include seasonal and other variables to analyze different scenarios of the future Raw Pet Food market in different countries. These primary numbers, assumptions, variables, and their weightage are circulated to the expert panel for validation and a detailed standard report is published in an easily understandable format.
Raw Pet Food Market Overview
Raw pet food is free from preservatives, synthetic additives, grains, fillers, and any meat by-product. Raw pet food contains high quality meat and vegetables. The raw food is immediately frozen after it is prepared which preserves its freshness. Feeding the pet with such high-quality raw pet food improves the overall health of the pet, improves the pet’s digestive and immune system, and gives it a healthy skin and a thick coat.
Raw Pet Food Market Dynamics
Thanks to greater public knowledge of the advantages of eating raw foods, the market is expanding. The Natural and organic products are becoming more and more popular with pet owners. Specialty goods are in greater demand in industrialised nations. Additionally, rising populations in many locations are influencing consumption levels. The main drivers of this expansion are increased consumer knowledge of the advantages of raw food, pet owners’ increasing preference for natural and organic products, rising demand for speciality goods in developed nations, and rising population levels in various regions.
Moreover, there is a growing premiumization trend as more pet owners are prepared to pay more for high-end food products. To preserve the quality of the ingredients used to make the raw food and avoid any adulteration, major companies in the pet food industry adhere to strict safety and quality control standards.
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Raw Pet Food Market Segmentation
by Animal Type
by Food Type
- Dry food
- Wet food
Raw Pet Food Market, by Region
- North America
- Asia Pacific
- Middle East and Africa
- South America
Geographically, Over the forecast period, Europe is expected to experience the highest CAGR in terms of revenue growth. Over 80 million households in Europe have at least one pet, according to the European Pet Food Industry Federation (FEDIAF). Due to the high percentage of cat ownership in the area, cat food items dominate the market.
In 2021, Asia Pacific, led by China, Japan, India, and South Korea, became one of the world’s most important markets. The rising demand for high-end dog food is to blame for the regional market expansion. According to the Alltech Global Feed Survey, Asia Pacific saw a 3% increase in pet food output in 2021.
Raw Pet Food Market Key Players
- Stella & Chewy
- K9 Naturals
- Vital Essentials Raw
- Nature’s Variety
- Steve’s Real Food
- Primal Pets
- Grandma Lucy’s
- NRG Freeze Dried Raw
- NW Naturals
- Pedigree Petfoods
- Essential Foods
- Friskies PetCare Company
- Royal Canin
- Bravo, LLC
- Stewart Brand Dog Food
- Colgate Palmolive Co
- J.M. Smucker Co
- Nestle SA
- Raw Paws Pet, Inc
- Raw Basics LLC
- BARW World
- Merrick Pet Care, Inc.
- Castor & Pollux Natural Petworks
Key questions answered in the Raw Pet Food Market are:
- What is a Raw Pet Food?
- What is the growth rate of the Raw Pet Food Market for the forecast period?
- What is the nature of competition in the Raw Pet Food industry in developed economies and developing economies?
- Who are the key players in the Raw Pet Food Market?
- Who are the market leaders in Raw Pet Foods in Europe?
- Who are the market leaders in Raw Pet Foods in USA and Canada?
- Who are the market leaders in Raw Pet Foods in India, China, Japan, and South Korea?
- What are the factors affecting growth in the Raw Pet Food Market?
- Who held the largest market share in the Raw Pet Food Market?
Maximize Market Research is leading Consumer Goods & Services research firm, has also published the following reports:
Pet Food Market: The Pet Food Market is expected to reach US$ 137.77 Bn. by 2029 from US$ 94.68 Bn in 2021 at CAGR of 4.8 % during forecast period of 2022 to 2029. The Pet Food Market is expected to be driven by dog food demand and a higher proportion of premium pet food.
Pet Care Market: Pet Care Market was valued at USD 223.50 Billion in 2021, and it is expected to reach USD 345.61 Billion by 2029, exhibiting a CAGR of 5.6 % during the forecast period (2022-2029). The increasing trend of pet humanization is expected to enhance consumer expenditure in the home and pet care sectors.
Animal/ Veterinary Ultrasound Market: The Animal/ Veterinary Ultrasound Market size was valued at USD 312.45 Mn. in 2021 and the total Animal/ Veterinary Ultrasound revenue is expected to grow at a CAGR of 7.2% from 2022 to 2029, reaching nearly USD 544.93 Mn. Companion animal ownership has increased significantly in recent years all across the world. This is particularly noticeable in growing economies in APAC and Latin America, where increased urbanizations and disposable income have increased access to animal healthcare and allowed owners to spend more on pet care.
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