Global Raw Pet Food Market
Global Raw Pet Food Market: Industry Analysis and Forecast 2020 -2026: By Animal Type, Food Type and Region.

Global Raw Pet Food Market is anticipated to reach US$ 168.6 Mn by 2026 from US$ XX Mn in 2019 at a CAGR of XX % during a forecast period.

Global Raw Pet Food Market Overview

Raw pet food is made from high-quality meat and veggies. Preservatives, synthetic chemicals, grains, fillers, and meat by-products are not included in raw pet food. After being cooked, the raw food is promptly frozen, preserving its freshness. Feeding the pet such high-quality raw pet food enhances the pet's general health, strengthens the digestive and immune systems, and offers the pet good skin and a thick coat. There is a growing tendency of humanization among pet owners, which implies that they regard their pets as members of their family and have a strong relationship with them. A growing number of individuals are purchasing hybrid breeds of pets that are considered uncommon species.

Global Raw Pet Food Market Dynamics

The raw pet food market is projected to grow as pet owners' concerns about their pets' health rise. Consumers, including their dogs, are becoming increasingly worried about their health and well-being. As a result, the demand for raw pet food is rapidly increasing. According to studies, pets are no longer just for dogs; 44 % of millennials see their pets as practice before having children. As a consequence of online blogs and veterinary practitioner recommendations, raw pet food is becoming more popular, which is projected to boost the market growth. Individuals can now afford to buy raw pet food, which is more expensive than processed meals, due to the rising middle-class population and greater discretionary income. Also, as pet owners become more aware of the authenticity of raw pet food, the market is expected to grow. Humanization has also increased the need for high-quality, opulent meals. According to a Nielsen consumer survey conducted in 2016, pet owners are more worried about the quality of raw pet food than the price. Almost half of the American pet owners say they would give up their Netflix membership to buy high-quality raw pet food, while at least 55% of American and French pet owners say they would give up chocolate to get high-quality raw pet food. Furthermore, retail sales of higher-quality premium food have grown substantially, as has pet owners' yearly home raw pet food spend. However, the adulteration of raw pet food with low-quality components is reported to be impeding the market growth.

Impact of COVID pandemic on the Raw Pet Food market

COVID-19 had a negative impact on supply chains. The raw pet food industry first suffered in terms of supply and cash flow due to limitations in the transfer of raw ingredients. On the other side, demand for raw pet food increased steadily in many areas of the world as individuals acquired more pets in response to a rising desire for companionship during the lockdown. To address the increased demand created by the COVID—19 epidemic, raw pet food manufacturers are increasing their investments in cannabidiol (CBD) infused raw pet food. Customers are frantically buying raw pet food to guarantee they have enough nourishment for their dogs in the face of government lockdowns due to the outbreak. CBD food items are likely to last longer than normal pet meals. Human and pet CBD-infused food, for example, now account for more than 30% of internet sales, and over 3500 CBD items are available on the US market. Purina, a Nestle-owned raw pet food firm, has indicated that it plans to invest in CBD-infused dog food products in 2019. Before COVID-19, the online market for raw pet food had already exploded, with raw pet food e-commerce increasing by 53%. According to statistics from the raw pet food Forum, Amazon, Walmart, and Chewy have become favorites among pet owners who are transferring their spending to the internet. Pet items are now Amazon Prime users' fifth-largest purchasing category, with the %age of customers utilizing Prime for pet products increased from 30% to 37% between February and June 2020. According to Nielsen, raw pet food online sales increased by 77 % year on year in March 2020. In only one month, from February to March 2020, online raw pet food sales increased by more than 51%. Raw pet food subscription orders rose 28 % from February to March according to Debbie Phillips Donaldson of PetFoodIndustry.com.

Global Raw Pet Food Market Segmentation Analysis

By Animal Type, the dog food market segment, which is expected to acquire $ 9, 2415 million in global annual sales by 2026. While personalizing their raw, fresh, and frozen dog food products, several industry competitors are now giving nutritional expert guidance. This is projected to give these stakeholders a significant boost in the global raw, fresh, and frozen dog food market. Global Raw Pet Food Market 1 By Food Type, Dry raw pet food that is owner-friendly and easy to store and feed is a major segment of the raw pet food market. Aside from being inexpensive, several of these products are particularly designed to clean teeth while being ingested. These features offer dry pet meals a significant edge over their long-standing competitor, wet pet feeds. Dry raw pet food can also be left out for extended periods without spoiling. As a result, it is extremely handy for owners who lead a hectic lifestyle Global Raw Pet Food Market To know about the Research Methodology :- Request Free Sample Report The market is driven by demand for a high protein and low carbohydrate diet which increases overall the dry raw pet food market in the country. With the increasing demand for animal feed, the main companies in the animal feed sector are likewise boosting investments to take up large shares and be the market leader. Nestlé Purine, for example, stated in 2020 that its US raw pet food plant will invest USD 140 million to develop its operations in the country. The major objective of the growth is to add a new line for the manufacture on the market of 'dry' or kibble pet meals for manufacturing and packing.

Global Raw Pet Food Market Regional Analysis

North America accounted for 38% of the global raw pet food market in 2020. Despite the economic crisis, the raw pet food sector is one of several that has flourished. The top raw pet food markets in the world are the United States, the United Kingdom, France, Brazil, Russia, Germany, and Japan. The raw pet food market in the United States grew in 2019 despite its maturity and large size. Steady growth in pet product e-commerce aided the entire market, but an extraordinary growth in raw pet food sales through mass channels boosted the entire market. The 22 percent of the world's raw pet food market is in the second biggest region in Western Europe. Pet care sales in Western Europe are divided between dog foods, cats, and raw pet food s, which is 2% higher than in Eastern Europe, where cat food is dominant and growth rates over 4%. This results in growth possibilities in the European market for raw pet food that had a $21.5 billion opportunity from 2018. In addition, in the 2019 to 2026 projection period, demand for raw pet food is expected to expand by 2.1 % in Europe at a compound annual growth rate (CAGR). 49 % of individuals in the UK have a pet attributable to 11.1 million pet cats and 8.9 million pet dogs, according to the People's Dispensary for Sick Animals. Furthermore, emerging countries in the Asia Pacific and Latin America are also expected to create new opportunities for stakeholders in the raw pet food market as the pet parenting culture continues to evolve rapidly in these regions. The Middle East was the smallest region in the global raw pet food market. Global Raw Pet Food Market 2 The objective of the report is to present a comprehensive analysis of the Global Raw pet food Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Raw Raw pet food Market dynamics, structure by analyzing the market segments and project the Global Raw Raw pet food Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Raw Raw pet food Market make the report investor’s guide.

Global Raw Pet Food Market Scope: Inquire before buying

Global Raw Pet Food Market 3

Global Raw Pet Food Market by Region

• North America • Asia pacific • Europe • Middle East and Africa • South America

Global Raw Pet Food Market Key Players

• 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 • Primal Pet Foods, Inc. • Merrick Pet Care, Inc. • Castor & Pollux Natural Petworks

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