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Market Growth and Forecast
The frozen and freeze-dried pet food market has seen robust growth in recent years.

• 2023 Market Size: $87.90 billion
• 2024 Projected Size: $95.68 billion (8.8% CAGR)
• 2028 Forecast Size: $135.82 billion (9.2% CAGR)

Key Growth Drivers:

• Increased awareness of pet health
• Rising trend of pet ownership
• Higher nutrient requirements and demand for advanced pet food options

Impact of Rising Pet Ownership
Pet ownership is a significant factor driving the market’s expansion.

• Increased Pet Ownership: U.S. pet ownership grew from 67% to 70% of households between 2021-2022.
• Current Statistics: 66% of U.S. households owned a pet in 2023, equating to 86.9 million households.
• Market Impact: The rise in pet ownership boosts demand for high-quality frozen and freeze-dried pet foods, enhancing pet health and convenience.

View More On The Frozen And Freeze-Dried Pet Food Market Report 2024 – https://www.thebusinessresearchcompany.com/report/frozen-and-freeze-dried-pet-food-global-market-report

Major Market Trends

1. Innovation and Technology:
   • Introduction of premium cell-based pet nutrition
   • Launch of Noochies by CULT Food Science Corp., featuring high-protein cultured foods with unique ingredients like nutritional yeast
2. Expansion and Acquisitions:
   • Thrive Foods acquired Canature to enhance its freeze-dried pet food capabilities and broaden its customer base
3. New Product Developments:
   • Focus on innovative cooking techniques and new product approvals to cater to evolving consumer preferences

Market Segmentation
The market is segmented based on various criteria:

• By Product: Frozen Pet Food, Freeze-Dried Pet Food
• By Source: Synthetic, Plant-Based, Animal-Based
• By Pet Type: Dog, Cat, Fish, Other Pet Types
• By Distribution Channel: Supermarkets or Hypermarkets, Specialty Pet Stores, Online, Other Channels

Regional Insights

• North America: Largest market in 2023
• Asia-Pacific: Expected to be the fastest-growing region

Conclusion
The frozen and freeze-dried pet food market is poised for significant growth due to rising pet ownership, increasing consumer awareness about pet nutrition, and ongoing innovations in pet food products. Major companies are capitalizing on these trends by developing new products and expanding their market reach, ensuring that the market remains dynamic and competitive.

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