Contemporary Pet Meals Market within the US to Develop by USD 1.23 Billion (2024-2028), Pushed by New Product Launches, with AI Driving Market Transformation


NEW YORK, Nov. 19, 2024 /PRNewswire/ — Report with the AI impact on market trends – The fresh pet food market in us size is estimated to grow by USD 1.23 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  29.91%  during the forecast period. New product launches by vendors is driving market growth, with a trend towards expansions of fresh pet food vendors. However, lower shelf life compared with processed pet foods  poses a challenge.Key market players include A Pup Above, Artemis Pet Food Co., Carnivore Meat Co. LLC, Cooking4Canines, Darwins Natural Pet Products, Freshpet Inc., JustFoodForDogs LLC, My Perfect Pet Food Inc., Nestle SA, NomNomNow Inc., Ollie, Pauls Custom Pet Food LLC, Pet Plate, Pet Honesty, Primal Pet Foods Inc., Raised Right Pets LP, Spot and Tango, The Farmers Dog Inc., The Honest Kitchen, and Rabbit Hole Hay Inc..

Technavio has announced its latest market research report titled Fresh Pet Food Market in US 2024-2028
Technavio has announced its latest market research report titled Fresh Pet Food Market in US 2024-2028

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Fresh Pet Food Market In US Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 29.91%

Market growth 2024-2028

USD 1233.81 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

28.12

Regional analysis

US

Performing market contribution

North America at 100%

Key countries

US and North America

Key companies profiled

A Pup Above, Artemis Pet Food Co., Carnivore Meat Co. LLC, Cooking4Canines, Darwins Natural Pet Products, Freshpet Inc., JustFoodForDogs LLC, My Perfect Pet Food Inc., Nestle SA, NomNomNow Inc., Ollie, Pauls Custom Pet Food LLC, Pet Plate, Pet Honesty, Primal Pet Foods Inc., Raised Right Pets LP, Spot and Tango, The Farmers Dog Inc., The Honest Kitchen, and Rabbit Hole Hay Inc.

Market Driver

The pet food market in the US is witnessing a shift towards fresh, high-quality ingredients as pet owners prioritize their companion animals’ health. Artificial preservatives, additives, fillers, and byproducts are being replaced with human-grade foods, such as poultry, fish, vegetables, and fruits. Established suppliers are meeting this demand with offerings that cater to various dietary needs, including grain-free, hypoallergenic, and organic food choices. The pet food market is segmented into dog food and cat food, with the former holding a larger share. The offline market includes pet specialty stores, pet clubs, vet clinics, and convenience stores, while e-commerce and online platforms are gaining popularity due to their convenience. The regulatory environment is crucial, ensuring label accuracy, production processes, and quality nutrition. Shelf life and convenience level are also important factors, with personalization and customization becoming recent fads. Pet food producers are focusing on minimally processed ingredients, nutritionally tailored meals, and customized pet nutrition using human-quality ingredients. Lean meats, whole food sources, and senior pet foods are popular choices. Personalized meal plans, subscription services, and delivery services are also on the rise. Pet parents are increasingly discerning, seeking premium pet food that meets their pets’ nutritional requirements and addresses specific health issues. Traditional pet diets are being replaced with fresh, natural alternatives, reflecting the growing trend towards providing our companion animals with the best possible care.



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