DUBLIN--(BUSINESS WIRE)--The "Wet Pet Food Market to 2027 - Global Analysis and Forecasts By Product; Packaging Type; Distribution Channel" report has been added to ResearchAndMarkets.com's offering.
The global wet pet food market accounted for US$ 22,218.1 Mn in 2018 and is expected to grow at a CAGR of 5.7% during the forecast period 2019 - 2027, to account for US$ 36,406.5 Mn by 2027.
Wet pet foods are a good source of hydration for pet animals that show reluctance towards drinking adequate amounts of water. The contents of wet pet foods usually include chunks in gravy, chunks in jelly, casserole and meatloaf formats. The wet pet food is increasingly being preferred by pet owners as they help to boosts energy, builds muscles and lean mass, and stimulates the overall growth mechanism in animals. Consumption of wet pet food helps to provide the necessary nutrients such as proteins, vitamins, and minerals and keep pet healthy and hydrated. Moreover, such kinds of foods are considered as an ideal option for pets who cannot chew properly due to missing teeth, improper adjustment of jaws, or other related pet concerns. Such advantages offered by wet pet food makes them a popular and attractive option and the best source of hydration.
Based on the product, wet pet food market is segmented into dog food, cat food, and others. In 2018, the dog food segment held a considerably large share of the global wet pet food market.
The rising trend of nuclear families, rapid humanization of pets, and increased awareness about pet health have raised the demand for wet food for dogs in recent years. Furthermore, initiatives by various non-governmental organizations such as building rescue shelters, and growing compassion and care toward the health of stray dogs have driven the demand for high-quality dog food, which would, in turn, propel the sales of wet dog food.
North America holds the largest share of the global wet pet food market and is projected to maintain its dominance over the forecast period. The growth of the wet pet food market in this region is primarily attributed to the presence of a large consumer base and high pet ownership in the US. Major market players present in North America wet pet food market includes Blue Buffalo Co., Ltd., FirstMate Pet Foods, and Mars, Inc., among others. These players are constantly working towards the innovations in new product developments of wet pet food with improved characteristics and high qualities.
In the European region, the UK holds the largest share of the wet pet food market. The wet pet food demand in the UK is driven by the increasing population of pets. The pet food products have gained importance in the UK market owing increased focus of pet keepers towards healthy products along with empathy for pets. Moreover, the rise in disposable incomes of consumers in the UK has allowed the manufacturers to purchase better and healthy products for their pets in the UK.
Reasons to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global wet pet food market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
- Growing Preference Of Pet Owners Toward Buying Superior Pet Food Products
- Rising E-Commerce Sales In Developing Countries
- Stringent Government Regulations Related To Pet Food
- New Product Development
Growing Customization Of Wet Pet Food By Pet Owners
- Blue Buffalo Co., Ltd.
- De Haan Petfood
- FirstMate Pet Foods.
- Little BigPaw
- Mars, Inc.
- Monge & C. S.p.a.
- Petguard Holdings, LLC
- Hill's Pet Nutrition, Inc.
- Nestl Purina PetCare
Butcher's Pet Care
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