Wet Pet Food Trends and Forecast
The future of the global wet pet food market looks promising with opportunities in the pet specialty store, supermarkets/hypermarket, and convenience store markets. The global wet pet food market is expected to reach an estimated $26.0 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are swift rise in the number of pets, improved palatability and digestibility of dried food for cats, rising pet ownership and humanization, and growing demand for specialty diets.Wet Pet Food by Segment
The study includes a forecast for the global wet pet food by pet, source, distribution channel, and region.Wet Pet Food Market by Pet [Shipment Analysis by Value from 2018 to 2030]:
- Dogs
- Cats
Wet Pet Food Market by Source [Shipment Analysis by Value from 2018 to 2030]:
- Animal-Based
- Plant Derivatives
- Synthetic
Wet Pet Food Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
- Pet Specialty Stores
- Supermarkets/Hypermarkets
- Convenience Stores
- Online
Wet Pet Food Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Wet Pet Food Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies wet pet food companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the wet pet food companies profiled in this report include:- Nestlé
- Mars
- Colgate-Palmolive Company
- Unicharm Corporation
- Thai Union Group
- Charoen Pokphand Foods
- General Mills
- The J.M. Smucker Company
- Better Choice Company
- Real Pet Food
Wet Pet Food Market Insights
The report forecasts that animal-based will remain the largest segment over the forecast period.Within this market, specialty stores will remain the largest segment.
APAC is expected to witness the highest growth over the forecast period due to rising number of households adopting dogs and cats as integral members of their families.
Features of the Global Wet Pet Food Market
- Market Size Estimates: Wet pet food market size estimation in terms of value ($B).- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Wet pet food market size by pet, source, distribution channel, and region in terms of value ($B).
- Regional Analysis: Wet pet food market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different pet, source, distribution channel, and regions for the wet pet food market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the wet pet food market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the wet pet food market size?Answer: The global wet pet food market is expected to reach an estimated $26.0 billion by 2030.
Q2. What is the growth forecast for wet pet food market?
Answer: The global wet pet food market is expected to grow with a CAGR of 5.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the wet pet food market?
Answer: The major drivers for this market are swift rise in the number of pets, improved palatability and digestibility of dried food for cats, rising pet ownership and humanization, and growing demand for specialty diets.
Q4. What are the major segments for wet pet food market?
Answer: The future of the global wet pet food market looks promising with opportunities in the pet specialty store, supermarkets/hypermarket, and convenience store markets.
Q5. Who are the key wet pet food market companies?
Answer: Some of the key wet pet food companies are as follows:
- Nestlé
- Mars
- Colgate-Palmolive Company
- Unicharm Corporation
- Thai Union Group
- Charoen Pokphand Foods
- General Mills
- The J.M. Smucker Company
- Better Choice Company
- Real Pet Food
Answer: The report forecasts that animal-based will remain the largest segment over the forecast period.
Q7. In wet pet food market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period due to rising number of households adopting dogs and cats as integral members of their families.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisherl provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the wet pet food market by pet (dogs and cats), source (animal-based, plant derivatives, and synthetic), distribution channel (pet specialty stores, supermarkets/hypermarkets, convenience stores, and online), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Wet Pet Food Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Nestlé
- Mars
- Colgate-Palmolive Company
- Unicharm Corporation
- Thai Union Group
- Charoen Pokphand Foods
- General Mills
- The J.M. Smucker Company
- Better Choice Company
- Real Pet Food
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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