Wet Pet Food Market Size to grow by USD 11014.1 million between 2024-2028
According to a research report “ Wet Pet Food Market” by Product (Cat food, Dog food, Others) Distribution Channel (Pet-specialty stores and vet clinics, Supermarkets and hypermarkets, Convenience stores, Others) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 11014.1 million, at a CAGR of 6.99% during the forecast period. The benefits of pet ownership are well-documented and significant from a public health perspective. According to the Centers for Disease Control and Prevention (CDC), pets can contribute to improved cardiovascular health, particularly for individuals with high blood pressure (BP). Studies indicate that pet ownership can lead to lower BP levels, especially in hypersensitive patients. Furthermore, pets can help strengthen children's immune systems and aid in their emotional development. Additionally, pets have been shown to help their owners recover more quickly from stress, leading to overall improved mental and emotional well-being. Dogs, as companion animals, are capable of interpreting human emotions through body language, tone of voice, and gestures, making them valuable companions for individuals seeking emotional support..
Browse market data tables, figures, and in-depth TOC on “Wet Pet Food Market” by Product (Cat food, Dog food, Others) Distribution Channel (Pet-specialty stores and vet clinics, Supermarkets and hypermarkets, Convenience stores, Others) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Product, the Cat food segment is projected to dominate the market size in 2024
In the wet pet food market, the demand is projected to expand at a modest pace over the forecast period. Wet cat foods serve a dual purpose for felines, providing both essential nutrition and hydration. Older cats, in particular, benefit from wet foods due to their easier chewing texture and richer smell and flavor, which becomes increasingly important as they lose their olfactory senses. Additionally, wet foods cater to the nutritional needs of sick cats, those with dental issues, or cats that struggle to digest dry food effectively.
By Distribution Channel, Pet-specialty stores and vet clinics segment is expected to hold the largest market size for the year 2024
In the global pet market, pet specialty stores serve as significant retail channels, providing a diverse selection of wet pet food offerings from various brands and price points. These establishments cater not only to pet food but also encompass pet-related items such as healthcare, dietary supplements, treats, and accessories. Notably, countries like the United States, the United Kingdom, and China host a substantial number of these specialized retailers. For instance, PetSmart, with a robust presence of 1,669 locations in North America as of March 2022, is the leading pet specialty retail network. Petco Health and Wellness Company, Inc., another prominent player, operates approximately 1,500 stores across the United States, Mexico, and Puerto Rico, as of 2022.
North America is forecasted to hold the largest market size by region in 2024
The Wet Pet Food Market represents a significant revenue stream in the global pet care industry. This market segment is characterized by a growing consumer preference for premium, high-quality products that cater to the nutritional needs of pets. Key trends include the rise of e-commerce platforms, increasing demand for grain-free and natural ingredients, and the emergence of regional players. Companies are investing in research and development to launch innovative products and expand their market share. The market is projected to experience steady growth in the coming years due to these factors.
The Wet Pet Food Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
Title: Wet Pet Food Market: Lamb, Beef, Vegan, and More - Trends and Insights for Cats and Dogs The wet pet food market is a dynamic and diverse industry, catering to the unique dietary needs of cats and dogs. With offerings ranging from lamb and beef to vegan options, diet suppliers continue to innovate and meet the demands of pet owners. For non-vegan pet owners, lamb and beef are popular protein sources, providing essential amino acids for a balanced diet. Veterinarians often recommend wet food for cats, as it helps prevent dental problems. However, some pet owners prefer dry food due to its convenience and carbohydrate content, which can come from grains or alternative sources. Vegan pet food options have gained traction, appealing to those who wish to minimize their environmental footprint through eco-friendly practices and sustainability. Wet food, in particular, can be a good choice for vegan cats and dogs, as it often contains added vitamins and minerals. Premium offerings in the wet pet food market reflect the humanization of pets, with high protein content and a focus on natural ingredients. Carbohydrates, whether from grains or alternative sources, contribute to energy levels and overall health. Regardless of the specific dietary needs of your pets, the wet pet food market offers a wealth of options to keep them happy and healthy.
Market Research Overview
The wet pet food market is experiencing significant growth due to various factors including the rise of veganism, changing consumer preferences, and increasing pet ownership rates. With more millennials adopting pets, there is a growing demand for vegan options and natural pet food made with whole grains, vitamins, and minerals. For non-vegan options, popular protein sources include salmon, chicken, lamb, and beef. Veterinarians and diet suppliers emphasize the importance of proper nutrition for pet health, especially for senior pets with arthritis, who may benefit from glucosamine and other supplements. Wet pet food can help address dental problems and improve digestibility, nutrient absorption, and taste and aroma. Pet humanization and urbanization have led to a focus on premium offerings, eco-friendly practices, and sustainability. However, price sensitivity remains a concern for some pet owners, leading to the popularity of online platforms and digital avenues for purchasing pet food. The animal feed industry is responding with a range of offerings, from dry pet food to wet food, catering to the diverse needs of cats, dogs, and even birds. Environmental concerns are also driving innovation, with a focus on reducing the use of single-use plastics and minimizing the carbon footprint of pet food production. Brand loyalty and customer satisfaction remain key factors in the market, with many pet owners prioritizing high-quality, natural ingredients and eco-friendly practices.
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