Japan Wet Pet Food Market Research Analysis 2020-2025:
Animal feed, which consists of a high percentage of water, between 75% and 85%, together with other dry ingredients, is called wet pet food. It is often high in protein and fat and provides energy and essential nutrients necessary for metabolism.
The Japan Wet Pet Food Market was estimated at USD x.xx billion in 2019 and is expected to reach over USD x.xx billion, recording a considerable CAGR throughout the forecast period (2020-2025).
Recent Developments
Mars, Incorporated and Doane Pet Care Company, a Nashville, Tennessee-based manufacturer of dry pet foods, announced that the former had entered into an agreement to acquire Doane's parent company, Doane Pet Care, Inc.
In April 2020, Nestlé Purina PetCare acquired the Lily’s Kitchen natural pet food brand, the UK's leading producer of natural wet and dry dog and cat foods. Their product line perfectly complements Purina's existing brand portfolio. Lily's Kitchen that was established 12 years ago in London has grown into an internationally recognized £ 85 million retail brand1.
The purchase of Ainsworth Pet Nutrition LLC in 2018 has been the leading driver of JM Smucker Co.'s performance for the fiscal year 2019. The company's other business units: US Retail Coffee, US Retail Consumer Foods and International, and Far From Home year.
Market Drivers and Restraints:
Japanese customers spent more money on premium wet cat food. Cats are gaining popularity, especially in more densely populated areas. Generally considered less demanding than dogs, they are considered good companions. Gourmet cat products are essential for growth stimulation as cat owners are increasingly feeding their cats premium treats as well and mixers have seen exciting growth, but mixers remain a niche category.
Market Segmentation:
The Japan Wet Pet Food Market is estimated to register prominent market share, where the cat food segment is expected to experience the fastest growth. Dogs are one of the favorite foods of wet pets in Japan.
The Japan Wet Pet Food Market is segmented by distribution channel into offline retailers and online retailers. The supermarkets and hypermarkets segment of the offline retailers segment in the Japan Wet Pet Food Market is estimated to have dominant market share, while the online retailers segment is estimated to grow at the fastest rate. Supermarkets and hypermarkets are convenience stores that offer a wide variety of pet products, such as pet food, pet toys, pet houses, and more pet health care products. This also includes mass merchants, discount stores, or masses/clubs. A wide range of these products are placed in eye-catching assortments on shelves and organized sections to attract customers.
By application, the regional wet pet food market is mainly bifurcated into residential and commercial. Of these, the residential segment accounts for a leading share in the Japanese market.
Impact of covid-19 on Japan Wet Pet Food Market
While food and beverage manufacturers and processors are more likely to be affected by a shortage of labor and raw materials necessary for the production process, food and beverage establishments must be facing more intense challenges from the start. Also, all its associated industries like wet pet food also had a severe impact of the coronavirus. The stringent lockdown conditions across the area resulted in the closure of production units and disruption in supply chain, which led to a decline in sales and revenue of wet pet food market in Japan. However, the market is supposed to resume to its normal condition as Japan is among the nations that successfully controlled the spread of COVID-19 effectively.
Regional Analysis:
The leading distribution channel for pet food in Japan is mainly because of imports; specialty pet food and in few cases, secondary wholesaler providers to retailers. In the case of Japanese manufacturers that have production facilities abroad, the products are imported directly within the company or through its subsidiaries, and then distributed to retailers through wholesalers as described above. Although there are cases where retailers buy directly from importers, these cases are limited. Supermarkets and pharmacies are also important players in the distribution of pet food in Japan.
Leading Company
Mars Inc. had the most substantial share of the Japan Wet Pet Food Market in terms of sales and revenue in 2019.
Key Players
The Japan Wet Pet Food Market is concentrated with well-established players. Some of the prominent names in the local market are Nutriara Alimentos Ltd., Mars Inc., Maruha Nichiro Holdings Inc, Colgate Palmolive (Hill's Pet Nutrition), and Nestle SA (Purina).
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Wet Pet Food Market, By Type
6.1.1 Dog Food
6.1.2 Cat Food
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Wet Pet Food Market, By Distribution Channel
6.2.1 Offline Retailers
6.2.2 Online Retailers
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Wet Pet Food Market, By Application
6.3.1 Residential
6.3.2 Commercial
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Type
7.2.3 By Distribution Channel
7.2.4 By Application
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Type
7.3.3 By Distribution Channel
7.3.4 By Application
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Distribution Channel
7.4.4 By Application
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Type
7.5.3 By Distribution Channel
7.5.4 By Application
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Type
7.6.3 By Distribution Channel
7.6.4 By Application
8. Key Player Analysis
8.1 Nestlé
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 De Haan Petfood
8.3 WellPet LLC
8.4 Blue Buffalo Co. Ltd.
8.5 Colgate-Palmolive
8.6 Spectrum Brands
8.7 Tiki Pets
8.8 Sunshine Mills
8.9 Evanger’s
8.10 Monge SPA
8.11 Harrington Foods
8.12 Unicharm
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
