Vietnam Wet Pet Food Market Analysis 2022 - 2027:
Vietnam Wet Pet Food Market is estimated to experience a moderate growth rate throughout the forecast period (2022 - 2027). Pet food, which is made up of a high percentage of water, is an excellent solution to support hydration levels in domestic animals. Pet owners increasingly prefer wet pet food because it helps increase energy, build lean and lean muscle mass, and stimulate the overall growth mechanism of animals. Eating wet pet food will help to offer the essential nutrients like vitamins, protein, minerals, and others to pets to maintain health Vietnam is a very emerging market and has recently opened a space for consumption. The very low level of consumer awareness, not only regarding different products, but also based on pet health, is challenging for the animal market. Market potential can be measured by the considerable sociocultural change observed with respect to purchasing habits in Vietnam; the fact that 56% of the population is under the age of 30 is also a positive indicator for the market. The Vietnamese market is also very specific to the area, with Ho Chi Minh City (HCMC) and the southern regions becoming the principal destinations for consumers. According to recent consumer surveys, residents of HCMC and the south are more adaptable than in the north.
Market Drivers and Restraints:
The rising concerns among pet owners about nutrition and health of their domestic animals are mainly driving the growth of the wet pet food market. Wet pet food usually comprise animal and plant ingredients like chicken, beef, lamb, vegetable broth, eggs and others. In addition, the percentage of water varies from 75% to 85, which makes it the best source for maintaining hydration. It also contains higher amounts of protein and fat, flavored minerals and added preservatives, making it more nutritious and tasty for pets. These nutrients provide various health benefits, such as increasing energy, building and toning muscles, and building lean mass. It also helps fight infections, perform daily activities, repair teeth and bones and improve endurance for a better metabolism. All of these benefits have increased pet owners' demand for wet pet food in Vietnam. Nowadays, pet owners are more concerned with their pet's nutrition. The change from "ownership" of pets to "breeding" has been identified as the main reason for the growth of the market. Furthermore, the growing awareness of a diet suitable for general pet health has forced buyers to opt for higher quality food products, which is likely to stimulate growth in the Vietnamese wet pet food market.
The Vietnam Wet Pet Food Market can be segmented by product, distribution channel, application and geography.
Depending on the product, the Vietnam Wet Pet Food Market may be segmented into dog food, cat food, and more. The dog food segment dominates the local market.
In terms of distribution channel, the Vietnam market can be into retailers, supermarkets/hypermarkets, specialty stores, online and others.
Depending on the application, the Vietnamese wet pet food market can be classified as commercial and residential. Of these, the residential segment registered the most significant portion in the local business.
Vietnam Wet Pet Food accounted for a considerable market share in the APAC and world, followed by candy and snack food. Busy lifestyles and increased disposable incomes have encouraged Vietnamese to prefer the packaged food for your pets. With a larger middle-class population group in Vietnam, inexpensive pet products are the largest, accounting for a remarkable market share.
Mars Inc. is the leading company in the market, with its early entry and longstanding lead, it had earned consumer loyalty and holds the largest share of the market.
The Vietnam Wet Pet Food Market is concentrated with well-established players. Key players in the Vietnam Wet Pet Food Market include De Haan Petfood, FirstMate Pet Foods, Little BigPaw, Mars, Incorporated, Monge SPA, Hill's Pet Nutrition, Inc., and Nestlé Purina Petcare, among others
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
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Wet Pet Food Market, By Product
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 Application
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 Distribution Channel
6.3.3 Specialty Stores
6.3.5 Market Size Estimations & Forecasts (2019-2024)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 Asia Pacific
7.2.1 By Country
22.214.171.124 South Korea
126.96.36.199 South East Asia
188.8.131.52 Australia & NZ
184.108.40.206 Rest of Asia-Pacific
7.2.2 By Product
7.2.3 By Application
7.2.4 By Distribution Channel
8. Key Player Analysis
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Proctor & Gamble Co
8.3 Del Monte Foods Co
8.4 Mars Inc
8.5 HILL’s Pet Nutrition
8.6 De Haan Petfood
8.7 FirstMate Pet Foods
8.8 Monge SPA
8.9 Little BigPaw
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
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