Wet Pet Food Market Size is estimated at a CAGR of more than 5% during the foreseen period. The study shows that the Wet Pet Food Market has high demand in different regions of the world due to the increasing pet adoption and the owners’ focus on pet health.
Wet pet food is the recent addition to the existing dry food products to domestic animals, which plays a vital role in animal health and bone and muscle development. The presence of 70% to 80% of water content in the food allows the animals to eat food without inhibition, resulting in quick absorption of required nutrients. They become an instant hit among pet owners, and the market is expected to skyrocket in the coming years.
Market Recent Developments:
In 2019, Tiki Pets, a leading gourmet pet food provider introduced three new wet pet food varieties for the dog, namely Tiki Dog Whole Foods, Tiki Dog Wildz, and Tiki Dog Hearty. These three variants are made without GMO products and animal by-products and include corn, wheat, soy as raw materials, along with preservatives and flavors.
The various advantages offered by wet pet food such as easy digestion, instant energy, muscle growth, and lean mass are the major factors boosting the development of the global wet pet food market. The increasing adoption of pets in North American and European countries has created a vast market space for pet food manufacturers to develop new and exciting products to attract consumers. The rise in consumer disposable income has pushed them towards premium products that are rich in quality and offer the best nutritional values to domestic animals. The increasing demand for single and nuclear families rise the adoption of pets, which is promoting the market for different types of pet foods.
On the contrary, the allergies caused due to the intake of certain ingredients among pets are acting as a significant restraint to the global wet pet food industry. Also, the lack of proper publicity for these products in developing nations limits the rapid expansion of the business.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2020 – 2026 |
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Base Year |
2020 |
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Forecast Period |
2021 - 2026 |
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CAGR |
5% |
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Segments Covered |
By Type, By Distributional Channels, By Application, and By Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Nestlé, De Haan Petfood, WellPet LLC, Blue Buffalo Co. Ltd., Colgate-Palmolive, Evanger’s, Monge SPA, Sunshine Mills, C&D Foods, Darling Ingredients Inc, Harrington Foods, PetGuard, Spectrum Brands, Unicharm, Tiki Pets, Affinity Petcare, and Others |
By Type
The dog food segment accounted for the dominant share in the global wet pet food business in the previous years and is likely to continue its dominion in the forecast period. The increasing adoption of dogs for security in both residential and commercial applications, along with the availability of numerous products results in the highest demand for wet dog food across the globe.
By Distribution Channel
The offline segment which comprises supermarkets/hypermarkets, convenience stores, and others accounts for the leading share in the world wet pet food market due to the various options available at a single place. However, with the increasing penetration of smartphones and the use of the internet, online retail stores are predicted to garner the highest growth rate and market revenue in the coming years.
By Application
The residential segment holds the leading position in the international marketplace with the adoption of dogs, cats, and others by single families in developed regions. The commercial sector is also anticipated to account for a considerable market share in the future, owing to the adoption of dogs for safety and security.
Geographically, the global wet pet food industry is divided into the regions of North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America Wet Pet Food Market was dominating the global business and accounted for the highest market share in 2019. The presence of key market players, rising adoption of pets, consumer demand for more healthy pet foods, and other factors are promoting the market expansion in North America. Europe Wet Pet Food Market is also showing a positive development owing to the rising living standards of the people that are allowing to spend more on pet health.
Nonetheless, the Asia-Pacific Wet Pet Food Market with countries such as China, India, Japan and South Korea is an emerging industry with a lot of growth potential. This local market has great potential for expansion of this business, particularly with the rising per capita spending and love towards domestic animals.
Nestlé, De Haan Petfood, WellPet LLC, Blue Buffalo Co. Ltd., Colgate-Palmolive, Evanger’s, Monge SPA, Sunshine Mills, C&D Foods, Darling Ingredients Inc, Harrington Foods, PetGuard, Spectrum Brands, Unicharm, Tiki Pets, Affinity Petcare, and Others
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
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