The Global Wet Pet Food Market Size was valued at USD 24.4 Billion in 2022 and the Worldwide Wet Pet Food Market Size is predicted to succeed in USD 36.5 Billion by 2032, in response to a analysis report revealed by Spherical Insights & Consulting. Companies Covered: Nestlé, Mars, Incorporated , Colgate-Palmolive Company , Unicharm Corporation, Thai Union Group PCL, Charoen Pokphand Foods PCL , General Mills Inc., The J.M. Smucker Company , Better Choice Company, Real Pet Food Co, MONGE SPA P.IVA , Schell & Kampeter, Inc., Inaba-Petfood Co., Ltd., Sunshine Mills, Inc., And different key venders
New York, United States , Dec. 04, 2023 (GLOBE NEWSWIRE) — The Global Wet Pet Food Market Size is to Grow from USD 24.4 Billion in 2022 to USD 36.5 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 4.1% throughout the projected interval.
The world moist pet meals market is a rising trade devoted to the manufacture and sale of moist, canned, or pouched meals merchandise designed particularly for pets, primarily dogs and cats. Wet pet meals, often known as canned pet meals, is distinguished by its excessive moisture content material, which usually ranges between 70% and 85%, making it an vital supply of hydration in addition to diet for pets. This sector of the pet meals trade provides a variety of merchandise, together with flavors, formulations, and dietary choices designed to satisfy the dietary wants of pets. The moist pet meals trade has expanded considerably as pet homeowners search easy and nutritionally balanced options for his or her dogs and cats. In protecting with the pattern of prioritizing pet well being and mimicking pure diets, this part provides a wide range of merchandise with increased protein content material and fewer carbs. Wet pet meals producers are continually innovating to supply a various vary of flavors, formulations, and specialty diets to cater to the various dietary wants and preferences of pets. These developments appeal to pet homeowners on the lookout for custom-made diet choices. Because of their increased moisture content material and premium components, moist pet meals is ceaselessly dearer than dry kibble. Price sensitivity amongst shoppers might restrict the adoption of moist pet meals, notably in areas the place pet homeowners are on a good price range.
Browse key trade insights unfold throughout 200 pages with 110 market information tables and figures & charts from the report on “Global Wet Pet Food Market Size, Share, and COVID-19 Impact Analysis, By Pet (Dogs and Cats), By Source (Animal-Based, Plant Derivatives, and Synthetic), By Distribution Channel (Pet Specialty Stores, Supermarkets/Hypermarkets, Convenience Stores, and Online), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032.”
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The dogs section accounted for a major share of the worldwide moist pet meals market in 2022.
The world moist pet meals market is split into two segments: dogs and cats. In 2022, the dogs section accounted for a large share of the worldwide moist pet meals market. Pet humanization, a give attention to pet well being, and the need to supply high-quality and palatable pet food have all contributed to the expansion of this section. Dogs are among the many hottest pets worldwide, with a big inhabitants in many alternative areas.
The animal-based section is predicted to develop on the quickest tempo within the world moist pet meals market throughout the forecast interval.
The world moist pet meals market is classed as animal-based, plant derivatives, and artificial, in response to the supply. The animal-based section, amongst these, is projected to increase on the quickest fee within the world moist pet meals market throughout the forecast interval. The animal-based section accounted for a large portion of the moist pet meals market, owing to its enchantment to pet homeowners and alignment with pets’ pure dietary wants.
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North America is anticipated to carry a major share of the worldwide moist pet meals market over the expected timeframe.
North America is predicted to account for a large portion of the worldwide moist pet meals market within the coming years. Because of excessive pet possession charges and shopper willingness to spend money on premium pet meals merchandise, North America held the most important share of the worldwide moist pet meals market. North America has historically been one of many largest markets for moist pet meals, notably within the United States and Canada. The space has a excessive fee of pet possession and a thriving pet meals trade.
During the forecast interval, Asia Pacific is projected to increase on the quickest fee within the world moist pet meals market. Because of rising pet populations and shifting shopper preferences, Asia-Pacific accounts for a rising portion of the worldwide moist pet meals market. The Asia-Pacific area’s moist pet meals market has grown quickly. Pet possession has elevated in international locations akin to China, Japan, and Australia.
Competitive Analysis:
The report provides the suitable evaluation of the important thing organizations/corporations concerned throughout the world market together with a comparative analysis based totally on their product providing, business overviews, geographic presence, enterprise methods, section market share, and SWOT evaluation. The report additionally supplies an elaborative evaluation specializing in the present information and developments of the corporations, which incorporates product improvement, improvements, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This permits for the analysis of the general competitors throughout the market. Major distributors within the Global Wet Pet Food Market embody Nestlé, Mars, Incorporated, Colgate-Palmolive Company, Unicharm Corporation, Thai Union Group PCL, Charoen Pokphand Foods PCL, General Mills Inc., The J.M. Smucker Company, Better Choice Company, Real Pet Food Co, MONGE SPA P.IVA, Schell & Kampeter, Inc., Inaba-Petfood Co., Ltd., Sunshine Mills, Inc., and Others.
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Recent Market Developments
In June 2023, Mars Petcare Australia, a division of Mars, Inc., has determined to take a position roughly USD 77 million in increasing cat meals manufacturing in Wodonga, Australia. The venture features a 7,800-square-meter facility devoted to moist cat meals manufacturing, with two manufacturing traces able to producing 25,000 tons per 12 months. With the help of the Victorian authorities, this transfer goals to satisfy present and future shopper demand, strengthen native operations, introduce new product traces, and solidify Mars Petcare’s main position within the pet meals trade.
Market Segment
This research forecasts income at world, regional, and nation ranges from 2020 to 2032. Spherical Insights has segmented the Global Wet Pet Food Market primarily based on the below-mentioned segments:
Global Wet Pet Food Market, By Pet
Global Wet Pet Food Market, By Source
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Animal-Based
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Plant Derivatives
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Synthetic
Global Wet Pet Food Market, By Distribution Channel
Global Wet Pet Food Market, Regional Analysis
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North America
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Europe
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Asia Pacific
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China
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Japan
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South Korea
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Australia
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Rest of Asia Pacific
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South America
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Brazil
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Argentina
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Rest of South America
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Middle East & Africa
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