NEW YORK, Nov. 8, 2023 /PRNewswire/ — The wet pet food market measurement is predicted to develop by USD 9.73 billion from 2022 to 2027, in accordance with Technavio. In addition, the expansion momentum of the market will progress at a CAGR of 6.61% throughout the forecast interval. An enhance in pet possession is notably driving the moist pet meals market. However, components reminiscent of rising product recollects could impede market development. The market is segmented by product (cat meals, pet food, and others), distribution channel (pet-specialty shops and vet clinics, supermarkets and hypermarkets, comfort shops, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). Technavio supplies a complete report abstract describing the market measurement and forecast together with analysis methodology. The sample report is available in PDF format
Key Segment Analysis
The market share development by the cat meals section is critical throughout the forecast interval. Wet cat meals primarily cater to older cats as they’re simpler to chew. In addition, it supplies correct diet for cats. Several market gamers are launching new merchandise as a way to increase their market share. For instance, in June 2021, Mars Inc. introduced the launch of moist cat meals below its model Whiskas to increase its cat meals vary in India. Hence, such components are anticipated to gasoline the expansion of this section which in flip will drive the market development throughout the forecast interval.
To know further highlights and key factors on varied market segments and their influence in coming years, View PDF Sample Report.
Geographical Market Analysis
North America is estimated to account for 49% of the worldwide market throughout the forecast interval. There is an rising choice for moist pet meals merchandise with top quality amongst shoppers in North America. In addition, a number of authorities together with FDA regulates the protection and high quality of pet meals below the FSMA to make sure high quality management and provide chain administration. Furthermore, there may be an rising demand for premium pet merchandise as a result of issues about pet allergic reactions and higher diet. Moreover, the rising variety of ownerships of pets is fuelling the expansion of this section which in flip will drive the market development in North America throughout the forecast interval.
Company Insights
The moist pet meals market is fragmented, and the businesses are deploying natural and inorganic development methods to compete out there. The report analyzes the market’s aggressive panorama and affords data on a number of market firms, together with: C and D Foods Ltd., Champion Petfoods LP, Darling Ingredients Inc., De Haan Petfood, Evangers Dog and Cat Food Co. Inc., FirstMate Pet Foods, Freshpet Inc., Harringtons Pet Food, Hills Pet Nutrition Inc., Mars Inc., Nestle SA, Phelps Pet Products, Schell and Kampeter Inc., Simmons Foods Inc., Spectrum Brands Holdings Inc., The J.M Smucker Co., Tiernahrung Deuerer GmbH, Wellness Pet Co. Inc., Beaphar Beheer BV, and Blue Buffalo Co. Ltd.
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ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Distribution Channel
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a number one international expertise analysis and advisory firm. Their analysis and evaluation concentrate on rising market developments and supply actionable insights to assist businesses establish market alternatives and develop efficient methods to optimize their market positions.
With over 500 specialised analysts, Technavio’s report library consists of greater than 17,000 reviews and counting, overlaying 800 applied sciences, spanning throughout 50 nations. Their consumer base consists of enterprises of all sizes, together with greater than 100 Fortune 500 firms. This rising consumer base depends on Technavio’s complete protection, intensive analysis, and actionable market insights to establish alternatives in present and potential markets and assess their aggressive positions inside altering market situations.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
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SOURCE Technavio
