Wet Cat Food Market to Reach $7.9 Billion, Globally, by 2030 at 5.7% CAGR: Allied Market Research

Increasing preference of cat owners to feed their cats wet food leads to the growth of the global cat food market

Portland, ore.And October 26, 2021 /PRNewswire/ – Allied Market Research has published a report titled “wet cat food market By nature (organic and conventional), price point (comprehensive and premium), and distribution channel (specialty store, supermarket/hypermarket, online store, and others): Global Opportunity Analysis and Industry Forecast, 2021-2030According to the report, the global wet food industry was born $4.6 billion In 2020, it is expected to generate 7.9 billion dollars By 2030, we could see a compound annual growth rate of 5.7% from 2021 to 2030.

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basic determinants of growth

The increasing preference of cat owners to feed their cats wet food is driving the growth of the global cat food market. However, the higher cost and lower shelf life of wet cat food compared to dry cat food are hampering market growth. On the other hand, the availability of cat treats, which are also available in wet form, offers new opportunities in the coming years.

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Covid-19 scenario

  • The outbreak of the Covid-19 epidemic has led to a global shutdown and temporary shutdown of manufacturing facilities, which has hampered the growth of the global bathroom faucets market to some extent.

  • The pandemic has affected global logistics and transportation but has had a smaller impact on the wet cat food market, as pet owners are increasingly choosing locally manufactured wet cat food products.

The traditional part to maintain its leadership position throughout the forecast period

Based on nature, the conventional segment held the highest market share in 2020, accounting for 94% of the global wet food market for cats, and is estimated to maintain its leadership position throughout the forecast period. This is mainly due to the increased awareness regarding health issues among pets, including physical and psychological disorders. Furthermore, the organic segment is expected to show the highest compound annual growth rate of 7.4% from 2021 to 2030. This is due to the increased awareness of the benefits of organic wet cat food.

Comprehensive segment to maintain its leading position during the forecast period

Based on the price point, the mass segment captured the largest share in 2020, contributing nearly three-fifths of the global wet cat food market, and is expected to maintain its leading position during the forecast period. This is due to their affordability and ease of availability at small or local pet stores. Moreover, the premium segment is expected to feature the largest compound annual growth rate of 6.1% from 2021 to 2030, due to industry players now venturing into the premium segment to cater to a new class of consumers.

Asia Pacific, followed by North Amarica, to maintain its dominance by 2030

based on the area, Asia Pacific, followed by North Amarica, which had the highest market share by revenue in 2020, and accounted for nearly two-fifths of the global wet cat food market. Moreover, this region is expected to experience the fastest compound annual growth rate of 7.1% from 2021 to 2030, due to higher disposable income, improved standard of living, and increased spending on pet health in China And India. Other areas discussed in the report include North AmaricaAnd Europeand LAMEA.

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Allied Market Research (AMR) is a full-service market research and business consulting firm of Allied Analytics LLP, headquartered in Portland, Oregon. Allied Market Research provides global organizations as well as medium and small businesses with unparalleled quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted viewpoint to provide business insights and consultancy to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR provides its services across 11 industrial sectors including life sciences, consumer goods, materials and chemicals, construction and manufacturing, food and beverages, power and energy, semiconductors and electronics, automotive and transportation, information and communications technology and media, aerospace and defense, and BFSI.

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