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.
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.
Request a sample report at: https://www.alliedmarketresearch.com/request-sample/3505
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.
To inquire about purchasing, visit: https://www.alliedmarketresearch.com/purchase-enquiry/3505
Market Leading Players:-
Avenue Library Subscription | Request a 14-day free trial before purchasing: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Functional Pet Food Market: Global Opportunity Analysis and Industry Forecast, 2021-2030
Pet Care Products Market: Global Opportunity Analysis and Industry Forecast, 2018-2025
Automatic Dog Feeding Market: Global Opportunity Analysis and Industry Forecast, 2021-2030
Pet Food Supplements Market: Global Opportunity Analysis and Industry Forecast, 2021-2027
information about us:
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.
We are in professional institutional relationships with many companies and this helps us extract market data that helps us in creating accurate research spreadsheets and assures the utmost accuracy in our market forecasts. All the data presented in the reports published by us are extracted through preliminary interviews with senior officials from the leading companies in the respective field. Our secondary data acquisition methodology includes in-depth online and offline research and discussions with industry knowledgeable professionals and analysts.
5933 NE Win Sivers Drive
#205, Portland, or 97220
United States of America
Toll Free: 1-800-792-5285
United Kingdom: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow us on: LinkedIn Twitter
View original content: https://www.prnewswire.com/news-releases/wet-cat-food-market-to-reach-7-9-billion-globally-by-2030-at-5-7-cagr- allied-market-research-301408494.html
SOURCE Allied Market Research