Dublin, December 17, 2021–(BUSINESS WIRE)–The “Wet Cat Food Market by Nature, Price Point, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to ResearchAndMarkets.com Show.
The global wet food market was valued at $4.6 billion in 2020 and is expected to reach $7.9 billion by 2030, registering a compound annual growth rate of 5.7% from 2021 to 2030.
Wet cat food contains about 10.0% water and 90% other dry ingredients. Wet cat food contains higher amounts of proteins and fats, which improves its taste. Moreover, it is easily available in the market through various distribution channels, including supermarket/hypermarket, online stores and specialty stores. Additionally, the increased penetration of online stores is expected to result in the growth of the wet cat food market, in terms of sales value, during the forecast period.
Moreover, the rise in the trend of humanizing pets is acting as a major driver of the global cat food market. Moreover, from the past few years, a rise in pet health concern has been observed among pet owners. This, in turn, has driven the growth of the wet cat food market. In addition, the rapid growth of the retail and pet store segment has driven the growth of the market.
However, lack of awareness regarding the benefits of wet cat food is expected to hamper market growth during the forecast period. On the contrary, continuous innovation in wet cat foods and increased penetration of the online retail platform is expected to provide tremendous opportunities to expand the global market during the forecast period.
This report provides a quantitative analysis of current trends, estimates, and dynamics of the global Wet Cat Food market from 2020 to 2030 to determine the predominant market opportunities.
Major countries are mapped to all major regions depending on their market share.
Porter’s Five Forces analysis highlights the power of buyers and suppliers to enable stakeholders to make profitable business decisions and to strengthen their supplier and buyer network.
An in-depth analysis of market segmentation helps to identify the prevailing market opportunities.
The major countries in each region are identified according to their revenue contribution to the global industry. The market player positioning segment facilitates benchmarking and provides a clear understanding of the current position of market players.
The report includes an analysis of the regional and global wet food market, key players, market segments, end use, and growth strategies.
Rising trend of humanization of pets
Raising awareness of pet health
Rapid growth of retail and pet stores
Traditional ways of feeding pets
Lack of awareness of the benefits of wet cat food
Increase regulation on pet food
Product innovation and increased demand for organic ingredients
Online retail platform quick hack
Increasing pet ownership in developing countries
Main market segments
By price point
By distribution channel
Supermarket / hypermarket
For more information on this report, visit https://www.researchandmarkets.com/r/v5vs14
View source version on businesswire.com: https://www.businesswire.com/news/home/20211217005480/ar/
Laura Wood, Senior Director of Press
For EST office hours, call 1-917-300-0470
For US/Canada Toll Free Call 1-800-526-8630
For GMT office hours, call +353-1-416-8900