Worldwide Wet Cat Food Industry to 2030 – Featuring Blue Buffalo, Diamond Pet Foods and Heristo Among Others

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.

Key Benefits

  • 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.

market dynamics

drivers

  • Rising trend of humanization of pets

  • Raising awareness of pet health

  • Rapid growth of retail and pet stores

limitations

  • Traditional ways of feeding pets

  • Lack of awareness of the benefits of wet cat food

  • Increase regulation on pet food

chances

  • Product innovation and increased demand for organic ingredients

  • Online retail platform quick hack

  • Increasing pet ownership in developing countries

Main market segments

by nature

By price point

By distribution channel

  • specialty store

  • Supermarket / hypermarket

  • Online Store

  • Aharon

by region

Company Profile

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/

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