Report : Asia Pacific Wet Pet Food Market to 2027 - Regional Analysis and Forecasts by Product (Dog Food, Cat Food, Others); Packaging Type (Canned, Pouches, Others); Distribution Channel (Supermarkets and Hypermarkets, Specialized Pet Shops, Online, Others), and Country
Growing customization of wet pet food by pet owners to escalate the Asia Pacific wet pet food market at a CAGR of 5.8%
Latest market study on "Asia Pacific Wet Pet Food Market to 2027 – Analysis and Forecasts by Product (Dog Food, Cat Food, Others); Packaging Type (Canned, Pouches, Others); Distribution Channel (Supermarkets and Hypermarkets, Specialized Pet Shops, Online, Others), and Country". Pet food, which is composed of a high percentage of water, ranging between 75% and 85%, along with other dry ingredients, is termed as wet pet food. The wet pet food is increasingly being preferred by pet owners as they help to boosts energy, builds muscles and lean mass, and stimulates the overall growth mechanism in animals. Consumption of wet pet food helps to provide the necessary nutrients such as proteins, vitamins, and minerals to pets to keep them healthy and hydrated. Moreover, such kinds of foods are considered as an ideal option for pets who cannot chew properly due to missing teeth, improper adjustment of jaws, or other related pet concerns. Such advantages offered by wet pet food makes them a popular and attractive option and the best source of hydration.
The Asia Pacific wet pet food market is accounted to US$ 3,670.4 Mn in 2018 and is expected to grow at a CAGR of 5.8% during the forecast period 2019 – 2027, to account to US$ 6,079.9 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Though there are multiple wet pet food products available in the market, customization of food for a pet has been identified as the latest trend in the wet pet food market. Just like humans, pets can be picky eaters and would require appropriate food intake to meet the daily nutritional requirements for maintaining overall health. For instance, malnourished pets are susceptible to diseases, hair loss, dry skin, poor eyesight, weak bones, and teeth, as well as are at high risk of developing arthritis. On the other hand, obese pets can face issues such as respiratory and heart diseases, osteoarthritis, type 2 diabetes, and high blood pressure. Also, the amount of calories required by each pet is different depending upon the activity level and weight. Thus daily nutritional requirements of each pet is different giving rise to customization of pet food. Moreover, concerns about preventive health care for their pets have encouraged pet owners to customize the diet for their pets. They are adding raw vegetables or fruits into wet pet food to meet the nutritional requirements for their pets. Growing customization of wet pet food by pet owners is expected to open new avenues for pet food manufacturers. Additionally, growing concerns related to pet health have raised the demand for pet food products, which improves the overall health of pet animals. Pet owners nowadays are paying more attention to pet nutrition and taking extra efforts to search for suitable and appropriate food products for their pets.
The market for Asia Pacific wet pet food is concentrated with some very well-established players. Some of the key players in the Asia Pacific wet pet food market include De Haan Petfood, FirstMate Pet Foods, Little BigPaw, Mars, Incorporated, Monge SPA, Hill's Pet Nutrition, Inc., and Nestlé Purina Petcare amongst the others.
Asia Pacific Wet Pet Food Market - By Country Breakdown, 2018
The report segments the Asia Pacific wet pet food market as follows:
Wet Pet Food Market, by Product