Report : North America 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 preference of pet owners toward buying superior pet food products to escalate the North America wet pet food market at a CAGR of 5.6%
Latest market study on "North America 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 North America wet pet food market is accounted to US$ 8,880.9 Mn in 2018 and is expected to grow at a CAGR of 5.6% during the forecast period 2019 – 2027, to account to US$ 14,453.4 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.
Growing concerns among pet owners about pet nutrition and health are primarily driving the growth of the wet pet food market. Wet pet food contains animal and plant derivatives such as chicken, beef, lamb, meat broth, vegetable broth, and eggs. Also, the percentage of water ranges from 75% to 85%. Wet pet food is the best source of hydration. It also contains higher amounts of proteins and fats, minerals with added flavours and preservatives, making it more nutritional and tasty for pets. These nutrients offer various health benefits such as boosts energy, builds and tones muscles, and builds lean mass. It also helps fight infection, perform daily activities, repair teeth and bones, and improve stamina for better metabolism. All these advantages have raised the demand for wet pet food among pet owners. Nowadays, pet owners are more concern about their pet's nutrition. The shift in pet “ownership” to “parenting” has been identified as the major reason driving the growth of the market. Moreover, growing awareness about adequate diet for pet's overall health has forced buyers to opt for superior food products, which is likely to drive the growth of the wet pet food market. 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. Increasing pet owner's awareness regarding pet food products and ingredients used in it has forced manufacturers to introduce new and innovative pet food products catering to their needs.
The market for North America wet pet food is concentrated with some very well-established players. Some of the key players in the North America wet pet food market include Blue Buffalo Co., Ltd., FirstMate Pet Foods, Little BigPaw, Mars, Incorporated, Monge SPA, Petguard Holdings, Llc, Hill's Pet Nutrition, Inc., Nestlé Purina Petcare, and Butcher's Pet Care amongst the others.
North America Wet Pet Food Market - By Country Breakdown, 2018
The report segments the North America wet pet food market as follows:
Wet Pet Food Market, by Product