Wet Pet Food Market Records 6% CAGR by 2025 | 40% of growth will come from North America | 17,000+ Technavio reports

NEW YORK, January 7, 2022 / PRNewswire / – 40% of growth will come from North America for the wet pet food market. The United States is the key market for wet pet food in North America. Market growth in this region will be faster than market growth in Europe, South America, and MEA. The humanization of companion animals is driving demand for the wet pet food market in the Americas. As people continue to humanize their pets, the demand for natural, grain-free and raw diets increases. Consumers in the Americas are knowledgeable and, therefore, scrutinize the quality and sourcing of wet pet food ingredients. The wet pet food market is expected to grow by $ 7.27 billion at 6% CAGR from 2020 to 2025, according to Technavio’s latest research report.

Attractive Opportunities in the Wet Pet Food Market by Product, Distribution Channel and Geography – Forecast and Analysis 2021-2025

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The wet pet food market covers the following areas:

Wet Pet Food Market – Driver
Living with pets has been linked with significant health benefits, such as reduced blood pressure, anxiety, and stress. Children exposed to pets at a young age tend to have strong immune systems. Pet owners tend to have milder reactions / faster recovery from stress. Dogs as pets become familiar with human behavior and emotions and can understand certain words and interpret tone of voice, gestures and body language. The presence of companion dogs is said to reduce anxiety, stress and depression; cure loneliness; improve cardiovascular health and encourage physical exercise. Children who care for dogs are more active and more confident in their emotions. Dogs are great companions for the elderly. the awareness of the health benefits of taking care of a pet has resulted in a significant increase in the number of pet owners which will drive the growth of the wet pet food market.

Wet Pet Food Market – Challenge
the increased cases of animal allergies among consumers are one of the challenges restraining the growth of the global wet pet food market. Cryptosporidiosis and other diseases of pets are often transmitted to humans, especially children. Some of the proteins found in the saliva and urine of pet cats and dogs tend to cause skin allergies in humans. Most allergies in pet owners, such as asthma and allergic rhinitis, are caused by their dogs or cats. Allergies to cats are more common than allergies to dogs. However, the dog allergy appears to be more severe. The dander, saliva and urine of pet dogs can cause abnormal reactions in the immune system of a sensitive person. Allergies to dogs can cause swelling and itching in the nose or around the eyes, redness of the skin, coughing, or even asthma attacks in pet owners. Due to these factors, people are wary of pet adoption which, in turn, will test the growth of the market.

Wet Pet Food Market – Segmentation
Technavio analyzes the market in Product (Wet cat food, Wet dog food and others) and Geography (North America, Europe, APAC, South America, and MEA). This is expected to positively impact the growth of the wet pet food market during the forecast period.

Technavio report presents a detailed picture of the market through the study, synthesis, and summation of data from multiple sources through analysis of key parameters.

Companies mentioned
the wet pet food market is fragmented, and suppliers deploy growth strategies such as those based on price, innovation, quality, distribution and reputation to compete in the market.

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Associated reports:
Frozen and Freeze-Dried Pet Food Market –The frozen and freeze-dried pet food market share is expected to increase by USD 2.06 billion from 2021 to 2026, and the market growth momentum will accelerate at a CAGR of 10.41%. Download a Free Sample Report Now!

Pet Food Market –The size of the pet food market has the potential to grow by $ 36.11 billion during the period 2020-2024, and the growth dynamics of the market will accelerate during the forecast period owing to the constant increase in growth year on year. Download a free sample now!

Scope of the Wet Pet Food Market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a 6% CAGR

Market growth 2021-2025

$ 7.27 billion

Market structure

Fragmented

Annual growth (%)

4.67

Regional analysis

North America, Europe, APAC, South America and MEA

Efficient contribution to the market

North America at 40%

Main consumer countries

United States, United Kingdom, France, Japan and Germany

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Colgate Palmolive Co., Darling Ingredients Inc., De Haan Petfood, Evangers Dog and Cat Food Co. Inc., General Mills Inc., Harringtons Pet Food, Mars Inc., Nestlé SA, PetGuard Holdings LLC and Spectrum Brands Holdings Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period,

Customization

If our report did not include the data you are looking for, you can reach out to our analysts and get custom segments

About Us
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

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