United States Wet Pet Food Market is estimated to experience a remarkable growth rate throughout the forecast period (2023-2028).
Wet pet food mainly comprises water and other ingredients, and the percentage of water ranges from 75% to 85% in the whole product. Wet pet food offers several benefits to pets as it stimulates energy, strengthens and tones muscles, and develops lean mass. It is considered as the rich source of hydration that can meet the demand for water in pets. However, given the animal's health, wet food is the preferred choice for pet owners. It ensures that all the protein, vitamins and minerals essential for good health and hydration reaches the pets. Wet food is ideal for young animals that cannot chew due to missing teeth, poorly fitted jaws, or small mouths. These benefits and features promote the US wet pet food market size.
The growing focus on humanization of pets, in which more care and hygiene are offered to pets, is proving to be a principal driver for the US wet pet food market and is leading to major changes in product packaging and resource endowments ethically viable products. The rise of private labels that are introducing distinct and indigenous products, and the increasing density of nuclear families are the other drivers of the local market. The growing penetration in the e-commerce sector is proving to be a great opportunity for low-cost commercialization of the range of innovative and new products developed by startup companies. The wet pet food markets of the United States are characterized by their high level of consolidation, their low dependence on imports and their strong competition; more than 70% of pet products are produced by five companies and more than 85% of their domestic needs are met by national manufacturers. This has created a huge barrier to entry for new players, which is a major limitation for the local business. Markets accomplish this by developing local manufacturers and creating numerous private label stores. The increasing incidence of obesity in pets is forcing most consumers to limit the content of calories and food, and this turns out to be a shock absorber for the industry. Other limitations include increased allergic reactions to pets, fierce competition from online providers, government regulations, and a tough economy.
United States Wet Pet Food Market Segmentation:
by product
dog food
cat food
others
By application
residential
commercial
The US wet pet food market has been divided into retail, supermarkets and hypermarkets, specialty stores, online and others by distribution channel. Supermarkets and hypermarkets have dominated the local market, while online is expected to represent a significant part of the USA wet pet food market in future. The availability of wet pet food at the door and at greatly reduced prices should support the growth of the wet pet food market in this vicinity.
The US has become one of the most important markets for wet pet food after Asia Pacific. Regional demand for wet pet food is primarily due to increased consumer awareness of the beneficial impact on pet health, as well as a growing trend toward humanization of pets. The growth of Gen Y pet adoption is expected to support market growth. As per the American Association for Pet Products (APPA), around 38% population in the United States has cats and dogs.
Key Players
Nestlé
Proctor & Gamble Co.
Del Monte Foods Co
Mars Inc
HILL’s Pet Nutrition
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