Vietnam Wet Pet Food Market

Vietnam Wet Pet Food Market Size, Share, Growth (2023-2028)

Vietnam Wet Pet Food Market is estimated to experience a moderate growth rate throughout the forecast period (2023-2028).

Vietnam Wet Pet Food Market Overview:

Pet food, which is made up of a high percentage of water, is an excellent solution to support hydration levels in domestic animals. Pet owners increasingly prefer wet pet food because it helps increase energy, build lean and lean muscle mass, and stimulate the overall growth mechanism of animals. Eating wet pet food will help to offer essential nutrients like vitamins, protein, minerals, and others to pets to maintain health Vietnam is a very emerging market. It has recently opened a space for consumption. The very low level of consumer awareness, not only regarding different products, but also based on pet health, is challenging for the animal market. The market potential can be measured by the considerable sociocultural change observed with respect to purchasing habits in Vietnam; the fact that 56% of the population is under 30 is also a positive indicator of the market. The Vietnamese market is also very specific to the area, with Ho Chi Minh City (HCMC) and the southern regions becoming the principal destinations for consumers. According to recent consumer surveys, residents of HCMC and the south are more adaptable than in the north.

Drivers and Restraints:

The rising concerns among pet owners about nutrition and health of their domestic animals are mainly driving the growth of the wet pet food market. Wet pet food usually comprise animal and plant ingredients like chicken, beef, lamb, vegetable broth, eggs and others. In addition, the percentage of water varies from 75% to 85, which makes it the best source for maintaining hydration. It also contains higher amounts of protein, fat, flavored minerals and added preservatives, making it more nutritious and tasty for pets. These nutrients provide various health benefits, such as increasing energy, building and toning muscles, and building lean mass. It also helps fight infections, perform daily activities, repair teeth and bones and improve endurance for a better metabolism. All of these benefits have increased pet owners' demand for wet pet food in Vietnam. Nowadays, pet owners are more concerned with their pet's nutrition. The change from "ownership" of pets to "breeding" has been identified as the main reason for the growth of the market. Furthermore, the growing awareness of a diet suitable for general pet health has forced buyers to opt for higher quality food products, which is likely to stimulate growth in the Vietnamese wet pet food market.

Vietnam Wet Pet Food Market Segmentation:

• by product

• distribution channel

• application 

Depending on the product, the Vietnam Wet Pet Food Market may be segmented

• dog food

• cat food

In terms of distribution channel,

• retailers

• supermarkets/hypermarkets

• specialty stores

• online 

by application

• commercial

• residential

Vietnam Wet Pet Food Market Regional Analysis:

Vietnam Wet Pet Food accounted for a considerable market share in the APAC and world, followed by candy and snack food. Busy lifestyles and increased disposable incomes have encouraged Vietnamese to prefer the packaged food for your pets. With a larger middle-class population group in Vietnam, inexpensive pet products are the largest, accounting for a remarkable market share.

Key Players

1. FirstMate Pet Foods

2. Little BigPaw

3. Mars

4. Incorporated

5. Monge SPA

6. Hill's Pet Nutrition, Inc.

7. Nestlé Purina Petcare