Wet Pet Food Market

Global Wet Pet Food Market Size (2024 to 2032)

The global wet pet food market size is expected to be USD 23.28 billion in 2024 and USD 35.73 billion by 2032, growing at a CAGR of 5.50% throughout the forecast period.

The wet pet food has high demand in different regions of the world due to the increasing pet adoption and the owners’ focus on pet health. Wet pet food is a recent addition to the existing dry food products for domestic animals, which plays a vital role in animal health and bone and muscle development. The presence of 70% to 80% water content in the food allows the animals to eat food without inhibition, resulting in quick absorption of required nutrients. They become an instant hit among pet owners, and the market is expected to skyrocket in the coming years.

MARKET DRIVERS

The growing awareness among the benefits of wet pet food among the pet owners is one of the significant factors propelling the growth of the global market.

Wet pet food has numerous health benefits for pets, such as easy digestion, instant energy, muscle growth, and lean mass, and this awareness among pet owners has been growing continuously over the last few years. The increasing adoption of pets in North American and European countries has created a vast market space for pet food manufacturers to develop new and exciting products to attract consumers. The rise in consumer disposable income has pushed them towards premium products that are rich in quality and offer the best nutritional value to domestic animals. The increasing demand for single and nuclear families increases the adoption of pets, which is promoting the market for different types of pet foods.

MARKET RESTRAINTS

On the contrary, the allergies caused due to the intake of certain ingredients among pets are acting as a significant restraint to the global wet pet food market. Also, the lack of proper publicity for these products in developing nations limits the rapid expansion of the market.

REPORT COVERAGE 

SEGMENTAL ANALYSIS

Global Wet Pet Food Market Analysis By Type

The dog food segment accounted for the dominant share in the global wet pet food business in the previous years and is likely to continue its dominion in the forecast period. The increasing adoption of dogs for security in both residential and commercial applications, along with the availability of numerous products results in the highest demand for wet dog food across the globe.

Global Wet Pet Food Market Analysis By Distribution Channel

The offline segment, which comprises supermarkets/hypermarkets, convenience stores, and others, accounts for the leading share in the world wet pet food market due to the various options available in a single place. However, with the increasing penetration of smartphones and the use of the internet, online retail stores are predicted to garner the highest growth rate and market revenue in the coming years.

Global Wet Pet Food Market Analysis By Application    

The residential segment holds the leading position in the international marketplace with the adoption of dogs, cats, and others by single families in developed regions. The commercial sector is also anticipated to account for a considerable market share in the future, owing to the adoption of dogs for safety and security.

REGIONAL ANALYSIS

North America Wet Pet Food Market was dominating the global business and accounted for the highest market share in 2019. The presence of key market players, rising adoption of pets, consumer demand for more healthy pet foods, and other factors are promoting market expansion in North America. Europe's Wet Pet Food Market is also showing a positive development owing to the rising living standards of the people who are allowed to spend more on pet health.

Nonetheless, the Asia-Pacific Wet Pet Food Market with countries such as China, India, Japan and South Korea is an emerging industry with a lot of growth potential. This local market has great potential for expansion of this business, particularly with the rising per capita spending and love towards domestic animals.

KEY PLAYERS IN THE WET PET FOOD MARKET 

Key market players in Wet Pet Food Market are Nestlé,De Haan Petfood, WellPet LLC, Blue Buffalo Co. Ltd, Colgate-Palmolive, Evanger’s, Monge SPA, Sunshine Mills, C&D Foods, Darling Ingredients Inc, Harrington Foods, PetGuard, Spectrum Brands

RECENT HAPPENINGS IN THE MARKET

In 2019, Tiki Pets, a leading gourmet pet food provider introduced three new wet pet food varieties for the dog, namely Tiki Dog Whole Foods, Tiki Dog Wildz, and Tiki Dog Hearty. These three variants are made without GMO products and animal by-products and include corn, wheat, soy as raw materials, along with preservatives and flavors.

DETAILED SEGMENTATION OF THE GLOBAL WET PET FOOD MARKET INCLUDED IN THIS REPORT     

This research report on the global wet pet food market has been segmented and sub-segmented based on type, distribution channel, application & region.     

By Type

• Dog Food
• Cat Food
• Others

By Application    

• Residential
• Commercial

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa