$ 7.27 Billion Growth in Global Wet Pet Food Market During 2021-2025 | Featuring Key Vendors Including Colgate Palmolive Co., Darling Ingredients Inc., and De Haan Petfood | Technavio
NEW YORK, Feb. 24, 2021 /PRNewswire/ --
Technavio announces the release of its latest report on the wet pet food market. The market is segmented by product (wet cat food, wet dog food, and others), distribution channel, and geography (North America, Europe, APAC, South America, and MEA). Get a Free Sample Report Delivered Instantly
The report offers an in-depth analysis of recent developments, changes in market regulations, product approvals, product launches, and the market behavior across various segments.
Wet Pet Food Market: Key Findings
- Wet pet food market value to grow by USD 7.27 billion at almost 6% CAGR during 2021-2025
- 40% of market growth to originate from North America during the forecast period
- Based on the product, the wet cat food segment will offer maximum opportunities for vendors during the forecast period
- Wet pet food market is expected to have a positive impact due to the spread of COVID-19
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Wet Pet Food Market: Growth Drivers
An increase in pet ownership is one of the prime factors driving the growth of the market. The market has witnessed a significant increase in the number of pet ownership across the world, especially in countries such as India, the Philippines, Turkey, Russia, and Mexico. For instance, the average number of pets adopted is close to 700,000 each year in India. Besides, living with pets is known to alleviate blood pressure, anxiety, and stress. Also, children exposed to pets tend to have better immune systems and are more active and confident of their emotions. All these factors have resulted in a significant increase in pet ownership, which is driving the market growth.
"Increasing concept of pet humanization and the rising demand for organic wet pet food will further boost market growth during the forecast period", says a senior analyst at Technavio.
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Wet Pet Food Market: Major Vendors
Colgate Palmolive Co.
Colgate Palmolive Co. operates its business through segments such as Oral, Personal, and Home Care and Pet Nutrition. The company offers wet pet foods for cats and dogs in various pack sizes.
Darling Ingredients Inc.
Darling Ingredients Inc. operates its business through segments such s Feed Ingredients, Food Ingredients, and Fuel Ingredients. The company offers natural wet pet food and supply customized ingredients for specific solutions.
De Haan Petfood
De Haan Petfood operates its business through the Unified segment. The company offers natural wet pet food such as ROKUS, FERRY, and MIMI, and others for cats and dogs.
Related Reports on Consumer Staples Include:
Global Pet Food Market – Global pet food market is segmented by product (dry food, snacks and treats, and wet food), distribution channel (supermarkets, pet-specialty stores and vet clinics, and others), type (dog food, cat food, and other small pet food), and geography (APAC, Europe, MEA, North America, and South America). Get an Exclusive Free Sample Report
Global Organic Pet Food Market – Global organic pet food market is segmented by product (dry organic food and wet organic food), animal type (organic dog food, organic cat food, and others), and geography (APAC, Europe, MEA, North America, and South America). Get an Exclusive Free Sample Report
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