The global wet pet food market to grow at a CAGR of 5.66% during the period 2017-2021.
Global Wet Pet Food Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers sale of wet pet food products to individual consumers.
One trend in the market is premiumization of wet pet food products. Pet owners are increasingly buying premium products for their pets, as they consider pets as a part of their family and want to provide them with the best. Childless couples and single parents are adopting pets. To ensure the pets receive appropriate nutrition and care, the pet owners are willing to pay a premium for good-quality pet care products including food, supplements, and grooming items.
According to the report, one driver in the market is increase in pet ownership. Living with pets has been linked to significant health benefits like 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 responses to/quicker recovery from stress.
Further, the report states that one challenge in the market is increasing instances of pet allergies among owners. The increasing instances of pet allergies among consumers is one of the challenges inhibiting the growth of global wet pet food market. Cryptosporidiosis and other pet diseases are often transmitted to humans, especially children.
Other prominent vendors
De Haan Petfood
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Market segmentation by distribution channel