PORTLAND, Ore., Oct 26, 2021 / PRNewswire / – Allied Market Research released a report entitled “Wet Cat Food Market By Nature (Organic and Conventional), Price Point (Bulk and Premium), and Distribution Channel (Specialty Store, Supermarket / Hypermarket, Online Store, and. Other): Global Opportunity analysis and industry forecast, 2021–2030 “. According to the report, the global wet food industry generated for cats $ 4.6 billion in 2020 and is expected to generate $ 7.9 billion by 2030 with a CAGR of 5.7% from 2021 to 2030.
Main determinants of growth
The increasing preference of cat owners to feed their cats wet food is driving the growth of the global market for wet cat food. However, the higher cost and shorter shelf life of wet cat food compared to dry food are hampering market growth. On the other hand, the availability of cat snacks, which are also available in wet form, opens up new opportunities in the years to come.
Request sample report at: https://www.alliedmarketresearch.com/request-sample/3505
- The outbreak of the Covid-19 pandemic resulted in a worldwide lockdown and temporary closure of manufacturing facilities, which to some extent hampered the growth of the global bathroom fittings market.
- The pandemic impacted global logistics and transportation, but had less of an impact on the wet cat food market as pet owners increasingly choose locally made wet cat food products.
The conventional segment retains its leadership status over the entire forecast period
Based on nature, the conventional segment held the highest market share with 94% of the global wet cat food market in 2020 and is estimated to maintain its leadership status throughout the forecast period. This is mainly attributed to increased awareness of pet health problems, including physical and mental disorders. In addition, the organic segment is expected to have the highest CAGR of 7.4% from 2021 to 2030. This is due to increasing awareness of the benefits of organic wet cat food.
The mass segment to maintain its leading position during the forecast period
In terms of price point, the bulk segment accounted for the largest share in 2020, accounting for nearly three-fifths of the global wet cat food market and is expected to maintain its leadership position over the forecast period. This is because of their affordability and easy availability in small or local pet stores. Additionally, the premium segment is expected to have the largest CAGR of 6.1% from 2021 to 2030 as operational players in the industry now move into the premium segment to serve a new class of consumers.
Asia Pacific, followed by North Americato maintain its dominance through 2030
Depending on the region, Asia Pacific, followed by North America, held the highest market share in terms of sales in 2020, accounting for nearly two-fifths of the global wet cat food market. In addition, this region is expected to see the fastest CAGR of 7.1% from 2021 to 2030 due to the increase in disposable income, improvements in living standards and increased spending on pet health in China and India. Other regions discussed in the report are: North America, Europe, and LAMEA.
For purchase inquiries at: https://www.alliedmarketresearch.com/purchase-enquiry/3505
Leading market players: –
- Mars, Incorporated
- Nestlé Purina brands
- TiernahrungDeuerer GmbH
- WellPet LLC
- Farmina pet food
- Diamond pet food
- Hill’s Pet Nutrition
- Blue Buffalo Co., Ltd.
- JM Smucker Company.
Avenue Library Subscription | Request a 14-day free trial before purchasing: https://www.alliedmarketresearch.com/avenue/trial/starter
More information: https://www.alliedmarketresearch.com/library-access
Functional Pet Food Market: Global Opportunity Analysis & Industry Forecast, 2021-2030
Pet Grooming Products Market: Global Opportunity Analysis & Industry Forecast, 2018-2025
Automatic Dog Food Market: Global Opportunity Analysis & Industry Forecast, 2021-2030
Pet Food Supplements Market: Global Opportunity Analysis & Industry Forecast, 2021-2027
Allied Market Research (AMR) is a full-service market research and management consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides unmatched quality of “Market Research Reports” and “Business Intelligence Solutions” to global corporations as well as medium and small businesses. AMR provides focused business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services in 11 industries including Life Sciences, Consumer Goods, Materials and Chemicals, Construction and Manufacturing, Food and Beverage, Energy and Energy, Semiconductors and Electronics, Automotive and Transportation, ICT and Media, Aerospace and Defense, and BFSI .
We have professional business relationships with various companies and this helps us unearth market data which will help us create accurate research data tables and confirm the highest accuracy of our market forecasts. All of the data presented in the reports we publish are extracted through primary interviews with top officials from leading companies in the domain in question. Our methodology for obtaining secondary data includes in-depth online and offline research and discussions with knowledgeable professionals and industry analysts.
5933 NE Win Sivers Drive
# 205, Portland, OR 97220
Toll Free: 1-800-792-5285
United Kingdom: + 44-845-528-1300
Hong Kong: + 852-301-84916
India (Pune): + 91-20-66346060
Fax: + 1-855-550-5975
Follow us on: LinkedIn Twitter
SOURCE Allied Market Research