Wet Cat Food Market Expected to Reach $ 7.9 Billion by 2030 – Allied Market Research
PORTLAND, PORTLAND, UNITED STATES, Oct. 7, 2021 /EINPresswire.com/ – According to a new report published by Allied Market Research, “Cat Food Market by Product Type, End-User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030 “The global market for wet cat food grew to $ 4.6 billion in 2020.
Wet cat food is a specially formulated pet food for cats that contains approximately 10.0% water and 90% other dry ingredients such as chicken, tuna, and seafood. The wet cat food is easily available in the market through various sales channels including specialty stores, supermarkets and online stores. This, in turn, has driven the growth of the wet cat food market in terms of sales value.
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The coronavirus outbreak has negatively impacted the growth of the wet cat food industry, as well as at all stages of the supply and value chain. The supply chain is now much more complex than it was ten years ago. The COVID-19 pandemic has not only hampered production facilities, but also disrupted supply chains such as material suppliers and distributors of the wet food market worldwide, resulting in lost sales.
Cat pet ownership is growing in popularity due to the increasing need for smaller pets in households. In addition, there has been an increase in the demand for wet cat food products at different stages of life. Therefore, manufacturers are increasingly offering product variants from baby cats to full-grown cats. However, organic wet cat food is increasingly being marketed as consumers switch to healthy and nutritious foods to meet the therapeutic needs of their cats. In view of the increasing health consciousness of the consumers, the product manufacturers want to offer wet cat food without the addition of artificial additives, false colors and preservatives. As a result, manufacturers, especially small-scale producers, have been successful in demand in the wet cat food market by focusing on premium and health categories.
The global market segment for wet cat food is divided into type, price, distribution channel and region. The market is naturally divided into organic and conventional. Based on the price point, it is divided into bulk and premium. Depending on the sales channel, it is divided into specialty store, supermarket / hypermarket, online shop and others. From a regional perspective, the market for wet cat food is in North America (USA, Canada and Mexico), Europe (Germany, France, Great Britain, Italy, Spain, Russia and the rest of Europe), Asia-Pacific (China, India, Australia and New Zealand, Japan , South Korea, ASEAN and the rest of the Asia-Pacific region) and LAMEA (Brazil, Saudi Arabia, South Africa, Argentina and the rest of the LAMEA).
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Main results of the study
The conventional segment naturally had the highest market share in wet cat food in 2020 and is expected to grow at an annual growth rate of 5.6% from 2020 to 2030.
Depending on the price class, the mass segment achieved the highest market share in 2020 and is estimated at a CAGR of 5.5%.
Based on the sales channel, specialty retail was the leading segment in terms of market share in 2020 and is expected to grow at a CAGR of 5.4%.
In terms of region, Asia Pacific had the maximum share of the wet cat food market in 2020 and is expected to dominate during the forecast period for wet cat food.
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Companies can do business in a highly competitive market by bringing new products or updated versions of existing products to market. In the recent past, many leading players have chosen product launch as a business strategy to strengthen their market position. To understand cat food market trends, the report analyzes strategies by leading players. Key players in the market analysis of wet cat food include heristo aktiengesellschaft, Mars, Incorporated, Nestlé Purina Marken, Tiernahrung Deuerer GmbH, WellPet LLC, Farmina Pet Foods, Diamond Pet Foods, Hill’s Pet Nutrition, Blue Buffalo Co., Ltd., and the JM Smucker Company.
Automatic Dog Food Market: https://www.alliedmarketresearch.com/automatic-dog-feeder-market-A13738
Functional Pet Food Market: https://www.alliedmarketresearch.com/functional-pet-food-market-A11855
Animal Feed Enzymes Market: https://www.alliedmarketresearch.com/animal-feed-enzymes-market-A11054
Pet Grooming Services Market: https://www.alliedmarketresearch.com/pet-grooming-services-market-A06460
About Allied Market Research:
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 has a specific intent to provide business insights and advisory services 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.
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October 07, 2021, 12:18 GMT
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