Global Wet Pet Food Market Size is Expected to Grow $31.7 billion by 2028

The global wet pet food market refers to the industry involved in the production, distribution, and sale of moist or canned pet food products designed for cats and dogs, as well as other companion animals like ferrets and rabbits. Unlike dry kibble, wet pet food is characterized by its high moisture content and comes in various forms, such as cans, trays, pouches, and tubs. A rising global trend in pet ownership, particularly among urban populations, has driven the demand for pet food products, including wet pet food. Pet owners seek convenient, nutritious, and palatable options for their pets, and wet food is often favored for its taste and texture.

Wet pet food market in terms of revenue was estimated to be worth $25.5 billion in 2023 and is poised to reach $31.7 billion by 2028, growing at a CAGR of 4.5% from 2023-2028 according to a latest report published by MarketsandMarkets™. The growing influence of pet-centric social media platforms has fundamentally transformed the way individuals perceive, interact, and care for their animal companions. The pervasive influence of pet-centric social media platforms has fundamentally altered the way pet owners engage with and perceive their animal companions.

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Some of the major Wet Pet Food Market players covered in the report, such as:

• Nestlé (Switzerland)
• Mars, Incorporated (US)
• Colgate-Palmolive Company (US)
• Unicharm Corporation (Japan)
• Thai Union Group PCL (Thailand)
• Charoen Pokphand Foods PCL (Thailand)
• General Mills Inc. (US)

Wet Pet Food Industry Report (321 Pages, 229 Tables, and 58 Figures): https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=84650226

The research report categorizes the market into the following segments:

Wet Pet Food Market by Pet

• Dogs
• Cats

Wet Pet Food Market by Source

• Animal-based
• Plant Derivatives
• Synthetic

Wet Pet Food Market by Distribution Channel

• Pet Specialty Stores
• Supermarkets/Hypermarkets
• Convenience Stores
• Online

Wet Pet Food Market by Region

• North America
• Europe
• Asia Pacific
• South America
• Rest of the World (RoW)

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The key stakeholders in the Wet Pet Food Market include:

• Pet Food Manufacturers: Companies involved in the production of wet pet food, ranging from large multinational corporations to smaller, specialized manufacturers, are at the core of the industry. They formulate, process, and package wet pet food products.
• Retailers: Retailers, including pet supply stores, supermarkets, and online pet food retailers, are essential intermediaries that make wet pet food products available to consumers. They stock and sell these products to pet owners.
• Pet Owners: Pet owners are the end-users of wet pet food. They purchase and provide wet pet food to their cats, dogs, and other companion animals. Their preferences and choices drive market demand.
• Veterinarians: Veterinary professionals play a vital role in recommending and endorsing specific wet pet food brands and formulations to address the dietary needs and health concerns of pets. Some veterinary clinics also sell pet food products.
• Pet Food Distributors: Distributors are responsible for the logistics of getting wet pet food products from manufacturers to retailers. They manage storage, transportation, and inventory control within the supply chain.
• Pet Food Ingredient Suppliers: Suppliers of ingredients and raw materials, such as meat, vegetables, and additives, provide the essential components used in the formulation of wet pet food products.
• Industry Associations: Organizations like the Pet Food Institute (PFI) in the United States and other regional and international pet food associations represent the interests of pet food manufacturers and provide industry insights, standards, and advocacy.
• Regulatory Authorities: Government agencies, such as the Food and Drug Administration (FDA) in the United States and equivalent agencies in other countries, regulate the safety and labeling of pet food products. They establish guidelines and standards that manufacturers must adhere to.
• Consumer Advocacy Groups: Organizations focused on pet welfare and consumer advocacy monitor the quality and safety of pet food products. They may raise awareness of issues related to pet food quality and advocate for better industry practices.
• Packaging Suppliers: Suppliers of packaging materials and containers, such as cans, pouches, and trays, are crucial for the presentation and preservation of wet pet food products.

Wet Pet Food Market Frequently Asked Questions (FAQs):

Q1. How big is the wet cat food market?
Q2. What are the factors driving the wet pet food market?
Q3. Which segment by source accounted for the largest wet pet food market share?
Q4. What are the key players in the market?
Q5. Which region is projected to account for the largest share of the wet pet food market?