 |
| Global Cat Wet Food Market Size |
Cat wet food helps in meeting the complete nutritional needs of cats and have
various health benefits over dry cat food. The growing awareness about health
benefits of wet cat food among cat owners is increasing the adoption of wet cat
foods.
The global
Cat Wet Food Market is estimated to be valued at US$ 44.74 Bn in 2023 and is expected to exhibit a CAGR of 24.% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
One of the key drivers propelling the growth of the global cat wet food market
is the increasing pet health awareness among cat owners. These days, cat owners
are more focused on providing their felines with nutritious and balanced diet
in order to keep them healthy and energetic. Since wet cat foods contain about
75-80% water content, they are easier for cats to digest as compared to dry
foods and also help cats stay hydrated. Consumption of wet cat foods also
reduces risks of various urinary tract issues and diabetes in cats. Further,
wet foods are a good source of proteins, vitamins, minerals and omega fatty
acids that support overall digestive, oral and urinary health of cats. As pet
owners continue to realize numerous health benefits of feeding their cats with
wet foods over dry foods, the demand for cat wet foods is expected to surge
considerably in the forecast period.
Segment
Analysis
The global cat wet food market is dominated by the canned/pouched food segment,
which accounts for nearly 60% share of the overall market. Canned/pouched wet
food for cats is highly preferred by pet owners as it is easily portable and
convenient to serve. The wet food retains all the natural nutrients of raw meat
and ensures cats receive adequate moisture in their diet. The growing trend of
nuclear families and increasing premiumization of pet food is expected to drive
the canned/pouched wet food segment during the forecast period.
Key Takeaways
Global
Cat Wet Food Market Size is expected to witness high growth over the
forecast period of 2023 to 2030. fueled by increasing pet humanization and
rising expenditure on pet nutrition products across developed economies.
Regional analysis: North America currently dominates the global cat wet food
market with over 35% share and is expected to remain the highest revenue
generating region throughout the forecast period. This can be attributed to
high pet ownership rates and growing popularity of premium pet food brands in
countries like the US and Canada.
Key players operating in the cat wet food market are ARCHOS S.A., ELLIPAL LTD.,
LEDGER SAS and OPOLO SARL. ARCHOS S.A. holds a significant market share owing
to its wide distribution network and innovative product portfolio. ELLIPAL LTD.
is gaining market traction with its focus on all-natural and GMO-free canned
food options for cats. LEDGER SAS has a strong presence in the European region
driven by its well-known brand names for wet food such as Brookes and Animonda.
Explore More Related Article On This
Topic: https://www.ukwebwire.com/global-cat-wet-food-market-trends/