According to a new report, published by KBV research, The Global Wet Pet Food Market size is expected to reach $35.4 billion by 2030, rising at a market growth of 4.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 3467.8 Kilo Tonnes experiencing a growth of 2.0% (2019-2022).
The Cat segment is registering a CAGR of 5.7% during (2023 - 2030). Because they are simpler to chew, wet cat foods are beneficial for senior cats. These foods give cats the nutrition they need. Wet cat foods are frequently used around the world and often contain meat and animal derivatives. Cats without access to water are fed wet cat food. Wet cat food's high fat and protein content helps cats maintain their energy levels, promoting faster metabolism, muscle growth, thicker hair, and healthy skin. The preference of more cat owners to provide wet cat food to their cats is a major factor driving the growth of the segment.
The Animal-based segment is leading the Global Wet Pet Food Market by Source in 2022; thereby, achieving a market value of $22.5 billion by 2030. Beef, salmon, lamb, and chicken broth are just a few of the various choices that are used in the making of animal-based wet pet foods. Additionally, each variety of meat has special benefits for pets. Red meat contains several different kinds of proteins and amino acids. Additionally, because animals are omnivores, they prefer non-vegan foods over vegan ones. Animal-derived ingredients are essential for creating balanced and naturally appropriate pet diets.
The Online segment is experiencing a CAGR of 5% during (2023 - 2030). Through online platforms, these companies can reach a customer base that was formerly unavailable through conventional brick-and-mortar retail channels. This has proven to be especially helpful for specialized and niche wet pet food products that may have found it difficult to stand out in traditional retail settings. Additionally, modern pet owners' preferences are perfectly in line with the increased convenience of online shopping.
The North America region dominated the Global Wet Pet Food Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $12.7 billion by 2030. The Europe region is anticipated to grow at CAGR of 4.7% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 5.6% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/wet-pet-food-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Nestle S.A, Mars, Inc., Unicharm Corporation (DSG International (Thailand) PLC), Thai Union Group PLC, Charoen Pokphand Foods Public Company Limited, General Mills, Inc., The J.M Smucker Company, Schell & Kampeter, Inc., Farmina Pet Foods Holding B.V., The Colgate-Palmolive Company.
By Pet (Volume, Kilo Tonnes, USD Million/Billion, 2019-2030)
By Source (Volume, Kilo Tonnes, USD Million/Billion, 2019-2030)
By Distribution Channel (Volume, Kilo Tonnes, USD Million/Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Million/Billion, 2019-2030)
Companies Profiled
Unique Offerings 
