The Europe wet pet food market is accounted to US$ 5,789.9 Mn in 2018 and is expected to grow at a CAGR of 5.9% during the forecast period 2019 – 2027, to account to US$ 9,684.1 Mn by 2027.
Pet food, which is composed of a high percentage of water, ranging between 75% and 85%, along with other dry ingredients, is termed as wet pet food. The wet pet food is increasingly being preferred by pet owners as they help to boosts energy, builds muscles and lean mass, and stimulates the overall growth mechanism in animals. Consumption of wet pet food helps to provide the necessary nutrients such as proteins, vitamins, and minerals to pets to keep them healthy and hydrated. Moreover, such kinds of foods are considered as an ideal option for pets who cannot chew properly due to missing teeth, improper adjustment of jaws, or other related pet concerns.
The Europe Wet Pet Food Market is growing along with the Food and Beverages industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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Growing concerns among pet owners about pet nutrition and health are primarily driving the growth of the wet pet food market. Wet pet food contains animal and plant derivatives such as chicken, beef, lamb, meat broth, vegetable broth, and eggs. Also, the percentage of water ranges from 75% to 85%. Wet pet food is the best source of hydration. It also contains higher amounts of proteins and fats, minerals with added flavours and preservatives, making it more nutritional and tasty for pets. These nutrients offer various health benefits such as boosts energy, builds and tones muscles, and builds lean mass. It also helps fight infection, perform daily activities, repair teeth and bones, and improve stamina for better metabolism. All these advantages have raised the demand for wet pet food among pet owners. Nowadays, pet owners are more concern about their pet’s nutrition. The shift in pet “ownership” to “parenting” has been identified as the major reason driving the growth of the market. Moreover, growing awareness about adequate diet for pet’s overall health has forced buyers to opt for superior food products, which is likely to drive the growth of the wet pet food market.
These factors are expected to offer broad growth opportunities in the Food and Beverages industry and this is expected to cause the demand for Europe Wet Pet Food Market in the market.
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EUROPE WET PET FOOD MARKET SEGMENTATION
Europe Wet Pet Food Market, by Product
- Dog Food
- Cat Food
Europe Wet Pet Food Market, by Packaging Type
Europe Wet Pet Food Market, by Packaging Type
- Supermarket and Hypermarket
- Specialized Pet Shops
- De Haan Petfood
- FirstMate Pet Foods
- Little BigPaw
- Mars, Incorporated
- Monge SPA
- Petguard Holdings, Llc
- Hill’s Pet Nutrition, Inc.
- Nestlé Purina Petcare
- Butcher’s Pet Care
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