Press release
Asia Pacific Wet Pet Food Market to Witness Huge Growth by 2027 - De Haan Petfood, FirstMate Pet Foods, Little BigPaw, Mars
Growing customization of wet pet food by pet owners to escalate the Asia Pacific wet pet food market at a CAGR of 5.8%Latest market study on "Asia Pacific Wet Pet Food Market to 2027 - Analysis and Forecasts by Product (Dog Food, Cat Food, Others); Packaging Type (Canned, Pouches, Others); Distribution Channel (Supermarkets and Hypermarkets, Specialized Pet Shops, Online, Others), and Country". 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. Such advantages offered by wet pet food makes them a popular and attractive option and the best source of hydration.
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The Asia Pacific wet pet food market is accounted to US$ 3,670.4 Mn in 2018 and is expected to grow at a CAGR of 5.8% during the forecast period 2019 - 2027, to account to US$ 6,079.9 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Though there are multiple wet pet food products available in the market, customization of food for a pet has been identified as the latest trend in the wet pet food market. Just like humans, pets can be picky eaters and would require appropriate food intake to meet the daily nutritional requirements for maintaining overall health. For instance, malnourished pets are susceptible to diseases, hair loss, dry skin, poor eyesight, weak bones, and teeth, as well as are at high risk of developing arthritis. On the other hand, obese pets can face issues such as respiratory and heart diseases, osteoarthritis, type 2 diabetes, and high blood pressure. Also, the amount of calories required by each pet is different depending upon the activity level and weight. Thus daily nutritional requirements of each pet is different giving rise to customization of pet food. Moreover, concerns about preventive health care for their pets have encouraged pet owners to customize the diet for their pets. They are adding raw vegetables or fruits into wet pet food to meet the nutritional requirements for their pets. Growing customization of wet pet food by pet owners is expected to open new avenues for pet food manufacturers. Additionally, growing concerns related to pet health have raised the demand for pet food products, which improves the overall health of pet animals. Pet owners nowadays are paying more attention to pet nutrition and taking extra efforts to search for suitable and appropriate food products for their pets.
The market for Asia Pacific wet pet food is concentrated with some very well-established players. Some of the key players in the Asia Pacific wet pet food market include De Haan Petfood, FirstMate Pet Foods, Little BigPaw, Mars, Incorporated, Monge SPA, Hill's Pet Nutrition, Inc., and Nestl? Purina Petcare amongst the others.
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Table of Contents
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Wet Pet Food Market - By Product
1.3.2 Asia Pacific Wet Pet Food Market - By Packaging Type
1.3.3 Asia Pacific Wet Pet Food Market - By Distribution Channel
1.3.4 Asia Pacific Wet Pet Food Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Wet Pet Food Market Landscape
4.1 Market Overview
4.2 PEST Analysis - Asia Pacific
4.3 Expert Opinions
5. Wet Pet Food Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Growing preference of pet owners toward buying superior pet food products
5.1.2 Rising e-commerce sales in developing countries
5.2 Key Market Restraints
5.2.1 Stringent government regulations related to pet food
5.3 Key Market Opportunities
5.3.1 New product development
5.4 Future Trends
5.4.1 Growing customization of wet pet food by pet owners
5.5 Impact Analysis of Drivers And Restraints
Continue...
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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