#Wet Pet Food Market Outlook

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Wet Pet Food Market Will Hit Big Revenues In Future

The wet pet food market size is valued at USD 25.4 billion in 2023 and is expected to grow to USD 31.7 billion by 2028, with a CAGR of 4.5% during the forecast period. In recent years, the pet industry has experienced notable expansion, offering a broad array of products ranging from specialized toys to cutting-edge grooming solutions. Among these offerings, wet pet food has gained popularity due to its high moisture content, which mirrors traditional stews and gravies. This not only enhances flavor but also supports hydration, a key factor in pet health. Additionally, wet pet food provides a rich nutritional profile, incorporating essential proteins, vitamins, and minerals, making it suitable for pets with specific dietary needs or health concerns.

As consumers increasingly prioritize health, wet pet food has emerged as a popular choice to meet evolving nutritional demands. This growth is largely fueled by rising disposable incomes, the perception of pets as family members, and a growing understanding of how nutrition impacts overall pet well-being.

Wet Pet Food Market Trends

Here are some key trends in the Wet Pet Food Market:

Premiumization of Pet Food: Growing demand for high-quality ingredients and premium products is driving the wet pet food market, as pet owners seek healthier and more nutritious options for their pets.

Grain-Free and Natural Formulations: The rise in awareness about pet health has led to an increase in demand for grain-free and natural wet pet food, which avoids artificial ingredients, additives, and preservatives.

Humanization of Pets: Many pet owners treat pets as family members, leading to higher spending on wet pet food that mimics human food quality, including organic and gourmet options.

Focus on Pet Digestive Health: Digestive health has become a priority, with wet pet foods offering formulations that support gut health, improve digestion, and include probiotics.

Sustainability in Packaging: Brands are focusing on sustainable packaging solutions, such as recyclable or biodegradable packaging, to reduce their environmental footprint.

Growing Demand for Functional Ingredients: Ingredients that provide specific health benefits, such as joint health, skin and coat care, and immune system support, are becoming popular in wet pet food formulations.

Wet Pet Food Market Insights: Dogs Expected to Hold the Largest Share

Over the past few decades, dog adoption rates have seen a notable rise. Whether adopted from shelters or breeders, more dogs are becoming cherished members of households. This increase in dog ownership is attributed to various factors, including a greater awareness of the emotional and psychological benefits dogs offer to humans. Traditionally, developed nations like the US, Australia, Germany, and the Netherlands have been key markets for dog food, driven by the growing adoption of pets and higher spending on pet food products. However, in recent years, developing countries have also emerged as important markets for dog food. Rising pet adoptions, increased awareness of dog health, and the trend of humanizing pets have fueled this growth. Countries such as India, China, and Brazil now represent attractive markets for dog food, with large populations of stray dogs being adopted. According to data from PetSecure (Australia), nations like China, Japan, the Philippines, and India have some of the largest pet dog populations. Notably, India has the fastest-growing dog population globally.

Based on the distribution channel, online mode is anticipated to have the highest growth rate in the wet pet food market.

Online platforms are fueling the growth of the wet pet food market by overcoming the challenges of traditional shopping. The ease of browsing and purchasing online eliminates the need for physical store visits, offering greater accessibility. This convenience allows pet owners to explore a wider variety of wet pet food options and make more informed choices tailored to their pets’ specific needs. The global pandemic has significantly altered consumer behavior, accelerating a shift toward online shopping. E-commerce platforms saw a dramatic increase in demand as people sought safer ways to buy products. This trend extended to pet supplies, including wet pet food, as owners turned to online shopping for high-quality products while following safety guidelines. The rise in demand underscores the growing importance of online platforms in addressing changing consumer preferences, making them a key driver in the wet pet food market’s expansion.

Top Wet Pet Food Companies:

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), The J.M. Smucker Company (US), Better Choice Company (US), Real Pet Food Co. (Australia), MONGE SPA P.IVA (Italy), Schell & Kampeter, Inc. (US), Inaba-Petfood Co., Ltd. (Japan), Sunshine Mills, Inc. (US), and Farmina Pet Foods (Italy). These players in this market are focusing on increasing their presence through expansion and collaboration. These companies have a strong presence in North America, Asia Pacific, and Europe.

Wet Pet Food Industry Development:

In July 2023, Champion Petfoods, under Mars, Incorporated, introduced its ACANA PREMIUM PÂTÉ wet cat food line, aligning with feline natural diets focused on prey-based nutrition and hydration. The product includes 3- and 5.5-oz cans in six diverse recipes, catering to various tastes and nutritional needs, such as Omega 3 support for skin and coat health. This strategic product launch enhances its position in the wet pet food market by offering a tailored and nutritious option that satisfies the dietary preferences of cats and supports their overall health.

In April 2023, Mars Petcare’s SHEBA brand introduced its first line of kitten nutrition products, PERFECT PORTIONS Wet Kitten Food, complementing its existing range of nutritional offerings for cats of all ages. It is designed to provide comprehensive nutrition, featuring high-quality proteins that support immune system health, bone strength, and brain development. Enriched with essential nutrients, DHA, vitamins, and minerals, the diets are available in two flavors, Savory Chicken and Delicate Salmon, in 2.64-oz trays in physical stores and online via major retailers such as Amazon, Chewy, Walmart, and PetSmart.

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Human Grade Pet Food Market To Reach $3.77 Billion By 2030

The global human grade pet food market size is expected to reach USD 3.77 billion by 2030, growing at a CAGR of 6.6% during the forecast period, according to a new report by Grand View Research, Inc. Several key factors drive the increasing demand for human-grade pet food among pet owners. Pet owners are increasingly concerned about their pets' health and wellness, seeking higher-quality, safer food options. This trend reflects a broader humanization of pets, where they are considered integral family members deserving of nutritious, human-grade ingredients free from fillers and artificial additives. Manufacturers respond transparently in sourcing and production, building trust through clear labeling and adherence to human food standards.

Innovations in flavors play a crucial role, with manufacturers introducing diverse and appealing options inspired by popular human foods and natural ingredients. These include a variety of flavors such as salmon and quinoa, turkey and sweet potato, and lamb and brown rice, catering to both pet and owner preferences for gourmet-style options. The growth extends across various segments, including snacks, treats, and wet and dry food, offering pet owners a wide range of choices that prioritize nutrition, taste, and the overall well-being of their beloved companions.

In April 2023, HelloFresh, the leading meal-kit company, launched a new premium pet food brand called The Pets Table. Developed in partnership with veterinarians, The Pets Table offers a subscription-based service that provides fresh and air-dried, human-grade recipes customized for each dog's exact caloric needs at a competitive price point.

In addition,transparency and trust are also critical factors. Pet owners are more interested in understanding where their pet's food comes from and how it's produced. Human grade pet foods often offer greater transparency in sourcing and manufacturing processes, which builds consumer trust and loyalty.

Premiumization of pet food is another driving force. As disposable incomes rise and consumers become more willing to spend on higher-quality products for their pets, there's a growing market for premium human grade pet foods. These products often command higher prices due to their superior ingredients and production standards.

Request a free sample copy or view report summary: Human Grade Pet Food Market Report

Human Grade Pet Food Market Report Highlights

Wet food accounted for a revenue market share of 33.5% in 2023. Human grade wet food typically contains higher-quality ingredients and is formulated to provide balanced nutrition, which can appeal to pet owners who prioritize their pets' diet and health

Sales through online stores accounted for a share of 23.0% in 2023. Online retailers often offer a wider selection of human grade pet food than brick-and-mortar stores. This variety allows consumers to explore different brands, flavors, and formulations, empowering them to experiment with new recipes or discover their favorite products from the comfort of their homes

Asia Pacific is expected to grow at a significant CAGR from 2024 to 2030. There is increasing awareness and concern among pet owners about the quality and safety of pet food. Human-grade pet food is perceived as safer and more reliable in terms of ingredients and production standards compared to traditional pet food. Also, as disposable incomes rise across this region, pet owners are willing to spend more on premium pet products, which are often priced higher due to their quality and nutritional value

Human Grade Pet Food Market Segmentation

Grand View Research has segmented the global human grade pet food market based on type, distribution channel, and region.

Human Grade Pet Food Type Outlook (Revenue, USD Million, 2018 - 2030)

Snacks & Treats

Wet Food

Dry Food

Others

Human Grade Pet Food Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

Hypermarkets & Supermarkets

Convenience Stores

Online

Others

Human Grade Pet Food Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

U.S.

Canada

Mexico

Europe

UK

Germany

France

Italy

Spain

Asia Pacific

China

India

Japan

South Korea

Australia & New Zealand

Central & South America

Brazil

Middle East & Africa

UAE

List of Key Players in the Human Grade Pet Food Market

JustFoodForDogs

NomNomNow Inc.

Spot & Tango

The Honest Kitchen

Ollie

Pet Plate

Darwin's Natural Pet Products

The Farmers Dog, Inc.

Nestlé S.A.

Mars (Champion Pet foods)

[tamanna31]

Pet Food 2024 Industry Size, Demands, Growth and Top Key Players Analysis Report

Pet Food Industry Overview

The global pet food market size was estimated at USD 103.3 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2030.

The demand for products is anticipated to be driven by growing consumer inclination toward the adoption of pets along with rising concerns regarding their health. Improvement in overall digestion and performance of pet animals owing to consumption of nutritious food is also likely to boost market growth in the forecast period. The pet food products that are available in the global market rarely vary. This, in turn, has prompted manufacturers to include multi-functional and innovative ingredients in their products to curb such similarity bias. Convenience is likely to play a vital role in driving this industry, given the increased popularity of prepared pet food. The other segment is organic pet food, a recent and growing trend in the market.

Gather more insights about the market drivers, restrains and growth of the Pet Food Market

Increasing availability of organic products in a variety of flavors and the inclusion of essential ingredients such as probiotics and antioxidants are factors that are likely to induce a positive impact on global market growth. On the other hand, low product penetration owing to its slightly high price may restrain organic segment growth in the coming years as every household would not be able to purchase high-priced products.

The market value chain is characterized by the presence of raw material suppliers, manufacturers, distributors, and end-users. The raw materials which are used for production include meat, meat byproducts, cereals, grains, and specialty proteins derived from animals, palatants, flavors & sweeteners, vitamins, minerals, and enzymes among others.

Manufacturers formulate these products in accordance with the standard nutritional requirements of domesticated animals. Meat-based raw materials are processed/rendered to separate protein components, water, and fat. The manufacturing process also entails grinding, cooking, and mixing the aforementioned raw materials with other ingredients.

The raw materials utilized in each pet food product segment are primarily commodities and agricultural-based products. Grains, fruits, and animal protein meals, among other ingredients, are procured from various suppliers. The cost, quality, and availability of these key ingredients have fluctuated in the past and are expected to fluctuate in the future as well. For instance, in March 2023, pet food prices in America rose by 15.1% YoY. Due to this, residents are considering giving away their pets. Such sudden and sharp increases in the prices of pet food can adversely affect market growth.

Browse through Grand View Research's Consumer F&B Industry Research Reports.

• The global frozen bakery market size was estimated at USD 67.27 billion in 2023 and is projected to grow at a CAGR of 5.2% from 2024 to 2030.

• The global organic rice protein market size was valued at USD 69.5 billion in 2023 and is projected to grow at a CAGR of 12.9% from 2024 to 2030.

Global Pet Food Market Report Segmentation

This report forecasts volume & revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global pet food market report based on pet type and region:

Pet Type Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

Dog

Wet Food

Dry Food

Snacks/Treats

Cat

Wet Food

Dry Food

Snacks/Treats

Others

Regional Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

North America

US

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

Poland

Ukraine

Russia

Turkey

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Vietnam

Thailand

Australia

Central & South America

Brazil

Argentina

Middle East & Africa

Middle East

South Africa

Key Companies & Market Share Insights

The competitive landscape of this market is moderately consolidated with the presence of multinationals striving to fulfill high demand from large customers and end-user base. Key industry participants are inclined toward adopting new marketing strategies and using advanced technologies to strengthen their customer base and generate more revenue in near future. In addition, companies are undertaking expansion, mergers, and acquisitions as a part of their strategic initiatives. For example, in January 2022, Manna Pro acquired Oxbow Animal Health, a small animal pet brand that offers premium food, and supplements for rabbits, pigs, hamsters, and other pets. In addition, in September 2023, Superlatus, Inc., a key food distribution and technology firm, merged with TRxADE HEALTH, Inc., and announced its expansion in the pet food industry with plant-based or vegan pet food treats.

Industry participants are inclined toward investing heavily in research and technology to advance processes and create new recipes, which are manufactured with varied and special ingredients. Key manufacturers are also focused on developing innovative formulas to offer diverse and high-quality food for pets and farm animals. Industry players also utilize raw materials with criteria to meet demands, as well as regulations, in both domestic and international markets.

Key Pet Food Companies:

The J.M. Smucker Company

Nestle Purina

Mars, Incorporated

LUPUS Alimentos

Total Alimentos

Hill’s Pet Nutrition, Inc.

General Mills Inc.

WellPet LLC

The Hartz Mountain Corporation

Order a free sample PDF of the Pet Food Market Intelligence Study, published by Grand View Research.

[umadeochake]

Pet Food Market Trends: Future Demand, Share, Growth Opportunities, and Outlook 2036

Research Nester’s recent market research analysis on “Pet Food Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global pet food market in terms of market segmentation by pet, form, nature, source, distribution and by region. 

Growing Demand for Customized Pet Food to Boost the Growth of Global Pet Food Market

The global market for pet food is set to rise on account of growing demand for customized pet food. Customized pet food has grown increasingly popular in established regions, and in the upcoming year, it will likely expand across emerging countries additionally. This is because of increased pet owner awareness regarding feeding their animals based on their needs, which include things such as weight, age, sex, breed, and overall health. This further reduces the likelihood of allergies as well as additional health risks brought on by feeding pets improper food. As a result, pet food item customization is expected to increase dramatically. 

Request Free Sample Copy of this Report @ https://www.researchnester.com/sample-request-6017

Moreover, organic pet food consists of natural ingredients which do not include pesticides, synthetic fertilizers, artificial coloring, antibiotics, and chemical by-products. These natural products provide various health benefits for pets, such as reduced lower risk of skin diseases & allergies, and others. Additionally, natural pet foods can be efficiently digested by pets since they include large protein sources. Natural food also enables pets to have proper bowel movements. Therefore, the market demand for organic pet food is estimated to rise.  

Some of the major growth factors and challenges that are associated with the growth of the global pet food market are:

Growth Drivers:

Rising Demand for Customized Pet Food

Growing Production of Organic Food

Challenges:

The components required to produce pet food, which includes grains, meat, and veggies, are very expensive. Furthermore, different environmental problems, expanding supply chain disruptions, and global market dynamics are just a few examples that are expected to raise pet food costs and have a negative influence on manufacturers' profitability. As a result, prominent players now face even more competition. It is therefore anticipated that the pet food market will be hampered.

By form, the market for pet food is segmented into wet, semi-moist, and dry. Out of these segments, the dry segment is predicted to gather the highest revenue of over USD 145 billion over the forecast period. This growth is set to be dominated owing to the fact that they are easy to store and lead to the least amount of mess when served. Moreover, dry food provides crunch and chewing to the pets, which further regulates their general health. Additionally, dry food has a longer shelf life in comparison to wet food. Furthermore, the dry food price is also low, hence, a large number of the general population prefer buying it. Hence, the market demand for dry food is estimated to rise over the coming years.

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By region, the North America market for pet food is predicted to gather the highest share in the market of about 30% over the coming years. This growth of the market is projected to be encouraged by the growing urban population. Moreover, the e-commerce website site is surging in this region, which is additionally encouraging the number of options for the products. Therefore, the market for pet food is growing in this region.

This report also provides the existing competitive scenario of some of the key players of the global pet food market which includes company profiling of J.M. Smucker Company, Wellness Pet, LLC., Affinity Petcare SA, Agroindustrias Baires, Agrolimen SA, BRF Global, Canidae LLC, Diamond Pet Foods, General Mills Inc., Heristo AG, and others.

Access our detailed report @ https://www.researchnester.com/reports/pet-food-market/6017

About Research Nester-

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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Email: info@researchnester.com

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[gqresearch24]

Pet Food Market Outlook Report 2024-2030: Trends, Strategic Insights, and Growth Opportunities | GQ Research

The Pet Food Market is set to witness remarkable growth, as indicated by recent market analysis conducted by GQ Research. In 2023, the global Pet Food Market showcased a significant presence, boasting a valuation of US$ 120.98 billion. This underscores the substantial demand for Acetophenone technology and its widespread adoption across various industries.

Get Sample of this Report at: https://gqresearch.com/request-sample/global-pet-food-market/

Projected Growth: Projections suggest that the Pet Food Market will continue its upward trajectory, with a projected value of US$ 177.16 billion by 2030. This growth is expected to be driven by technological advancements, increasing consumer demand, and expanding application areas.

Compound Annual Growth Rate (CAGR): The forecast period anticipates a Compound Annual Growth Rate (CAGR) of 5.6%, reflecting a steady and robust growth rate for the Pet Food Market over the coming years.

Technology Adoption:

In the Pet Food Market, technology adoption encompasses various processes and techniques used in the production, packaging, and distribution of pet food products. This includes advancements in food processing technologies such as extrusion, drying, and freeze-drying, which are utilized to create different types of pet foods including kibble, wet food, and freeze-dried treats. Additionally, technology is also employed in ingredient sourcing, quality control, and nutritional analysis to ensure that pet foods meet regulatory standards and nutritional requirements for pets.

Application Diversity:

The Pet Food Market serves a diverse range of pet species including dogs, cats, birds, fish, and small mammals such as rabbits and guinea pigs. Pet foods are formulated to meet the specific nutritional needs and dietary preferences of each species, with options available for different life stages, breed sizes, and health conditions. Furthermore, pet food products cater to various dietary preferences such as grain-free, limited ingredient, raw, and organic diets, reflecting the growing demand for specialized and premium pet food options among pet owners.

Consumer Preferences:

Consumer preferences in the Pet Food Market are influenced by factors such as pet health and wellness, ingredient quality, product safety, and convenience. Pet owners prioritize pet foods that are formulated with high-quality, natural ingredients and free from artificial additives, preservatives, and fillers. Additionally, pet owners seek foods that are tailored to their pet's specific dietary needs and preferences, such as age, breed, size, and health conditions. Furthermore, factors such as brand reputation, packaging convenience, and price also play a role in influencing consumer choices in the pet food aisle.

Technological Advancements:

Technological advancements in the Pet Food Market focus on enhancing nutritional value, palatability, and safety of pet food products through innovations in ingredient processing, formulation, and packaging. Research efforts aim to develop novel ingredients such as functional proteins, probiotics, and superfoods that offer health benefits for pets, including improved digestion, immune support, and joint health. Additionally, advancements in food processing technologies enable the creation of customized textures, shapes, and flavors to enhance palatability and encourage consumption among pets. Moreover, technology is also utilized in packaging solutions such as resealable pouches, single-serve portions, and vacuum-sealed bags to maintain freshness and extend shelf life of pet food products.

Market Competition:

The Pet Food Market is characterized by intense competition among pet food manufacturers, retailers, and e-commerce platforms, driven by factors such as product innovation, brand recognition, pricing, and distribution channels. Major players in the industry leverage their research and development capabilities, marketing strategies, and global supply chains to maintain market leadership and gain competitive advantage. Meanwhile, smaller and niche players differentiate themselves through specialized product offerings, unique formulations, and targeted marketing campaigns aimed at specific pet owner demographics. Additionally, partnerships, acquisitions, and collaborations are common strategies for companies to expand market reach and diversify product portfolios in the competitive Pet Food Market.

Environmental Considerations:

Environmental considerations are increasingly important in the Pet Food Market, with stakeholders focusing on sustainability, ingredient sourcing, and packaging waste reduction. Manufacturers strive to use sustainable sourcing practices for ingredients such as responsibly sourced proteins, fruits, and vegetables to minimize environmental impact and support ethical animal welfare standards. Additionally, efforts are made to reduce food waste through initiatives such as upcycling byproducts and repurposing surplus ingredients for pet food formulations. Moreover, advancements in packaging materials such as recyclable, compostable, and biodegradable options help minimize plastic waste and promote eco-friendly packaging solutions in the Pet Food Market.

 Top of Form

Regional Dynamics: Different regions may exhibit varying growth rates and adoption patterns influenced by factors such as consumer preferences, technological infrastructure and regulatory frameworks.

Key players in the industry include:

Colgate-Palmolive Company

Diamond Pet Foods

Farmina Pet Foods

General Mills Inc.

IB Group

Mars Incorporated

The J.M. Smucker Company

Hill’s Pet Nutrition Inc.

WellPet LLC

The Hartz Mountain Corporation.

The research report provides a comprehensive analysis of the Pet Food Market, offering insights into current trends, market dynamics and future prospects. It explores key factors driving growth, challenges faced by the industry, and potential opportunities for market players.

For more information and to access a complimentary sample report, visit Link to Sample Report: https://gqresearch.com/request-sample/global-pet-food-market/

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GQ Research is a company that is creating cutting edge, futuristic and informative reports in many different areas. Some of the most common areas where we generate reports are industry reports, country reports, company reports and everything in between.

Contact:

Jessica Joyal

+1 (614) 602 2897 | +919284395731

Website - https://gqresearch.com/

[businesspointnews]

Organic and Natural Pet Food Market Outlook, Trends, Leading Companies and Industry Growth 2024-2032

IMARC Group, a leading market research company, has recently released a report titled “Organic and Natural Pet Food Market Report by Pet Type (Dog Food, Cat Food, and Others), Product Type (Dry Pet Food, Wet and Canned Pet food, Snacks and Treats), Packaging Type (Bags, Cans, Pouches, Boxes, and Others), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Stores, and…

[rupalic]

Upcoming Growth Trends in the Pea Protein Market

Pea protein is derived from yellow peas and is known for its high protein content, amino acid profile, and allergen-free nature, making it an attractive alternative to traditional animal-based protein sources like whey and soy. Pea protein is rich in protein content and provides all nine essential amino acids that the body cannot produce on its own. It's particularly high in lysine, which is often limited in other plant-based protein sources like rice protein.

The pea protein market size is predicted to grow fast to $2.9 billion by 2027, at an 11.9% CAGR. The industry's growing understanding of the benefits of pea protein, which is expected to be worth $1.7 billion in 2022, is the foundation of this upward trend.

This exponential growth can be attributed to the increasing demand for plant-based protein sources and the recognition of pea protein as a sustainable and nutritious alternative. As consumers continue to prioritize healthy and environmentally conscious food choices, the pea protein market is poised for continued success, presenting exciting opportunities for businesses and investors. Consumers are getting increasingly aware of the benefits of nutritional and health products. The usage of pea proteins has rapidly evolved in the past years, which has contributed significantly to the food & beverage, pet food, feed, textile, and pharmaceutical industrial applications. Furthermore, the rise in vegan population, popularity of plant-based foods and gluten-free products and nutritional benefits of pea-based products are key factors that are projected to drive the growth of the Pea Protein market during the forecast period.

To know about the assumptions considered for the study, Download PDF Brochure:

North America is projected to be the largest market.

North America accounted for the largest share; during the forecast period, in terms of volume and value, respectively. Increasing vegan population, increasing demand for health & wellness products, increasing awareness about sustainable lifestyle and increasing consumption of processed meat products are the key drivers of the global pea protein market.

The Yellow Split Pea in the segment by source is projected to account for the largest market share of the Pea Protein market over the forecast period.

Yellow split peas are one of the most popular pea sources among product manufacturers. This is due to peas functionality and adaptability to different product types, which is driving demand for yellow split peas in a variety of products such as plant-based meat, beverages, functional foods, and performance nutrition. Yellow split peas high protein content makes them ideal for producing pea protein isolates. They are valued for their amino acid profile, which has led to their classification as "whole proteins" when compared to dairy and meat-based alternatives. 100g of yellow split pea contains 370 calories, 1 gramme of fat, 67 grammes of carbohydrates (27 grammes of fibre, 3 grammes of sugar), 27 grammes of protein, and 25% of the RDA of iron.

The dry form Pea Protein is estimated to dominate the Pea Protein market during the forecast period.

The dry form of pea protein is more popular than wet pea protein because it has a wider range of applications. Dry textured pea proteins have a dominant market position due to their characteristics and demand in a wide range of applications. The increased demand for dry textured proteins in applications such as plant-based meat due to its’ ability to replicate the meaty texture has helped to improve the industry outlook for dry textured pea proteins. They are commonly used as a nutritional supplement formulated with yellow protein pea extract. It is mostly used as a protein filler in products like fitness shakes and smoothies.

Speak to our analyst for a discussion on the above findings:

[anyawinget]

North America Wet Pet Food Market Advancement Analysis And Precise Outlook 2019-2027

“The North America wet pet food market is accounted to US$ 8,880.9 Mn in 2018 and is expected to grow at a CAGR of 5.6% during the forecast period 2019 – 2027, to account to US$ 14,453.4 Mn by 2027.”

The report titled “North America Wet Pet Food Market” has recently been added by Business Market Insights to get a stronger and more effective business outlook. It provides an in-depth analysis of the different attributes of the industry, such as trends, policies, and customers operating in different geographies. Research analysts use quantitative as well as qualitative analytical techniques to provide users, business owners, and industry professionals with accurate and actionable data.

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The North America Wet Pet Food market following are the manufacturers cover –

Blue Buffalo Co., Ltd.

FirstMate Pet Foods

Little BigPaw

Mars, Incorporated

Monge SPA

Petguard Holdings, Llc

Hill’s Pet Nutrition, Inc.

Nestlé Purina Petcare

Butcher’s Pet Care

The leading players of the North America Wet Pet Food industry, their market share, product portfolio, company profiles are covered in this report. Key market players are analyzed on the basis of production volume, gross margin, market value, and price structure. The competitive market scenario among North America Wet Pet Food players will help the industry aspirants in planning their strategies. The statistics presented in this report are an accurate and useful guide to shaping your business growth.

North America Wet Pet Food Market Segment by Type, the product can be divided into:

Dog Food

Cat Food

Others

Market Segment by Application, split into:

Supermarket and Hypermarket

Specialized Pet Shops

Online

Others

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Research Objectives:

-To study and analyze the North America Wet Pet Food consumption (value & volume) by key regions/countries, product type and application, history data.

-To understand the structure of North America Wet Pet Food by identifying its various sub-segments.

-Focuses on the key North America Wet Pet Food manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in the next few years.

-To analyze North America Wet Pet Food with respect to individual growth trends, future prospects, and their contribution to the total market.

-To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

-To project the consumption of North America Wet Pet Food submarkets, with respect to key regions (along with their respective key countries).

-To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

-To strategically profile the key players and comprehensively analyze their growth strategies.

This research report also presents practical and practical case studies to help you get a clearer understanding of the topic. This research report has been prepared through industry analysis techniques and presented in a professional manner by including effective information graphics whenever necessary. It helps ensure business stability and rapid development to achieve notable remarks in the North America Wet Pet Food market.

Finally, North America Wet Pet Food Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report provides locales, economic conditions, item values, benefits, limits, creations, supplies, requests, market development rates, and numbers, etc. North America Wet Pet Food Industry Report Announces Additional New Task SWOT Examination, Speculation Achievement Investigation and Venture Return Investigation.

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Business Market Insights is a market research platform that provides subscription services for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

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[ananya5400]

The global wet pet food market is poised to flourish with an impressive compound annual growth rate (CAGR) of 4.5% from 2023 to 2028. This upward trajectory is projected to catapult the market value from $25.5 billion in 2023 to a remarkable $31.7 billion by 2028.

[packaging2]

Labels Market Key Players, End User, Demand and Consumption by 2032

From 2022 to 2032, when it is projected to reach a value of US$ 63.7 billion, the worldwide labels market is forecast to expand at an average CAGR of 4.8%. By the end of 2022, the labels market is projected to increase from its current estimated value of US$ 37.9 billion to US$ 39.8 billion.

The demand for authenticity and safety across a variety of end-use industry verticals is likely to be the primary driver of the need for smart labels, which will in turn create many growth chances for the labels market over the course of the forecasted year.

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As a result of evolving technology and its integration into the sector, the packaging business is changing, and this transformation is opening up new market opportunities for the labels market. For instance, the market is profiting from RFID technology’s increasing use in the label production industry.

Wide-ranging information may be scanned using RFID technology, which also eliminates human error, lowers employment costs, and makes RFID labels less susceptible to harsh environments. The target market is expanded because to the direct package-to-smartphone connection that is made possible by these technologically enhanced labels.

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The labels market is changing along with technology’s advancement and the packaging industry’s overall use of it, and these changes are presenting new market prospects to the labels market. For instance, the market is benefiting from RFID technology’s growing use in the label business.

RFID technology scans a wide range of information, works without human interference, reduces employment expenses, eliminates human errors, and is less sensitive to adverse conditions than traditional labels. Also, direct package-to-smartphone communication is made possible by these technologically advanced labels, which contributes to the expansion of the target market.

“Growing availability of smart, sustainable, and self-adhesive labels is expected to boost the market growth of labels over the forecast period,” says an FMI analyst.  

Key Takeaways:

Expanding e-commerce and growing digitization to strengthen market prospects.

The U.S. is expected to account for about 83% of the overall sales in North America.

The label market in India is predicted to register a robust 8.8% CAGR.

In 2022, the sensitive labels segment will account for 73% of the market share.

By end use, food segment will grow at a 3.2% CAGR during the forecast period.

Competitive Landscape

CCL Industries Inc., Avery Dennison Corporation, Fuji Seal International, Inc., Huhtamäki Oyj, Amcor plc, Coveris Holding S.A., Multi-Color Corporation, Honeywell International Inc., 3M Company, Klöckner Pentaplast Europe GmbH & Co KG, Anchor Printing, Derksen Company, Traco Manufacturing, Inc., and Resource Label Group, LLC among others are some of the major players in the labels market that are profiled in the full version of the report.

Major market players are focusing on product innovation and releases. These businesses are also employing expansion and acquisition strategies to gain a competitive advantage.

Labels Market Outlook by Category

By Product Type:

Pressure Sensitive Labels

Shrink Labels

Stretch Labels

Wet Glue Labels

Others (In-mold, Pre-gummed, etc.)

By Material Type:

Plastic

Polyethylene (PE)

LDPE

HDPE

LLDPE

Polypropylene (PP)

Polyethylene Terephthalate (PET)

Others

Paper

Foil

By Printing Technique:

Flexographic Printing

Digital Printing

Gravure Printing

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Pet Food Market Is Expected To Witness Higher Demands Till 2030

The global pet food market size is expected to reach USD 139.29 billion to expand at a CAGR of 4.4% from 2024 to 2030 as per the new report by Grand View Research, Inc. The growth is majorly driven by rising demand for organic and natural pet food products due to its numerous nutritional properties.

The global pet food products have witnessed substantial demand over the past few years owing to the advent of online purchasing and notable contribution of e-commerce in shaping and strengthening the industry. Trends influencing the growth of this industry include launches of new products, online private brands, treats, and novel technologies.

Consumers do not prefer traditional products for their pet’s consumption. They try to comprehend the ingredients list and usually opt for healthier available alternative in the market. Consumers prefer made-to-order, frozen, and fresher meals for their pets. Although these types are comparatively expensive, customers are willing to pay more for healthy items for the consumption for their household pets.

The outbreak of COVID-19, which has led to the closure of factories, production units, and manufacturing sites globally, there has been significant decline in the global demand for pet food ingredients and raw materials. Due to the ongoing pandemic, several production plants have been completely or partially shut down while others are running at reduced rates, which may result in a supply-demand gap globally.

Request a free sample copy or view report summary: Pet Food Market Report

Pet Food Market Report Highlights

Dog food accounted for the fastest growth rate of more than 5.1%, owing to the increased awareness regarding dog health and benefits of healthy and balanced dog diet among the dog owners

Dry Cat food type accounted for the fastest growth rate due to its benefits such as cost-effectiveness, ease and convenience of application, and long shelf life. Also, it allows free feeding to the cats which has increased their demand from cat-owners, where the cat prefers to consume round the clock, instead of feeding at specific mealtimes in a day

Pet food manufacturers are extremely focused on enhancing & managing supply efficiency and ensuring their capability to compete with other players by addressing sourcing requirements, improving operating efficiency, reducing lead time, and increasing productivity. Increasing consumer awareness concerning toxicity of synthetic products and the side- effects observed in pets due to the consumption of such products have instigated several manufacturers in developed economies to produce organic pet foods

There are number of people that suffer from pet allergies and hence do not prefer keeping a household pet. This is because of the presence of indoor allergens such as animal dander, molds, and dust mite dropping. There have been numerous cases of people suffering from diseases like asthma due to dog and cat allergies. This factor can be an important restraint of the market.

Pet Food Market Segmentation

Grand View Research has segmented the global pet food market report based on pet type, region:

Pet Food Pet Type Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

Dog

Wet Food

Dry Food

Snacks/Treats

Cat

Wet Food

Dry Food

Snacks/Treats

Others

Pet Food Regional Outlook (Revenue, USD Millions; Volume, Kilotons; 2018 - 2030)

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Italy

Spain

Poland

Ukraine

Russia

Turkey

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Vietnam

Thailand

Australia

Central & South America

Brazil

Argentina

Middle East & Africa

Middle East

South Africa

List of Key Players of Pet Food Market

The J.M. Smucker Company

Nestle Purina

Mars, Incorporated

LUPUS Alimentos

Total Alimentos

Hill’s Pet Nutrition, Inc.

General Mills Inc.

WellPet LLC

The Hartz Mountain Corporation

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Pet Food Processing Market Outlook by Industry Growth, Future Trends, Analysis by Type, Application and Business Opportunities to 2032

The estimated value of the worldwide pet food processing market is anticipated to be USD 5.0 billion in 2022 and USD 8.4 billion by 2032, representing a CAGR of 5.3% over the forecast period of 2022–2032

The pet food processing market is predicted to grow as demand for pet food rises due to the recent trend of pet parenting. Growing pet food processing research and development, as well as technical improvements, are predicted to produce amazing outcomes in terms of new products that will appeal to customers and propel the pet food processing market to new heights.

For the years 2019-2020, the pet dog and cat population has grown at a considerable rate of 3.5 percent. This indicates that more and more people are getting into pet ownership, and the demand for chemical-free, high-nutrition, high-quality food has grown. This is likely to help the burgeoning pet food processing industry.

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Key Takeaways from Market Study

Companies are more likely to explore sustainable pet food processing methods. Companies can also fulfill their CSR obligations by moving to sustainability

US pet food processing market is projected to grow at a CAGR of around 5.8% over the next ten years.

An alternative source of protein could boost profits for businesses while also improving the quality of pet food. With technological advancements, companies are using algae, yeast and insects to make superior quality high protein pet food.

India’s pet food industry is anticipated to be valued at 25 billion INR, with around 29 million pets. As a result, it is a valuable market location for businesses.

Rising pet humanizing trend and growing demand in Europe, the pet food processing market is expected to flourish in this region.

“ The pet food processing market is expected to have significant growth due to the trends and factors like use of animal-free pet food, Natural preservative demand, variety of ingredients, increase in pet keeping and pet humanization trend,” says a lead analyst at Future Market Insights.

Competitive landscape:

Pet food processing companies are more inclined towards research and development to enhance the quality of their products. Manufacturers are using advanced technologies and methods to get superior pet food that is cost-effective and sustainable.

Bond pet inc. use methods that can make their high-protein pet food products animal-free. Crickets are an excellent source of protein in pet food that is both cost-effective and beneficial to animals.

Bergen and Biomega Group use fish by-products from salmon processing units to make pet food of supreme quality. These are used to increase the protein and fatty acid content of pet food, which is quite preferred among pet owners.

Market Segments Covered In Pet Food Processing Market Analysis

By Product Type:

Mixing & Blending Equipment

Forming Equipment

Baking & Drying Equipment

Cooling Equipment

Others

By Form:

Dry Food

Wet Food

By Application:

Dog food

Cat food

Fish food

By Regions:

North America

Latin America

Europe

East Asia

South Asia

Oceania

Middle East & Africa

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About Future Market Insights (FMI)

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Increased Spending on Premium Products to Drive Global Pet Food Market

Triton Market Research presents the ‘Global Pet Food Market’ report sectioned by Animal Type (Cats {Wet Cat Food, Dry Cat Food, Treats & Mixes for Cats}, Dogs {Wet Dog Food, Dry Dog Food, Treats & Mixes for Dogs}, Other Animal Types), by Food Type (Wet Food, Dry Food, Other Food Types), by Distribution Channel (Store-based, Veterinary, E-commerce, Other Distribution Channels), and by Regional Outlook (Europe, Middle East and Africa, Latin America, Asia-Pacific, North America).

The report further discusses the Market Summary, Industry Outlook (Impact Analysis, Porter’s Five Forces Analysis, Market Maturity Analysis, Industry Components, Regulatory Framework, Key Buying Impact Analysis, Key Market Strategies, Drivers, Challenges, Opportunities, Analyst Perspective), Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2023-2030).

Triton Market Research’s report implies that the global pet food market will grow with a CAGR of 7.91% in the forecast years between 2023 and 2030.

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 The expansion of the pet food market is largely driven by the rising number of D2C pet brands & start-ups, as well as owners’ willingness to pay for premium pet food products. The rise in people’s disposable income has enabled them to splurge on premium food. This is also supported by the fact that many owners do not consider spending on pets as a luxury expense and consider them as part of their family.

Also, with the growing awareness, pet owners are finally beginning to understand how their pets’ dietary habits affect their health. Many a time, the nutrition information provided by pet food manufacturers on their product labels may be deceptive. Besides, several pet foods available in the market today contain substances like carbs, sugar, and yeast, which can cause weight gain. Factors such as these affect the pet food market’s growth prospects.

The market in the Asia-Pacific is estimated to grow at the fastest rate globally, over the forecasted period. The regional market is expected to witness strong growth, benefiting from the rise in the pet population and consumers’ increasing focus on pet welfare.

Leading names operating in the pet food market include Nestle Purina Petcare, Diamond Pet Foods, Blue Buffalo Pet Products Inc, Hill’s Pet Nutrition Inc, Champion Petfoods LP, Farmina Pet Foods, Unicharm Corporation, Mars Petcare Ltd, Inaba Foods Co Ltd, and Wellness Pet Company.

The level of industry rivalry is high in the studied market. Established players, such as Nestle Purina Petcare, Mars Petcare Ltd, and Hill’s Pet Nutrition Inc, account for the lion’s share of the market. However, competitors have an advantage due to pricing and novel ingredients. These leading companies have expanded their product lines and increased their emphasis on R&D, which has helped them strengthen their market position. Moreover, several market giants have specialized and improved the scope of their product ranges by acquiring businesses already existing in these areas.

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