MarketResearchNest.com adds “Global Wet Pet Food Market 2017-2021” new report to its research database. The report spread across 71 pages with table and figures in it.
Research analysts forecast the global wet pet food market to grow at a CAGR of 5.66% during the period 2017-2021.
About Wet Pet Food
Wet pet foods have significantly higher moisture content than dry pet foods because they contain about 70-85% water mixed with dry ingredients. The transportation and shipping of wet pet foods are more expensive than dry pet foods. Hence, wet pet foods are priced higher than dry pet foods. As wet pet foods have more protein and fat contents that dry pet foods, pets often perceive wet pet food to be tastier than dry pet foods. Also, most of the wet pet foods do not contain any preservatives, and so, are meant for quick consumption.
Covered in this report
The report covers the present scenario and the growth prospects of the global wet pet food market for 2017-2021. To calculate the market size, the report considers sale of wet pet food products to individual consumers.
Browse full table of contents and data tables at https://www.marketresearchnest.com/global-wet-pet-food-market-2017-2021.html
The market is divided into the following segments based on geography:
Technavio’s report, Global Wet Pet Food Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Wet Pet Food Market 2017-2021
Technavio recognizes the following companies as the key players in the global wet pet food market: Beaphar, Blue Buffalo, Colgate-Palmolive, Mars, Nestlé, and WellPet.
Other Prominent Vendors in the market are: De Haan Petfood, Evanger’s, Harringtons Foods, MONGE SPA, PetGuard, PLATINUM, Spectrum Brands, and Sunshine Mills.
Commenting on the report, an analyst from Research team said: “One trend in the market is premiumization of wet pet food products. Pet owners are increasingly buying premium products for their pets, as they consider pets as a part of their family and want to provide them with the best. Childless couples and single parents are adopting pets. To ensure the pets receive appropriate nutrition and care, the pet owners are willing to pay a premium for good-quality pet care products including food, supplements, and grooming items.”
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According to the report, one driver in the market is increase in pet ownership. Living with pets has been linked to significant health benefits like reduced blood pressure, anxiety, and stress. Children exposed to pets at a young age tend to have strong immune systems. Pet owners tend to have milder responses to/quicker recovery from stress. According to the Center for Disease Control and Prevention (CDC), owning a pet has been linked to lower the blood pressure, especially in hypersensitive patients with high BP, and also, many pet owners have reported lower cholesterol and triglyceride levels.
Further, the report states that one challenge in the market is increasing instances of pet allergies among owners. The increasing instances of pet allergies among consumers is one of the challenges inhibiting the growth of global wet pet food market. Cryptosporidiosis and other pet diseases are often transmitted to humans, especially children. Some of the proteins found in the saliva and urine of pet cats and dogs tend to cause skin allergies in people. Most of the allergies in pet owners, for example, asthma and allergic rhinitis are caused by their pet dogs or cats. In 2015, 50 million Americans were found to have caught allergies, such as trigger itching, coughing, asthma, and wheezing from their pet cats.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Mr. Jeet Jain