The Europe Wet Pet Food Market would witness market growth of 4.7% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 808.7 Kilo Tonnes, showcasing a growth of 1.9% (2019-2022).
Wet pet foods are often recommended for specific health conditions. Veterinarians frequently suggest wet diets for pets with certain medical issues, such as kidney disease or urinary tract problems. The moisture-rich nature of these foods supports urinary tract health and can assist in managing various health conditions, making them a unique and valuable dietary option. It also provides convenience in portion control. They come in pre-portioned servings, eliminating the need for pet owners to measure food daily. This convenience is especially useful for busy pet owners who appreciate the straightforward feeding process offered by wet pet foods.
However, there are concerns about sustainability and the environment due to the rising demand for wet pet food. Environmental problems, such as greenhouse gas (GHG) emissions and wasteful non-recyclable packaging, are a result of packaging and manufacturing processes. By implementing eco-friendly practices, reducing their carbon footprint, and developing sustainable solutions, manufacturers must overcome this challenge.
According to the European Pet Food Federation's (FEDIAF) most current yearly data from 2022, there are approximately 340 million pets in Europe, with 91 million homes (or 46%) having one or more animals. There are about 104 million dogs and 127 million cats in Europe. It indicates that pet ownership in Europe remains high. The industry continues to experience growth in the pet care sector in this region due to the rise in pet adoption rates and the humanization of pets. These factors collectively drive consumers in the region to opt for pet food products that align with their commitment to providing pets with the highest standard of nutrition and care, propelling the market in Europe.
The Germany market dominated the Europe Wet Pet Food Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,246.8 Million by 2030. The UK market is exhibiting a CAGR of 3.8% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.5% during (2023 - 2030).
Based on Pet, the market is segmented into Dog, and Cat. Based on Source, the market is segmented into Animal-based, Plant-derivatives, and Synthetic. Based on Distribution Channel, the market is segmented into Pet Specialty Stores, Supermarkets/Hypermarkets, Convenience Stores, and Online. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Wet Pet Food Market will Hit $35.4 Billion by 2030, at a CAGR of 4.9%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include 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 Country (Volume, Kilo Tonnes, USD Million/Billion, 2019-2030)
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
