The North America Wet Pet Food Market would witness market growth of 4.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1216.5 Kilo Tonnes, showcasing a growth of 1.4% (2019-2022).
Pet food labeling and regulation by the FDA apply to canned food. It does this by enforcing regulations that guarantee pet food is suitable for consumption by animals, free of artificial additives and preservatives, and accurately labeled. Meat, salmon, grains, and poultry are examples of ingredients that don't need premarket approval because they are deemed safe. Various state governments, federal agencies, and the FDA all oversee food labeling. The FDA verifies that the correct product name, identification, net quantity statement, and ingredient listing, with usage information listed from maximum to minimum, are all present.
Several major companies are focusing on introducing new products, forging alliances, and enlarging their manufacturing facilities in order to boost their revenues and market shares. The main tactics employed by businesses in the market are geographic expansion to capitalize on emerging economies, strategic purchases to gain access to the vast supply chain, and the introduction of novel products as a result of significant research and development (R&D) efforts.
Pet owners in North America are increasingly aware of the importance of optimal pet nutrition. They prioritize their pets' health and well-being, seeking high-quality pet food options. In North America, pets are often considered family members, leading pet owners to seek high-quality pet food that mirrors human-grade quality. According to the American Pet Products Association's 2023–2024 National Pet Owners Survey, 86.9 million American households—or 66% of all households—own pets. According to the same source, there are approximately 65.1 million dog families in the US and 46.5 million cat households. These dynamics are indicative of a shifting consumer landscape, where pet owners are committed to providing their pets with the best possible nutrition and care, thereby boosting the market for wet pet foods.
The US market dominated the North America Wet Pet Food Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $9,099.9 Million by 2030. The Canada market is experiencing a CAGR of 6.6% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Wet Pet Food Market is Predict to reach $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)
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