NEWARK, Del., Oct. 30, 2022 (GLOBE NEWSWIRE) — The Global Wet Pet Food Market is expected to reach a valuation of $36 billion by 2032, with revenue growing at a moderate CAGR of 5.3% from 2022 to 2032. Wet pet food market sales accounted for 19.2% of total pet food market revenue in 2021. It is estimated that the target market will continue this growth in 2022-2032. Driven by rising pet adoption as well as growing propensity among pet owners to give wet food to their pets, the target market is expected to grow to an estimated US$21.5 billion in 2022 driving the global sales of wet pet food market during the forecast period.
Wet pet food has a higher water content (about 70-80%) and is the softest of the three forms of pet food. It’s usually made by grinding the protein sources or meat ingredients together, followed by a sauce made up of minerals, vitamins, and grains. In the final step, this mixed food ingredient dough is cooked and sterilized to produce the final canned product.
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In recent years, the wet food market has seen increased demand due to the growing consumer awareness of the various benefits of wet food. Wet food helps pets stay hydrated and avoid UTIs because it contains a higher moisture content. Likewise, wet pet food is lower in carbohydrates and can prevent weight gain in pets.
In addition, more and more pet owners are choosing to buy quality products for their pets. Because pet owners want to make sure their pets get the best nutrition and care. This aspect alone is a major growth driver for the target market. Again, with the increasing number of small families and couples with pets, the wet pet food market is expected to grow as well…
