Canned pet food is significantly high in moisture as compared with dry or semi-moist pet food products. Canned pet food is commercially sterilized by using various sterilization methods that helps in inactivating the growth of pathogens present in the canned containers. Canned pet food is processed in conformance with low acid canned food regulations which ensures that pet food is free of viable pathogens. Canned pet foods contains rich source of proteins and is lower in carbohydrates as compared with dry pet food products. Canned pet food contains high water content which helps in increasing the overall fluid intake by pets in addition with keeping the pet’s kidneys and bladder healthy. In addition, in canned pet food products the ingredients present are more easily digested and utilized by the pets. Canned pet food is more expensive as compared to dry food due to the sterilization process used for pet food products to deactivate the growth of microorganisms present in the container.
Global Canned Pet Food: Market Segmentation
The global canned pet food market is segmented on the basis of animal type, ingredient type, distribution channel, and region. The canned pet food market is segmented on the basis of animal type such as dog, cat, bird, and others. The global canned pet food market is segmented on the basis of distribution channel such as specialized pet shops, online stores, supermarket/hypermarket, and others (grocery and non-grocery stores). The global canned pet food market is segmented on the basis of ingredient type such as plant derived, animal derived, cereal derivatives, and others. Hence, the global canned pet food market is estimated to significantly increase the revenue contribution over the forecast period.
Global Canned Pet Food Market: Regional Outlook
Geographically, the global canned pet food market can be divided by major regions which include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa. Globally, among all regions, North America has developed as the dominant region in global canned pet food market followed by Europe and Asia Pacific. Increasing demand for canned pet food due to the growing perception of consumers towards pet health, has strengthened the growth of global canned pet food market and hence is projected to significantly expand the revenue contribution of the market over the forecast period.
Global Canned Pet Food Market: Growth Drivers
The major driving factor in the global canned pet food market is the changing preference of customers towards pet health. The demand for canned pet food from developed and developing regions is due to the changing lifestyle of the customers in these regions is another major driving factor for the global canned pet food market. In addition, the demand for canned pet food is increasing due to the growing trend of nuclear families where the pet are treated as family members and the people are more concerned with the eating habits and health of their pets. Canned pet food contains various health benefits for pets as these pet food products is protected from harmful bacteria which is expected to gain more importance during the forecast period. Hence, the global canned pet food market is expected to observe robust growth over the forecast period.
Global Canned Pet Food Market: Key Players
Some of the key players identified across the value chain of the global canned pet food market include
Nestle (Purina), Mars Incorporated, Blue Buffalo Co., Ltd., De Haan Petfood, SCHELL & KAMPETER, INC., Cambrian Petfood, Dave's Pet Food, PROMEAL (Pty) Ltd., WellPet LLC, and INABA-PETFOOD Co.,Ltd. The companies are expected to expand their business by enhancing their product portfolio in global canned pet food market. The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global canned pet food market till 2025.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.