The Global Wet Pet Food Market is estimated to be valued at USD 39.2 bn in 2024 and is expected to reach USD 112.6 bn by 2031, growing at a compound annual growth rate (CAGR) of 14.1% from 2024 to 2031. Pet ownership has increased globally with owners perceiving their pets as family members and willing to spend more on premium food varieties. This has propelled the demand for wet pet food which is more nutritious and appetizing for pets compared to dry food variants.

The wet pet food market is expected to witness strong growth over the forecast period. Rising pet humanization trend and increasing nuclear families with dual-income households have boosted demand for high quality pet food including wet varieties. Busy lifestyles have also increased preference for easily serving wet foods. Furthermore, growing awareness about balanced nutrition and various health benefits of wet food over dry kibble is driving the market.

Market Driver - Increasing Consumer Preference for Natural, Clean-Label Ingredients in Food and Beverages

As more and more consumers are becoming aware of the ingredients used in their food products and how those ingredients can impact their health, the demand for natural and clean-label pet food has significantly rose over the past few years. Pets are considered as part of the family by many households nowadays and people want only the best for their furry companions. Several studies have found links between certain artificial preservatives, colors, and flavors used in pet food with negative health issues in pets. This has scared consumers and reduce the trust in brands that use artificial or chemical-sounding ingredients in their products.

People today are making more informed purchase decisions after thoroughly checking the ingredient labels. Terms like "natural", "preservative-free", "grain-free" are big marketing USPs now. The clean-label revolution started in human food and have now significantly influenced pet owners' preferences. Even premium pet food brands that did not earlier emphasize on natural positioning had to reformulate their products. Variants with natural appeal are particularly selling well.

Consumers are also actively participating in online communities and researching best practices of feeding pets. This awareness helps them identify ingredients to avoid colors, flavors, preservatives and look for alternative options. Brands are formulating products grounded in nutritional science to meet these evolving needs. For example, instead of artificial preservatives, they are using natural preservatives like vitamin E or citric acid. Region-specific products customized for dogs and cats with nutritional needs pertaining to lifestyle and local environment are further helping gain consumer confidence.

Market Driver - Rising Awareness of Health Benefits of Fermented Products, Especially Probiotics

There is a growing body of research that connects the gut health of pets with their overall well-being much like in humans. Studies show fermented ingredients like probiotics support digestive health, strengthen immunity and provide various other health benefits. The concept of probiotics is no more limited to yogurts and supplements for humans, it has got widely accepted and integrated into premium pet food as well. Consumers have started recognizing probiotics as "friendly bacteria" that balance the gut microflora and create a barrier against potential threats.

A probiotic-rich diet is especially important for pets that are prone to digestive issues like dogs and cats. It promotes absorption of nutrients and counteracts risks from antibiotics or situations of high stress. With progressive modern lifestyles, pets also face comparable health challenges as humans do because of factors like limited access to outdoors, processed packaged food lacking nutrients. Fermented ingredients fortify their gut in natural ways without any known side effects. Brands have capitalized on research studies to highlight probiotic credentials of their products. Innovations like fermenting specific meat varieties or adding probiotic supplements have given consumers more choices.

Through various marketing campaigns using influential experts and KOLs in pet health space, awareness about these "good bacteria" have significantly increased among pet owners. This has become a key driver of parental decisions towards premium products with live probiotic cultures.

Market Challenge - Strict Regulatory Standards and Lengthy Approval Processes in Regions Like EU and the U.S.

One of the major challenges faced by the wet pet food market is the strict regulatory standards and lengthy approval processes that manufacturers must follow, particularly in regions like the European Union and United States. In these markets, all pet food products must undergo extensive safety testing and obtain regulatory approval before hitting the shelves. This can include microbiological and nutritional analysis as well as packaging and labeling compliance. The approval timelines vary between products but on average take 9-12 months for new formulas or ingredients to clear testing and receive the green light. This significantly impacts the speed at which companies can innovate and launch new products, putting them at a disadvantage compared to markets with more flexible regulations. The stringent rules also increase costs substantially throughout the product development phase. Gaining approvals across multiple international markets requires even more investment of time and capital. Complying with constantly evolving standards further burdens manufacturers. While regulations are important for quality assurance, the cumbersome nature of the system presents a major obstacle for growth and agility within the wet pet food industry.

Market Opportunity- Growing Demand for Plant-Based Fermented Ingredients

The wet pet food market has an opportunity arising from the growing popularity of veganism and interest in more sustainable ingredients. As more owners adopt vegan or plant-based diets for themselves, they look for similar options for their pets that are nutritious as well as environmentally-friendly. Fermented plant proteins are gaining attention due to their ease of digestion and high nutritional value as an alternative to meat-based ingredients. Using strains of fungi and bacteria that break down plant material, manufacturers can create savory, meat-like textures from vegetables, grains and legumes that appeal to both cats and dogs. The production process enhances the protein and amino acid content as well. With ongoing consumer demand for vegan products, the fermentation of plant-based ingredients provides a meaningful opportunity for pet food brands to attract new customers seeking sustainable options without compromising on pet nutrition or taste.

Product Innovation and Health-Focused Formulations:

• Companies are developing premium wet pet food products enriched with high-quality ingredients like lean meats, organic vegetables, and functional ingredients (e.g., probiotics, antioxidants, omega-3 fatty acids) to support pet health. This appeals to pet owners who prioritize health benefits, including digestion support, joint health, and immune function.
• Recognizing the growing trend toward grain-free diets, many brands are introducing grain-free, hypoallergenic formulations to cater to pets with specific dietary sensitivities and pet owners concerned about food allergies.

Sustainable and Ethical Sourcing:

• Key players are increasingly focusing on sustainable packaging solutions, such as recyclable, biodegradable, or reusable containers, in response to consumer demand for eco-friendly options.
• Many companies are ensuring that ingredients, particularly proteins, are sourced responsibly, emphasizing sustainable fisheries, humanely raised livestock, and organic farms. This aligns with consumer values around animal welfare and environmental sustainability.

E-Commerce Expansion and Direct-to-Consumer (DTC) Models:

• To ensure convenience and regular product delivery, companies are offering subscription-based models that allow pet owners to have wet pet food delivered to their doorsteps. This model also helps build brand loyalty and increases repeat purchases.
• Key players are investing in e-commerce platforms and digital marketing strategies, reaching consumers directly through company websites, social media, and targeted online ads. This expansion meets the growing demand for online shopping and allows companies to reach a broader audience.

These strategies enable wet pet food brands to cater to health-conscious, environmentally aware pet owners who value convenience and customization.

Insights, By Type, Superior Nutritional Benefits Drive Organic Acids Demand

By Type, Organic Acids are projected to contribute 34.3% in 2024 owing to their numerous nutritional benefits. Organic acids serve as an important source of energy, building blocks and precursors for many biological molecules. They play a critical role in many metabolic pathways and are involved in cellular signaling and cellular communication. Some of the key organic acids used in pet food include citric acid, lactic acid, and acetic acid.

Citric acid derived from citrus fruits is the most commonly used organic acid. It possesses excellent buffering capacity and helps regulate pH levels in pets. This is crucial for proper digestion and absorption of nutrients. Citric acid also supports immune function by enhancing iron absorption from dietary sources. Lactic acid produced via fermentation enhances palatability and helps preserve wet pet foods. It is known to improve lactose digestion and boost calcium absorption in pets. Acetic acid from vinegar is another popular organic acid appreciated for its strong antimicrobial properties. It protects against pathogenic bacteria and food spoilage.

The nutritional superiority of organic acids compared to mineral or synthetic acidulants is a major driver for their increased use in pet food formulations. Research shows organic acids derived from natural sources lead to better nutrient bioavailability and feed efficiency in pets. This translates to improved growth, health and wellness. As pet owners become more educated about the link between nutrition, diet and overall pet wellbeing, the demand for high quality, natural ingredients like organic acids in wet pet foods will continue rising. Leading pet food brands are actively marketing products with clean labels featuring recognizable organic acids to tap into this consumer trend.

Insights, By Form, Superior Nutrition and Palatability Propel Liquid Form Demand

By Form, the Liquid segment is projected to contribute 39.2% in 2024 owing to its superiority in delivering nutrition and maximizing palatability. Liquid pet food is highly digestible as it does not require mastication like dry kibble. This makes it the preferred form for senior, sick or convalescing pets with weak jaws or poor chewing abilities. Liquids are also suitable for puppies and kittens transitioning to solid food as it mimics the texture of milk.

The high moisture content in liquid pet food enhances palatability multi-fold compared to dry varieties. Many pets show natural preference for liquids and gravy-like textures. Leading manufacturers leverage novel extrusion and cooking technologies to infuse appetizing flavors, aromas and mouthfeel into liquid products. These entice stubborn eaters prone to fussiness or lack of appetite. Liquid blends allow for incorporation of supplements, probiotics and nutrients in an easily consumable slurry.

As pet owners dedicate more attention and budget towards nutrition, liquids cater well to demand for convenient, premium formulated diets. While dry kibble remains popular for cost and storability, liquids are gaining household penetration backed by perceptions of superior nourishment. Top brands strategize on liquid product lines targeted for specific life stages, activities or health goals. Convenience stores now stock a variety of chilled, pouch format liquid meals meeting on-the-go feeding needs.

Insights, By Process, Continuous Mode Maximizes Resource Yield in Fermentation

By Process, Continuous Fermentation contributes the highest share owing to its advantage in maximizing resource utilization over batch fermentation. In continuous fermentation, the substrate and microbes are kept in constant, active contact within a fermentor vessel. New substrate is continuously fed into the system while the end-product is harvested at a similar rate from the other end.

This provides several operational efficiencies over batch fermentation where the substrate and microbes are introduced together for fermentation in one batch followed by harvest. Continuous mode allows constant, predictable product formation matched to demand schedules. Microbial cells are retained within the fermentor for longer durations, enhancing cell density and overall reaction rates. It leverages bioengineering principles to maintain ideal operational parameters like pH, temperature and nutrition supply for peak microbial performance.

Continuous fermentation optimizes fermentor residence time, volumes and flow rates to derive maximum microbial biomass and product yield from the available resources. Less raw material is wasted in start-up and shut down phases compared to multiple batch cycles. It demands less manual intervention for larger scale and consistent production. Automation technologies enable close monitoring and control over contaminations. Leading manufacturers have implemented Industry 4.0 protocols within continuous fermentation systems for wet pet food production to reap higher productivity benefits.

The fermented ingredients market is experiencing significant growth as consumers increasingly seek natural, organic products with health benefits. Key segments include organic acids and amino acids, which are essential in food preservation and nutrition. Market growth is bolstered by the adoption of clean-label products, plant-based ingredients, and the expanding use of fermentation in personal care and pharmaceuticals. Innovations in AI and fermentation technology are enhancing product quality and efficiency, supporting diverse applications in the food, pharmaceutical, and biofuel sectors. Overall, the market’s growth trajectory is driven by consumer awareness of health benefits, demand for sustainable ingredients, and regulatory support promoting natural products.

The major players operating in the Wet Pet Food Market include Chr. Hansen A/S, DuPont, AngelYeast Co., Ltd., Lallemand Inc., Lonza, Vander Mill, LLC, Citizen Cider LLC, Indiacocoa, Red Boat and Squid.

• In October 2023, New Culture announced plans to launch vegan mozzarella cheese made with precision fermentation, aiming to replicate traditional mozzarella using animal-free casein, following a successful funding round of USD 25 million.
• In October 2023, De Novo Foodlabs commercialized NanoFerrin, a nature-identical lactoferrin alternative, targeting health-conscious consumers with an affordable and sustainable solution.

• By Type
  • Organic Acids
  • Amino Acids
  • Antibiotics
  • Industrial Enzymes
  • Others
• By Form
  • Liquid
  • Dry
  • Others
• By Process
  • Continuous Fermentation
  • Batch Fermentation
  • Anaerobic Fermentation
  • Aerobic Fermentation
• By Application
  • Feed
  • Food and Beverages
  • Pharmaceuticals
  • Personal Care
  • Others