Future Prospects of Global Laboratory Proficiency Testing Market

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Laboratory Proficiency Testing Market  The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Laboratory proficiency testing involves evaluating the performance of laboratories for a given scope of testing through inter-laboratory comparisons. It helps assess the quality and competence of laboratories by determining reproducibility and accuracy of test results. Proficiency testing products are used by laboratories to determine method validity and accuracy, and improve testing processes. Market Key Trends: One of the major trends in the laboratory proficiency testing market is the growing number of accredited medical laboratories. Accreditation assures compliance with ISO 15189 and ISO/IEC 17025 standards, which require participation in proficiency testing programs. Acc...

Demand of Global Cat Wet Food Market and its Outlook

Cats have a higher protein demand and a lower carbohydrate requirement. Fish and chicken are used as animal protein sources in cat wet food. Roasting, extraction, and fermentation are all processes for extracting flavour and extracts from animal sources. Plant protein, which has a low biological value and is unsuitable for cats, is found in the majority of dry cat food. Due to the conversion of food into fat, a high carbohydrate diet causes diseases such as diabetes and feline asthma in cats. As a result, in order to meet the nutritional needs of cats, cat wet food is gaining a lot of traction over cat dry food. Cat wet food is prepared individually for kittens and adult cats based on protein and fat content and sold through various distribution channels such as specialty pet care stores, hypermarkets, and supermarkets.

The inclination of cat owners to feed their cat wet food is driving the rise of the global cat wet food market demand. This is due to the fact that cat wet food delivers superior nourishment to cats who have lost their appetite due to illness. However, the greater cost of wet cat food compared to dry cat food is projected to limit the market's expansion. Furthermore, wet cat food has a shorter shelf life than dry cat food and requires refrigeration once the can is opened, limiting market expansion. On the other hand, the availability of cat snacks, which are also accessible in a wet form, is likely to provide a lucrative possibility for future market expansion.


Cat Wet Food Market
Cat Wet Food Market


Global Cat Wet Food Market Outlook

The specialty stores market is expected to grow significantly over the forecast period, based on distribution channel. This is due to significant players in speciality retailers launching more new products. In March 2017, Nestle Purina Pro Plan introduced a new prime plus adult 7+ formula to help cats' health. The Prime Plus adult 7+ formula was launched only in specialist pet care stores across the United States. The product contains antioxidants, prebiotic fibres, omega 3 and omega 6 fatty acids, and comes in four wet options: Salmon & Tuna Entree Classic, Ocean Whitefish & Salmon Entree, Turkey & Giblets Entree, and Chicken & Beef Entree Classic.

In 2017, the worldwide cat wet food market was dominated by North America. It is expected to maintain its dominance during the projection period, owing to a higher presence of cat wet food makers in the region. Mars Pet Care Inc., Nestle Purina Pet Care, Hill's Pet Nutrition Inc., and Big Heart Pet Brands, all based in the United States, offer a diverse cat wet food product portfolio and a well-established distribution network across North America.

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