Reports & Insights freshly released a new report entitled as “Cat Food Market: Opportunity Analysis and Future Assessment 2022-2030”, in which the base year is considered for the study is 2021, estimated year is 2022, and the forecasted year is considered 2023-2030. The global Cat Food Market in 2022 is estimated for more than US$ xx Bn and expected to reach a value of US$ xx Bn by 2030 with a significant CAGR of 5.7%. The report promises to offer its clients with an absolute across-the-board, premium quality primary data about the market prospects and in-depth knowledge of the trends prevailing in the market. The report further aims to provide a quantitative and qualitative synopsis of the theoretical framework and rational approach of the market expatiate using certified research methodologies and proficient expertise.
The global cat food market is estimated to reach at a value of US$ 6.4 Bn by the end of 2020 and expected to reach at a value of US$ 10.0 Bn by 2028 with a significant CAGR of 5.7%
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Cat Food Introduction
Cats have become one of the trendiest and favorite companion pets all around the world as they are tiny, independent by nature, and can keep themselves neat and nurtured. Cats usually have their positive qualities, such as they are easy to take care of, maintain their own cleanliness, and their delightful antics, making them a lovely pet for any family. Conventionally, the cat owners fed them with milk and home-cooked food, which includes scraps and leftovers from the family dinner table. Having said that, companion animals, especially dogs and cats, have essential requirements for specific minerals that need to be provided in their food. Reportedly, in the United Kingdom, wet pet foods, such as pouches and tins are fed to nearly 77% of cats and 41% of dogs, generally along with snacks and treats, including dinner table leftovers and scraps or other complementary foods.
In addition, Cats need a number of distinct kinds of nutrients to live a healthy and long life: fatty acids and carbohydrates, amino acids from protein, minerals, vitamins, and water. Owing to the fact that cats are carnivorous animals, they infer the majority of their proteins from fish, meat, and other animal products. Some of the animal-based protein is simpler and easier to digest than plant-based protein and is more appropriate to the cat’s food composition and calorie intake. Consequently, the demand for commercially prepared cat food has progressively elevated across the world as it provides essential nutrients for sustaining the weight and energy requirements of cats.
Cat Food Market Dynamics
Majority of the people around the world relish animals, either their own pets, the pets of others, or just animals in general. However, only a few of them realize that animals also have their own needs and require proper nourishment and maintenance. Thus, putting a little thought into the calorie intake and food composition of the pet can pay positive outcomes over their lifespan and quite possibly aid them to prevent severe, awful, and pricey illnesses. The surging trend of nuclear families and owning a pet, in the present day world, is one of the major factors that is driving the growth of the global cat food market.
With the same token, pet humanization is further propelling the growth in the adoption of companion animals across the world, thereby boosting the growth of the global cat food market. In addition to that, cats are making up as much better pets in comparison to dogs owing to their happy and positive traits, resulting in higher adoption of cats as pets across the world. Such factors further leverage numerous growth opportunities for the global cat food market in the forthcoming years.
Moreover, people owning a pet, nowadays, are more conscious and aware about the food fed to their pets, and deliberately feed nutritional food to their pets, which in turn further stimulated the demand for commercially prepared pet food, thereby projected to give major breakthroughs to the growth of the global cat food market in the years to come. Apart from this, the leading manufacturers of pet food are constantly focusing on enhancing their products, using locally produced ingredients that offer digestive benefits.
Besides that, the key players of the market are also introducing an extensive range of premium pet food items, including natural, organic, as well as gluten-free alternatives, in order to broaden their product portfolio. On top of that, they are also using creative and attractive packaging solutions to draw a distinction in between their products and other competitors functioning in the industry, such as convenient reclosable bags, stand-up pouches, and single-serve pouches and bags. Attributing to which, the global cat food market is expected to witness significant growth in the coming years.
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Cat Food Market Segmentation
The global cat food market is segmented on the basis of product, pricing, ingredient, distribution channel, and regions. On the basis of product type, the cat food market is segmented into Dry cat food, cat treats, and wet cat food. On the basis of pricing, the market is categorized into mass products and premium products. Further, the cat food market is segmented on the basis of ingredient type into animal derivatives and plant derivatives. Furthermore, the market is bifurcated on the basis of distribution channels into Supermarkets and Hypermarkets, Specialty Stores, Online Stores, and Others.
The research report classifies the global cat food market based on product type, pricing type, ingredient type, distribution channel, and regions.
By Product Type
- Dry Cat Food
- Cat Treats
- Wet Cat Food
By Pricing Type
- Mass Products
- Premium Products
By Ingredient Type
- Animal Derivatives
- Plant Derivatives
By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- North America
- Latin America
- Asia Pacific
- Middle East
Cat Food Market Key Players
The global cat food market is dominated by Mars Petcare, The J.M. Smucker Company (Big Heart Pet Brands), Colgate-Palmolive (Hill's Pet Nutrition Inc.), Nestle Purina PetCare, Blue Buffalo Co., Ltd., CANIDAE Pet Foods, among others.
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