Cat Food Market
Cat Food Market Report, Size, Share, Growth, Trends, Demand, Forecast 2023-2028
According to the latest report by IMARC Group, titled “Cat Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on cat food market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global cat food market size reached US$ 34.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.9 Billion by 2028, exhibiting a growth rate (CAGR) of 3.45% during 2023-2028.
Cat food is a specialized dietary provision designed to cater to the nutritional requirements of domestic cats. This product range encompasses a variety of formulations that include dry kibble, moist canned food, and semi-moist types, each tailored to meet the specific health needs and taste preferences of felines. The composition of cat food is meticulously balanced with proteins, fats, carbohydrates, vitamins, and minerals to support overall health, considering that cats are obligate carnivores requiring a diet rich in meat. Premium cat foods often incorporate specific ingredients like omega fatty acids, taurine, and fiber to aid in digestion, improve coat health, and support cardiac function. The benefit of high-quality commercial cat food is its contribution to the longevity and vitality of cats, providing complete and balanced nutrition that is often challenging to achieve with homemade meals.
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Market Trends:
The global cat food market is majorly driven by increasing pet ownership and the anthropomorphism trend where pet owners treat their cats as family members and are willing to spend on high-grade pet food. Along with this, the rise in awareness of pet health and nutrition is leading to a demand for premium, natural, and organic cat food products that promise enhanced health benefits and are free from artificial additives. With the rise of the ‘pet parent’ phenomenon, there is a growing market segment favoring specialty diets, including grain-free, limited ingredient diets, and veterinarian-recommended formulations. In addition, the rise in online retail for pet food, which has amplified during the pandemic as consumers seek contactless purchasing options, is significantly supporting the market. Moreover, the industry is also witnessing the entry of personalized cat food services, offering customized meal plans based on individual cat’s health needs and taste preferences.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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
Cat Food Market Segmentation:
Our report has categorized the market based on region, product type, pricing type, ingredient type and distribution channel.
Breakup by Product Type:
Dry Cat Food
Cat Treats
Wet Cat Food
Breakup by Pricing Type:
Mass Products
Premium Products
Breakup by Ingredient Type:
Animal Derivatives
Plant Derivatives
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Specialty Stores
Online Stores
Others
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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