New York, United States, April 08, 2024 (GLOBE NEWSWIRE) -- The Global Cat Food Market Size is expected to Grow from USD 35.7 Billion in 2023 to USD 48.9 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 3.20% during the projected period.
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Cat food is pet food that has been specially made to satisfy cats' dietary needs. A well-balanced diet is essential for cats since it meets their specific nutritional requirements and enhances their overall health and well-being. It is made with premium animal protein sources, including chicken, turkey, fish, or cow. Iron, salt, zinc, calcium, vitamins, minerals, phosphorus, magnesium, proteins, carbohydrates, lipids, and other vital nutrients are all abundant in it. Additionally, fatty acids are present and maintain healthy skin, shiny coats, and other bodily functions. The increasing number of people adopting cats as pets is one of the many reasons driving the global cat food industry, contributing to its rise. The growing popularity of cats has led to a rise in the market's demand for cat food.
Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the "Global Cat Food Market Size, Share, and COVID-19 Impact Analysis, By Type (Wet Food, Dry Food, Treats & Others), By Distribution Channel (Online, Supermarkets & Hypermarkets & Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The wet food segment is expected to hold the largest share of the global cat food market during the predicted timeframe.
Cat Food market is classified by type into wet food, dry food, treats and others. Among these, the wet food segment is expected to hold the largest share of the global cat food market during the predicted timeframe. Because cats are naturally carnivorous, they get most of their water from their food because of the high moisture content and proper nutrition.
The supermarkets and hypermarkets segment are expected to hold the largest share of the global cat food market during the anticipated period.
On the basis of the distribution channel, the global cat food market is divided into online, supermarkets and hypermarkets, and others. Among these, the supermarkets and hypermarkets segment are expected to hold the largest share of the global cat food market during the anticipated period. because of the availability of unique and specialty products. One of the main advantages of purchasing cat food from a supermarket or hypermarket is convenience. Since these establishments are typically located in easily accessible areas, they provide pet owners a quick and easy option to obtain the essential quantities of cat food.
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North America is anticipated to hold the largest share of the global cat food market over the predicted timeframe.
North America is anticipated to hold the largest share of the global cat food market over the predicted timeframe. The number of people that own pets in North America is growing for many of reasons, including more disposable money, changing attitudes toward pets and their role in households, and improvements in pet nutrition and care. According to projections made by the American Pet Products Association (APPA), 66% of American households, or 86.9 million households, are expected to own pets by 2023.
Throughout the projected period, Europe is anticipated to increase at the quickest rate. The European Pet Food Organization projects that over 90 million families in Europe will own pets in 2022, including 110 million cats and 90 million dogs. As a result, it is anticipated that throughout the projection period, factors such the growing pet food industry and the growing popularity of cats would boost product demand.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Cat Food Market include Mars Petcare, Nestle Purina PetCare Company, Hill's Pet Nutrition, J.M Smucker, Diamond Pet Foods, Affinity Petcare SA, Evanger’s Dog and Cat Food Company Inc., Fromm Family Foods LLC, Nutro Products Inc. and others.
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Recent Developments
- In February 2023, Mars Petcare has effectively bought Champion Pet foods, a Canadian pet food company, in order to broaden its product offering.
- In November 2023, Hill's Pet Nutrition produced complete-and-balanced dry and wet cat formulas to meet the nutritional needs of cats with cancer.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Cat Food Market based on the below-mentioned segments:
Global Cat Food Market, By Type
- Wet Food
- Dry Food
- Treats
- Others
Global Cat Food Market, By Distribution Channel
- Online
- Supermarkets and Hypermarkets
- Others
Global Cat Food Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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