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 share. 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.
Cats are one of the common household pets across the globe. They have specific requirements for their dietary nutrients, such as high-quality proteins and meat-predominant amino acids. Most cat food comes in either dry form or wet form (canned or in pouches). These foods are formulated with minerals, amino acids, and vitamins that are pertinent for good health. Cat food offers vital nutrients for maintaining weight and energy requirements. Its consumption also helps in combating skin allergies and infections and improving the overall health and life expectancy of cats.
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Market Trends:
The global market is majorly driven by widespread cat adoption. In line with this, the rising consumer awareness regarding the benefits of natural and organic pet food products is creating a positive outlook for the market. Furthermore, the growing demand for dry food due to its convenience in storage and feeding cats is catalyzing the product uptake. Apart from this, the increasing pet humanization trend among pet parents is significantly contributing to the market across the globe. Moreover, key players are investing heavily in product innovation and strategic partnerships to expand their market presence. Besides this, rapid urbanization and the escalating demand for specialized cat food products with specific health benefits are also providing a boost to the market.
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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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