The global cat food market was worth US$ 31.6 Billion in 2018. The market is further projected to reach US$ 36.5 Billion by 2024, growing at a CAGR of 2.4% during 2019-2024. Cats represent one of the most popular companion pets worldwide as they are independent by nature and easy to keep in terms of care. Although owners usually feed their cats with milk and home-made food, the demand for specific food is increasing as it provides essential nutrients for maintaining the weight and energy requirements of the cats. In addition, commercially available cat food also helps in combating skin allergies and infections as well as improving the overall health and life expectancy of cats. On the other hand, the demand for premium cat food is rising among the owners of pedigree breeds which are often viewed as status symbols.
Global Cat Food Market Drivers/Constraints:
Breakup by Product:
On the basis of product type, the market has been segmented into dry cat food, cat treats and wet cat food. Currently, dry cat food is the most popular product type.
Breakup by Pricing:
Based on pricing, mass products dominate the market, accounting for the majority of the global market. Mass products are followed by premium products.
Breakup by Ingredient:
On the basis of ingredient, the report finds that animal-derived cat food is the largest segment, followed by plant-derived cat food.
Breakup by Distribution Channel:
Based on the distribution channel, the market has been categorised as supermarkets and hypermarkets, specialty stores, online stores and others. Amongst these, supermarkets and hypermarkets account for majority of the total cat food sales worldwide.
On a geographical front, North America represents the leading market for cat food. Other major regions include Western Europe, Asia Pacific, Latin America, Eastern Europe, and Middle East and Africa.
The cat food market is highly concentrated with the presence of a handful of manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
This report provides a deep insight into the global cat food industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a cat food manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the cat food industry in any manner.
Key Questions Answered in This Report:
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