The global cat food market reached a value of US$ 31.6 Billion in 2018. Cats are one of the most popular companion pets around the world as they are small, independent by nature, and can keep themselves groomed. Traditionally, owners fed their cats with milk and home-made food, which included leftovers and scraps from family meals. However, the demand for commercially prepared cat food has gradually increased worldwide as it offers vital nutrients for maintaining the weight and energy requirements of cats. It also aids in combating skin allergies and infections as well as improving the overall health and life expectancy of cats.
On account of the increasing pet humanization and the growing trend of nuclear families, the adoption rate of cats is increasing, especially among the young population. These factors have impelled the demand for cat food across the globe. Moreover, the growing awareness among cat owners about nutritional diversification is positively influencing them to opt for customized treats and food products. Besides this, with the rising demand for cat food that is prepared using locally produced ingredients and offers digestive benefits, manufacturers are launching a wide variety of premium pet food items, such as organic, natural and gluten-free variants, to expand their product portfolio. They are also utilizing innovative packaging solutions to differentiate their products from other competitors operating in the industry. Furthermore, the introduction of cat food in convenient stand-up pouches, re-closable bags, and single-serve pouches and bags is also impelling the market growth worldwide. Looking forward, IMARC Group expects the market value to reach US$ 36.5 Billion by 2024, at a CAGR of 2.4% during 2019-2024.
Breakup by Product Type:
Dry cat food currently represents the most preferred product around the world as it is cheaper, easy to store and can be left out for the cat to nibble.
Breakup by Pricing Type:
At present, mass products exhibit a clear dominance in the market on account of their affordable prices.
Breakup by Ingredient Type:
Animal-derived cat food accounts for the majority of the total market share as these ingredients offer high nutritional value.
Breakup by Distribution Channel:
Supermarkets and hypermarkets hold the largest share as they offer pet owners different product varieties and brands of pet food to choose from.
On the geographical front, North America enjoys the leading position in the market on account of the increasing pet ownership in the region. Apart from this, the emergence of private label brands is also strengthening the growth of the market.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are:
Key Questions Answered in This Report:
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