According to the latest report by IMARC Group, titled “Cat Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global cat food market reached a value of US$ 32.2 Billion in 2020. Cats are considered naturally independent animals and require minimal supervision. Owing to this, they have proven to be an ideal pet for people who reside in smaller spaces or lead a busy lifestyle. As cats are obligate-carnivorous animals, they mostly rely on animal-based products for optimal health. On account of this, cat food majorly includes animal proteins including taurine and arginine along with essential fatty acids, fiber, lipo- and hydro-soluble vitamins, and minerals such as sodium, magnesium, iodine, zinc, iron, etc. In the near future, cat adoption in developed regions is expected to increase which will give a boost to the overall cat food sales.
Get a sample copy of this Report: https://www.imarcgroup.com/cat-food-market/requestsample
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Cat Food Market Trends:
Nowadays, cat owners are more aware about the health and wellness of their cats on account of which they take note of the ingredients in cat food and are shifting towards good-quality products. This is one of the primary factors which is driving the growth of the cat food market. In addition, manufacturers are introducing innovative cat food products in terms of flavors, colors, and packaging sizes. These innovations cater to the rising demand for different varieties of cat food and treats, in turn, propelling the market growth. Apart from this, premium cat food is expected to gain traction over the forecast period on account of an increase in urbanization and disposable incomes across the globe. However, the availability of homemade and raw cat food poses a significant threat to the growth of the global cat food market, particularly in the emerging regions. Looking forward, IMARC Group expects the global cat food market to exhibit steady growth during the next five years.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/cat-food-market
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- 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
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:
- Mass Products
- Premium Products
At present, mass products exhibit a clear dominance in the market on account of their affordable prices.
Breakup by Ingredient Type:
- Animal Derivatives
- Plant Derivatives
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
- Specialty Stores
- Online Stores
Supermarkets and hypermarkets hold the largest share as they offer pet owners different product varieties and brands of pet food to choose from.
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 (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.
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.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800