Cat Food Market Overview
An overview of conceptual frameworks, analytical approaches of the cat food market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The cat food market is expected to grow at a significant rate in the near future.
The global cat food market is estimated to reach at a value of US$ 6.4 Bn by the end of 2020 and expected to reach at a value of US$ 10.0 Bn by 2028 with a significant CAGR of 5.7%
Cat Food Market Definition
Cats have become one of the trendiest and favorite companion pets all around the world as they are tiny, independent by nature, and can keep themselves neat and nurtured. Cats usually have their positive qualities, such as they are easy to take care of, maintain their own cleanliness, and their delightful antics, making them a lovely pet for any family. Conventionally, the cat owners fed them with milk and home-cooked food, which includes scraps and leftovers from the family dinner table. Having said that, companion animals, especially dogs and cats, have essential requirements for specific minerals that need to be provided in their food. Reportedly, in the United Kingdom, wet pet foods, such as pouches and tins are fed to nearly 77% of cats and 41% of dogs, generally along with snacks and treats, including dinner table leftovers and scraps or other complementary foods.
In addition, Cats need a number of distinct kinds of nutrients to live a healthy and long life: fatty acids and carbohydrates, amino acids from protein, minerals, vitamins, and water. Owing to the fact that cats are carnivorous animals, they infer the majority of their proteins from fish, meat, and other animal products. Some of the animal-based protein is simpler and easier to digest than plant-based protein and is more appropriate to the cat’s food composition and calorie intake. Consequently, the demand for commercially prepared cat food has progressively elevated across the world as it provides essential nutrients for sustaining the weight and energy requirements of cats.
Cat Food Market Dynamics
Majority of the people around the world relish animals, either their own pets, the pets of others, or just animals in general. However, only a few of them realize that animals also have their own needs and require proper nourishment and maintenance. Thus, putting a little thought into the calorie intake and food composition of the pet can pay positive outcomes over their lifespan and quite possibly aid them to prevent severe, awful, and pricey illnesses. The surging trend of nuclear families and owning a pet, in the present day world, is one of the major factors that is driving the growth of the global cat food market.
With the same token, pet humanization is further propelling the growth in the adoption of companion animals across the world, thereby boosting the growth of the global cat food market. In addition to that, cats are making up as much better pets in comparison to dogs owing to their happy and positive traits, resulting in higher adoption of cats as pets across the world. Such factors further leverage numerous growth opportunities for the global cat food market in the forthcoming years.
Moreover, people owning a pet, nowadays, are more conscious and aware about the food fed to their pets, and deliberately feed nutritional food to their pets, which in turn further stimulated the demand for commercially prepared pet food, thereby projected to give major breakthroughs to the growth of the global cat food market in the years to come. Apart from this, the leading manufacturers of pet food are constantly focusing on enhancing their products, using locally produced ingredients that offer digestive benefits.
Besides that, the key players of the market are also introducing an extensive range of premium pet food items, including natural, organic, as well as gluten-free alternatives, in order to broaden their product portfolio. On top of that, they are also using creative and attractive packaging solutions to draw a distinction in between their products and other competitors functioning in the industry, such as convenient reclosable bags, stand-up pouches, and single-serve pouches and bags. Attributing to which, the global cat food market is expected to witness significant growth in the coming years.
Cat Food Market Segmentation
The global cat food market is segmented on the basis of product, pricing, ingredient, distribution channel, and regions. On the basis of product type, the cat food market is segmented into Dry cat food, cat treats, and wet cat food. On the basis of pricing, the market is categorized into mass products and premium products. Further, the cat food market is segmented on the basis of ingredient type into animal derivatives and plant derivatives. Furthermore, the market is bifurcated on the basis of distribution channels into Supermarkets and Hypermarkets, Specialty Stores, Online Stores, and Others.
The research report classifies the global cat food market based on product type, pricing type, ingredient type, distribution channel, and regions.
By Product Type
Dry Cat Food
Wet Cat Food
By Pricing Type
By Ingredient Type
By Distribution Channel
Supermarkets and Hypermarkets
Cat Food Market Key Players
The global cat food market is dominated by 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, among others.
MMC Overview on Cat Food Market Report
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the cat food market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market. The report is titled as ‘Cat Food Market: Opportunity Analysis and Future Assessment 2020-2028’.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Concerns for use of cat food
Advantages of cat food
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.