Cat Food Market : Growing Number Of Cat Owners Is The Main Factor Driving The Market

Cat Food Market Overview

According to a recent survey conducted by ChemView Consulting, the Global Cat Food Market grew at a CAGR of 4.5% between 2017-2021 and is estimated to be US$ 30214.6 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.3% and is expected to reach a valuation of US$ 46,032.0 Mn by 2032 end.

Pet humanization is one of the key elements influencing the demand for cat food and snacks on the international market. Pet owners give their animals food that reflects their tastes. Pet owners feed their animals specialized food items, such as those emphasizing particular health advantages. The market is expected to be greatly boosted throughout the forecast period by this trend, which is anticipated to rise rapidly.

ChemView Consulting has analyzed that the growing number of cat owners is the main factor driving the cat food business. As a result, people are buying more nondiscretionary and discretionary goods like snacks, toys, and other consumables. Pet ownership has increased among millennials, the elderly, and families headed by a single person. The growing popularity of cats drives sales in the cat food industry as family pets.

Consumer preference for wet cat food is evident by a CAGR of more than 5% throughout the assessment period. These goods provide a balanced flavor profile with vitamins and minerals to keep you hydrated and healthy.

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Segments Covered in Report

By Nature:

  • Organic
  • Monoprotein
  • Conventional

By Source:

  • Animal Derived
  • Fish
  • Chicken
  • Duck
  • Beef
  • Pork
  • Venison/Game
  • Lamb
  • Turkey
  • Plant-derived
  • Insect- derived
  • Crickets
  • Mealworms
  • Black soldier flies

By Product Type:

  • Kibble/Dry
  • Extruded
  • Baked
  • Coated
  • Treats and Chews
  • Pastes
  • Cremes / Cream-Snacks
  • Crunchy snacks
  • Chew sticks
  • Tablets
  • Biscuits
  • Jerky
  • Rawhide
  • Dehydrated Food
  • Freeze Dried Food
  • Freeze-Dried Raw
  • Wet Food
  • Frozen
  • Raw Food
  • Powder

By Pet Type:

  • Kitten
  • Senior

By Packaging Type:

  • Pouches
  • Bags
  • Can
  • Bottles & jars
  • Folding cartons
  • Tubs & Cups

By Distribution Channel:

  • Store-based Retailing
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Mom and Pop Stores
  • Pet Stores
  • Discounters
  • Independent Grocery Retailers
  • Drugstores
  • Other Retail Formats
  • Online Retailers

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Cat Food Market

  • Based on the product type, consumer preference for wet cat food is evident by a CAGR of more than 5.0% throughout the assessment period. These goods provide a balanced flavor profile with vitamins and minerals to keep you hydrated and healthy.
  • Based on nature, organic cat food is anticipated to expand at a CAGR of 5.8%. Better consumer behavior regarding pet food and its ingredients is to blame for the growth. More and more pet owners are looking for similar attributes in pet food as natural and organic foods for human use gain popularity.
  • Based on the source, the CAGR for sources obtained from insects is expected to increase to 7.0%. Additionally, several businesses emphasize including fresh flavors in their products. Most animal feeds are made of corn, wheat, and soy, combined with animal fats to give them a taste similar to meat. Only a few cat meals contain insect proteins, but as more people look for more affordable, environmentally friendly, and sustainable pet food options, this market is expected to expand.
  • Based on the region, with a market share of 41.5%, North America holds the top spot in the industry thanks to the rising pet ownership in the continent. In addition, introducing private label brands is accelerating the market’s expansion.

Competition Summary

Key companies covered in the market study are Evanger’s Dog & Cat Food Company, Inc., Mars Incorporated, Purina, Hill’s Pet Nutrition, Affinity Petcare SA, Nutro Products Inc., Dave’s Pet Food, Boulder Dog Food Company, Rollover Pet Food Ltd., Real Pet Food Company Pty Ltd, FreshpeZ, Burgess Group PLC

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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impact market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

What sets ChemView Consulting apart?

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