Cat Food Market Size Analysis
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.
Organic cat food items are becoming increasingly popular among consumers, who are also looking for better diet options for their pets.
CAT OWNERSHIP TRENDS INFLUENCING THE CAT FOOD MARKET
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.
THE HIGH IMPACT OF REGULATIONS ON THE PET FOOD INDUSTRY IS LIKELY TO HAMPER THE INDUSTRY GROWTH
The pet food business is projected to experience a high regulatory impact, which will impede industry expansion. For instance, the FSMA’s Preventive Controls for Animal Food Rule mandates that pet food manufacturers adhere to all Current Good Manufacturing Practices (CGMPs) and implement HACCP controls, with a few variances from those that apply to human food.
Additionally, the Sanitary Transport Rule under the FSMA recently made it necessary for shippers, receivers, and carriers of pet food and pet food ingredients to ensure that the food is shipped in a sanitary manner and to prevent contamination and deterioration during transport, particularly with pet foods. The cost of adopting these regulations is predicted to be around USD 130 million per year for the business, which will raise consumer prices.
HUMANIZATION OF PETS AFFECTING INNOVATIONS IN CAT FOOD
Pets have developed into extended family members. The humanization of cats has become a major trend, driving the global cat food business and the pet food industry. Owners treat their pets as though they were their children.
Pet food producers have taken note of this and are creating various items comparable to human meals. Promoting and labeling pet foods likewise adhere to the humanization philosophy by featuring mouthwatering images of pink salmon, steaks, broccoli, and carrots to draw in pet owners.
Market Segments Covered in Report
By Product Type:
By Pet Type:
By Packaging Type:
By Distribution Channel:
By Region and Country:
Why is wet food among the fastest-growing cat food types?
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.
Wet pet food benefits young animals that can’t chew due to missing teeth, misaligned jaws, or small mouths.
Why are organic cat food products witnessing higher demand?
Cat food made organically 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.
Customers require that their cat food be free of artificial flavors, colors, preservatives, hormones, pesticides, antibiotics, and synthetic hormones. Producers are launching various brands with a wide range of organic cat food products to capitalize on the current market trend.
Is there increase in demand for insect protein in the cat food market?
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.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Targeting new markets quickly becoming hotbeds for pet sales offers the best chance for growth in the global cat food market. The sharp rise in cat ownership, rising disposable incomes, rapid urbanization, and rising disposable incomes lead to higher living standards and increased discretionary purchasing.
Geographic expansion is no longer a manufacturer’s backup business plan. In addition to sophisticated go-to-market tactics, including partnerships, mergers, acquisitions, and divestitures, manufacturers are concentrating on organic growth.
The key development in the Global Cat Food Market:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Nature, Source, Region, Product Type, Pet Type, Packaging Type, Distribution Channel, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Market Size Data
Value Chain Analysis
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
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In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.3%.
Cat ownership trends influencing the cat food market
Major global Cat Food Market players 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
The high impact of regulations on the pet food industry is likely to hamper the industry’s growth
North America is expected to account for the largest market revenue share in the Global Cat Food market.
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