The cat food market is poised for a delicious CAGR of 3% and a projected value of USD 60.9 billion by 2033. Fueled by rising pet ownership, humanization trends, and health-conscious consumer preferences, this market offers a tempting opportunity for long-term growth.
The global cat food market caters to the B2B industry, encompassing the production, processing, and distribution of food specifically formulated for feline companions. This market boasts a diverse range of products, from dry kibble to wet pouches, catering to various life stages, dietary needs, and taste preferences. The current distribution landscape is dominated by offline channels, but online retailers are rapidly gaining traction, offering convenience and wider product selection.
Several key trends are driving the demand for cat food:
- Soaring Pet Ownership: Busy lifestyles and growing disposable incomes are leading to a surge in pet ownership, with cats holding a prominent paw in this trend. This translates to a consistent and reliable demand for cat food products.
- Humanizing Our Feline Friends: Pets are no longer just companions; they are considered cherished members of the family. This humanization trend has led to a growing demand for premium cat food options that mirror human dietary preferences, with a focus on natural ingredients, better flavor profiles, and health benefits.
- Health-Conscious Kitty Cuisine: Consumers are increasingly seeking healthier alternatives for their pets without compromising taste. This has led to a rise in cat food options featuring natural ingredients, reduced sugar content, and whole grains, catering to the well-being of feline companions.
Tap into Market Opportunities and Stay Ahead of Competitors – Get Your Sample Report Now: https://www.futuremarketinsights.com/reports/sample/rep-gb-13709
Key factors driving the growth of the cat food market include the increase in cat ownership, particularly among millennials and single-person households, and the trend of humanizing pets, which has led to the development of premium and organic cat food products. Additionally, the rise in online retail channels has made cat food more accessible to consumers, driving market expansion.
Cat food manufacturers are also shifting toward developing vegan cat food to end the ethical dilemma of vegetarians and the vegan population. Manufacturers are enhancing their production units and diversifying cat food to meet the emerging demands of pet owners.
The availability of cat food on e-commerce sites has led to consumers’ ability to buy foods without any physical barrier. Customers can compare and evaluate the prices and benefits of the products from the comfort of their homes before making a purchase.
Top Highlights from the FMI’s Analysis of the Cat Food Market:
- The United States cat food industry is projected to be more than 32% in 2023.
- In the year 2022, the German cat food industry gained a market value of 10%.
- The Japanese cat food industry is expected to gain more than 0.8% market share in the coming years.
- The United Kingdom cat food industry is projected to expand at 7.5% CAGR over the forecast period.
- The Chinese cat food industry is anticipated to expand at a CAGR of 6.7% over the forecast period.
- The India cat food industry is expected to register a CAGR of 4.5% in the next ten years.
- Based on nature, the conventional segment acquired a maximum market share of 75% in 2022.
- Based on the source, the animal-derived segment gained 68.60% market share in 2022.
- Under the product type category, the kibble/dry category formed 35% of the overall market.
- Based on pet type, the kitten segment gained a 35% market share in 2022.
Unlock the Power of Personalized Insights! Request Your Customization Report Today and Ignite Your Journey to Success: https://www.futuremarketinsights.com/customization-available/rep-gb-13709
Market Watch: New Innovations in the Market
- Mars Petcare obtained NomNomNow Inc. in January 2022. The latter is a D2C fresh pet food brand headquartered in Tennessee, United States that sells fresh food, supplements, and cat treats. Mars Petcare integrated the brand into its Royal Canin division.
- Hill’s Pet Nutrition and Boulder-based company revealed in November 2021 an industry-first collaboration to create a substitute for one of Hill’s most popular meat proteins, especially to meet the cats’ dietary needs.
- Beaphar procured Pet Food UK, a super-premium pet food firm, in December 2021. The company’s key brands are ‘Meowing Heads’ and ‘Barking Heads’ for cats and dogs, respectively. This acquisition has invigorated the firm’s extant product line and distribution channel.
Key Players in the Market
- 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
- Freshpet
- Burgess Group PLC
Gain Immediate Access to Detailed Market Insights Purchase Now: https://www.futuremarketinsights.com/checkout/13709
Cat Food Industry by Category
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
- Cat Milk / Milk snacks
- Dehydrated Food
- Freeze-dried Food
- Freeze-dried Raw
- Wet Food
- Frozen
- Raw Food
- Powder
By Pet Type:
- Kitten
- Senior
By Packaging Type:
- Pouches
- Bags
- Folding cartons
- Tubs & Cups
- Can
- Bottles & jars
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:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
