According to the latest report by IMARC Group, titled “Cat Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on cat food market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global cat food market reached a value of US$ 33.42 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 41.56 Billion by 2027, exhibiting at a CAGR of 3.53% during 2022-2027.
Cats are one of the common household pets across the globe. They have specific requirements for their dietary nutrients, such as high-quality proteins and meat-predominant amino acids. Most cat food comes in either dry form or wet form (canned or in pouches). These foods are formulated with the minerals, amino acids, and vitamins that are pertinent for good health. Cat food offers vital nutrients for maintaining weight and energy requirements. Its consumption also helps in combating skin allergies and infections and improving the overall health and life expectancy of cats.
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The COVID-19 pandemic had an immense effect on the demand for cat food across the globe. With the worldwide imposition of lockdowns, there has been an increase in the adoption of pets, thus contributing to the market growth. However, the pandemic adversely affected the production facilities of several cat food manufacturers. Still, manufacturers sold their products from existing stock when production was slowed down due to restrictions. The cat food demand suffered in terms of supply and cash flow due to restrictions in the movement of raw materials. Moreover, several market players turned their focus to various e-commerce platforms to distribute their products, thereby influencing the market.
Cat Food Market Trends:
The global market is majorly driven by the widespread cat adoption. In line with this, the rising consumer awareness regarding the benefits of natural and organic pet food products is creating a positive outlook for the market. Furthermore, the growing demand for dry food due to its convenience in storage and feeding cats is catalyzing the product uptake. Apart from this, the increasing pet humanization trend among pet parents is significantly contributing to the market across the globe. Moreover, key players are investing heavily in product innovation and strategic partnerships to expand their market presence. Besides this, rapid urbanization and the escalating demand for specialized cat food products with specific health benefits are also providing a boost to the market.
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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
- Others
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 (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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