New Report: Growth of the Cat Food Market – What it Means to the Industry
19 Nov, 2018
The "Cat Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The global cat food market was worth US$ 30.9 Billion in 2017. The market is further projected to reach US$ 36.2 Billion by 2023, growing at a CAGR of 2.6% during 2018-2023.
Although owners usually feed their cats with milk and home-made food, the demand for specific food is increasing as it provides essential nutrients for maintaining the weight and energy requirements of the cats. In addition, commercially available cat food also helps in combating skin allergies and infections as well as improving the overall health and life expectancy of cats. On the other hand, the demand for premium cat food is rising among the owners of pedigree breeds which are often viewed as status symbols.
Global Cat Food Market Drivers/Constraints:
The growing trend of nuclear families is giving rise to pet humanisation, thereby increasing the adoption of cats particularly among the young population. This has created a huge demand for cat food worldwide.
The rising awareness among cat owners regarding the benefits of nutritional diversification has encouraged them to opt for products that are specifically made for the breed of their cat so as to improve their quality of life and to provide the optimum amounts of nutrients.
The manufacturers are focussing on providing a wide variety of premium cat food products ranging from organic and natural to gluten- and cereal-free variants. This is projected to expand the consumer-base, thereby, providing a positive thrust to the market globally.
The introduction of convenient cat food packaging in stand-up pouches, re-closable bags, single-serve pouches, bags with handles, etc. has impelled the growth of the cat food market across the globe.
Scope of the Report
Breakup by Product
On the basis of product type, the market has been segmented into dry cat food, cat treats and wet cat food. Currently, dry cat food is the most popular product type.
Breakup by Pricing
Based on pricing, mass products dominate the market, accounting for the majority of the global market. Mass products are followed by premium products.
Breakup by Ingredient
On the basis of ingredient, the report finds that animal-derived cat food is the largest segment, followed by plant-derived cat food.
Breakup by Distribution Channel
Based on the distribution channel, the market has been categorised as supermarkets and hypermarkets, specialty stores, online stores and others. Amongst these, supermarkets and hypermarkets account for majority of the total cat food sales worldwide.
On a geographical front, North America represents the leading market for cat food. Other major regions include Western Europe, Asia Pacific, Latin America, Eastern Europe, and Middle East and Africa.
Some of the leading players operating in the market are:
Del Monte Foods, Inc.
The Colgate-Palmolive Company
Nestle Purina PetCare Company
The Procter & Gamble Company
Blue Buffalo Co., Ltd.
CANIDAE Pet Foods
For more information about this report visit https://www.researchandmarkets.com/research/9gczv7/global_cat_food?w=5