The Global Cat Food Market Size will be worth USD 35.7 Billion in 2023 and the Worldwide Cat Food Market Size is Expected to Reach USD 48.9 Billion in 2033, according to a research report published by Spherical Insights & Consulting. Covered companies: Mars Petcare, Nestle Purina PetCare Company, Hill’s Pet Nutrition, JM Smucker, Diamond Pet Foods, Affinity Petcare SA, Evanger’s Dog and Cat Food Company Inc., Fromm Family Foods LLC, Nutro Products Inc., and Others Main Vendor.
New York, United States, April 08, 2024 (GLOBE NEWSWIRE) — Global Cat Food Market Size is expected to Grow from USD 35.7 Billion in 2023 to USD 48.9 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 3.20 % in the estimated period.
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Cat food is pet food specially formulated to meet the nutritional needs of cats. A balanced diet is important for cats because it meets their specific nutritional needs and improves their overall health and well-being. It is made with premium animal protein sources, including chicken, turkey, fish, or beef. Iron, salt, zinc, calcium, vitamins, minerals, phosphorus, magnesium, protein, carbohydrates, lipids, and other important nutrients are all abundant in it. Additionally, fatty acids are present and maintain healthy skin, a shiny coat, and other body functions. The increasing number of people adopting cats as pets is one of the many reasons driving the global cat food industry, contributing to its growth. The growing popularity of cats has led to an increase in market demand for cat food.
Browse key industry insights spread across 200 pages with 110 Market data tables and figures and charts from the report on “Global Cat Food Market Size, Share, and Impact Analysis of COVID-19, By Type (Wet Food, Dry Food, Treats and Others), By Distribution Channel (Online, Supermarkets and Hypermarkets and Others), and By Region (North America, Europe, Asia-Pacific , Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.”
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The wet food segment is expected to hold the largest share of the global cat food market over the forecast period.
The Cat Food market is classified by type into wet food, dry food, treats and others. Among these, the wet food segment is expected to hold the largest share of the global cat food market over the forecast period. Since cats are carnivores by nature, they get most of their water from their food due to its high moisture content and proper nutrition.
Supermarkets and hypermarkets segments are expected to hold the largest share of the global cat food market over the forecast period.
On the basis of distribution channel, the global cat food market is segmented into online, supermarkets and hypermarkets, and others. Among these, the supermarkets and hypermarkets segment is expected to hold the largest share of the global cat food market over the forecast period. due to the availability of unique and special products. One of the main advantages of buying cat food from a supermarket or hypermarket is convenience. Because these establishments are usually located in easily accessible areas, they provide pet owners with a quick and easy option to obtain essential quantities of cat food.
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North America is expected to hold the largest share of the global cat food market over the forecast period.
North America is expected to hold the largest share of the global cat food market over the forecast period. The number of people who own pets in North America is growing for many reasons, including more money available, changing attitudes toward pets and their role in households, and improvements in nutrition. and pet care. According to projections made by the American Pet Products Association (APPA), 66% of American households, or 86.9 million households, are expected to own pets by 2023.
Throughout the forecast period, Europe is expected to grow at the fastest rate. The European Pet Food Organization projects that more than 90 million families in Europe will own pets by 2022, including 110 million cats and 90 million dogs. As a result, it is expected that throughout the projection period, factors such as the growing pet food industry and the growing popularity of cats will boost product demand.
Competitive Analysis:
The report offers an appropriate analysis of the key organizations/companies involved within the global market along with a comparative analysis based primarily on their product offering, business overviews, geographic presence , business strategies, market share, and SWOT analysis. The report also provides detailed analysis focusing on the companies’ current news and developments, which include product development, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and more. It allows the analysis of overall competition within the market. Key vendors in the Global Cat Food Market include Mars Petcare, Nestle Purina PetCare Company, Hill’s Pet Nutrition, JM Smucker, Diamond Pet Foods, Affinity Petcare SA, Evanger’s Dog and Cat Food Company Inc., Fromm Family Foods LLC, Nutro Products Inc. etc.
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Recent Developments
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In February 2023, Mars Petcare has effectively purchased Champion Pet foods, a Canadian pet food company, to expand its product offering.
Primary Target Audience
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Cat Food Market based on the below-mentioned segments:
Global Cat Food Market, By Type
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Wet Food
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Dry food
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Treats
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The others
Global Cat Food Market, By Distribution Channel
Global Cat Food Market, By Region
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North America
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Europe
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Germany
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Uk
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France
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Italy
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Spain
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Russia
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Other parts of Europe
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Asia-Pacific
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China
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Japanese
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India
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South Korea
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Australia
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Other parts of Asia Pacific
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South America
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Brazil
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Argentina
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Other parts of South America
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Middle East and Africa
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About Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm that provides actionable market research studies, quantitative forecasting and trend analysis that provides insight into the future specifically designed for decision makers and helps ROI.
Which caters to various industries such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business goals and sustain strategic improvements.
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