Overview and Scope
Cat food is a food given to cats for daily consumption typically composed of processed grain and meat or canned fish or meat. It provides a strong health, good vision, and a healthy reproductive system.
Sizing and Forecast
The cat food market size has grown strongly in recent years. It will grow from $21.9 billion in 2023 to $23.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increased pet ownership, humanization of pets, veterinary recommendations, product diversification, brand loyalty.
The cat food market size is expected to see strong growth in the next few years. It will grow to $30.6 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to natural and organic ingredients, sustainable packaging, customization and personalization, plant-based and alternative proteins, health and wellness trend. Major trends in the forecast period include grain-free and limited ingredient diets, sustainable and ethical sourcing, functional and specialty cat foods, customization and personalization, clean labeling and transparency.
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Segmentation & Regional Insights
The cat food market covered in this report is segmented –
1) By Food Type: Dry Food, Wet Food, Treats And Snacks, Other Food Types
2) By Source: Animal-Derived, Plant-Derived, Insect-Derived
3) By Nature: Organic, Monoprotein, Coventional
4) By Pricing Type: Economy, Premium, Super-Premium
5) By Sales Channel: Supermarkets And Hypermarkets, Specialized Pet Shops, Online Sales Channel, Other Sales Channels
North America was the largest region in the cat food market in 2023. The regions covered in the cat food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing number of cat owners is expected to propel the growth of the cat food market going forward. Cat owners are individuals who own one or more cats as pets, but do not own any other pets. The quality of the food in particular cat food is important for the cat’s well-being, which helps cats to keep healthy and long-living. Hence, an increase in the number of cat owners will increase the demand for cat food. For instance, according to the American Veterinary Medical Association, a US-based association that advances the science and practice of veterinary medicine to improve animal and human health, the percentage of households that own at least one cat increased slightly between 2020 and 2022, from 26% to 29%. Therefore, the increasing number of cat owners is driving the growth of the cat food market.
Key Industry Players
Major companies operating in the cat food market are focused on introducing advanced high-quality nutrition solutions, such as high-quality cat-crafted cat foods, to maximize their profits in the market. High-quality cat-crafted cat food refers to a premium category of cat food products that are specifically formulated to offer ideal taste, nutrition, and quality for feline companions. For instance, in April 2021, Made by Nacho, a US-based e-commerce company that delivers cat-crafted, feline-only cat food with natural vitamins and minerals, launched cat-crafted cat food that offers premium ingredients and touting taste and nutrition, exclusively to felines. Fruits and vegetables like kale, pumpkin, cranberries, and blueberries are added to balance the proteins and provide an antioxidant and immune-boosting boost. It adds more water to the wet food recipes and concentrates protein, delicious nutrients, and collagen to all of the dishes.
The cat food market report table of contents includes:
1. Executive Summary
- Cat Food Market Characteristics
- Cat Food Market Trends And Strategies
- Cat Food Market – Macro Economic Scenario
- Global Cat Food Market Size and Growth
.
- Global Cat Food Market Competitive Benchmarking
- Global Cat Food Market Competitive Dashboard
- Key Mergers And Acquisitions In The Cat Food Market
- Cat Food Market Future Outlook and Potential Analysis
- Appendix
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