As per current published report by Markntel Advisors the Cat Food Market is estimated to grow at a CAGR of around 3.93% during the forecast period, i.e., 2024-30. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.
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Global Cat Food Market Driver:
Rising Adoption of Cats as Pets, Bolstering Market Growth – Cat food has surged in demand in the market due to the growing adoption of cats. Cats being more dependent and self-sustaining as compared to dogs makes them an ideal choice for busy individuals and those residing in small apartments. However, increased awareness of animal welfare issues has also contributed to the rise in cat adoption. Many people are now choosing to adopt cats from animal shelters and rescue organizations rather than purchasing from breeders, resulting in a positive development for animal welfare.
According to the World Animal Foundation, approximately 2.1 million cats are adopted annually, compared to 2 million dogs in the US. Moreover, in India, cities like Mumbai and Pune in Maharashtra, Bangalore and Mysore in Karnataka, Kolkata in West Bengal, Chennai in Tamil Nadu, and Hyderabad in Telangana have been leading the way when it comes to cat adoption. Therefore, the increasing adoption of cats propels market growth. Pet parents recognize that a well-balanced diet is crucial for maintaining their pets’ health and preventing illnesses, which has led to an increased demand for high-quality pet food products that are specially formulated to meet the nutritional requirements of pets.
The Cat Food Market has segmented the market into the following categories:
By Nature
(Organic, Monoprotein, Conventional),
By Source
(Animal Derived, (Fish, Chicken, Duck, Beef, Pork), Plant-derived, Insect derived, (Crickets, Mealworms, Black Soldier Flies)),
By Product Type
(Kibble/Dry, (Extruded, Baked, Coated), Treats and Chews, Chew sticks, Tablets, Biscuits, Cat Milk / Milk snacks), Dehydrated Food, Freeze Dried Food, Wet Food, Frozen, Raw Food, Powder)),
By Packaging Type
(Pouches Bags, Folding carton, Can, Bottles & jars),
By Distribution Channel
(Store-based Retailing, (Hypermarkets/Supermarkets, Pet Stores, Drugstores, Other Retail Formats), Online Retailers))
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By Region
- North America
- South America
- Europe
- The Middle East and Africa
- Asia-Pacific
Competitive Environment Featuring Key Players:
Mars, Incorporated, Nestlé Purina PetCare, Blue Buffalo (General Mills), Spectrum Brands Holdings Inc., The J.M. Smucker Company, Affinity Pet Care, Diamond Pet Foods, Big Heart Pet Brands, Colgate-Palmolive Company, WellPet LLC, Ainsworth Pet Nutrition, Deuerer, Thai Union Group, Archer Daniels Midland, INABA Foods, Others
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-A geographical analysis that shows how the product or service is used in each area and what factors are influencing the market in that particular area
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-The present and projected market outlook in light of recent changes, which include growth prospects and drivers as well as obstacles and constraints in both developed and emerging regions
-Using Porter's Five Forces approach, provides a thorough examination of the market from a variety of angles.
-Uses the value chain to offer market intelligence.
-The state of the market dynamics and potential for future market expansion
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