Dry Cat Food Market Size | Share | Industry Analysis 2023-2029

The global dry cat food market size was valued at USD 31,168.5 million in 2022 and is poised to grow at a significant CAGR of 4.9% during the forecast period 2023-29. Most people view their pets as part of the family, and after dogs, cats are the most popular breed. In many locations where people live in small flats, smaller animals are better adapted to the consumers' lifestyles. The pampered pet industry has developed due to the trend toward utilizing pets as replacements for children. The main factors influencing cat adoption globally are an increase in the proportion of elderly couples, dual-income households without children, and increases in disposable income. The country's need for cat food is being significantly fueled by a rise in the separation rate among a small number of people.

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The Dry Cat Food Segment is Dominating the Dry Cat Food Market:
The Dry cat food segment is expected to account for a larger revenue share, and the market is expected to grow at a double-digit growth rate over the forecast years. This is explained by dry-form products being more convenient and having a longer shelf life than wet food. The most popular choice for cats is dry food because it is inexpensive and accessible to many cat owners. Additionally, due to their solid texture, dry food for pets helps maintain dental cleanliness and dental health. Due to their superior quality and excellent taste, the dry cat food market is starting to take on a more exotic role for diverse pets. Due to the active involvement of market participants in launching a variety of multipurpose and healthy snack and treatment alternatives for cats and other pets, this category is predicted to rise significantly in the upcoming years.

North America Leads Dry Cat Food Market:
North America is expected to hold a significant market share in the global dry cat food market. It is projected to grow at a prominent growth rate over the forecast years. Dry cat food is in high demand in the region due to expanding consumer knowledge of its positive effects on pet health and the growing trend of "humanizing" cats. It is also anticipated that the rising millennial trend of pet adoption will drive market expansion. The American Pet Products Association (APPA) estimates that about 38% of Americans own cats, with an average of two cats per family. Also, Europe held the highest CAGR during the forecast period.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players

Global Dry Cat Food market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In November 2021, Hill's Pet Nutrition and the pioneer in fermenting animal proteins for use in pet food applications, based in Boulder, have announced an industry-first agreement to create a substitute for one of Hill's most well-liked meat proteins that will precisely cater to the dietary requirements of cats.

By Product Type
o Dry Cat Food
o Wet Cat Food
o Veterinary Diets
o Treats/Snacks
o Organic Products

By Ingredient Type
o Animal-derived
o Plant-derived
o Cereals and Cereal By-products
o Other Ingredient Types

By Sales Channel
o Specialized Pet Shops
o Internet Sales
o Hypermarkets/Supermarkets
o Other Sales Channels

By Geography
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)

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Key players' profiles in the Dry Cat Food Market report are Evanger's Dog & Cat Food Company, Inc., Mars Incorporated, Purina, Hill's Pet Nutrition, Affinity Petcare SA, Nutro Products Inc., Dave's Pet Food, Boulder Dog Food Company, Rollover Pet Food Ltd., Real Pet Food Company Pty Ltd, Freshpet, Burgess Group PLC, Nature's variety, Fromm Family Foods LLC, JustFoodForDogs ( approx), The J.M. Smucker Company, Steve's Real Food, Natures Goodness Pet Food, Party Animal, Inc., Iams.

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This release was published on openPR.