Cat Food Global Market Anticipated to Attain $30.6 Billion By 2028, at 6.9% CAGR | Latest Trends and Growth Opportunities

"The new report published by The Business Research Company, titled ""Cat Food Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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Rising Cat Ownership Fuels Growth In The Cat Food Market
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 Players Introducing Breakthrough Cat Food Innovation
Product innovations are a key trend gaining popularity in the cat food market. Major companies operating in the cat food market are focused on developing new solutions to strengthen their position in the market. For instance, in March 2022, ORIJEN, a US-based pet food company, launched ORIJEN GUARDIAN 8 cat food in Canada. ORIJEN GUARDIAN 8 is a new adult cat kibble formulated with high-quality ingredients that it uses only a few supplements to help round out a cat's diet and long-term health. The first five ingredients of ORIJEN GUARDIAN 8 are fresh or raw poultry and fish ingredients, which offer biologically appropriate nutrition for adult cats with a taste they crave. The authentic WholePrey diet features the most succulent parts of the prey to mimic what a cat's ancestors consumed in the wild.

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

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Major companies operating in the cat food market report are Mars Incorporated, Nestle Purina PetCare Company, The J.M. Smucker Company, Evanger's Dog & Cat Food Company Inc., Hill's Pet Nutrition Inc., Affinity Petcare SA, Nutro Products Inc., PetGuard Holdings LLC, Fromm Family Foods LLC, Blue Buffalo Pet Products Inc., Beaphar Pet Healthcare Products, Diamond Pet Foods, Harringtons Pet Food, Dave's Pet Food, Boulder Dog Food Company, Real Pet Food Company Pty Ltd., Freshpet Inc., Burgess Pet Care, Nature's Variety, JustFoodForDogs, Steve's Real Food, WellPet LLC, Party Animal Inc., Rollover Premium Pet Food Ltd., Royal Canin SAS, Nutriara Alimentos Ltd.a., Canidae Natural Pet Food Company, SCHELL & KAMPETER Inc., Sheba, Whiskas .

Contents of the report:
1. Executive Summary
2. Cat Food Market Report Structure
3. Cat Food Market Trends And Strategies
4. Cat Food Market - Macro Economic Scenario
5. Cat Food Market Size And Growth
…..
27. Cat Food Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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