According to the latest report from IMARC Group, entitled “Cat Food Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026“The global cat food market reached a value of $ 32.2 billion in 2020. Cat food refers to special food for cats. It is available commercially in a variety of forms, such as snacks, sauces, treats, liquid supplements, and nibbles. Cat food contains various high energy and nutritious elements, including minerals, proteins, carbohydrates, water and fats. Consumption of this food helps improve digestion, maintain a healthy coat, prevent infection, and improve the general health of cats.
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Since the novel coronavirus (COVID-19) Crisis conquers the world, we continuously monitor the changes in the markets and the purchasing behavior of consumers worldwide and our estimates of the latest market trends and forecasts are made taking into account the effects of this pandemic.
Cat Food Market Trends:
The emerging trend of humanizing pets is the key factor in the growth of the global cat food market. Additionally, owners focus on the health and general well-being of their pets, which is why manufacturers are increasingly making high-quality cat food using natural ingredients. In addition, cats are becoming increasingly popular as pets of choice in emerging markets, which is contributing to the rising sales of premium cat food and treats around the world. Another growth factor in the market is increasing product adjustments depending on the age, needs and breed of the animal. Looking to the future, the IMARC Group expects the Reach $ 36.9 billion by 2026.
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Competitive landscape with main players:
The report has also analyzed the competitive landscape of the market with some of the key players.
- Mars pet supplies
- The JM Smucker Company (Bigheart Pet Tags)
- Colgate-Palmolive (Hill’s Pet Nutrition Inc.)
- Nestle Purina PetCare
- Blue Buffalo Co., Ltd.
- CANIDAE pet food
Cat Food Market Segmentation:
Our report has categorized the market by region, product type, price type, ingredient type, and distribution channel.
Breakdown by product type:
- Dry cat food
- Cat treats
- Wet food for cats
Dry cat food is currently the most popular product worldwide because it is cheaper, easy to store and can be left out for the cat to nibble on.
Breakdown by price type:
- Mass products
- Premium products
Due to their low prices, mass products currently have a clear dominance of the market.
Breakdown by ingredient type:
- Animal derivatives
- Plant derivatives
Cat food of animal origin makes up the bulk of the total market share as these ingredients offer high nutritional value.
Distribution according to sales channel:
- Supermarkets and hypermarkets
- Specialty stores
- Online stores
- Other
Supermarkets and hypermarkets have the largest share, as they offer pet owners different product variants and brands of pet food to choose from.
Distribution according to regions:
- North America (USA, Canada)
- Europe (Germany, France, Great Britain, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
Main highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Comprehensive mapping of the competitive landscape
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