Cat Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Cat Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global cat food market size reached US$ 34.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.9 Billion by 2028, exhibiting a growth rate (CAGR) of 3.45% during 2023-2028.

Cats are one of the most popular companion pets around the world as they are small, independent by nature, and can keep themselves groomed. Traditionally, owners fed their cats with milk and home-made food, which included leftovers and scraps from family meals. However, the demand for commercially prepared cat food has gradually increased worldwide as it offers vital nutrients for maintaining the weight and energy requirements of cats. It also aids in combating skin allergies and infections as well as improving the overall health and life expectancy of cats.

On account of the increasing pet humanization and the growing trend of nuclear families, the adoption rate of cats is increasing, especially among the young population. These factors have impelled the demand for cat food across the globe. Moreover, the growing awareness among cat owners about nutritional diversification is positively influencing them to opt for customized treats and food products. Besides this, with the rising demand for cat food that is prepared using locally produced ingredients and offers digestive benefits, manufacturers are launching a wide variety of premium pet food items, such as organic, natural and gluten-free variants, to expand their product portfolio. They are also utilizing innovative packaging solutions to differentiate their products from other competitors operating in the industry. Furthermore, the introduction of cat food in convenient stand-up pouches, re-closable bags, and single-serve pouches and bags is also impelling the market growth worldwide.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cat food market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, pricing type, ingredient type and distribution channel.

Breakup by Product Type:

Dry Cat Food
Cat Treats
Wet Cat Food

Wet cat food currently represents the most preferred product around the world as it is cheaper, easy to store and can be left out for the cat to nibble.

Breakup by Pricing Type:

Mass Products
Premium Products

At present, mass products exhibit a clear dominance in the market on account of their affordable prices.

Breakup by Ingredient Type:

Animal Derivatives
Plant Derivatives

Animal-derived cat food accounts for the majority of the total market share as these ingredients offer high nutritional value.

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Specialty Stores
Online Stores
Others

Supermarkets and hypermarkets hold the largest share as they offer pet owners different product varieties and brands of pet food to choose from.

Regional Insights:

North America
Western Europe
Asia Pacific
Latin America
Eastern Europe
Middle East and Africa

On the geographical front, North America enjoys the leading position in the market on account of the increasing pet ownership in the region. Apart from this, the emergence of private label brands is also strengthening the growth of the market.

Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are:

Mars Petcare
The J.M. Smucker Company (Big Heart Pet Brands)
Colgate-Palmolive (Hill's Pet Nutrition Inc.)
Nestle Purina PetCare
Blue Buffalo Co., Ltd.
CANIDAE Pet Foods

Key Questions Answered in This Report
1. What was the size of the global cat food market in 2022?
2. What is the expected growth rate of the global cat food market during 2023-2028?
3. What are the key factors driving the global cat food market?
4. What is the impact of COVID-19 on the global cat food market?
5. What is the breakup of the global cat food market based on the product type?
6. What is the breakup of the global cat food market based on the pricing type?
7. What is the breakup of the global cat food market based on the ingredient type?
8. What is the breakup of the global cat food market based on the distribution channel?
9. What are the key regions in the global cat food market?
10. Who are the key companies/players in the global cat food market?