Cat Food Market Influenced by Growth, Statistics, Revenue and Segmentation

Cat at present speak to one of the most prominent pets claimed over the globe. Like different creatures, cat requires a particular arrangement of supplements including proteins, minerals, vitality and nutrients. Cat nourishment is a blended apportion with the right extents of these supplements. It is commonly defined with different fixings, for example, pea protein, oats, potatoes, sugar-based sugars, chicken, bone supper just as liver lumps. The principal prepared cat sustenance was presented in the mid-1800s by James Spratt who created cat scones produced using wheat, beet root, vegetables and hamburger blood. With time, creative cat nourishment items were created by different makers, which quickly picked up notoriety. At present, the cat nourishment industry is seeing a positive development as the makers are slanted towards offering all encompassing, premium and normal items to hound proprietors. As indicated by IMARC Group, the worldwide cat food market achieved an estimated of more than US$ 31.6 Billion out of 2018.

Increasing pet humanization to stimulate Cat food sales

At present, the way of life of owning a pet, particularly Cat, is ascending on a worldwide level, which has given an ascent to the interest for pet nourishment advertise. This is additionally bolstered by an expansion in the geriatric populace, alongside improving ways of life in creating countries, which has upheld the selection of cat as buddy pets. Aside from this, the developing patterns of pet humanization have urged the proprietors to offer a solid and a superb eating regimen to their cat. In accordance with this, the makers have additionally begun presenting creative and natural item assortments. Notwithstanding, an immense number of cat proprietors lean toward hand crafted nourishment and don't have appropriate information with respect to the dietary necessities of their pets which goes about as an obstruction to the market development. Looking forward, the cat food market is relied upon to cross US$ 36.5 Billion by 2024, at an anticipated CAGR of around 2.4% during 2018-2023.

Breakup by Product Type

The market has been analysed on the basis of different types of products including dry cat food, cat treats, wet cat food. According to the cat food market analysis, cat food represents the most preferred product as it is less expensive in nature.

Breakup by Ingredient Type

Based on the ingredients used for formulating cat food, the market has been segmented into animal- and plant-derived products. At present, cat determined items are picking up force at the worldwide level as they are effectively edible, give vitality and help in keeping up the well being and prosperity of the feline. A portion of the basic kinds of cat and dog-based fixings utilized in pooch nourishment and feline sustenance incorporate poultry, pork and fish. Then again, plant-determined items significantly incorporate grains like corn, wheat and grain.

Breakup by Pricing Type

On the basis of pricing, the market has been segregated into premium products and mass products. Premium products are the most common choice among cat owners owing to an increase in awareness about the right amount and type of nutrition required by cat.

Breakup by Distribution Channel

Currently, there are several retail channels through which pet owners can purchase the desired cat food product for their pets such as specialty stores, online and supermarkets and hypermarkets. Amongst these, supermarkets and hypermarkets represent the biggest segment as they offer an array of cat food brands from which the consumers can choose according to their preferences.

Breakup by Region

On a regional basis, North America represents the largest market for cat food, holding the majority of the market share. This can be attributed to the emerging trend of pet humanization as well as socioeconomic and demographic shifts in the region which has further given a rise to cat ownership. North America is followed by Western Europe, Asia Pacific, Latin America, Eastern Europe, and Middle East and Africa.

Browse Related Report by IMARC Group:

Food Packaging Market Size, Share, Growth, Trends and Research Report Analysis 2019-2024

About IMARC Group:

IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the dog food industry, which has enabled the clients to successfully set up and expand their businesses. Some of the company’s offerings include:

• Market Research
• Plant setup
• Plant Expansion
• Marketing and sales
• Procurement and Distribution
• Innovation and Product Development

Imarc Group is a leading market research and consulting company that offers management strategy and market research worldwide.