Press Release

Global Cat Food Market Anticipated to Sail at a CAGR of Around 3.93%

The Global Cat Food Market is projected to grow at a CAGR of about 3.93% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The demand for cat food has witnessed a significant upsurge in the market, driven by the rising trend of cat ownership. Cats, renowned for their independence and adaptability, have emerged as a preferred choice for individuals leading busy lifestyles or residing in compact living spaces. Additionally, heightened awareness surrounding animal welfare concerns has further fueled the surge in cat adoption. Increasingly, individuals are opting to rescue cats from shelters and animal welfare organizations, shunning traditional breeder purchases, thus fostering a positive trend in animal welfare practices. This burgeoning adoption trend serves as a driving force behind the expanding market for cat-related products.

Moreover, pet owners increasingly recognize the paramount importance of a balanced diet in ensuring the health and well-being of their feline companions, thereby spurring the demand for premium-quality pet food products tailored to meet the specific nutritional needs of cats. Thus, this rising awareness underscores the escalating demand for cat food foods in the projected period as well, further states the research report, “Global Cat Food Market Analysis, 2024.”

Segmentation Analysis

Organic Food Segment to Hold a Significant Position in the Market

Based on the nature segment, the market is further bifurcated into, organic, monoprotein, and conventional. The surge in demand for organic cat food has become substantial within the Global Cat Food Market. Pet owners' growing awareness and concern for their feline companions' health have propelled the popularity of organic pet foods. This burgeoning demand for organic cat foods has been attributed to several key factors, including the absence of synthetic fertilizers, pesticides, and harmful chemicals in their production, along with the exclusion of artificial preservatives, flavors, and colors. Consequently, the allure of organic cat food lies in its promise of providing cats with wholesome and nutritious meals, aligning perfectly with pet owners' health-conscious ethos.

Furthermore, notable companies like Blue Buffalo and Scrumbles have responded to this burgeoning demand by expanding their offerings of natural and organic cat food options. As a result, with an ever-expanding array of organic cat food choices available in the market, their adoption is poised to witness significant growth in the years ahead.

North America to Lead the Cat Food Industry

In recent years, North America has emerged as a dominant region in the Global Cat Food Market. This dominance has been primarily attributed to the hectic lifestyles of pet parents residing in North American countries such as the US and Canada. As these individuals find themselves pressed for time to prepare homemade cat foods, there has been a notable preference for ready-to-eat cat food options. Moreover, there has been a marked increase in awareness regarding the significance of pet nutrition, fueling a growing demand for premium and specialized cat food among pet parents throughout North America.

Furthermore, the adoption rate of cats in North American countries surpasses that of dogs, further propelling market growth in the region. With a combination of high disposable income levels and an increasing propensity to adopt cats as pets, the demand for cat food is poised to witness a significant surge in North America in the foreseeable future. Hence, in the coming years, North America is expected to dominate the market, propelled by the increasing popularity of cat pets, heightened awareness of pet nutrition, and a growing demand for premium and specialized pet food.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including Mars, Incorporated, Nestle Purina Petcare, Blue Buffalo (General mills), Spectrum Brands Holdings Inc., The J.M. Smucker Company, Affinity Pet Care SA, Diamond Pet Foods, Big Heart Pet Brands, Colgate-Palmolive Company, WellPet LLC, Ainsworth Pet Nutrition, Deuerer, Thai Union Group, Archer Daniels Midland, INABA Foods, and others, are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across various regions?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?