The global cat food market reached $32.2 billion in 2020. IMARC Group forecasts that the market will reach $36.9 billion by 2026.
Sheridan, Wyoming, US, November 15, 2021 / EINPresswire.com/ – According to the latest report by IMARC Group, titled “Cat Food Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecasts 2021-2026”, the cat food market has reached Global cats $32.2 billion in 2020. Cat food refers to specialized feed products designed for cats. They are available commercially in various forms, such as snacks, broths, candy, liquid supplements, and culinary treats. Cat food contains nutrients and is rich in energy, including minerals, proteins, carbohydrates, water and fats. Consuming this food helps improve digestion, maintain a healthy coat, prevent infections, and enhance the overall health of cats.
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As the novel coronavirus (COVID-19) crisis grips the world, we are constantly following changes in markets, as well as the buying behaviors of consumers globally, and our estimates are made on the latest market trends and forecasts after considering the impact of this pandemic.
Cat food trends:
The emerging trend of humanization of pets is the main factor driving the growth of the global cat food market. Besides, owners are beginning to focus on their pets’ overall health and wellness, as manufacturers are increasingly producing high-quality cat food with natural ingredients. In addition, cats are gaining popularity as pets of choice in emerging economies, amplifying sales of premium cat foods and treats worldwide. Moreover, the increasing customization of products depending on the animal’s age, need and breed acts as another growth catalyst in the market. Looking ahead, IMARC Group expects the market to reach a value of US$36.9 billion by 2026.
View the full report with table of contents and figure list: https://www.imarcgroup.com/cat-food-market
Competitive landscape with key players:
The report has also analyzed the competitive landscape of the market with some of the major players.
JM Smucker (Big Heart Pet Brands)
Colgate-Palmolive (Hill’s Pet Nutrition Inc.)
Nestlé Purina Pet Care
Blue Buffalo Co., Ltd.
CANIDAE Pet Food
Cat food market segmentation:
Our report categorized the market based on region, product type, pricing type, component type and distribution channel.
Segmentation by product type:
dry cat food
wet cat food
Dry cat food is currently the most preferred product around the world because it is cheaper, easy to store, and can be left for cats to nibble on.
Segmentation by pricing type:
Nowadays, massive products are showing clear dominance in the market due to their affordable prices.
Segmentation by component type:
Animal-derived cat foods account for the majority of the total market share as these ingredients provide high nutritional value.
Differentiate by Distribution Channel:
Supermarkets and hypermarkets
Supermarkets and hypermarkets have the largest share as they offer pet owners different types of pet food products and brands to choose from.
Division by region:
North America (US and Canada)
Europe (Germany, France, UK, Italy, Spain, other countries)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, other countries)
Latin America (Brazil, Mexico and other countries)
Middle East and Africa (UAE, Saudi Arabia, Qatar, Iraq, other)
Highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market drivers and success factors
Comprehensive mapping of the competitive landscape
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