Cat Food Market Estimated to Exceed US$ 36.5 Billion Globally By 2024: IMARC Group

1. Global Cat Food Market Research Report and Forecast Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Cat Food Market Overview: According to the report by IMARC Group, titled “Cat Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” the global cat food market reached a value of nearly US$ 31.6 Billion in 2018. Cats are considered naturally independent animals as require minimal supervision. Owing to this, they have proven to be an ideal pet for people who reside in smaller spaces or lead a busy lifestyle. As cats are obligate-carnivorous animal, they mostly rely on animal-based products for optimal health. On account of this, cat food majorly includes animal proteins including taurine and arginine along with essential fatty acids, fiber, lipo- and hydro-soluble vitamins, and minerals such as sodium, magnesium, iodine, zinc, iron, etc. In the near future, cat adoption in developed regions is expected to increase which will give a boost to the overall cat food sales. Cat Food Market Trends Nowadays, cat owners are more aware about the health and wellness of their cars on account of which they take note of the ingredients in cat food and are shifting towards good-quality products. This is one of the primary factors which is driving the growth of the cat food market. In addition, manufactures are introducing innovative cat food products in terms of flavours, colors, and packaging sizes.

4. Report Description and Highlights Report Description Apart from this, premium cat food is expected to gain traction over the forecast period on account of an increase in urbanization and disposable incomes across the globe. However, the availability of homemade and raw cat food posed a significant threat to the growth of the global cat food market, particularly in the emerging regions. Looking forward, the market is projected to reach a value of more than US$ 36.5 Billion by 2024, registering a CAGR of 2.4% during 2019-2024.

5. Report Description and Highlights Report Description • These innovations cater to the rising demand for different varieties of cat food and treats, in turn, propelling the market growth. • Key Market Segmentation: • Market Segmentation by Product Type • Dry Cat Food • Cat Treats • Wet Cat Food • The cat food market has been segmented on the basis of different types of food products available for consumer which mainly include dry cat food, cat treats and wet cat food. Amongst these, dry cat food is majorly preferred premium products. • Market Segmentation by Pricing Type • Mass Products • Premium Products

6. Report Description and Highlights Report Description • On the basis of pricing, mass cat food products represent the largest segment, followed by premium products. • Market Segmentation by Ingredient Type • Animal Derivatives • Plant Derivatives • Based on the ingredients, the market has been segregated into animal-derived and plant derived Segments. Currently, animal-derived ingredients account for the majority of the market share as cats are obligate-carnivores, and therefore, cannot digest plant-based ingredients easily. • Market Segmentation by Region • North America • Western Europe • Asia Pacific • Eastern Europe • Latin America

7. Report Description and Highlights Report Description • Middle East and Africa • 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 regions 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. • Market Segmentation by Distribution Channel • Supermarkets and Hypermarkets • Specialty Stores • Online Stores • Others • At present, there are various means through which owners can obtain the desired food products for their cats including supermarkets/hypermarkets, specialty stores, online stores, and others. Amongst these, supermarkets & hypermarkets are the most common channel used by consumers to purchase cat food.

8. Report Description and Highlights Report Description • Competitive Landscape: • The competitive landscape of the market has also been examined with some of the key players. • Mars Inc • Del Monte Foods, Inc • The Colgate-Palmolive Company, • Nestle Purina • PetCare Company • Blue Buffalo Co, Ltd • The Procter and Gamble Company • CANIDAE Pet Foods • For more information, click here: https://www.imarcgroup.com/cat-food-market

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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