New York, According to a new market research report published by Global Insight Services “Cat Food Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Cat food is a type of animal feed that is specifically designed for consumption by cats. The vast majority of cat food is made from meat products and by-products, with a smaller percentage coming from vegetables, fruits, and other plant-based ingredients.
Most commercial cat food is dry food, which is typically made up of around 30% protein, 30% fat, and 40% carbohydrates. Wet food, on the other hand, is typically made up of around 70% moisture, 20% protein, and 10% fat.
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Key Trends
The key trends in Cat Food technology are:
1. Improved nutrition and health benefits: Cat food formulas are constantly being improved to offer cats better nutrition and health benefits. For example, many cat food brands now offer formulas that are specifically designed to help cats maintain a healthy weight, reduce hairballs, and minimize the risk of certain health conditions.
2. More natural and organic ingredients: As consumers become more aware of the importance of feeding their cats natural and organic ingredients, more cat food brands are offering products that contain these types of ingredients.
3. Grain-free and high-protein formulas: Grain-free and high-protein formulas are becoming increasingly popular among cat owners. These formulas are designed to provide cats with the nutrients they need without the fillers and carbohydrates that can be found in some traditional cat food formulas.
4. Convenience: Cat owners are looking for foods that are convenient to feed their cats. For example, many brands now offer single-serve packages or wet food that doesn’t require refrigeration.
Key Drivers
Some of the key drivers of the cat food market are health and wellness, premiumization, and convenience.
Health and wellness is a major driver of the cat food market as pet owners are becoming increasingly aware of the importance of their pets’ health and nutrition. In particular, there is a growing demand for natural and organic cat food products.
Premiumization is another key driver of the cat food market. As incomes rise and pet ownership becomes more popular, pet owners are willing to spend more money on premium cat food products.
Convenience is also a key driver of the cat food market. As consumers’ lifestyles become increasingly busy, they are looking for products that are easy to prepare and require minimal cleanup.
Market Segments
The cat food market report is bifurcated on the basis of nature, type, distribution channel, and region. On the basis of nature, it is segmented into organic and conventional. Based on type, it is analyzed across dry food, wet food, treats & snacks, and others. By distribution channel, it is categorized into hypermarkets, specialized shops, online, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and the rest of the World.
Key Player
The cat food market report includes players such as Mars Incorporated, Purina, Hill’s Pet Nutrition, Affinity Petcare SA, Nutro Products Inc., Dave’s Pet Food, Freshpet, Burgess Group PLC, Nature’s Variety, and Fromm Family Foods LLC.
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Reasons to buy Cat Food Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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