Around 6% CAGR, Cat Food Market size will surpass USD 38,000 million by 2025

The European cat food market value surpassed USD 14 billion in 2018 and is expected to grow at 5% CAGR during the forecast period.

Selbyville, United States - May 16, 2019 /MarketersMedia/ —

United Kingdom is the major growth contributor in the European cat food market. Asia Pacific is the fastest growing region for the cat food and snacks market owing to the increasing humanization and increased trend of having pet animal along with increased consumer spending.

Major players in the global cat food market include Mars Inc., Nestle, Colgate-Palmolive, The J.M. Smucker Company, Schell & Kampeter, Inc., General Mills, Inc, Spectrum Brands., Blue Buffalo Pet Products Inc, Beaphar, WellPet LLC, Diamond Pet Foods, PetGuard, Harringtons, etc. Major players in the market are engaged in the development of new products and expansion of their production capacity. For instance, In July 2017, Mars Petcare has launched ‘Crave’ a new brand of High-protein dog and cat food catering to pet’s instinctual desires. This new product will contribute in increasing product portfolio and revenue of the company.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/3186

Cat food and snacks are distributed through different distribution channels including specialized supermarkets/hypermarkets, pet food shops, online sellers and others. Other type of distribution channels includes pharmacies, convenience stores, etc. Supermarket or hypermarket is highly preferable distribution channel and expected to grow rapidly during the forecast period owing to the fact that it offers customer a large market space which enables customer to buy their pet food along with their monthly groceries. This channel has high sale and extensively preferred by the developed countries and is also penetrating in the developing economies such as China and India.

The overall Cat Food Market is expected to surpass USD 38,000 million by 2025; according to a new research report by Global Market Insights, Inc. Global market size is majorly driven by increasing trend of humanization by the pet owners. The global pet care business generated revenue close to USD 90 billion in 2013 and surpassed USD 115 billion in 2018, with growth close to 5% over the past five years. Besides, pet food accounts for approximately 70% of the overall revenue generated by pet care business. Thus, humanization of pets will subsequently boost cat food and snacks market size by 2025.

Owners are providing special products to their pets which the taste of their own foods along with providing special health benefits. This trend is expected to continue and anticipated to boost the global cat food market during the forecast time period. Increasing awareness in pet owners in Asia Pacific and Latin America about the health and diet of their pet will have positive effect on the cat food and snacks market during the forecast period.

Stringent regulations and standards prescribed by the different regulatory bodies such as US FDA are the key restraining factors for the growth of cat food and snacks market over the forecast period. For instance, according to the laws of U.S. pet food must have to meet the USFDA as well as state requirements. The different regulations cover finished pet food products as well as the ingredients used in these products.

Cat treat and mixers are grain free products available in pouch, can, beef jerky, sausage, chicken ribs, chicken breast, etc. These products are used as appetizer or topper for cats with different health problems which mainly include gastrointestinal disorder, diabetes, allergies, overweight, etc. Therefore, cat treats and mixers market are expected to grow exponentially owing to increasing awareness about the health and dietary requirements of the pet in pet owners in the forthcoming years.

Cat food market is bifurcated into food and treat & mixers, of which food is further divided into dry and wet food. Dry cat food is made of different types of food grains while wet cat food is made of meat and fish as primary ingredients. Wet cat food market is expected to witness high growth during the forecast timeframe as cats prefer wet food as compared to dry food, since they cannot produce enzymes necessary for the digestion of carbohydrates present in the dry food.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/3186

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/pressrelease/cat-food-and-snacks-market

Source URL: https://marketersmedia.com/around-6-cagr-cat-food-market-size-will-surpass-usd-38000-million-by-2025/513264

Source: MarketersMedia

Release ID: 513264

Latest News

Muslim hajj pilgrims ascend Mount Arafat for day of worship

Aug 20, 2019

MOUNT ARAFAT, Saudi Arabia — More than 2 million Muslims are gathered at the sacred hill of Mount Arafat in Saudi Arabia for an intense day of worship and reflection on what's considered the climax of the Islamic hajj pilgrimage. Some had tears streaming down their faces as the men, wearing simple white garments, and women raised their hands in worship on the slopes of the rocky hill. Many walked through the pre-dawn darkness early Saturday to the hill where the Prophet Muhammad delivered his final sermon some 1,400 years ago, calling for equality and unity among Muslims. One of...

Saudi changes allow women to travel without male consent

Aug 20, 2019

DUBAI, United Arab Emirates — Saudi Arabia published new laws early Friday that loosen restrictions on women by allowing any citizen to apply for a passport and travel freely, ending a long-standing guardianship policy that gave men control over women. The changes are a potential game-changer for Saudi women's rights in the kingdom. The legal system has long been criticized because it treated women as minors throughout their adult lives, requiring they have a man's consent to obtain a passport or travel abroad. Often a woman's male guardian is her father or husband, and in some cases a woman's own...

The Latest: UN chief calls for 'maximum restraint' in Gulf

Aug 20, 2019

DUBAI, United Arab Emirates — The Latest on the tensions between the United States and Iran (all times local): 10:45 p.m. U.N. Secretary-General Antonio Guterres is again calling for "maximum restraint" in the Persian Gulf region and warning all parties that a new confrontation "would be a catastrophe." U.N. deputy spokesman Farhan Haq reiterated the U.N. chief's plea to avoid any escalation when asked Thursday for Guterres' reaction to Britain saying Iranian vessels tried to block one of its oil tankers in the Gulf. Haq said the U.N. hopes all nations "will take steps to avoid" an escalation and confrontation....

Egypt demands Christie's halt auction of King Tut statue

Aug 20, 2019

CAIRO — Egypt has tried to halt the auction of a 3,000-year-old stone sculpture of the famed boy pharaoh Tutankhamun at Christie's in London, while the auction house said its sale was legal. The statue — a brown quartzite head depicting King Tut — is scheduled to be auctioned off in July, and could generate more than $5 million, according to Christie's. The artifact features King Tut's full mouth with slightly drooping lower lips and almond-shaped eyes. For many, King Tut is the ultimate symbol of ancient Egypt's glory. Howard Carter discovered the pharaoh's nearly intact tomb in 1922 in...

Turkey's Erdogan witness in footballer Mesut Ozil's wedding

Aug 20, 2019

ISTANBUL — Turkey President Recep Tayyip Erdogan was in the wedding party as Arsenal midfielder Mesut Ozil tied the knot on Friday. State-run Anadolu news agency said Erdogan and his wife, Emine, were legal witnesses for Ozil, who married model, actress and former Miss Turkey Amine Gulse in Istanbul. Secular Turkish weddings require a witness each for the bride and groom. Ozil, a German player of Turkish descent, quit Germany's soccer team last year after he was criticized for posing for a photograph with Erdogan before the World Cup. In his international retirement announcement, Ozil accused the German football federation,...

About Us

Originally founded in 2015, Voyage Times publishes articles on travel and lifestyle for travelers, leisure seekers, and culture hunters from around the world.

Contact us: sales[at]voyagetimes.com

Subscribe Now!

Quick Links

HomePress