Cat Food and Snacks Market Is Predicted To Witness A Massive Growth Up To 2025
Category: #business  By Rahul Sankrityayan  Date: 2020-02-14
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Cat Food and Snacks Market Is Predicted To Witness A Massive Growth Up To 2025

Global Cat Food and Snacks Market valuation surpassing USD 31 Billion in 2018 And is expected to exceed USD 38 Billion till 2025; according to a new research report.

Global cat food and snacks market size is majorly driven by the 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, the humanization of pets will subsequently boost cat food and snacks market size by 2025.

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Growing humanization of pets is likely to be a key factor in driving the cat food and snacks market in the near future. Pet owners are providing their pets with food products that mimic the taste of their own food and the food products which are expected to provide special health benefits. Therefore, increasing the humanization of pets is expected to continue and is probable to propel the growth of the global cat food and snacks market over the forecast timeframe.

Along with the high pet population in developed countries, increasing the population of pets in developing countries and increasing consumer spending on pet food is expected to further drive the cat food and snacks market by 2025. In developed countries such as the U.S., South Korea, UK, and some other European countries, there is increase in awareness about the health and dietary requirements of the pets which is resulting in providing special dietary products for pets, and hence this trend is expected to continue and result in augmenting the growth of cat food and snacks market over the forecast timeframe. Regulatory standards and laws laid down by different national and international regulatory bodies such as the U.S. FDA in relation to pet food are the key restraining factor, likely to hamper the overall cat food and snacks market by 2025.

Cat food & snacks 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.

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.

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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.

Presently, Europe is leading the global cat food and snacks market which was valued over USD 14 billion in 2018 and is expected to grow with a CAGR close to 5% during the forecast period. UK, France, Germany and Spain are the significant contributors of European cat food and snacks market. On the other hand, Asia Pacific cat food and snacks market is likely to witness significant gains owing to increased consumer spending on cat food & snacks in the region.

Cat food and snacks market is highly consolidated, and the major players accounted for more than 60% sales of global cat food and snacks market in 2018. Key players engaged in the cat food and snacks market includes Nestle, Mars Inc., The J.M. Smucker Company, Colgate-Palmolive, Schell & Kampeter, Inc., Spectrum Brands, General Mills, Inc, etc. Prominent players in the market are focusing on development of new products and expansion of their production capacity. For instance, in October 2017, Mars Inc. has opened its second pet food plant in Queretaro. This move will help the company to expand its production capacity.

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Partial Report Content :

Chapter 4. Cat Food & Snacks Market, By Type

4.1. Global Cat Food & Snacks market, type insights

4.2. Food

4.2.1. Market estimates and forecast, 2014 – 2025

4.2.2. Market estimates and forecast by region, 2014 – 2025

4.3. Treat & Mixers

4.3.1. Market estimates and forecast, 2014 – 2025

4.3.2. Market estimates and forecast by region, 2014 – 2025

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About Author

Rahul Sankrityayan

Rahul Sankrityayan    

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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