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Global Cat Food And Snacks Market is estimated to witness growth of over 6% by 2025

Author : Rahul Sankrityayan | Published Date : 2019-06-21 

Global Market Insights, Inc. added research on Cat Food And Snacks Market is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, market also includes an in-depth study of the industry’s competitive scenario.

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 and snacks 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.

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Global cat food and snacks 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.

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.

Some cat food even contains proteins from vegetables rather than the meat which is also not good for cats. While wet cat food is made up of meat and fish as a primary ingredient which is better suited for the dietary needs of cats and have high market demand as compared to other types of cat food. Cat treats and mixers are natural and grain free products which are used as topper or appetizer and are used in cats with different health problems such as gastrointestinal disorder, overweight, allergies, diabetes, etc.

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Cat food and snacks has been divided into two types such as food and treat & mixers. Cat food accounted for largest chunk in the business and generated revenue more than USD 27 billion in 2018. Dry food and wet food are the two different types of cat food among which the wet food market is expected to grow at a highest rate owing to more preference of cats to wet food than the dry food.

Cat food and snacks market is also segmented depending upon the distribution channel which mainly includes specialized pet food shops, supermarkets/hypermarkets, online sellers and others. Others’ segment of distribution channel consists of convenience stores, pharmacies, etc. Supermarkets/hypermarkets distribute cat snacks and food with variety of product brands and categories and thus recorded highest revenue share more than 35% in 2018.

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At present, Europe is the leader in the cat food and snacks market accounted for more than 40% of the overall demand and further expected to grow in a future with a CAGR of over 4.5%. United Kingdom is the major growth contributor in the European cat food and snacks 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.

Global cat food and snacks market is highly competitive due to the presence of different small, medium and large scale manufactures in the market. Major players in the 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.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, 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 experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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