Showing posts with label Global Pet Food Solutions Market. Show all posts
Showing posts with label Global Pet Food Solutions Market. Show all posts

Thursday, August 24, 2023

Global Cat Food Market Set to Surge, Eyeing USD 45 Bn by 2028: Ken Research

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Story Outline

  • The surge in pet insurance purchases reflects the growing dedication to providing high-quality products and transparent information about the ingredients used in cat feeds.
  • The United States faces a concerning epidemic of feline obesity, with 60% of cats struggling with overweight or obesity issues. This excess body fat has severe consequences on cat health, leading to various diseases and a shortened lifespan.
  • The pandemic had a profound impact on feline eating habits, affecting over 71% of cases according to a Hill's Pet Nutrition Survey. With 33% of cat owners attributing their pets' weight gain to the pandemic period, the importance of maintaining a healthy lifestyle for cats became clearer than ever.

Know about caring pet parents’ choice of cat food globally

1. What are the underlying reasons behind The Boom in Cat Ownership!?

Cat owners are more concerned than ever with the welfare of their pets (the most recent National Pet. Owners Survey conducted by the American Pet Products Association revealed a nearly twofold increase in cat owners' pet insurance purchases). Cat owners want to be able to obtain high-quality products and know what substances are being utilized easily and affordably. For these reasons, the success of future cat feeds may depend on transparency and a dedication to superior ingredients. Sales of wet kitten goods climbed by 48% at WellPet in 2021. The firm has just unveiled its Wellness Complete Health Wet Food for Kittens.

Owners of cats are beginning to hunt for new substitutes that are produced using enhanced research-based recipes. Kat Kin has obtained USD 246 Mn in additional investment to go on its mission of delivering freshly prepared and individually designed cat food to households around the world.

More people now live in cities than in rural areas, and cat ownership has increased in parallel with this. Despite this fact, cats continue to receive less routine veterinary care than Cats.

Global Cat Food Market

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2. Unveiling the alarming surge in cat obesity rates and its implications on the Cat Food industry

Global Cat Food Market

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Startling figures released by the Association for Pet Obesity Prevention (APOP) reveal that a staggering 60% of cats in the United States are grappling with overweight or obesity issues. This growing epidemic of excess body fat is taking a toll on feline health, leading to a host of diseases, including diabetes mellitus, gastrointestinal problems, urinary tract conditions, osteoarthritis, chronic inflammation, and a shortened lifespan.

APOP provides crucial weight guidelines for different cat breeds: domestic cats should ideally weigh between 8-10 lbs, Persian cats 7-12 lbs, Siamese 5-10 lbs, and Maine Coons have the largest ideal weight range, varying between 10-25 lbs.

In 2021, a Hill's Pet Nutrition Survey revealed that the pandemic's impact on feline eating habits was profound, affecting over 71% of cases. More concerning was the finding that 33% of cat owners with overweight pets attributed their cat's weight gain to the pandemic period.

Royal Canin, determined to combat this alarming trend, has set an ambitious goal to reduce cat obesity prevalence in all felines by 2025. Their mission includes creating awareness about the issue and promoting healthy habits through strategic campaigns, innovative tools, and scientifically backed nutritional solutions.

3. The demand for high-quality cat food is on the rise owing to increased awareness about the health of cat.

Global Cat Food Market

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In recent years, there has been a notable upsurge in awareness about the health and well-being of cats among pet owners and the general public alike. As feline companionship continues to grow, so does the understanding of the crucial role that proper health plays in ensuring a fulfilling and long-lasting bond with our beloved feline friends. Pet parents are increasingly proactive in seeking out information on nutrition, exercise, and preventive healthcare measures tailored to meet their cat's specific needs. Veterinarians and animal health experts have also played a vital role in spreading knowledge and promoting the significance of regular check-ups, vaccinations, and early detection of potential health issues. This heightened awareness not only fosters healthier lifestyles for our feline companions but also strengthens the human-animal bond, fostering a sense of responsibility and care for our whiskered companions like never before. As a result, cats today are benefiting from better-informed and devoted caregivers, leading to improved overall well-being and happier lives for these cherished members of our families.

The global pet industry embraces pet humanization, as cat owners seek human-like experiences for their feline companions. Online sales in pet care are projected to surge by over 15% from 2018 to 2022. The Alpha Wise survey reveals strong emotional bonds between owners and cats worldwide. The pandemic drives e-commerce growth for cat food, particularly among younger generations. This evolving trend presents opportunities for businesses to cater to pet owners' desires and enhance the human-pet bond.

Tuesday, August 8, 2023

Purina and Hill's Pet Nutrition Reigning Supreme in the Cat Food Market: Ken Research

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Story Outline

Purina boasts an impressive customer base, with 56 million households purchasing their products. This signifies the brand's widespread popularity and trust among pet owners.

Hill's cat food range is carefully crafted to cater to cats of all ages, breeds, and lifestyles. Whether your feline friend is a playful kitten, an active adult, or a wise senior, Hill's has the perfect formula to suit their unique requirements.

1. Nestle’s Purina, as a global pet food company, has achieved significant accomplishments in the pet category.

Global Cat Food Market

Trends in Pet Adoption Globally: Click Here

Purina Pet Care driving sales growth globally for Nestlé

Nestlé Purina, a leading pet food brand, has long been dedicated to providing cats with the highest quality nutrition and care. With a deep understanding of feline dietary needs and preferences, Purina has developed a wide range of cat food products that cater to every stage of a cat's life, from playful kittens to wise and mature cats. Purina's commitment to research and innovation ensures that their cat food formulas are not only delicious but also packed with essential nutrients that promote overall well-being and support specific health concerns. Whether it's their tasty wet food options or wholesome dry kibbles, Nestlé Purina strives to create food that fosters the health and happiness of our beloved feline companions, making sure they lead healthy, active, and joyful lives by our side. Purina has also emerged as the top player in the e-commerce sector within the pet category.

Purina has experienced remarkable growth, achieving a 15% growth rate in the previous year. This growth can be attributed to various factors, including successful pricing strategies as well as increased sales volume. Purina's ability to drive growth highlights their strong brand portfolio and their ability to capture a larger market share.

2. Hill's Pet Nutrition bullish on India; focusing on expanding portfolio across price points.

Global Cat Food Market

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Mars Petcare, a global pet nutrition company, is highly optimistic about the Indian market and aims to accelerate its growth in the country through resourcing, building capabilities, and expanding operations.

Hill's Pet Nutrition is a renowned and trusted name in the pet food industry, specifically known for its exceptional cat food offerings. With a deep understanding of feline dietary needs, Hill's formulates its cat food using cutting-edge research and high-quality ingredients. Their dedication to pet health and well-being is evident in every bag and can they produce.

Hill's cat food range is carefully crafted to cater to cats of all ages, breeds, and lifestyles. Whether your feline friend is a playful kitten, an active adult, or a wise senior, Hill's has the perfect formula to suit their unique requirements. Each product is thoughtfully balanced to provide essential nutrients that support overall health, a lustrous coat, strong immunity, and optimal digestion.

What sets Hill's apart is their commitment to continuous improvement. Their team of veterinarians, scientists, and pet nutritionists work tirelessly to refine their recipes, keeping them at the forefront of feline nutrition. Hill's cat food is not only delicious but also helps address common health concerns, such as weight management, urinary health, and sensitive stomachs.

When you choose Hill's cat food, you can be confident that you are providing your beloved furry companion with the very best nutrition. As a brand with a legacy spanning decades, Hill's Pet Nutrition continues to be a top choice for cat owners seeking premium, science-based, and wholesome nourishment for their feline family members.

The future of the global cat food market appears promising. With a growing emphasis on pet health and wellness, the demand for high-quality, nutritious cat food is expected to increase steadily. Market players are likely to focus on innovative formulations and sustainable sourcing to meet consumer preferences. As the bond between humans and their furry companions strengthens, the cat food market is poised to witness sustained growth and evolution in the coming years.

Major Players Mentioned in the Report:

  • Mars Petcare
  • The J.M. Smucker Company (Big Heart Pet Brands)
  • Colgate-Palmolive (Hill's Pet Nutrition Inc.)
  • Nestle Purina Pet Care
  • Blue Buffalo Co., Ltd.
  • CANIDAE Pet Foods

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:

  • E-commerce Companies
  • Pet Owners
  • Potential Market Entrants
  • Eco-conscious Consumers
  • Pet Owners with Specific Preferences
  • Industry Associations
  • Consulting Agencies
  • Government Bodies & Regulating Authorities

Time Period Captured in the Report:

  • Historical Period: 2017-2022
  • Base Year: 2022
  • Forecast Period: 2022-2028

For more insights on market intelligence, refer to the link below: –

Global Cat Food Market

Related Reports By Ken Research

Global Dog Food Market Outlook to 2028

Global Pet Food Market Size, Segments, Outlook, and Revenue Forecast 2022-2028

Monday, August 7, 2023

Exploring Trends and Opportunities in the Global Dog Food Market: Ken Research

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What Is The Size Of Global Dog Food Industry?

Global Dog Food market is growing at a double digit CAGR in 2017-2022 and is expected to reach USD ~ Bn by 2028. The Global Dog Food Market is largely driven by rising disposable income in developing economies, increasing availability of organic products in a variety of flavors and the inclusion of essential ingredients such as probiotics and antioxidants are factors that are likely to induce a positive impact on the global market growth.

Global Dog Food Market is at a growing stage. It is a fragmented market with the presence of many dog food companies. The market has seen emergence of abundant players in the past 5 years and the industry will further boost owing to the needs and wants of consumers for a more customized pet food platform.

Few major global dog food players are Colgate Palmolive (Hill's Pet Nutrition), General Mills, Mars Incorporated (Virginia, U.S.), Nestle S.A. (Vevey, Switzerland), The J.M. Smucker Company (Ohio, U.S.), Diamond Pet Foods etc. The highest growth is expected from the majorly North American region. The high growth rate can be attributed to many middle-income groups in developing countries like India, a preferred market for companies. An increase in awareness and lifestyle changes is the fundamental driver of Pet market growth. Customers are more likely to remain loyal when their needs are customized.

Global Breed-Specific Dog Food Competitors

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Global Dog Food Market By Food Type

The Global Dog food market is segmented by food Type. Dry food was the most dominant in 2022.

Global Dog Food Market By Sales Channel

The Global Dog food market is segmented by Sales channel. Supermarkets & Hypermarkets was the most preferred form of channel in 2022 in Global dog food market.

Global Dog Food Market By Region

The Global Dog food market is segmented by Region into North America, Europe, Asia Pacific, Middle East & Africa and South America. Asia Pacific held the major market share in Global Dog food market in 2022.

Competition Scenario In Global Dog Food Market

In Global Dog Food Market, there are several players operating in the market, and top players account for a substantial share in the market in terms of revenue. Global Dog food market is highly fragmented without dominant players. Few players are Mars Inc., Nestle Purina, Colgate Palmolive (Hill's Pet Nutrition), General Mills, The JM Smucker Company which have more customers than others. The global dog food market is highly competitive, with multinational companies, regional manufacturers, and niche players vying for market share. Innovation, premium offerings, and targeted marketing campaigns are key strategies to stay ahead. E-commerce platforms also play a significant role in the competition, allowing brands to reach a global audience. As pet ownership rises and consumer preferences evolve, the competition is expected to remain fierce, driving further market expansion.

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What is the Expected Future Outlook for the Overall Global Dog food Market?

The Global Dog food market was valued at USD ~ billion in 2022 and is anticipated to exceed USD ~ billion 2028, witnessing a robust CAGR during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Dog food market is driven by demand for rising disposable income in developing economies, increasing availability of organic products in a variety of flavors and the inclusion of essential ingredients such as probiotics and antioxidants are factors that are likely to induce a positive impact on the global market growth. The government has set forth ambitious strategies to leverage digital technologies extensively in enhancing its services, processes, and decision-making capabilities, as well as facilitating efficient data sharing with the public. Similarly, in response to the increasing demand for sustainable and eco-friendly pet food packaging solutions, dog food companies have been introducing novel and innovative products into the market.

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The concept of sustainable packaging is proving to be a highly beneficial investment and a responsible choice for the environment when it comes to dog food. With growing concerns about the safe handling and recycling of pet food packaging materials, there is a push for new policies and legislation that require businesses to take responsibility for recovering and recycling their dog food packaging. AI and cognitive learning technologies have started to play a decisive role and are poised to be game-changers in several avenues.

During the forecast period of 2022-2027, it is anticipated that the global dog food market will grow at a massive CAGR by 2027. Growing concerns surrounding pet obesity and excessive sugar intake are prompting various governments to adopt plain packaging strategies for dog food products. By implementing plain packaging regulations, authorities aim to raise awareness about healthy pet nutrition and encourage responsible choices among dog owners.

For More Insights On Market Intelligence, Refer to the Link Below: –

Global Dog Food Market Outlook to 2028

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Indonesia Animal Health Market Outlook to 2019

Asia Pacific Animal Feed Additives Market Outlook to 2018

China Animal Feed Industry Review to 2018

Tuesday, August 1, 2023

Pet care industry grows after pandemic; attracts FMCG companies: Ken Research

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Story Outline

Increased pet adoption after the pandemic is driving the Indian pet care industry to touch Rs 10,000 crore by 2025. There is a growing trend towards premium dog food products in the global market. Pet owners are increasingly willing to invest in higher-priced dog food options that offer specific health benefits, natural ingredients, and tailored formulations to meet the unique dietary needs of their dogs.

1. Purina, as a global pet food company, has achieved significant accomplishments in the pet category.

Global Pet Nutrition Market Opportunities

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Furthermore, Purina's focus on customer satisfaction and engagement plays a crucial role in fostering loyalty. The brand actively interacts with pet owners through various channels, providing educational resources, offering personalized advice, and engaging in community initiatives. These efforts help build lasting relationships with customers and reinforce their loyalty to the brand.

Purina boasts an impressive customer base, with 56 million households purchasing their products. This signifies the brand's widespread popularity and trust among pet owners. Purina has also emerged as the top player in the e-commerce sector within the pet category. This accomplishment demonstrates their ability to adapt to changing consumer preferences and effectively tap into the online marketplace, catering to the needs of pet owners who prefer to shop online.

Purina has experienced remarkable growth, achieving a 15% growth rate in the previous year. This growth can be attributed to various factors, including successful pricing strategies as well as increased sales volume. Purina's ability to drive growth highlights their strong brand portfolio and their ability to capture a larger market share. Purina's success in accelerating growth can be attributed to its robust brand portfolio. The company offers a diverse range of pet food products tailored to different pet species, life stages, and specific dietary requirements. These strong brands have resonated with pet owners, driving both sales and customer loyalty.

2. Mars Petcare bullish on India; focusing on expanding portfolio across price points

Global Raw Dog Food Industry Challenges

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Mars Petcare, a global pet nutrition company, is highly optimistic about the Indian market and aims to accelerate its growth in the country through resourcing, building capabilities, and expanding operations. India is considered one of the fastest-growing pet food markets worldwide, driven by factors such as increased pet adoption, rising awareness of proper pet nutrition, and favorable market conditions.

Mars Inc's global CEO, Poul Weihrauch, expressed a strong belief in India's potential for petcare and emphasized the company's focus on further boosting growth in the Indian market. Mars Petcare aims to cater to different consumer segments in the dog and cat food categories and has experienced higher growth in the cat food business over the past few years, despite starting from a smaller base.

The company has a diverse portfolio of pet food products, ranging from economical, entry-level options to premium, luxury products. Ensuring the right price pack architecture is a key focus for Mars Petcare to provide consumers with suitable choices. Bonus: Mars Petcare has invested INR 500 crore in expanding its pet food factory in Telangana, which will support increased manufacturing capacity and allow the company to offer products across various price points, thus expanding its distribution footprint in the country.

The future of the global dog food market appears promising. With a growing emphasis on pet health and wellness, the demand for high-quality, nutritious dog food is expected to increase steadily. Market players are likely to focus on innovative formulations and sustainable sourcing to meet consumer preferences. As the bond between humans and their furry companions strengthens, the dog food market is poised to witness sustained growth and evolution in the coming years.

Monday, July 31, 2023

Global Dog Food Market Set to Surge, Eyeing USD 70 Bn by 2027: Ken Research

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Story Outline

  • Growing Demand for Premium and Specialized Products: Pet owners are increasingly seeking high-quality, tailored dog food options that address specific dietary needs and breed requirements, driven by a focus on pet health and nutrition.
  • Rise of Online Sales Channels: Online platforms have witnessed a surge in popularity, providing a convenient and accessible way for pet owners to purchase a wide range of dog food products, offering competitive pricing and doorstep delivery.
  • Emerging Markets Offer Opportunities: Rapidly growing markets in Asia-Pacific, Latin America, and the Middle East present significant growth opportunities for dog food manufacturers, fueled by urbanization, increasing disposable income, and changing lifestyles in these regions.

1. What are the underlying reasons behind the growing trend of pet humanization?

As per the Pet Food Manufacturer's Association (PFMA), in 2021, 3.2 million households in the United Kingdom acquired a pet since the COVID-19 pandemic. Largely driven by Gen Z and Millennials, twothirds (60%) of new owners are aged 16-34, and 55% of new dog owners have children at home. Most UK homes have a pandemic dog, with 38% admitting that it is just like having a new baby, which suggests the extent of pet humanization in the country. This is massively increasing the growth of the market studied. The Brazilian dog food market has 150,000 retail establishments nationwide. More than 90,000 outlets sell dog food products. Of those total dog products retail establishments, specialty stores include 32,000, 80% of which are independent pet shops.

 Global Gluten-Free Dog Food Market

Global Raw Dog Food Industry Challenges

2. How growing trend of e-commerce is impacting the Dog food industry

Global Breed-Specific Dog Food Competitors

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Globally, dog food has become one of the fastest growing categories online, next to infant and baby nutrition. Pet e-shops have strong potential for growth and may emerge as the second large distribution channel after physical retail stores. By developing functional, superfood-packed, better-for-you label dog foods and treats that offer more balanced options, Walmart debuted new dog food brands through online sales, redefining canine nutrition.

According to a study conducted by the American Pet Products Association in November 2021 (APPA), even if the pandemic were to cease hypothetically, 22% of pet owners intend to keep ordering goods online and having dog food, treats, and other items delivered to their homes.

3. The demand for high-quality dog food is on the rise.

The JM Smucker Company Customer Base Global

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Natural products are gaining widespread popularity in China, increasing health awareness among people. Improved knowledge sharing across various social media platforms related to the potential toxicity of synthetic chemicals and other harmful materials also encourages sales of natural dog food. In addition to a desire to decrease their dogs’ carbon paw prints, pet parents are opting to purchase natural products to maintain or improve the health and well-being of their beloved companion animals. Even after being processed under high pressure to remove germs, raw pet meals must be refrigerated to retain palatability. Consumers must be cautious when handling the products to prevent spreading raw meat on surfaces and perhaps creating a breeding environment for disease-causing bacteria. By enhancing the meat’s shelf stability and handling ease, freeze-dried dog foods assist avoids these difficulties.

The global dog food market has experienced significant growth and transformation in recent years. The market has been driven by various factors such as the rising pet ownership rates, increasing awareness about pet health and nutrition, and the growing demand for premium and specialized dog food products. key trends such as personalized nutrition, functional ingredients, and sustainable packaging are expected to shape its future trajectory. Manufacturers are focusing on developing innovative and customized products that cater to specific breed requirements, life stages, and dietary preferences of dogs. Moreover, sustainability and environmental considerations are gaining prominence, leading to the a