Showing posts with label Global Cat Food Industry. Show all posts
Showing posts with label Global Cat Food Industry. Show all posts

Wednesday, November 1, 2023

Global Cat Food Industry: Market Growth, Key Players, and Future Outlook: Ken Research

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What Is The Size Of Global Cat Food Industry?

Global Cat Food market is growing at a double digit CAGR in 2017-2022 and is expected to reach USD ~ Bn by 2028.

The Global Cat 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 Cat Food Market is at a growing stage. It is a fragmented market with the presence of many Cat 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 Cat food players are Affinity Petcare SA, Evanger’s Dog and Cat Food Company Inc., Fromm Family Foods LLC, Hill’s Pet Nutrition, Mars Incorporated, Nestle Purina, Nutro Products Inc., Party Animal Inc., Rollover Premium Pet Food Ltd etc. Europe continues to dominate the global cat food market. 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 Cat Food Market

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Global Cat Food Market Segmentation By Product Type

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

Global Cat Food Market Segmentation By Sales Channel

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

Global Cat Food Market Segmentation By Region

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

Competition Scenario In Global Cat Food Market

In Global Cat 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 Cat food market is highly fragmented without dominant players. Few players are Affinity Petcare SA, Evanger’s Dog and Cat Food Company Inc., Fromm Family Foods LLC, Hill’s Pet Nutrition, Mars Incorporated, Nestle Purina, Nutro Products Inc., Party Animal Inc., Rollover Premium Pet Food Ltd., and The J.M. Smucker Company. The global cat 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 Cat Food Market?

The Global Cat 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 Cat 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, cat food companies have been introducing novel and innovative products into the market.

The concept of sustainable packaging is proving to be a highly beneficial investment and a responsible choice for the environment when it comes to cat 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 cat 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 2022-2028, it is anticipated that the global cat food market will grow at a massive CAGR by 2028. Growing concerns surrounding pet obesity and excessive sugar intake are prompting various governments to adopt plain packaging strategies for cat food products. By implementing plain packaging regulations, authorities aim to raise awareness about healthy pet nutrition and encourage responsible choices among cat owners.

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

Global Cat Food Industry

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

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