The Cat Food by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cat Food, The cat food market size has grown strongly in recent years. It will grow from $21.9 billion in 2023 to $23.39 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increased pet ownership, humanization of pets, veterinary recommendations, product diversification, brand loyalty.
The cat food market size is expected to see strong growth in the next few years. It will grow to $30.6 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to natural and organic ingredients, sustainable packaging, customization and personalization, plant-based and alternative proteins, health and wellness trend. Major trends in the forecast period include grain-free and limited ingredient diets, sustainable and ethical sourcing, functional and specialty cat foods, customization and personalization, clean labeling and transparency.
The increasing number of cat owners is expected to propel the growth of the cat food market going forward. Cat owners are individuals who own one or more cats as pets, but do not own any other pets. The quality of the food in particular cat food is important for the cat's well-being, which helps cats to keep healthy and long-living. Hence, an increase in the number of cat owners will increase the demand for cat food. For instance, according to the American Veterinary Medical Association, a US-based association that advances the science and practice of veterinary medicine to improve animal and human health, the percentage of households that own at least one cat increased slightly between 2020 and 2022, from 26% to 29%. Therefore, the increasing number of cat owners is driving the growth of the cat food market.
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The cat food market covered in this report is segmented –
1) By Food Type: Dry Food, Wet Food, Treats And Snacks, Other Food Types
2) By Source: Animal-Derived, Plant-Derived, Insect-Derived
3) By Nature: Organic, Monoprotein, Coventional
4) By Pricing Type: Economy, Premium, Super-Premium
5) By Sales Channel: Supermarkets And Hypermarkets, Specialized Pet Shops, Online Sales Channel, Other Sales Channels
Product innovations are a key trend gaining popularity in the cat food market. Major companies operating in the cat food market are focused on developing new solutions to strengthen their position in the market. For instance, in March 2022, ORIJEN, a US-based pet food company, launched ORIJEN GUARDIAN 8 cat food in Canada. ORIJEN GUARDIAN 8 is a new adult cat kibble formulated with high-quality ingredients that it uses only a few supplements to help round out a cat's diet and long-term health. The first five ingredients of ORIJEN GUARDIAN 8 are fresh or raw poultry and fish ingredients, which offer biologically appropriate nutrition for adult cats with a taste they crave. The authentic WholePrey diet features the most succulent parts of the prey to mimic what a cat's ancestors consumed in the wild.
Major Players:
- Mars Incorporated
- Nestle Purina PetCare Company
- The J.M. Smucker Company
- Evanger's Dog & Cat Food Company Inc.
- Hill's Pet Nutrition Inc
The cat food market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
The Global Wet Cat Food Market report 2020-2026provides insightful knowlegde about business strategies, qualitative and quantitative analysis.
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Smucker ComapanyWell Pet Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, coveringNorth AmericaEuropeChinaJapanIndiaSoutheast AsiaOther regions (Central & South America, Middle East & Africa) We can also provide the customized separate regional or country-level reports, for the following regions: North AmericaAsia-PacificEuropeCentral & South AmericaMiddle East & Africa On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into Wet Cat FoodDry Cat FoodCat Treats By Application, the market can be split intoOnline RetailOffline Retail The Report covers in-depth analysis as follows:Chapter 1 Industry Overview of Cat FoodChapter 2 Manufacturing Cost Structure Analysis of Cat FoodChapter 3 Technical Data and Manufacturing Plants Analysis of Cat FoodChapter 4 Global Cat Food Overall Market OverviewChapter 5 Cat Food Regional Market AnalysisChapter 6 Global 2013-2018E Cat Food Segment Market Analysis (by Type)Chapter 7 Global 2013-2018E Cat Food Segment Market Analysis (by Application)Chapter 8 Major Manufacturers Analysis of Cat FoodChapter 9 Development Trend of Analysis of Cat Food MarketChapter 10 Cat Food Marketing Type AnalysisChapter 11 Consumers Analysis of Cat FoodChapter 12 Conclusion of the Global Cat Food Market Professional Survey Report 2017 Buy this report@ https://www.upmarketresearch.com/buy/cat-food-market“Global Cat Food Market Industry Analysis and Forecast 2018-2025” report helps the clients to take business decisions and to understand strategies of major players in the industry.
