The global cat food market reached a value of US$ 32.2 billion in 2020, according to a new report, ‘Cat Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026’.
Looking ahead, the publisher, ResearchAndMarkets.com, expects the market to exhibit steady growth during the next five years.
Cats are one of the most popular companion pets around the world as they are small, independent by nature, and can keep themselves groomed, the report says. Traditionally, owners fed their cats with milk and home-made food, which included leftovers and scraps from family meals.
The demand for commercially-prepared cat food has gradually increased worldwide as it offers vital nutrients for maintaining the weight and energy requirements of cats. It also aids in combating skin allergies and infections as well as improving the overall health and life expectancy of cats.
“On account of increasing pet humanisation and the growing trend for nuclear families, the adoption rate of cats is increasing, especially among the young population,” the report states. “These factors have impelled the demand for cat food across the globe. Moreover, the growing awareness among cat owners about nutritional diversification is positively influencing them to opt for customized treats and food products.
“Besides this, with the rising demand for cat food that is prepared using locally produced ingredients and offering digestive benefits, manufacturers are launching a wide variety of premium pet food items, such as organic, natural and gluten-free variants, to expand their product portfolio. They are also utilising innovative packaging solutions to differentiate their products from other competitors operating in the industry.
Furthermore, the introduction of cat food in convenient stand-up pouches, re-closable bags, and single-serve pouches and bags is also impelling the market growth worldwide.”