Global Cat Food Market 2017-2021
About Cat Food
Cat foods are food products tailor-made to accommodate the dietary needs of cats. Cats, when it comes to their eating habits, are usually fussy. Most of their eating preferences are formed in the early years of their life cycle. Although, it is very important to feed them the right kind of food, and make them habituated to every kind of food that they can possibly consume. Pet owners are very concerned about the ingredients in cat foods and the daily nutritional intake of their cats. In addition to this, cats are sensitive to many allergies and illnesses. Thus, cat foods must be chosen wisely. Technavio’s analysts forecast the global cat food market to grow at a CAGR of 9.21% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global cat food market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product..The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cat Food Market 2017-2021
Technavio recognizes the following companies as the key players in the global cat food market: Blue Buffalo, Mars, Nestlé, The J.M. Smucker Company, and WellPet LLC.
Other Prominent Vendors in the market are: ANI BRANDS, Diamond Pet Care, Evanger's, GA Pet Food Partners, GRANDMA LUCY'S, Newman's Own, PetGuard, Rad Cat, Spectrum Brands, Sunshine Mills, Total Alimentos, and Zuke's
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rise in freeze-dried cat foods. Freeze-drying or lyophilization is the process of removing or evaporating moisture from food products after freezing and placing it under vacuum. In this process, ice changes directly to vapor without changing into liquid first. Freeze-dried products need not be chemically-preserved, and can be altered easily by adding water. Thus, freeze-dried foods are considered healthy. The freeze-drying process transforms fresh meat into shelf-stable products, which are safe for pet consumption. Freeze-dried pet foods do not require any preservatives to improve the product life.”
According to the report, one of the major drivers for this market is Pet humanization. Pet owners are largely being concerned about the health of their pets. Pet owners only prefer pet foods that are nutritious, healthy, and made with natural ingredients. In the US, more than 90% of pet owners consider their pets as a family member. Cat owners feed their cats as per its life stages and its species. The average expenditure on cats is increasing each year, especially, in developed countries. They demand premium pet foods that can address the health issues of their pets, which are made from natural and healthy ingredients.
Further, the report states that one of the major factors hindering the growth of this market is Threat from home made and raw cat foods. Many consumers prefer to feed their pets raw and home-grown foods. Raw pet foods come in fresh, freeze-dried, and frozen forms. Raw cat foods keep the cats healthy, give more energy, and keep their coats and skin healthy, shiny, and thick. Although, it forms a small portion of the overall cat food market, it is expected to witness a high growth rate during the forecast period. Many manufacturers have launched new products in this raw cat food category. Despite many product recalls, the sales of raw pet diets have seen a 35% spike in the sales in 2015. Half of the pet specialty stores offer frozen raw pet foods.
Blue Buffalo, Mars, Nestlé, The J.M. Smucker Company, WellPet LLC, ANI BRANDS, Diamond Pet Care, Evanger's, GA Pet Food Partners, GRANDMA LUCY'S, Newman's Own, PetGuard, Rad Cat, Spectrum Brands, Sunshine Mills, Total Alimentos, and Zuke's
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook