PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1396590
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1396590
Cat Food and Snacks Market size is poised to depict more than 4.2% CAGR from 2023-2032, due to the growing focus on promoting digestive health, joint support, and hairball control to cater to the swiftly expanding feline population.
Lately, the higher consumer disposable incomes have spurred the increasing spending on cat food options prioritizing natural, organic, and human-grade ingredients. The rising concerns over pet obesity along with the strong focus on weight management is driving the preference for cat food formulations comprising reduced-calorie options and ingredients for promoting healthy weight. As per a 2022 Pet Obesity Prevalence Survey, nearly 61% of cats were classified as overweight. The growing incorporation of globally sourced and exotic ingredients in cat food brands will also favor the market growth.
The cat food and snacks industry is segmented on the basis of type, distribution channel, and region.
In terms of type, the market value from the treats & mixers segment may record robust CAGR from 2023 to 2032 driven by the higher focus on pet health and well-being. With the increasing number of health-conscious pet owners, the demand for treats incorporated with natural, organic, or functional ingredients has significantly risen. The convenience and portability offered by cat treats as they can be easily carried in pockets and bags whilst being used as quick rewards during outdoor activities or travel will also favor the product uptake.
Based on distribution channel, the cat food and snacks industry size from the online segment will witness appreciable growth up to 2032. Online platforms offer a convenient and accessible approach to pet owners for purchasing cat food and snacks without the need for visiting physical stores. These platforms also provide access to specific products whilst allowing consumers to explore and buy cat food and snacks from international brands.
Regionally, the North America cat food and snacks market size is projected to witness significant expansion through 2032. The growth can be attributed to the rising demand for grain-free and limited ingredient diets for cats. The emerging trend of treating pets as family members in the region is leading to the humanization of pet food. To that end, the increasing preference for premium and high-quality cat food products will drive the industry expansion in North America.