Cat Food Market Size, Share, Growth, Trends, and Global Industry Analysis: Size, Share, Growth, Trends, and Industry Analysis By Product (Dry Cat Food, Wet Cat Food, Veterinary Diet, Treats/Snacks, and Organic Products), By Ingredient Type (Animal-derived, Plant-derived, Cereal and Cereal By-products, and Other Ingredient Types), By Sales Channel (Specialized Pet Shop, Internet Sales, Hypermarkets/Supermarkets, and Other Sales Channels), By Pricing Type (Economy Segment, Premium Segment, and Super-premium Segment), and Region Forecast 2019-2030

Cat Food Market size was valued at US$ 31,168.5 million in 2023 and is projected to grow at a 4.9% CAGR from 2024 to 2030. Many people took advantage of the lockdown's opportunity to purchase a family pet because they were working from home. According to numerous studies, having a pet makes people less likely to experience issues like loneliness and depression because pets provide companionship. Breeders and rescue organizations reported a surge in requests from persons looking for dogs and cats in the first few months of 2020. In the

12 weeks between February and May 2020, the total sales of cat and dog treats increased by 6.5%, according to research released by Mars Petcare, a top maker of pet foods. This signifies the pet food market growth, which is expected to continue post-pandemic. The dry cat food segment is anticipated to grow at a significant CAGR over the forecast years due to companies' increased focus on immunizing their pet food products. Additionally, the leading players in the dry pet food market have a sizable window of opportunity due to customers' increased propensity to treat their pets like members of the family and their increasing investments in high-quality pet food products.

However, it is anticipated that the lack of uniformity in laws and the growing attention being paid to wet pet food will impede the overall growth of the cat dry pet food market. The rising trend of pet humanization, growing focus on organic acids and natural ingredients, and growing pet ownership rates in developing countries are driving the industry's growth over the forecasting period.

Cat Food Market Key Developments

• In December 2021, Beaphar acquired Pet Food UK, a manufacturer of ultra-premium pet food, from Piper. The important brands "Barking Heads" for dogs and "Meowing Heads" for cats are housed there. The company's current product lineup and distribution networks have been improved because of this acquisition.