Cat Food Market Share Expected to Reach $ 41,924.6 million by 2030

 According to a new report published by Allied Market Research, titled, “Cat Food Market by Nature, Food Type, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,”

The global cat food market size was valued at $27,789.5 million in 2020, and is projected to reach $41,924.6 million by 2030, registering a CAGR of 4.4% from 2021 to 2030.

The cat food market is experiencing growth due to increased pet ownership globally. This is attributed to the rise in consumers’ disposable income. The major factors propelling the growth of the global cat food market are rapid humanization of pets, rise in trend of nuclear families, and increase in awareness about pet health. On the other hand, the rise in pet obesity is expected to hamper the growth of the cat food market growth during the forecast period.

According to cat food market analysis, the market is classified on the basis of nature, food type, sales channel, and region. By nature, the market is segmented into organic and conventional. The conventional cat food is more nutritious as compared to organic cat food, which resulted into highest revenue generation in 2020. By food type, the cat food market is segregated into dry food, wet food, treats & snacks and others. Wet food holds the highest cat food market share by food type because it is one of the most convenient types of food that cats can easily chew.

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