In the world economic growth, the Cat Treats Industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Cat Treats market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Cat Treats market size will be further expanded, we expect that by 2024, The market size of the Cat Treats will reach XXX million $.
Cats have specific requirements for their dietary nutrients. Cats require sulfuric amino acids such ass methionine and amino sulfone, taurine. These animals also require fiber, prebiotics, probiotics, antioxidants, and fatty acids to maintain gastrointestinal health.
Increasing expenditure on companion animals is expected to propel growth of the global car treats market over the forecast period. For instance, according to American Pet Products Association's 2019-2020 National Pet Owners Survey, total U.S. pet industry expenditures increased from US$ 72.56 billion in 2018 to US$ 75.38 billion in 2019.
Moreover, increasing annual food expenses on cats is also expected to aid in growth of the market. For instance, according to American Pet Products Association's 2019-2020 National Pet Owners Survey, basic annual expenses for cats in the U.S. increased from US$ 220 in 2012 to US$ 228 in 2019.
However, presence of contaminants in cat food, adverse environmental impact due to use of fish and seafood supplies in cat food, and product recalls are some of the factors that are expected to hinder growth of the global cat treats market. For instance, in March 2020, IcelandicPlus issued a recall of their Capelin dog and cat treats as some of the fish exceeded the FDA compliance guideline for fish larger than 5 inches.
In North America, decreasing number of companion cats is expected to hinder growth of the global cat treats market. For instance, according to 2017-2018 U.S. Pet Ownership & Demographics Sourcebook of American Veterinary Medical Foundation (AVMF), 25.4% of household in the U.S. owned cats in 2017-18 compared to 30.4% in 2012.
Key Takeaways:
- Increasing expenditure on companion animals to augment growth of the global car treats market over the forecast period
- Major players in the market are focused on launching new products to expand their product portfolio. For instance:
- February 2020: Meowijuana, a cat treat and accessory company, launched three new catnip-infused treats free from soy and animal by-products at Global Pet Expo 2020 in Orlando, U.S.
- February 2020: Caru Pet Food announced to launch Daily Dish Smoothies, a new line of wet dog and cat treats during Global Pet Expo 2020
- Major players operating in the global cat treats market include, Ainsworth Pet Nutrition, Big Heart Pet Brands, Cargill, Meowijuana, Crosswind Industries, Thailand Foods Pet Food, Hubbard Feeds, Nippon Pet Food, National Flour Mills, Natural Balance Pet Foods, Rush Direct, Simmons Pet Food, Almo Nature, Aller Petfood, C.J. Foods, Deuerer, Canidae, and Gimborn.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
╼ Ainsworth Pet Nutrition
╼ Big Heart Pet Brands
╼ Cargill
╼ Crosswind Industries
╼ Thailand Foods Pet Food
╼ Hubbard Feeds
╼ Nippon Pet Food
╼ National Flour Mills
╼ Natural Balance Pet Foods
╼ Rush Direct
╼ Simmons Pet Food
╼ Almo Nature
╼ Aller Petfood
╼ C.J. Foods
╼ Deuerer
╼ Canidae
╼ Gimborn
Section 4: Region Segmentation
╼ North America Country (United States, Canada)
╼ South America
╼ Asia Country (China, Japan, India, Korea)
╼ Europe Country (Germany, UK, France, Italy)
╼ Other Country (Middle East, Africa, GCC)
Section (5 6 7): Segmentation
Product Type Segmentation
╼ Dry Cat Treats
╼ Wet Cat Treats
╼ Semi-Moist
Industry Segmentation
╼ Pet Store
╼ Individual
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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