The cat food market is forecast to expand at 3% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 44,744 million in 2023. The government’s role influences the cat food industry in regulating the available cat food in the countries. Companies are investing more in cat food to meet …
Tag Archives: Cat Food Industry
Cat Food Market – Growth, Statistics, By Application, Production, Revenue & Forecast To 2031
Premiumization and humanization trends are projected to remain chief factors driving sales of cat food in the upcoming decade. According to a recent report by Future Market Insights (FMI), the cat food market is set to surpass US$ 65 Bn rising at a CAGR of 4.8% through 2031. Demand for higher-quality, nutritionally sound foods for pets is continuing to …