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 USD 44,744 million in 2023. The government’s influence on the cat food industry significantly impacts the regulation of available products in various countries. In response, companies are increasingly investing in …
Tag Archives: Cat Food Market Forecast
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 …