NJ New Jersey, USA -- (SBWIRE) -- 12/14/2023 -- The latest study released on the Global Luxury Cat Food Market by AMA Research evaluates market size, trend, and forecast to 2030. The Luxury Cat Food market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
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Key Players in This Report Include: ORIJEN (United States), ZIWI (New Zealand), Royal Canin (France), Instinct Raw Pet Food (United States), Merrick Pet Care (United States), Canidae (United States), AvoDerm (United States), Solid Gold (United States), Hill's Pet Nutrition (United States) and Organix (United States).
Definition: Luxury Cat Food is food for cats to eat. Cats have specific dietary nutrient requirements. Certain nutrients, such as many vitamins and amino acids, are degraded by the temperatures, pressures, and chemical treatments used during manufacturing and must therefore be added afterward to avoid nutritional deficiency. Luxury cat food is made with the best ingredients and formulations. Super premium cat food is nutritionally complete and balanced when compared to budget options found in supermarkets. This food is scientifically formulated to suit different life stages and breeds, allowing you to find the one that best suits your pet's age, breed, and lifestyle while also providing optimal nutrition.
On 4th May 2021, Natural Pet Food Group, a New Zealand-based premium pet food company that produces three pet food brands, K9 Natural, Feline Natural, and Meat Mates, has been acquired by global investment firm KKR. According to officials, the investment will be used to support the company's international growth and to advance its mission of supplying safe, sustainably sourced high-meat pet food from New Zealand to more customers and their pets worldwide.
Pet food labelling is governed at two levels. The federal regulations, enforced by the United States Food and Drug Administration (FDA), establish standards applicable to all animal feeds, such as proper product identification, net quantity statement, manufacturer's name and address, and proper ingredient listing. Some states also have their own labelling laws that must be followed. The Association of American Feed Control Officials' model pet food regulations have been adopted by many states (AAFCO). These regulations are more specific in nature, covering aspects of labelling such as the product name, the guaranteed analysis, the nutritional adequacy statement, feeding directions, and calorie statements.
The true growth potential in the global luxury cat food market lies in targeting emerging economies, which are quickly becoming hotbeds for pet sales. The dramatic increase in the number of cat owners, increased disposable incomes, rapid urbanization, and increased disposable incomes have resulted in higher living standards and discretionary spending. Manufacturers' geographic expansion is no longer a secondary business strategy. Manufacturers are emphasizing organic growth alongside sophisticated go-to-market strategies such as collaborations, partnerships, mergers and acquisitions, and divestitures.
Market Trends:
Cat Humanization Trend has led to increased Health Consciousness and High-End Cat Products Gain Popularity for Cat Food
Market Opportunities:
Growing Availability of Cat Food on e-commerce Platforms and Cat Food Ownership and Purchasing Habits
The Global Luxury Cat Food Market segments and Market Data Break Down are illuminated below: by Type (Dry Cat Food, Canned, Raw, Treats & Snacks, Others), Application (Home, Commercial), Nature (Organic, Monoprotein, Conventional), Distribution Channel (Supermarkets & Hypermarkets, Specialized Pet Shops, Online Sales Channel, Others), Packaging Type (Pouches, Bags, Folding cartons, Tubs & Cups, Can, Bott
Global Luxury Cat Food market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
North America (United States, Mexico & Canada)
South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
-To carefully analyze and forecast the size of the Luxury Cat Food market by value and volume.
-To estimate the market shares of major segments of the Luxury Cat Food
-To showcase the development of the Luxury Cat Food market in different parts of the world.
-To analyze and study micro-markets in terms of their contributions to the Luxury Cat Food market, their prospects, and individual growth trends.
-To offer precise and useful details about factors affecting the growth of the Luxury Cat Food
-To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Luxury Cat Food market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents:
Luxury Cat Food Market Study Coverage:
It includes major manufacturers, emerging player's growth story, and major business segments of Luxury Cat Food market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
Luxury Cat Food Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
Luxury Cat Food Market Production by Region Luxury Cat Food Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Luxury Cat Food Market Report:
Luxury Cat Food Overview, Definition and Classification Market drivers and barriers
Luxury Cat Food Market Competition by Manufacturers
Luxury Cat Food Capacity, Production, Revenue (Value) by Region (2023-2028)
Luxury Cat Food Supply (Production), Consumption, Export, Import by Region (2023-2028)
Luxury Cat Food Production, Revenue (Value), Price Trend by Type {Type I, Type II}
Luxury Cat Food Market Analysis by Application {Application I, Application II}
Luxury Cat Food Manufacturers Profiles/Analysis Luxury Cat Food Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
How feasible is Luxury Cat Food market for long-term investment?
What are influencing factors driving the demand for Luxury Cat Food near future?
What is the impact analysis of various factors in the Global Luxury Cat Food market growth?
What are the recent trends in the regional market and how successful they are?
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