What is Luxury Cat Food?
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.
|Unit||Value (USD Million)|
|Key Companies Profiled||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), Hillís Pet Nutrition (United States) and Organix (United States)|
The study covers a detailed analysis segmented by key business segments i.e. by type (Dry Cat Food, Canned, Raw, Treats & Snacks and Others) , by application (Home and Commercial) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Luxury Cat Food market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Luxury Cat Food market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are 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), Hillís Pet Nutrition (United States) and Organix (United States).
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.
Cat Humanization Trend has led to increased Health Consciousness and High-End Cat Products Gain Popularity for Cat Food
- High Cost Associated with Cat Foods
- Cat Food Is One of the Most Tightly Controlled Food Categories, Particularly In the Western Market
- High Level of Formality Associated With Commercialization Could Be a Key Stumbling Block to the Market's Expansion
Growing Availability of Cat Food on e-commerce Platforms and Cat Food Ownership and Purchasing Habits
Key highlights of the Global Luxury Cat Food market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Luxury Cat Food market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Luxury Cat Food market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Luxury Cat Food Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Luxury Cat Food market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Luxury Cat Food market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers and Suppliers of Luxury Cat Food, Luxury Cat Food Distributors, Cat Food Manufacturers, Venture Capitalists, Government Bodies, Corporate Entities, Government Bodies, End-Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.