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Global Canned Cat Food Market Anticipated to Reach US$ 16.06 Billion by 2029 with a Remarkable CAGR of 8.2%

The Global Canned Cat Food Market is poised for significant expansion, with a projected value of US$ 16.06 billion by 2029, surging from US$ 9.18 billion in 2022. This robust growth is underpinned by an impressive Compound Annual Growth Rate (CAGR) of 8.2% during the period from 2023 to 2029. The market has experienced notable fluctuations in recent years, influenced by economic conditions, the ongoing impact of COVID-19, and geopolitical events such as the Russia-Ukraine War. This comprehensive market research takes these factors into account, offering valuable insights for industry participants.

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Pet Medical Care: A Booming Segment in the Pet Industry: Pet medical care represents the second-largest segment in the pet industry. In the UK, annual spending on veterinary and other pet services has surged from £2.6 billion in 2015 to £4 billion in 2021, marking a remarkable 54% increase in just six years. According to Vetnosis, the global animal health industry’s value is expected to grow by 12% to reach $38.3 billion in 2021. Furthermore, the White Paper on China’s Pet Healthy Consumption by JD reveals that in 2023, approximately 13.09 million pets will enter middle age and old age, signifying a shift in the age structure of pets and driving further development in the pet medical industry.

According to data from the 2022 China Pet Medical Industry White Paper, China’s pet medical market boasts an impressive scale of approximately ¥67.5 billion, accounting for roughly 22.5% of the entire pet industry. The majority of pet hospitals, about 73%, have been in operation for less than five years, while around 11% have a decade or more of operational history. Nearly 40% of these hospitals have reported year-on-year increases in annual turnover, primarily within the range of 7-14%.

Key Market Players: Leading companies in the Canned Cat Food industry include Mars, Purina, Full Pet, Hill’s Pet Nutrition, Inc., WholeHearted, Applaws, Blue Buffalo, Wellness, ZIWI Peak, Hound&Gatos, Weruva, Wild Calling, TikiCat, FirstMate, Royal Canin, and Earthborn Holistic.

Market Segmentation:

By Type: Nutrition Can, Snacks Can

By Application: Grown Cats, Kittens

Regional Consumption:

North America: United States, Canada

Europe: Germany, France, U.K., Italy, Russia

Asia-Pacific: China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia

Latin America: Mexico, Brazil, Argentina

Middle East & Africa: Turkey, Saudi Arabia, UAE

This report equips industry stakeholders with valuable information to make informed decisions and navigate the ever-evolving Canned Cat Food market landscape.

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