Report ID: SQSG30I2025
Report ID:
SQSG30I2025 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|
Tables:
87 |
Figures:
76
With a 40.27 % market share in 2021, Europe dominated the industry. This is a result of consumers adopting cats. Additionally, many households now need more than one cat due to the rise in the number of cats over the past few years in Europe. According to the European Pet Food Industry Federation (FEDIAF), 88 million European households were home to more than 110 million cats in 2021.
From 2022 to 2028, Asia Pacific is expected to experience a CAGR of 6.7 %. An increase in nuclear households and an increase in discretionary income are mostly blamed for the expansion. Furthermore, over the course of the forecast period, the market is expected to benefit from rising pet ownership in the region as well as rising expenditure on pet food, healthcare, and litter.
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Report ID: SQSG30I2025