As cat ownership becomes more popular globally, pet food companies are starting to explore the many untapped opportunities in the cat space.
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In the present-day world, pet parents have easy access to a wide range of options while shopping for pet supplements, treats and food. However, in reality the number of products available for dogs is far higher than that of cats.
Recently, Future Market Insights (FMI) published a couple of reports on the dog and cat food industries. According to FMI, the global dog food market is anticipated to reach a valuation of US$81.225 billion by 2033, whereas the cat food market is likely to stand at US$60.951 billion in the same year. This striking difference has gradually started to attract several start-ups and well-established firms toward developing cat-oriented products.
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