Report Overview:
The global key manufacturers of Insect-Based Cat Food include PETGOOD, Lovebug Pet Food, Yora Pet Foods, Imby Pet Food, Aardvark, Hagen Group(Catit Nuna), Tomojo, Entovet and Percuro, etc. in 2023, the global top five players have a share approximately % in terms of revenue.
Insects are becoming an increasingly important alternative source of protein due to the rising cost of traditional animal protein, food insecurity, climate change and global population growth. Insects are considered animals and are a complete animal protein, containing all nine essential amino acids. According to the United Nations Food and Agriculture Organization, "the nutritional value of insects is no different from that of other meat sources such as chicken, beef, pork and fish."
Market Value:
The global insect-based cat food market was valued at US$ 4.4 million in 2023 and is projected to reach US$ 9.2 million by 2030, at a CAGR of 11.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. CAGR of 11.4%
(2022 – 2029)
