Cats are popular all over the world, and with people staying at home during the pandemic, they’re adopting more cats all the time. With so many people adopting cats, it’s no surprise that the market for cat food is extremely lucrative.
The global cat food market reached a value of US$ 32.2 Billion in 2020 and will likely remain steady for the near future. While some cat owners feed their pets homemade food, most owners purchase commercially prepared cat food that offers vital nutrients for maintaining the health of a cat.
So the next time you spend money buying cat food, just keep in mind that you’re supporting a billion dollar industry. If you want to get rich, just find a way to profit from all the cat lovers all over the world.