Saudi Arabia Cat Food Market: Application, Opportunity and Forecast 2023
Posted by Bharat Book on August 20th, 2018
Bharat Book Bureau Provides the Trending Market Research Report on “Saudi Arabia Cat Food Market” under Food & Beverage category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
Cat Food is made of plant or animal materials which are intended for the consumption of domesticated cats. It is a good source of proteins, carbohydrates, fats and several other nutrients, such as vitamins, minerals, and amino acids. Cats are one of the most preferred pets in Saudi Arabia since they are considered sacred, cleaner, cheaper to buy and maintain and are well suited to the regional climate. As a result, the Saudi Arabia cat food market has experienced a sustained growth over the years. “Saudi Arabia Cat Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the market reached a value of US$ 16.9 Million in 2017.
Due to the rising awareness among the pet owners regarding the benefits offered by cat food, such as combating skin allergies and infections and providing essential proteins and nutrients to maintain the weight and energy level of the cats, the demand for cat food has witnessed a positive thrust. Further, the shift towards premium cat food products with enhanced nutritional value is boosting the market growth. Moreover, the expansion of the organised retail sector in the region is fostering the growth of the Saudi Arabia cat food market as these channels enable the consumers to choose between different cat food brands and products at one place. Looking forward, the market value is projected to exceed US$ 24.2 Million by 2023, expanding at a CAGR of 6.2% during 2018-2023.
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Based on the product type, the market has been segmented as dry food, wet & canned food, and snacks & treat. Currently, dry food is the most popular product type, holding the majority of the total share.
On the basis of ingredients, animal derivatives dominate the market, accounting for the largest share. They are followed by the plant derivatives, cereal derivatives and others.
Based on the distribution channel, the report finds that supermarkets & hypermarkets represent the leading segment, accounting for the majority of the total share. Other major distribution channels include convenience stores and online stores.
The report has also analysed the competitive landscape of the market and provides the details of the key players.
This report provides a deep insight into the Saudi Arabia cat food industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers & challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a cat food manufacturing plant. The study analyses the processing & manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Saudi Arabia cat food industry in any manner.
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About the AuthorBharat Book
Joined: August 18th, 2017
Articles Posted: 3,022
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