Saudi Arabia Pet Food Market & Future Trend 2018-2023
Posted by Bharat Book on September 17th, 2018
Bharat Book Bureau Provides the Trending Market Research Report on “Saudi Arabia Pet Food Market” under Food & Beverage category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
The Saudi Arabia Pet Food Market reached a value of US$ XX Million in 2017. The market is further projected to reach a value of US$ XX Million by 2023, expanding at a CAGR of X% during 2018-2023. Pet foods are highly nutritious and energy dense food product made specifically to meet the nutritional requirements of pets. Pet foods are formulated using a wide range of ingredients including feed grains, meat, poultry, seafood, etc. A rise in the number of households with pets in Saudi Arabia, due to an increase in the income of the consumers, has significantly contributed in driving the demand for pet food in the country. Moreover, the pet owners have become more aware and informed about their pet’s nutrition and health. This has upscaled the demand for pet food in the country.
Saudi Arabia Pet Food Market Drivers/Constraints:
Rising pet care awareness has resulted in a humanisation trend wherein an increasing number of owners treat their pets as family members. This has led to an increase in the demand for more nutritious pet food made with scientific formulations, thereby augmenting the market growth in the region.
Since some of the essential nutrients are lost during processing, the manufacturers are developing new and improved pet food variants in order to cater to the needs of all pets, ranging from dogs and cats to birds and reptiles, in turn, propelling the growth of the market.
Increasing trends in pet humanisation have created a highly competitive pet food market and manufacturers face major challenges from pet owners that are prone to blame pet food manufacturers in case their pets have any type of health issues.
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Pet Type Insights:
Based on the pet type, the market has been segmented as cats, dogs and others. Currently, cats are the most popular type of pet as they are well suited to the regional climate and are considered to be sacred, cleaner, and cheaper to buy and maintain as compared to other pets.
Product Type Insights:
On the basis of product type, dry pet food represents the leading segment holding the largest share. Since it is the most convenient type of pet food in terms of storage and feeding, its demand has been witnessing a surge. Other major pet food types include wet and canned, and snacks and treats.
Based on the ingredient type, the report finds that animal derivatives dominate the market as they are a rich source of amino acids, proteins, fats, and fat-soluble vitamins and minerals. Animal derivatives are followed by the plant derivatives and cereal derivatives.
Distribution Channel Insights:
On the basis of distribution channel, the market has been segregated into supermarkets and hypermarkets, convenience stores, online stores and others. Amongst these, supermarkets and hypermarkets currently enjoy the leading position in the Saudi Arabia pet food market.
The report has also analysed the competitive landscape of the Saudi Arabia pet food market. Some of the leading players include:
This report provides a deep insight into the Saudi Arabia pet food market 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 and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, 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 pet food market in any manner.
Key Questions Answered in This Report:
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About the AuthorBharat Book
Joined: August 18th, 2017
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