Saudi Arabia Pet Food Market to Grow with a CAGR of 7.13% through 2028
Saudi Arabia Pet Food Market is being propelled by
rising pet ownership, increasing awareness of pet health and nutrition and the
growing popularity of personalized pet food products.
According to TechSci Research report, “Saudi Arabia
Pet Food Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2029”, the Saudi Arabia Pet Food Market stood at USD 71.43
million in 2022 and is anticipated to grow with a CAGR of 7.13% in the forecast
period, 2024-2028. The Saudi Arabia Pet Food market is experiencing significant
growth and transformation. Fueled by a rising pet population, increased
disposable incomes, and changing consumer preferences, the market is witnessing
a shift towards premium and specialized pet food products. Pet owners in the
region are increasingly concerned about their pets' health, leading to a demand
for high-quality and nutritionally balanced pet food. Online retail channels
are becoming more popular, providing convenience and a wider range of options
for pet owners. However, challenges include complex regulations, the need for
consumer education on pet nutrition, distribution complexities, and
competition. Overall, the Saudi Arabia Pet Food market is dynamic and evolving
to meet the diverse needs of pet owners.
One of the driving forces behind the growth of the
Saudi Arabia Pet Food market is the steadily increasing pet population in the
country. Pets, particularly dogs and cats, are becoming more integral to the
lives of Saudi families. The bond between humans and their furry companions has
grown stronger, with pets often seen as beloved family members. This cultural
shift has led to a surge in pet ownership, translating to a higher demand for
pet food and related products.
The pet food market's growth can also be attributed to
the rise in disposable incomes among Saudi households. As the Kingdom continues
to diversify its economy and invest in various sectors, a significant portion
of the population now has higher purchasing power. This has allowed pet owners
to allocate more of their budgets to ensure the well-being of their pets. As a
result, there is a growing inclination to invest in premium and specialized pet
food products that promise better nutrition and overall pet health.
The premiumization of pet food is a prominent trend
within the Saudi Arabian market. Pet owners are increasingly inclined to choose
high-quality pet food options, emphasizing the use of real, natural
ingredients, and avoiding artificial additives. Premium pet food products often
come with a higher price tag, but pet owners are willing to invest in these
products to ensure their pets' optimal nutrition and health. This trend extends
to various pet food categories, including dry kibble, wet food, treats, and supplements,
reflecting the market's growing focus on better pet nutrition.
Furthermore, the growing focus on health and wellness
among pet owners is reshaping the Saudi Arabia Pet Food market. This trend is
characterized by the demand for specialized pet food diets, such as those
catering to specific health conditions, life stages, or breed-specific needs.
As pet owners become more health-conscious for themselves, this mindfulness is
extending to their pets, leading to a surge in specialized pet food options.
Functional ingredients, such as probiotics,
antioxidants, and Omega-3 fatty acids, are increasingly being included in pet
food products to support pet health and well-being. These ingredients are
believed to improve digestion, boost the immune system, and promote overall
vitality in pets. Additionally, the emphasis on holistic and natural products
has led to a market shift toward pet food free from artificial preservatives,
colors, and additives, in favor of real and recognizable ingredients.
The health and wellness trend also extends to pet
treats and supplements. Treats are no longer just simple rewards; they often
serve additional functions such as dental health, joint support, or coat
conditioning. Meanwhile, supplements are gaining traction among pet owners who
are looking to address specific health concerns or nutritional deficiencies in
their pets.
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Another pivotal trend shaping the Saudi Arabia Pet
Food market is the rapid rise of online retail channels. E-commerce has gained
substantial momentum in the region, making it easier and more convenient for
pet owners to access a wider range of pet food products. This trend has been
further accelerated by the COVID-19 pandemic, which prompted many consumers to
turn to online platforms for their shopping needs.
Online pet food shopping offers the advantage of
comparing prices, reading product reviews, and conveniently having pet food
delivered to the doorstep. Both international and local e-commerce platforms
cater to this growing market, as well as dedicated pet food delivery services.
The convenience and efficiency of online shopping are likely to contribute to
the sustained growth of this channel in the Saudi Arabia Pet Food market.
Saudi Arabia Pet Food market is segmented into pet
type, product type, sales channel, and region.
Based on product type, the market is segmented into dry
food, wet food, canned food, others (treats, flake & pellet, freeze-dried,
etc.).
Canned pet food is emerging as the rapidly growing
segment in the Saudi Arabia Pet Food market. This trend can be attributed to
the increasing consumer preference for the convenience, variety, and freshness
offered by canned pet food. Pet owners are increasingly opting for canned
options due to their long shelf life and easy serving. Canned pet food is
available in a range of flavors and formulations, making it an appealing choice
for pet owners who seek diversity in their pets' diets. As pet nutrition
awareness rises, the convenience and nutritional benefits of canned pet food
are contributing to its growth as a prominent market segment in Saudi Arabia.
Major companies operating in Saudi Arabia Pet Food market
are:
- Mars Petcare
- Nestle PurinaPetCare Company
- Hill's Pet Nutrition KSA
- Del Monte Arabia
- Colgate-Palmolive
- Blue Buffalo Pet Products, Inc.
- Bayt Al Aleefa (Pet House Trading)
- Zee.Dog
- Bayer AG
- United Pet Group
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“ The Saudi Arabia
Pet Food market is characterized by rapid growth and transformation. Key growth
drivers include a burgeoning pet population, increased disposable incomes, a
shift towards premium and specialized pet food products, and the expansion of
online retail channels. Pet owners are increasingly focused on their pets'
health and wellness, demanding nutritionally balanced and natural products.
Sustainability and ethical consumption are also influencing purchasing
decisions.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Saudi
Arabia Pet Food Market By Pet Type (Dogs, Cats, Fish, Others), By Product Type
(Dry Food, Wet Food, Canned Food, Others (Treats, Flake & Pellet,
Freeze-Dried, etc.)), By Sales Channel (Supermarkets/Hypermarkets, Dedicated
Pet Stores, Online, Others) By Region, By
Competition Forecast & Opportunities, 2018-2028F, has evaluated
the future growth potential of Saudi Arabia Pet Food market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision-makers make sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Saudi Arabia Pet Food market.
Contact
Mr. Ken Mathews
Techsci Research LLC
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10170
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