Size, Growth, Share, Key Players, Trends, Price, Industry Demand, and Forecast
According to the latest report of the IMARC group, entitled “GCC Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026 », the GCC Pet Food Market Size reached a value of US $ 206.8 million in 2020. Going forward, IMARC Group expects the GCC pet food market to show moderate growth in the period 2021- 2026. Pet food refers to a highly nutritious and energy dense food product that is made to meet the nutritional needs of pets. It is prepared from several ingredients such as meat, feed grains, seafood and poultry. Due to the growing awareness of owners and the growing trend towards the humanization of pets, pet parents now treat their pets as part of their family. This has improved the relationship between owners and their pets, in turn boosting the demand for pet food products in the region.
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Owning a pet is considered a status symbol in different countries in the GCC region like the United Arab Emirates, especially among high income people. This, along with factors such as urbanization and the emerging trend of nuclear families, has resulted in increased sales of pets in the region. Apart from this, the demand for pet food is also influenced by changing perceptions of citizens towards pet ownership. Additionally, manufacturers are adopting improved production techniques to retain essential nutrients that are lost during processing. They are also launching premium product varieties, such as multigrain, grain-free, gluten-free, and protein-specific pet foods to meet the individual needs of various pets.
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Key market segmentation:
Market breakdown by type of pet:
Market breakdown by type of product:
- Dry food
- Wet and canned food
- Snacks and treats
Market breakdown by type of ingredient:
- Animal derivatives
- Plant derivatives
- Cereal derivatives
Market breakdown by distribution channel:
- Supermarkets & Hypermarkets
- Convenience Stores
- Online stores
Market breakdown by region:
- United Arab Emirates
- Saudi Arabia
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
The IMARC group is a leading market research company providing management strategies and market research worldwide. We partner with clients across industries and regions to identify their most exciting opportunities, address their most critical challenges and transform their businesses.
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