The UAE pet food market reached a value of US$ X Million in 2018. The market is further projected to reach a value of around US$ X Million by 2024, growing at a CAGR of X% during 2019-2024. Owning a pet is considered as a status symbol in the UAE due to which they are becoming more popular among high income earners. On account of rising pet humanisation trend, a large section of the UAE population has started treating their pets as a part of their family. This evolution in the relationship between owners and their pets has increased the owners’ awareness of their pet’s health such as weight, allergies and dietary tolerances which has resulted into a heightened demand for different types of pet foods in the country.
The UAE Pet Food Market Drivers/Constraints:
Breakup by Pet Food Type:
On the basis of pet food type, the market has been segmented into cat food, dog food and others. Cats are considered to be sacred and cleaner in comparison to other pets. As a result, cat food represents the most popular pet food type, accounting for the majority of the total market share.
Breakup by Product Type:
Based on the product type, dry food holds the largest market share. Dry food is considered convenient for both storage and feeding, and can be easily left in a bowl for the pet to consume at its own pace without the fear of spoilage. Moreover, dry kibbles are available in several shapes, sizes and types, making it suitable for different types of pets. Other product types include wet and canned food, and snacks and treats.
Breakup by Ingredient:
On the basis of ingredient, the market has been segregated into pet food prepared from animal derivatives, plant derivatives and cereal derivatives. Currently, animal derivatives account for the largest market share as they provide a variety of nutrients including proteins, amino acids, fats, minerals and vitamins which are essential for a pet’s health.
Breakup by Distribution Channel:
Pet food is distributed through various channels such as supermarkets and hypermarkets, convenience stores, online stores and others. Among these, supermarkets and hypermarkets represent the leading distribution channel. Numerous pet food manufacturers are investing in advertisement and promotional activities in supermarkets and hypermarkets which is stimulating the sales of pet food.
The report has also analysed the competitive landscape of the UAE pet food market and provides the profiles of the key players.
This report provides a deep insight into the UAE 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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