Saudi Arabia Pet Food Market Size to Grow at a CAGR of 6.91% in the Forecast Period of 2023-2028

PRESS RELEASE
Published February 8, 2023

According to the latest report by IMARC Group, titled "Saudi Arabia Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," the Saudi Arabia pet food market size reached US$ 71.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 106.4 Million by 2028, exhibiting a growth rate (CAGR) of 6.91% during 2023-2028.

Pet food refers to the food product formulated with specific ingredients to meet the nutritional requirements of domesticated animals. It offers several health benefits, such as boosting immunity, maintaining a healthy weight, reducing the risk of skin allergies, and minimizing digestive disorders. In Saudi Arabia, the increasing adoption of pets by individuals has escalated the demand for pet food.

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Saudi Arabia Pet Food Market Trends:

The market is primarily driven by the rising pet care awareness among the individuals as pet owners are getting more affectionate toward their pets and spending more on their nutrition. Besides this, the changing perceptions of pet ownership and shifting consumer preferences toward natural formulations have catalyzed the demand for nutrient-rich and energy-dense pet food products. As a result, manufacturers are developing organic pet food variants with natural ingredients that are grown without pesticides, synthetic fertilizers, hormones, or antibiotics. Along with this, they are also introducing new product varieties, such as gluten-free, multigrain, protein-specific, and grain-free products, to meet the dietary requirements of various pets, including dogs, cats, birds, and reptiles, thereby contributing to the market growth.

Saudi Arabia Pet Food Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players

The competitive landscape of the Saudi Arabia pet food market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these Key Players Include:

  • Mars Petcare
  • Nestlé
  • Hill's Pet Nutrition
  • Del Monte

Key Market Segmentation:

Breakup by Pet Type:

  • Dog Food
  • Cat Food
  • Others

Breakup by Product Type:

  • Dry Food
  • Wet and Canned Pet Food
  • Snacks and Treats

Breakup by Ingredient:

  • Animal Derivates
  • Plant Derivates
  • Cereals Derivative
  • Others

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online
  • Others

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Key Highlights of the Report:                                                   

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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