Rise in demand to increase the nutrient value of the pet food and increase in pet food expenditure is expected to drive the Saudi Arabia Pet Food market in the forecast period.
According to TechSci Research report, “Saudi Arabia Pet Food Market By Pet Type (Dogs, Cats, Fish, Others) By Product Type (Dry Food, Wet and Canned Pet Food, Others (Treats, Flake & Pellet, Freeze-Dried, etc.)) By Distribution Channel (Dedicated Pet Store, Supermarket/Hypermarket, Online Retail & Others), By Region, Company Forecast & Opportunities, 2026”, The Saudi Arabia Pet Food market is expected to witness steady growth in the next five years. Pet food is specially made for pets to provide them with nutritious and energy-dense food items to meet the nutritional requirement of pets. Pet food is made using ingredient sources like meat, poultry, seafood, among others. The rapid urbanization of people in search of better job opportunities and the quality of living standards is aiding to raise the awareness among the consumer regarding the benefits of providing healthy food to their pets. Pet owners are preferring organic and natural pet food for their pets due to the adverse effects of synthetic and the use of preservatives in pet food. The rise in consumer awareness has led to a higher focus on maintaining health and providing them with essential nutrients. The high demand for canned pet food to feed dogs and cats and provides them with carbohydrates, proteins, and fats. There is high demand for branded or premium pet food brands and consumers are opting between different multiple available options to make the right decisions.
The COVID-19 outbreak across the world which has been declared as a pandemic by World Health Organization has affected countries adversely. Leading authorities of Saudi Arabia imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. The pet food manufacturing units were temporarily shut down and the shortage of workforce was observed as the majority of workers moved back to their native places during the lockdown period. Disruption in the supply chain was observed due to restrictions on the import and export and cross-trade of objects which affected the pet food market growth adversely.
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Saudi Arabia Pet Food market is segmented into pet type, product type, distribution channel, regional distribution, and company. Based on product type, the market can be divided into dry food, wet and canned pet food, and others. The other segment further includes treats, flake & pellet, and freeze-dried. The dry food segment is expected to account for major market share in the forecast period, 2022-2026. Dry food is in high demand as it offers several advantages over the other types such as it is easy to store and feed the animals using dry food type due to the low moisture content. Based on the distribution channel, the market can be divided into dedicated pet store, supermarket/hypermarket, online retail & others. The supermarket/hypermarket segment is expected to witness substantial growth in the next five years owing to the huge footfall in these types of markets. These markets offer discounts to attract consumers to spend more on essential food items such as pet food which is further influencing the growth of the pet food market.
Mars Petcare, Nestlé Purina PetCare 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 are the leading players operating in Saudi Arabia Pet Food market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several Pet Food manufacturers are coming up with their technologically advanced offerings.
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“Market players are investing huge amounts for the development of online channels through which they can expand the business and reach of their pet food brands and influence the market growth. Adoption of advanced technologies such as artificial intelligence, the internet of things, machine learning, big data analytics, among others are upgrading the consumer experience while purchasing by providing an interactive environment and a plethora of options to choose the best available option for their pets. They also offer lucrative discounts to attract the consumers coupled with the facility of easy returns, quick delivery, and pick-up options which is further expected to propel the pet food market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a global research-based management consulting firm.
“Saudi Arabia Pet Food Market By Pet Type (Dogs, Cats, Fish, Others) By Product Type (Dry Food, Wet and Canned Pet Food, Others (Treats, Flake & Pellet, Freeze-Dried, etc.)) By Distribution Channel (Dedicated Pet Store, Supermarket/Hypermarket, Online Retail & Others), By Region, Company Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi Arabia Pet Food market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of Saudi Arabia Pet Food market.
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