Definition:
The Pet Food market covers food that has been specifically created to meet the nutritional requirements of domesticated animals, including dogs, cats, as well as feed products for other less common house pets such as rodents and reptiles. Various components that supply vital nutrients for the animal’s health and wellness are often included in pet food.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Pet Food market in Bahrain is facing negligible growth, influenced by factors like low consumer awareness, limited online presence, and traditional feeding habits. Despite the potential for growth, the market is struggling to tap into digital technologies and cater to the rising demand for healthy pet food options.
Customer preferences: As pet ownership continues to rise in Bahrain, so does the demand for high-quality and specialized pet food products. This has led to a shift towards natural and organic pet food options, as pet owners become more conscious of their pet's health and well-being. Moreover, with an increasing number of expats residing in Bahrain, there is a growing demand for international brands and premium pet food products, catering to the diverse tastes and preferences of the expat community.
Trends in the market: In Bahrain, the Pet Food Market within The Food market is experiencing a rise in demand for natural and organic pet food products. This trend is driven by an increasing awareness among pet owners about the importance of a healthy diet for their furry companions. As a result, pet food companies are expanding their product lines to include more natural and organic options. This trend is expected to continue in the coming years, with pet owners willing to spend more on high-quality pet food products. This has significant implications for industry stakeholders, as it presents opportunities for growth and differentiation in a competitive market. Additionally, pet food manufacturers may need to adapt their production processes and sourcing strategies to meet the demand for natural and organic ingredients.
Local special circumstances: In Bahrain, the Pet Food market is heavily influenced by the country's small size and high population density. This makes it easier for pet owners to access pet stores and services, leading to a strong demand for premium pet food products. Additionally, cultural factors play a significant role, as pet ownership is seen as a status symbol in Bahrain, leading to a willingness to spend more on high-quality pet food. Strict regulations on pet food imports also contribute to market dynamics, as local manufacturers are encouraged to produce and innovate within the market.
Underlying macroeconomic factors: The Pet Food Market in Bahrain is heavily influenced by macroeconomic factors such as the country's economic stability, government policies, and consumer spending. With a strong and stable economy, and a government that supports the growth of the food industry, the market is expected to experience steady growth. Additionally, the rising awareness of pet health and the increase in pet ownership are driving demand for high-quality and nutritious pet food products. Furthermore, the growing trend of humanization of pets and the increasing disposable income of consumers are also contributing to market growth.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights