Pet Food - Benin

Benin

Revenue in the Pet Food market amounts to US$15.99m in 2024. The market is expected to grow annually by 7.57% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$59,740m in 2024).
In relation to total population figures, per person revenues of US$1.14 are generated in 2024.
In the Pet Food market, volume is expected to amount to 22.13m kg by 2029. The Pet Food market is expected to show a volume growth of 5.9% in 2025.
The average volume per person in the Pet Food market is expected to amount to 1.2kg in 2024.

Key regions: Russia, Spain, Philippines, United Kingdom, India

Market

Region

Region comparison

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Analyst Opinion

In Benin nan, the Pet Food Market in The Food market is experiencing minimal growth rate due to factors such as low disposable income, limited availability of pet food products, and lack of awareness among consumers about the benefits of pet food. However, increasing adoption of digital technologies and rising health consciousness among pet owners may drive future growth.

Customer preferences: As pet ownership continues to rise in Benin, pet owners are becoming more invested in the health and well-being of their furry companions. This has led to a growing demand for natural and organic pet food options, as consumers become more conscious of the ingredients in their pet's diet. Additionally, there is a shift towards personalized and customized pet food, with pet owners looking for specific formulas tailored to their pet's breed, age, and health conditions. This trend is driven by a cultural emphasis on holistic health and wellness for both humans and animals.

Trends in the market: In Benin, the Pet Food Market is experiencing a shift towards more natural and organic pet food products. This trend is driven by consumer preferences for healthier options and concerns over the quality and safety of traditional pet food. As a result, pet food companies are investing in research and development to create innovative, natural pet food products. This trend is expected to continue as consumers become more health-conscious and seek out premium, natural options for their pets. Industry stakeholders should take note of this trend and adapt their product offerings and marketing strategies accordingly to stay competitive in the market.

Local special circumstances: In Benin, the Pet Food Market within The Food market is heavily influenced by cultural factors. The country has a strong tradition of raising and caring for domestic animals, leading to a high demand for high-quality pet food products. Additionally, the geographical landscape of Benin, with its access to diverse natural resources, plays a significant role in shaping the local pet food market. Furthermore, the government's regulations on animal welfare and import/export policies also impact the dynamics of the Pet Food Market in Benin.

Underlying macroeconomic factors: The Pet Food Market in Benin is largely influenced by macroeconomic factors such as consumer spending habits, economic stability, and government regulations. As the country's economy continues to grow, there is a rise in disposable income and an increase in pet ownership, leading to a higher demand for pet food products. Furthermore, government initiatives to promote healthy pet diets and regulations on the quality of pet food also play a significant role in shaping the market. Additionally, global trends towards premium and natural pet food products are also impacting the market, as consumers become more conscious about the health and well-being of their pets.

Methodology

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.