Pet Food - Botswana

Botswana

Revenue in the Pet Food market amounts to US$43.55m in 2024. The market is expected to grow annually by 8.07% (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$16.01 are generated in 2024.
In the Pet Food market, volume is expected to amount to 27.58m kg by 2029. The Pet Food market is expected to show a volume growth of 3.9% in 2025.
The average volume per person in the Pet Food market is expected to amount to 8.4kg in 2024.

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

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Analyst Opinion

The Pet Food Market in Botswana is facing minimal growth, impacted by various factors such as economic downturns, limited purchasing power, and increasing competition. However, the market is expected to see steady growth in the coming years due to the rising demand for high-quality and nutritious pet food in the country.

Customer preferences: As pet ownership continues to rise in Botswana, there has been a noticeable increase in demand for premium and specialized pet food products. This trend is driven by a growing awareness of the importance of proper nutrition for pets, as well as a desire for healthier and more natural options. Furthermore, there is a growing preference for locally-sourced and organic ingredients in pet food, reflecting the larger trend towards sustainable and ethically-sourced products among consumers.

Trends in the market: In Botswana, the Pet Food Market is experiencing an upward trend in demand for natural and organic pet food products. This trend is driven by increasing awareness about the health benefits of natural ingredients and the shift towards a healthier lifestyle. As a result, pet food companies are investing in research and development to offer more diverse and innovative natural pet food options. This trend is expected to continue in the future, with potential implications for industry stakeholders such as increased competition and the need for more sustainable and ethical sourcing of ingredients.

Local special circumstances: In Botswana, the Pet Food Market within The Food market is heavily influenced by the country's unique geographical and cultural factors. Due to the high prevalence of livestock farming, the demand for pet food is lower compared to other markets. Additionally, the country's strict regulations on imports and exports also impact the availability and pricing of pet food products. The market is also heavily influenced by the cultural preference for traditional homemade pet food, leading to a limited demand for commercial pet food products.

Underlying macroeconomic factors: The Pet Food Market within The Food market in Botswana is heavily influenced by macroeconomic factors such as global economic trends, the country's economic health, and fiscal policies. Botswana's stable economic growth and favorable business climate have contributed to the growth of the Pet Food Market. Additionally, the country's increasing disposable income and changing consumer preferences towards premium pet food products have also fueled market growth. Furthermore, favorable government policies and investments in the agriculture sector have supported the development of the pet food industry in Botswana.

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.