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 Chad is experiencing minimal growth due to factors such as limited consumer awareness and lack of access to digital technologies. Despite the convenience of online services, the market's growth rate remains low.
Customer preferences: As consumer awareness and concern for sustainability grows, there has been a noticeable shift towards eco-friendly and sustainable pet food options in the Pet Food Market. This trend is driven by the increasing influence of cultural values and lifestyle choices, with pet owners opting for products that align with their environmental values. Additionally, there is a rising demand for natural and organic ingredients in pet food, reflecting a preference for healthier options for their furry companions.
Trends in the market: In the pet food market, there is a growing trend towards natural and organic pet food products. This trend is driven by consumer demand for healthier options for their pets, as well as concerns over the ingredients used in traditional pet food. As a result, there has been an increase in the number of companies offering natural and organic pet food options, and this trend is expected to continue. This shift towards natural and organic products has significant implications for industry stakeholders, as they must adapt to meet consumer demands and compete with new entrants in the market. Additionally, this trend has the potential to drive up prices for pet food products, as natural and organic ingredients are typically more expensive.
Local special circumstances: In Chad, the Pet Food Market within The Food market is heavily influenced by the country's geographical and cultural circumstances. Due to the predominantly rural population, traditional pet food options such as raw meat and table scraps are still widely used. However, with increasing urbanization and a growing middle class, there is a rising demand for premium pet food products. This has led to the emergence of local manufacturers and distributors catering to this niche market segment. Additionally, strict regulatory policies on imported pet food products have also contributed to the unique dynamics of the Pet Food Market in Chad.
Underlying macroeconomic factors: The growth of the Pet Food Market within The Food market is also influenced by macroeconomic factors such as changing consumer preferences, economic stability, and government policies. Countries with stable economies and supportive policies for pet care are likely to experience higher demand for pet food products. Furthermore, the increasing awareness about pet health and nutrition, coupled with the rising disposable income, is driving the demand for premium and specialized pet food products, contributing to the growth of the market. The market is also impacted by global trends in the food industry, such as the shift towards natural and organic ingredients, which is reflected in the pet food market as well.
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