Pet Food - Guinea | Statista Market Forecast

Revenue in the Pet Food market amounts to US$23.65m in 2024. The market is expected to grow annually by 12.74% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$60bn in 2024).
In relation to total population figures, per person revenues of US$1.63 are generated in 2024.
In the Pet Food market, volume is expected to amount to 9.41m kg by 2029. The Pet Food market is expected to show a volume growth of 5.8% in 2025.0.
The average volume per person in the Pet Food market is expected to amount to 0.5kg in 2024.

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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Dog food
Cat food
Food for other house pets (rodents, reptiles, birds etc)

Feeds for farm animals
Pet supplement
Out-of-home consumption

The Pet Food market in Guinea is steadily growing, influenced by factors like the rising demand for healthier pet food options, increasing pet ownership rates, and the convenience of online shopping. This mild growth can be attributed to the country's growing economy and changing consumer preferences towards premium and natural pet food products.

Customer preferences: As pet ownership continues to rise globally, there is a growing demand for personalized and nutritionally-balanced pet food options. With an increasing focus on pet health and wellness, pet owners are seeking out natural and organic ingredients and specific dietary options for their furry companions. Additionally, the rise of e-commerce and online shopping has made it easier for pet owners to access a wider variety of pet food products, including specialized options for pets with dietary restrictions or allergies. This shift towards personalized and convenient pet food options is driven by the growing importance of pets as family members and the desire to provide them with the best possible care.

Trends in the market: In recent years, there has been a significant increase in demand for natural and organic pet food products in the Pet Food Market within The Food market. This trend is driven by consumers' growing awareness of the importance of nutrition and health for their pets. Additionally, there has been a rise in the use of alternative protein sources such as plant-based proteins in pet food, as more pet owners are seeking sustainable and ethical options. This trend is expected to continue, with companies investing in research and development to meet the demand for high-quality, natural pet food. This shift towards healthier and more sustainable pet food options has the potential to benefit both industry stakeholders and consumers by promoting overall pet well-being and reducing environmental impact.

Local special circumstances: In Guinea, the Pet Food Market is heavily influenced by cultural norms and practices. The country has a large Muslim population, which restricts the consumption of pork and other non-halal meats. This has led to a demand for alternative protein sources in pet food, such as chicken and fish. Additionally, Guinea has a growing middle class with increasing disposable income, leading to a rise in pet ownership and demand for premium pet food products. However, the market is also affected by regulatory barriers, such as import restrictions and high tariffs, which limit the availability of certain pet food brands.

Underlying macroeconomic factors: The Pet Food Market within The Food market is significantly impacted by macroeconomic factors such as consumer spending habits, disposable income levels, and economic growth. Countries with strong economic growth and increasing disposable income levels are witnessing a rise in demand for premium pet food products, while countries with slower economic growth may see a shift towards more affordable options. Additionally, regulatory policies, trade agreements, and fluctuations in currency exchange rates can also affect the prices and availability of pet food products in the market. The increasing focus on pet health and wellness, as well as the growing trend of humanization of pets, are also major drivers of the pet food market.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.