Pet Food - Kuwait

Kuwait

Revenue in the Pet Food market amounts to US$106.20m in 2024. The market is expected to grow annually by 5.19% (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$21.52 are generated in 2024.
In the Pet Food market, volume is expected to amount to 48.15m kg by 2029. The Pet Food market is expected to show a volume growth of 2.8% in 2025.
The average volume per person in the Pet Food market is expected to amount to 8.5kg in 2024.

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

Market

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Analyst Opinion

The Pet Food market in Kuwait has seen minimal growth in recent years due to factors such as limited awareness and availability of online services. However, with increasing consumer interest in pet health and convenience, the market is expected to experience a gradual rise in the coming years.

Customer preferences: As pet ownership continues to grow in Kuwait, there has been a noticeable shift in consumer preferences towards more natural and organic pet food options. This trend is driven by a growing awareness of the importance of nutrition for pet health and wellness. Additionally, with the rise of e-commerce and online shopping, there has been an increase in demand for convenient and home-delivered pet food options. This shift also reflects the changing lifestyles of consumers, who are seeking convenience and time-saving solutions for their pet care needs.

Trends in the market: In Kuwait, the Pet Food Market is experiencing a rise in demand for natural and organic pet food products, as pet owners become more health-conscious and seek out high-quality options for their furry companions. This trend is expected to continue, driven by a growing awareness of the benefits of natural ingredients and an increasing focus on pet wellness. As a result, industry stakeholders can expect to see a shift towards more premium and specialized pet food offerings, as well as an increase in online sales and home delivery services to cater to the convenience and safety needs of pet owners. Additionally, there may be a rise in collaborations between pet food companies and pet health and wellness providers to offer comprehensive solutions for pet owners seeking a holistic approach to their pet's nutrition and well-being.

Local special circumstances: In Kuwait, the Pet Food market is heavily influenced by the country's high pet ownership rate and its cultural tradition of pampering pets. As a result, premium and organic pet food products are in high demand. Additionally, Kuwait's strict regulations on imported pet food have led to the emergence of local pet food manufacturers, creating a more competitive market. Furthermore, Kuwait's growing expat population has also contributed to the increasing demand for international pet food brands, creating a diverse market landscape.

Underlying macroeconomic factors: The Pet Food Market in Kuwait is influenced by macroeconomic factors such as economic stability, consumer purchasing power, and government regulations. The strong economic growth and high disposable income in Kuwait have led to an increase in pet ownership, driving the demand for pet food. Additionally, favorable government policies and investments in the pet industry have created a conducive environment for market growth. However, fluctuations in oil prices and economic downturns can impact consumer spending and ultimately affect the performance of the Pet Food Market in Kuwait.

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.