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 Mozambique is seeing subdued growth due to factors such as limited access to digital technologies and low health awareness among consumers. Despite this, convenience of online services is still driving some growth.
Customer preferences: The Pet Food Market within The Food market has seen a rise in demand for natural and organic pet food products, driven by consumers' growing preference for healthier and more sustainable options. This trend is further fueled by a shift towards pet humanization, where owners are treating their pets as family members and investing in high-quality, premium pet food. Additionally, there is a noticeable increase in demand for pet food with functional ingredients, such as probiotics and vitamins, as pet owners become more conscious of their pets' overall health and well-being.
Trends in the market: In Mozambique, the Pet Food market is experiencing a shift towards natural and organic options, driven by increasing awareness of pet health and wellness. This trend is expected to continue, as consumers become more conscious of the ingredients and sourcing of their pet's food. Additionally, there is a growing demand for premium and specialized pet food products, as pet owners seek to provide their furry companions with the best possible nutrition. This trend is significant for industry stakeholders, as it presents opportunities for market growth and diversification. However, it also poses challenges for smaller players who may struggle to keep up with the demand for high-quality products. Overall, the trajectory of these trends suggests a positive outlook for the Pet Food market in Mozambique, with potential implications for manufacturers, retailers, and pet owners alike.
Local special circumstances: In Mozambique, the Pet Food Market is heavily influenced by the country's geographical location and climate. Due to the tropical climate, there is a high demand for pet food that caters to the specific dietary needs of pets in this region. Additionally, the cultural tradition of keeping pets as companions is deeply ingrained in Mozambican society, leading to a steady and consistent demand for pet food. Furthermore, the regulatory environment in Mozambique is also a factor in the Pet Food Market, as the country has strict regulations on importing and exporting certain ingredients used in pet food, affecting the availability and pricing of pet food products.
Underlying macroeconomic factors: The Pet Food Market within The Food market in Mozambique is affected by various macroeconomic factors, such as the country's overall economic stability, global economic trends, fiscal policies, and other financial indicators. Countries with stable economic growth and favorable policies for the pet food industry are experiencing higher market growth compared to regions with economic instability and regulatory challenges. Furthermore, the increasing urbanization and rising disposable incomes in Mozambique are contributing to the growing demand for pet food products, as pet ownership becomes more affordable and popular among the urban population.
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