Pet Food - Namibia | Statista Market Forecast

Revenue in the Pet Food market amounts to US$21.40m in 2024. The market is expected to grow annually by 8.25% (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$8.09 are generated in 2024.
In the Pet Food market, volume is expected to amount to 13.37m kg by 2029. The Pet Food market is expected to show a volume growth of 4.2% in 2025.0.
The average volume per person in the Pet Food market is expected to amount to 4.2kg 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 Namibia, part of The Food market, is experiencing minimal growth due to factors such as low disposable income and limited access to technology. Despite this, rising pet ownership and increasing health consciousness among pet owners are driving demand for higher quality pet food options.

Customer preferences: As pet ownership continues to rise in Namibia, there is a growing trend towards premium and natural pet food options. Pet owners are increasingly concerned about the health and well-being of their furry companions, leading to a demand for organic, grain-free, and human-grade ingredients in pet food. This shift in consumer preferences is driven by a desire for higher quality and healthier options for their pets, mirroring the growing focus on health and wellness in the overall food market.

Trends in the market: In Namibia, the Pet Food Market is seeing a rise in demand for organic and all-natural pet food products. This trend is driven by a growing awareness among pet owners about the importance of nutrition and the desire to provide their pets with high-quality, healthy food options. This is significant for industry stakeholders, as it presents an opportunity for market growth and diversification of product offerings. Additionally, the shift towards sustainability and eco-friendly practices in pet food production is gaining momentum, which could have potential implications for industry players who may need to adapt their processes and sourcing strategies to meet consumer demands.

Local special circumstances: In Namibia, the Pet Food Market is heavily influenced by the country's vast and diverse landscape, which creates unique challenges in terms of distribution and supply chain management. The population's strong cultural ties to pet ownership also play a significant role in shaping market demand. Additionally, the government's strict regulations on pet food ingredients and labeling further differentiate the market and impact product offerings. These factors contribute to a dynamic and rapidly evolving market landscape, where companies must be adaptable and innovative to succeed.

Underlying macroeconomic factors: The growth of the Pet Food Market within The Food market in Namibia is influenced by macroeconomic factors such as consumer spending, economic growth, and government regulations. The country's stable economic growth and rising disposable incomes have resulted in increased spending on pet products, including pet food. Furthermore, favorable government policies and investments in the pet industry have also contributed to market growth. The rise in pet ownership and the growing trend of humanization of pets are also driving demand for premium and specialized pet food products in Namibia.

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.