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Pet Food - Niger

Niger
  • Revenue in the Pet Food market amounts to US$36.16m in 2024. The market is expected to grow annually by 9.19% (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$1.28 are generated in 2024.
  • In the Pet Food market, volume is expected to amount to 50.02m kg by 2029. The Pet Food market is expected to show a volume growth of 8.2% in 2025.0.
  • The average volume per person in the Pet Food market is expected to amount to 1.3kg 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.

For more information on the displayed data, click the info button on the right side of each box.

In-Scope

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

Out-Of-Scope

  • Feeds for farm animals
  • Pet supplement
  • Out-of-home consumption
Pet Food: market data & analysis - Cover

Market Insights report

Pet Food: market data & analysis

Study Details

    Revenue

    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

    Volume

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Price

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Pet Food Market in Niger is experiencing subdued growth, influenced by factors such as limited access to digital technologies and low health awareness among consumers. However, the convenience of online services is driving some growth in the market.

    Customer preferences:
    As pet owners become more health-conscious, there is a growing demand for organic and natural pet food products. This trend is driven by the increasing awareness of the potential health benefits of natural ingredients and the desire to provide their pets with a diet that mimics their wild ancestors. This has led to a rise in sales of premium pet food brands, with pet owners willing to pay a premium price for high-quality, natural pet food options. Additionally, there has been a shift towards customized pet food options, with owners seeking specific formulas to address their pet's individual needs.

    Trends in the market:
    In Niger, there is a current trend towards organic and natural pet food products, as consumers become more health-conscious and aware of the ingredients in their pets' food. This trend is expected to continue, with a projected growth in demand for premium and specialty pet food options. In the wider Pet Food Market, there is also a growing demand for sustainable and ethically-sourced ingredients, as well as personalized and customized pet food options. This trend is significant for industry stakeholders as it presents opportunities for innovation and product differentiation, but also poses challenges in terms of sourcing and production. Overall, the trajectory of these trends suggests a shift towards more conscious and informed consumer choices in the Pet Food Market.

    Local special circumstances:
    In Niger, the Pet Food market is influenced by the country's dry and arid climate, which limits the availability of certain ingredients and affects the production and pricing of pet food. Additionally, cultural preferences and religious beliefs, such as the predominance of Islam, may impact the types of pet food products that are consumed. In contrast, the Pet Food market in other regions may not face these challenges and may have different product offerings and pricing strategies.

    Underlying macroeconomic factors:
    The Pet Food Market within The Food market is also impacted by macroeconomic factors such as consumer income levels, inflation rates, and government regulations. Countries with stable economies and rising disposable incomes tend to have a higher demand for premium pet food products, while countries with high inflation rates and low consumer purchasing power may see a shift towards more affordable pet food options. Additionally, government policies on food safety and import regulations can significantly affect the supply and pricing of pet food products in the market. As the global pet food market continues to grow, these macroeconomic factors will play a crucial role in shaping its future growth and development.

    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.

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    Pet Food: market data & analysis - BackgroundPet Food: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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