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.
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 Western Asia has seen minimal growth, influenced by factors such as changing consumer preferences, increasing concerns about pet health, and the convenience of online pet food services. This has resulted in a slow growth rate for the overall Food Market in the region.
Customer preferences: With the rise of pet ownership and the growing importance of pets as members of the family, there has been a noticeable shift in consumer preferences towards more natural and high-quality pet food options. This trend is driven by a growing awareness of the health benefits of a balanced diet for pets, as well as a desire for transparency and ethical sourcing of ingredients. Additionally, as more individuals embrace a "humanization" of pets, there has been an increase in demand for customized and personalized pet food solutions. This trend is expected to continue as consumers become more conscious of the well-being and overall health of their furry companions.
Trends in the market: In Western Asia, the Pet Food Market is experiencing a rise in demand for premium and natural pet food products. This trend is driven by the growing awareness among pet owners about the importance of providing high-quality and nutritious food for their pets. This trend is expected to continue in the coming years, as more consumers are willing to pay a premium for healthier pet food options. This shift towards premium pet food is significant for industry stakeholders, as it presents opportunities for market growth and product innovation. It also highlights the importance of transparency and sustainability in the pet food industry, as consumers are becoming more conscious of the ingredients and sourcing of their pet's food. As a result, companies in the Pet Food Market will need to adapt to these changing consumer preferences and invest in sustainable and ethical practices to remain competitive in the market.
Local special circumstances: In Western Asia, the Pet Food market is heavily influenced by the region's traditional dietary preferences. The popularity of meat-based diets in countries such as Iran and Turkey has resulted in a high demand for protein-rich pet food products. Additionally, cultural beliefs and religious practices, such as the prohibition of pork in many Middle Eastern countries, require specialized pet food formulations. Moreover, strict regulations on pet food ingredients and labeling in countries like Israel and the United Arab Emirates have created a unique market landscape for pet food manufacturers and suppliers.
Underlying macroeconomic factors: The Pet Food Market within The Food market is significantly impacted by macroeconomic factors such as consumer spending, economic growth, and trade policies. In Western Asia, the market is expected to experience steady growth due to increasing disposable income and a growing pet ownership rate. However, fluctuations in global economic trends and trade policies, such as tariffs on imported ingredients, can significantly impact the market's performance. Moreover, the overall health of the national economy, including inflation rates and unemployment levels, can also influence consumer purchasing power and, in turn, the demand for pet food products.
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