GCC Dog Food Market Report, Industry Overview, Growth, Analysis and Forecast 2024
by Rahul Rastogi Market Research AnalystAccording
to the latest report by IMARC Group, titled “GCC Dog Food Market: Industry
Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”,
the dog
food market in GCC experienced
stable growth during 2011-2018. Dog food refers to commercially prepared foods
for dogs that comprises nutrients, such as proteins, minerals, vitamins and
carbohydrates. Widely available in dry (kibble), wet and semi-moist forms, it
is fortified using various ingredients, including oatmeal, potatoes, pea
protein, sugar-based sweeteners, bone meal, chicken liver chunks and
sugar-based sweeteners. It provides proper nutrition required by dogs for
maintaining an appropriate weight, a lustrous coat and adequate energy levels.
Apart from this, good quality dog food also helps in regulating digestion,
strengthening bones and muscles, and boosting the immune system of pet dogs.
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Market
Trends:
The
market is primarily driven by the increasing adoption rates of dogs as pets in
the GCC region. Moreover, a significant rise in the expatriate population in
the region, along with the growing number of nuclear families, has resulted in
an increased preference for pets as companions, especially dogs. Apart from
this, manufacturers are introducing several premium products made from organic
raw materials and natural flavorings in the market. Consumption of these
formulations reduces the chances of allergic reactions and skin diseases among
pets, owing to which they are increasingly being preferred by pet owners in the
region. The advent of multigrain and gluten-free dog food variants, inflating
income levels of the majority of the population, and the rising trend of pet
humanization are some of the other factors contributing to the market growth.
On account of the aforementioned factors, the market is expected to experience
stable growth during 2019-2024.
Market
Summary:
·
On the basis of the product type, the market
has been divided into dry, wet and canned, and snacks and treats. Amongst
these, dry dog food is the most preferred product type in the market.
·
Based on the ingredient, animal derivatives
account for the majority of the total market share. Other major segments
include plant, cereal and other derivatives.
·
The market has been analyzed on the basis of
the distribution channel into convenience stores, supermarkets and
hypermarkets, online stores, and others. At present, convenience stores exhibit
a clear dominance in the market.
·
Region-wise, the UAE holds the leading
position in the market. Other major regions include Saudi Arabia, Kuwait, Oman,
Qatar and Bahrain.
· The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the key players operating in the market.
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with TOC & List of Figure: https://www.imarcgroup.com/gcc-dog-food-market
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Created on Nov 13th 2019 01:10. Viewed 305 times.