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Saudi Arabia Pet Care Market to Grow at a CAGR of 7.20% During 2022-2027, Aided by the Increasing Affordability of Pet Care Products

According to a new report by EMR titled, ‘Saudi Arabia Pet Care Market Report and Forecast 2022-2027’, the Saudi Arabia pet care market is expected to grow at a CAGR of 7.20% in the forecast period of 2022-2027, aided by the rising affordability of pet care products in the country.

The pet care market in Saudi Arabia is driven by the increasing consumer spending on the pet care products, coupled with the growing trend of pet humanisation. The country has witnessed a significant increase in the spending on pets in order to bolster their quality of life. The market is anticipated to be aided by the growing adoption of birds in order to bolster the interaction and reduce depression. Over the forecast period, the pet grooming products such as shampoos, conditioners, and brushes, among others are gaining significant traction. This factor is likely to augment the market growth.

Saudi Arabia occupies a significant share in the market and is anticipated to witness a robust growth in the forecast period. The market growth in the country is being driven by the increasing number of pet nutritionists and veterinarians in the country. The emergence of pet care as a profession in the main cities of the country is likely to provide impetus to the market. The market will further be aided by the rising disposable incomes and rising standards of living which is likely to bolster the pet humanisation in the country.

In November 2020, Nestle S.A Purina (SWX: NESN) announced the launch of pet food which containing plant and insect proteins. The product, which was named as Purina Beyond Nature’s Protein, have put two recipes together, one based on chicken, pig’s liver and millet, and the second one based on insect protein, chicken and fava beans. Both recipes were introduced in the market for both cats and dogs.

Market Breakup by Pets and Types:

  • The market is segmented on the basis of pet into dogs, cats, fishes, and birds, among others.
  • The types of pet care in the country are pet food, veterinary care, grooming products, supplies/OTC medications, and live animal purchase, among others.

Key Findings of the Report:

  • The Saudi Arabia market for pet care is driven by the increasing consumer spending on the pet care products, coupled with the growing trend of pet humanisation.
  • The growing inclination of people towards pet companionship, owing to the growing awareness about the various advantaging of adopting a pet, is likely to augment the market in the country.
  • The growing adoption of fish for the food industry is likely to propel the market growth.
  • The market will further be aided by the growing expansion of major pet care companies in the country and the innovative products introduced by them.

Key Offerings of the Report:

  • The EMR report gives an overview of the pet care market in Saudi Arabia for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the pets and types in the pet care market in Saudi Arabia.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the pet care market in Saudi Arabia are Mars, Incorporated, Nestlé S. A., Saint Vincent Group GT LLC, ARASCO, and Paws Place, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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