UAE Cat Food Market is Expected to Reach US$ 37 Billion by 2024 – IMARC Group

The UAE cat food market has witnessed moderate growth over the past few years. The rising trend of pet humanization, high disposable incomes of pet owners and the availability of value-added product variants is spurring the growth of the market.

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According to the latest report by IMARC Group, titled “UAE Cat Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the UAE cat food market reached a value of around US$ 26 Billion in 2018, growing at a CAGR of nearly 7% during 2013-2018. Cats are regarded as the most preferred type of pets in the UAE as they are revered in Islam. They are also perceived to be more hygienic than other pets and are well-suited to the regional climate. Cat food is generally made up of plant and animal derivatives which are suited to meet the dietary requirements of cats. They are commercially available in dry extruded form, generally packaged in multi-layered paper bags, or in wet form, packed in aluminum or steel cans. These products are rich in vitamins, minerals, proteins, carbohydrates, fats and amino acids which aid in the necessary growth of cats.

UAE Cat Food Market Trends:

An increase in the number of nuclear families in the UAE, along with the growing consciousness about pet health among cat owners, has provided thrust to the growth of the market. In addition, cat owners are now treating their pets as a member of their family. High expendable incomes of Emiratis, coupled with this rising trend of pet humanization, has boosted the sales of premium products. Apart from this, cats are now allowed to enter various public spaces in the country which is positively influencing their adoption rate in the region. Moreover, manufacturers have developed several fortified and value-added variants such as gluten-free, multigrain, protein-specific and grain-free products which are gaining popularity among the owners. Similarly, organic and natural products have now been introduced by renowned brands. On account of these factors, the market value is anticipated to reach nearly US$ 37 Billion by 2024.

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Insights on Market Segmentation:

Market Breakup by Product Type:

1. Dry Food

2. Wet and Canned Food

3. Snacks and Treats

Based on product types, the market has been divided into dry food, wet and canned food, and snacks and treats. Amongst these, dry food represents the most popular product type.

Market Breakup by Ingredient Type:

1. Animal Derivative

2. Plant Derivative

3. Cereals Derivative

4. Others

The market has been classified on the basis of ingredient types which include animal, plant and cereal derivates. At present, animal derivatives account for the majority of the total market share.

Market Breakup by Distribution Channel:

1. Supermarkets and Hypermarkets

2. Convenience Store

3. Online Store

4. Others

On the basis of distribution channels, the market has been segregated into supermarkets and hypermarkets, convenience stores, and online stores. Currently, supermarkets and hypermarkets hold the dominant share, representing the largest market segment.

Competitive Landscape:

The competitive landscape of the cat food market in the UAE has also been examined in the report along with the profiles of the key players operating in the industry.

Related reports:

UAE Dog Food Market: https://www.imarcgroup.com/uae-dog-food-market

GCC Cat Food Market: https://www.imarcgroup.com/gcc-cat-food-market

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This release was published on openPR.