Press release
GCC Cat Food Market To Grow at a CAGR of 6.54% During 2023-2028 | IMARC Group
The latest report by IMARC Group, titled "GCC Cat Food Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," the GCC cat food market size reached US$ 110.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 161.6 Million by 2028, exhibiting a growth rate (CAGR) of 6.54% during 2023-2028.Get a Sample Copy of the Report at: https://www.imarcgroup.com/gcc-cat-food-market/requestsample
Factors Affecting the Growth of the GCC Cat Food Industry:
• Rising Pet Ownership and Humanization Trends: The increasing trend of pet ownership and the growing humanization of pets are key drivers propelling the cat food market in the Gulf Cooperation Council (GCC). As more households in the region embrace pets as integral family members, the demand for high-quality and nutritionally balanced cat food has surged. Pet owners are increasingly inclined to provide premium and specialized cat food products to ensure the health, well-being, and satisfaction of their feline companions. This cultural shift toward considering pets as family members contributes significantly to the sustained growth of the GCC cat food market.
• Premiumization and Diversification of Cat Food
Products: The GCC cat food market is experiencing growth due to the premiumization and diversification of cat food products. Pet owners are seeking specialized and premium cat food options that address specific dietary needs, preferences, and health concerns of their cats. The market has witnessed the introduction of a variety of formulations, including grain-free, natural, and organic options, catering to discerning pet owners who prioritize high-quality ingredients. This trend towards premium and diverse cat food offerings, reflecting consumer preferences for nutritional excellence, taste variety, and specific health benefits, contributes significantly to market expansion in the GCC.
• Awareness of Nutritional Requirements and Health
Benefits: Growing awareness among pet owners regarding the nutritional requirements and health benefits of specific cat food formulations is a crucial factor driving market growth in the GCC. Pet owners are increasingly informed about the importance of providing well-balanced and nutritionally rich diets to their cats for optimal health and longevity. This awareness has led to a shift in purchasing behavior, with consumers actively seeking cat food products that address dietary concerns such as weight management, hairball control, and overall vitality. The demand for cat food that aligns with the specific nutritional needs of different life stages and health conditions reflects a proactive approach to feline care, contributing to the overall expansion of the cat food market in the GCC.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/gcc-cat-food-market
GCC Cat Food Market Report Segmentation:
By Product Type:
• Dry Food
• Wet and Canned Food
• Snacks and Treats
By product type, dry food represents the largest segment as it is easy to handle and cost-effective compared to other types of cat food products.
By Ingredient Type:
• Animal Derivatives
• Plant Derivatives
• Cereals Derivatives
• Others
By ingredient type, animal derivatives currently dominate the cat food market due to their digestibility for cats and the diverse range of nutrients they provide, including vitamins, amino acids, minerals, and more.
By Distribution Channel:
• Supermarkets and Hypermarkets
• Convenience Stores
• Online Stores
• Others
By distribution channel, supermarkets, and hypermarkets represent the biggest distribution channels across the region due to their extensive reach, offering a one-stop shopping experience for consumers. These retail giants provide a diverse range of products, including cat food, under one roof, making them a convenient and popular choice for pet owners.
Regional Insights:
• UAE
• Saudi Arabia
• Kuwait
• Qatar
• Oman
• Bahrain
By region, the UAE currently holds the largest share of the GCC cat food market due to a rising demand for premium products.
GCC Cat Food Market Trends:
The GCC cat food market is experiencing notable trends that reflect the evolving preferences and demands of pet owners in the region. One prominent trend is the increasing inclination towards premium and specialized cat food products. Pet owners are becoming more discerning about the nutritional content and quality of their feline companions' diets, driving the demand for premium cat food with specific health benefits. Furthermore, there is a growing awareness of the importance of natural and organic ingredients in cat food formulations. Consumers are seeking products that align with a holistic approach to pet care, emphasizing natural ingredients, and avoiding additives or artificial preservatives.
Convenience is another key trend in the GCC cat food market, with a rising demand for convenient packaging formats and ready-to-serve options. Busy lifestyles and a desire for hassle-free pet care contribute to the popularity of cat food products that offer convenience without compromising on nutritional value. Additionally, the influence of e-commerce in the pet food sector is evident, with an increasing number of consumers opting to purchase cat food online. The convenience of doorstep delivery and a wide range of product choices contribute to the burgeoning e-commerce trend in the GCC cat food market.
Read Also:
• https://www.imarcgroup.com/airsoft-guns-market
• https://www.imarcgroup.com/ambulatory-services-market
• https://www.imarcgroup.com/revenue-cycle-management-market
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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