Press release
GCC Dog Food Market To Grow at a CAGR of 6.37% During 2023-2028 | IMARC Group
The latest report by IMARC Group, titled "GCC Dog Food Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," the GCC dog food market size reached US$ 98.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 143.8 Million by 2028, exhibiting a growth rate (CAGR) of 6.37% during 2023-2028.Get a Sample Copy of the Report at:
https://www.imarcgroup.com/gcc-dog-food-market/requestsample
Factors Affecting the Growth of the GCC Dog Food Industry:
• Rise in Pet Ownership and Humanization: The GCC dog food market is witnessing robust growth driven by a significant surge in pet ownership and the increasing trend of pet humanization. As more households in the Gulf Cooperation Council (GCC) region embrace dogs as integral family members, the demand for high-quality and specialized dog food has experienced a notable uptick. Pet owners are inclined to provide their canine companions with premium and nutritionally balanced dog food, reflecting a cultural shift toward considering pets as family members. This humanization trend contributes substantially to the sustained growth of the GCC dog food market as pet owners prioritize the health, well-being, and satisfaction of their dogs.
• Premiumization and Specialized Formulations: The dog food market in the GCC is characterized by the premiumization and introduction of specialized formulations. Pet owners increasingly seek high-quality and specialized dog food products that cater to specific dietary needs, preferences, and health conditions of their dogs. The market has witnessed the emergence of diverse formulations, including grain-free, natural, and breed-specific options, reflecting the demand for tailored nutrition. This premiumization trend aligns with the evolving preferences of pet owners who prioritize superior ingredients and nutritional excellence, contributing significantly to the expansion of the GCC dog food market.
• Health and Wellness Focus: The focus on health and wellness is a key factor driving the growth of the GCC dog food market. Pet owners are becoming more aware of the importance of providing nutritionally rich and balanced diets to enhance the overall health and longevity of their dogs. There is a growing demand for dog food products that address specific health concerns such as weight management, joint health, and coat condition. The emphasis on preventive care and specialized nutrition to support dogs at different life stages is fostering the adoption of premium dog food options. This heightened awareness of the health benefits derived from quality dog food contributes significantly to the sustained and expanding growth of the GCC dog food market.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/gcc-dog-food-market
GCC Dog Food Market Report Segmentation:
By Product Type:
• Dry Food
• Wet and Canned Food
• Snacks and Treats
By product type, dry dog food represents the most popular product type as it does not require refrigeration, which eliminates the risk of spoilage.
By Ingredient:
• Animal Derivatives
• Plant Derivatives
• Cereal Derivatives
• Others
By ingredient, animal derivates dominate the market as they provide a balance of essential amino acids and nitrogen.
By Distribution Channel:
• Convenience Stores
• Supermarkets and Hypermarkets
• Online Stores
• Others
By distribution channel, convenience stores represent the largest distribution channel due to convenience, variety, and promotional strategies employed by them.
Regional Insights:
• UAE
• Saudi Arabia
• Kuwait
• Oman
• Qatar
• Bahrain
The UAE represents the leading market for dog food due to the country's high pet ownership rates.
GCC Dog Food Market Trends:
The GCC dog food market is undergoing notable shifts in response to changing consumer preferences and lifestyle patterns. A prominent trend is the increasing demand for high-quality and nutritionally rich dog food. Pet owners in the GCC region are showing a growing awareness of the role diet plays in their dogs' well-being, leading to a surge in the popularity of premium and specialized dog food options. Moreover, there is a noticeable inclination toward natural and organic ingredients in dog food formulations. Consumers are seeking products that align with a holistic approach to pet nutrition, emphasizing the use of wholesome and minimally processed ingredients.
Convenience remains a key driver, with a rising demand for convenient packaging and ready-to-serve dog food options. Busy lifestyles in the GCC contribute to the preference for hassle-free yet nutritious choices in dog food. E-commerce is also making a significant impact on the GCC dog food market, with an increasing number of consumers opting for online platforms to purchase dog food, driven by the convenience of home delivery and a broader range of product options. As these trends continue to evolve, they are poised to shape the future landscape of the dog food market in the GCC region.
Read Also:
• https://www.imarcgroup.com/automotive-engineering-services-outsourcing-market
• https://www.imarcgroup.com/automotive-motors-market
• https://www.imarcgroup.com/beverage-packaging-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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