Market revenue in 2023 | USD 1,144.4 million |
Market revenue in 2030 | USD 1,956.9 million |
Growth rate | 8% (CAGR from 2023 to 2030) |
Largest segment | Eatables |
Fastest growing segment | Chewables |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Eatables, Chewables |
Key market players worldwide | Mars Group Holdings Corp, Nestle SA, JM Smucker Co, General Mills Inc, Colgate Palmolive, Nestle Purina Petcare, Spectrum Brands Holdings Inc, Wellness Pet Company, VAFO Group |
Eatables was the largest segment with a revenue share of 63.93% in 2023. Horizon Databook has segmented the Middle East & Africa pet snacks and treats market based on eatables, chewables covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing influence of Western culture and changing consumer perspectives when it comes to pet adoption have gradually worked their way into this regional market, boosting the demand for a variety of pet care products, including pet snacks and treats. Based on an article published by the Global Pet Industry in 2022, the ownership of regional cat and dog breeds has increased over time.
Cat shows for large cat breeds like the Egyptian Mau are organized across Middle Eastern countries, including UAE, Saudi Arabia, Oman, Qatar, Kuwait, and Bahrain. This has had a positive impact on cat adoptions. The article further revealed that dog owners in the region have a higher preference for smaller breeds.
The rising number of initiatives taken by brands to increase awareness about pet adoption and change the perception of consumers toward pet humanization is expected to bode well for market growth. For instance, in May 2021, Nestlé Purina, a leading pet food and treats manufacturer, donated 3 million meals to shelter and pet welfare organizations in various Middle Eastern countries to help increase awareness for pet adoption.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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