DUBLIN--(BUSINESS WIRE)--The "GCC Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity And Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The GCC pet food market reached a value of approximately US$ 121 Million in 2017
Pet food refers to processed plant or animal extracts suitable for consumption by pets. It mainly consists of ingredients such as fish derivatives, animal derivatives, fruit & vegetable derivatives, cereal & cereal by-products, fats & oils, vitamins & minerals, and other additives. It is generally sold in pet stores, supermarkets and hypermarkets.
In recent years, the GCC pet food market is witnessing an increasing demand for quality pet foods on account of a growing trend of pet adoption among the people in the GCC countries.
In GCC countries, the pet food market is primarily driven by a changing outlook of residents towards being more pet-friendly. Due to rapid urbanisation and rising trend of nuclear families, people are widely accepting pets as new members in their modern homes. Additionally, the demand for packaged and branded pet food is rising owing to mounting disposable incomes and changing consumer preferences.
Moreover, people are getting more affectionate about their pets and thus focusing more on the pet's nutrition. This will be a significant factor responsible for the growth of the organic pet food, along with other pet food categories, thereby boosting the overall growth of the GCC pet food market. On the contrary, factors like imposition of stricter regulations on ingredients used in pet foods along with Islamic cultural regulations may restrain the growth of the market.
Looking forward, the market value is projected to reach more than US$ 179 Million by 2023, expanding at a CAGR of 6.8% during 2018-2023.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 GCC Pet Food Market
6 Market Breakup by Pet Type
7 Market Breakup by Product Type
8 Market Breakup by Ingredient
9 Market Breakup by Distribution Channel
10 Market Breakup by Region
11 Competitive Landscape
12 Pet Food Manufacturing Process
13 Project Details and Requirements
For more information about this report visit https://www.researchandmarkets.com/research/cjjzpr/gcc_pet_food?w=4