Market Introduction
Middle East and Africa includes countries such as South Africa, Saudi Arabia, the UAE, and the rest of the Middle East and Africa. The Gulf countries are economically developed countries, whereas the African countries are yet to match up to the economic conditions of the Gulf countries and lag far behind. The trend of humanization of pets has led to an increase demand for vegan pet food. The humanization of pet’s trend has led the consumer’s demand for nutritious pet food which is beneficial for the health of the pets. Thus, this will drive the growth of the vegan pet food in the Middle East and Africa region. Middle East and Africa has a hot climate so thus, there are certain pet foods that may cause allergies as well as intolerance. This is creating and increasing the demand for plant-based, and vegan pet food products in the region.
South Africa stated the highest number of COVID-19 cases in the Middle East & Africa. The UAE was the first country to report a confirmed case of COVID-19 case in Middle East & African countries. Due to the lockdowns in the Middle East & African region because of COVID-19 the market is being disrupted. The slowdown of raw material production, supply chain instability, postponing of trade shows and conferences on dog & cat health, hampered trade movements, and other reasons. The outbreak has distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, creating revenue loss and damage. The disturbed value chain during the initial days of the pandemic has had a negative impact on raw material supply thus, these factors have negatively impact the Middle East & Africa pet food and vegan pet food industry.
Market Overview and Dynamics
The vegan pet food market in Middle East & Africa is projected to reach to US$ 33.65 million by 2028 from US$ 19.54 million in 2021. The market is estimated to grow at a CAGR of 8.1% from 2021 to 2028. Over the last decades, pets have become a status symbol of families across the MEA than just being a mere distraction. Pet population is surging along with the rising human population in this region. Dogs and cats are the most common pets. MEA countries have also been witnessing a significant growth in the population of dogs and cats. The increasing population of pets, especially of dogs and cats, is creating a demand for more pet food. Also, pet owners across region tend to prefer pet food products that are prepared by using plant-based ingredients along with the growing trend of veganism. People across MEA region are becoming more concerned toward the nutritional profile offered by vegan products and the benefits of vegan protein or plant protein. Hence, along with growing veganism among people, pet owners are also opting for vegan diet for their pets. All these factors fuel the growth of the Middle East & Africa vegan pet food market.
Key Market Segments
Middle East & Africa vegan pet food market is segmented based on product type, pet type, and distribution channel. The Middle East & Africa vegan pet food market based on product type is segmented into dry food, wet food, and others. Dry food segment accounted for the highest share in the market in 2020 is expected to be fastest growing during forecast period. Based on pet type, is segmented into dogs and cats. The dogs segment accounted for the highest share in 2020 and is expected to be the fastest growing during forecast period. Based on distribution channel, is segmented into supermarkets and hypermarkets, specialty stores, online retail and others. The supermarkets and hypermarkets segment accounted for the highest share in 2020 and online retail segment is expected to be the fastest growing during forecast period.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on vegan pet food market in Middle East & Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Antos B.V.; V-dog; Yarrah; Halo Pets; and George Tsappis Isorropimene Zootrophe Ltd. among others.
Reasons to buy report
Middle East & Africa Vegan Pet Food Market Segmentation
Middle East & Africa Vegan Pet Food Market – By Product
Middle East & Africa Vegan Pet Food Market – By Pet
Middle East & Africa Vegan Pet Food Market – By Distribution Channel
Middle East & Africa Vegan Pet Food Market – By Country
Middle East & Africa Vegan Pet Food Market – Companies Mentioned