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6 billion US dollars! The pet food market in the Middle East and Africa continues to grow

2024-04-22

The pet food industry in the Middle East and Africa (MEA) is expected to grow by over $6 billion in 2028, as the industry has shown significant demand in recent developments

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In recent years, with the improvement of people's living standards and the enhancement of pet awareness, more and more people choose to keep pets to accompany themselves. After the epidemic, the number of pet adoption and ownership has surged, continuing to grow at a double-digit rate. At the same time, people's concept of pet ownership has changed, and the role of pets in modern life has undergone other transformations. Most people regard pets as a member of the family and treat them more humanely. This role transition gives pet owners a sense of responsibility and obligation, while pets provide joy and comfort to pet owners in their daily lives.

According to research firm Market Data Forecast (MDF), by 2028, the pet food market in the Middle East and Africa alone will reach $6.4 billion, with a compound annual growth rate of 4.32%. Meanwhile, the growth in the Middle East and Africa is consistent with global data provided by Bloomberg Intelligence (BI), which predicts that the pet industry will expand from $320 billion to $500 billion by 2030. The United States will still be the largest pet market, with sales reaching $200 billion.

It is estimated that the pet industry market in the United Arab Emirates alone is as high as 300 billion US dollars. The pet industry includes everything from pet food to beauty, daycare, fitness centers and training to veterinary services. The increasing diversity in the pet industry and the growing number of pet influencers have contributed to shaping the regional industry, with many platforms receiving keen attention from pet owners


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