
Published On: Jan 2022
Published On: Jan 2022
According to a new market research study on “Middle East and Africa therapeutic dog food market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Product Type, Application and Country,” is expected to reach US$ 360.16 million by 2028 from US$ 266.70 million in 2021. The market is estimated to grow at a CAGR of 4.4% from 2021 to 2028. The report provides trends prevailing in the Middle East and Africa therapeutic dog food market along with the drivers and restraints pertaining to the market growth. Surge in the adoption of dogs for companionship, growing prevalence of chronic diseases among dogs and heightening launch of novel therapeutic dog food products are major factors driving the growth of the Middle East and Africa therapeutic dog food market. However, decreasing sales in developing countries may hinder the growth of Middle East and Africa therapeutic dog food market.
Countries, such as the UAE and Saudi Arabia, have registered a significant number of COVID-19 patients across Middle East and Africa. The COVID-19 pandemic has become the most significant challenge in the region. Reduced imports due to disruptions in Middle East and Africa trade increased the shortages of medical supplies and other goods, resulting in a considerable price increase. The therapeutic dog food market in the pandemic is showing decline in growth due to closed supermarkets/hypermarkets where therapeutic dog food is sold. Thus, the COVID-19 pandemic has a negative impact on the therapeutic dog food market.
The market for Middle East and Africa therapeutic dog food is segmented into product type, application and country. Based on product type, the market is segmented into dry food, wet/canned food, snacks/treats, and others. In 2021, the dry food segment held the largest share in Middle East and Africa therapeutic dog food market. Based on application, the Middle East and Africa therapeutic dog food market is divided into weight management, digestive care, allergy and immune system health, and others. The digestive care segment is expected to be the fastest growing segment over the forecast period. Based on country, the Middle East and Africa therapeutic dog food market is segmented into Saudi Arabia, South Africa, UAE and rest of Middle East and Africa. In 2021, Saudi Arabia held the largest share in Middle East and Africa therapeutic dog food market. Furthermore, in this present scenario of COVID 19 pandemic, the Middle East and Africa therapeutic dog food market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Middle East and Africa countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for therapeutic dog food.
Mars Incorporated; Nestlé.; Hill's Pet Nutrition, Inc; Blue Buffalo Co., Ltd. (General Mills, Inc.); Affinity Petcare S.A.; and WellPet are some of the leading companies in the Middle East and Africa therapeutic dog food market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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