The Middle East and Africa Pet Food Nutraceuticals Market was worth 0.65 USD billion in 2021 and estimated to be growing at a CAGR of 3.48%, to reach USD 0. 71 billion by 2026.
The health-conscious user perceives nutrition-enabled foods as a substitute for healthcare expenses, thereby driving the growth of the nutraceutical market.
The pet food nutraceuticals market is characterized as dietary supplements, functional or medicinal food products that supply a source of a standard vital nutrient, like calcium or vitamin A. They are meant to function as supplements and guarantee the nutritional wholeness of the pet diet.
The growth of the Middle East and Africa Pet Food Nutraceuticals market is majorly driven by factors such as an increasing number of people adopting pets, user attitudinal transformation towards pets with curiosity on their nutrition and health, and rapid urbanization. However, factors such as different regulatory bodies and the lack of raw materials are restraining the growth of the market in this region. Another major challenge for the market is the lack of recognition of pet food in under-developed countries due to low incomes.
The Middle East and Africa Pet Food Nutraceuticals market is segmented based on
The market for Pet Food Nutraceuticals, on the basis of Ingredient Type, is classified into Omega 3 fatty acids, Proteins and Peptides, Milk Bio actives, Probiotics, Dietary Fibre, and others. Among these, Omega 3 fatty acids lead the Pet Food Nutraceuticals market, followed by Probiotics. This demand is largely driven by age-associated diseases in pets like joints deterioration and cognitive dysfunction. On the basis of Function type, the Pet Food Nutraceuticals market is segmented into Nutrition/Therapeutic and Supplements. On the basis of Pet Type, the Pet Food Nutraceuticals market is segmented into Cats, Fish, Dogs, Bird, and others. Under this segment, dogs and cats lead the market accounting for a combined share of 75% of the market. On the basis of Application Type, the Pet Food Nutraceuticals market is segmented into Weight Management, Immune system, Food Allergies, Pain Relief, Digestive health, Skin and Coat, Eyecare, and others. Under this segment, the Immune system leads the market, followed by Food Allergies and Pain Relief.
Geographical Analysis:
The market has been geographically segmented into the Middle East and Africa. The pet food nutraceutical market in this region is dominated by South Africa, followed by the Northern African countries and Namibia. Other major markets in Africa, which seem to have great prospects for the market, consist of Namibia, Morocco, and Egypt among others. Morocco with its growing number of pet shops and impact of western culture is a key market driving the growth of Pet Food Nutraceuticals in this region.
Key Players:
The major players in this market are focusing in the areas of Digestive health, weight management and beauty (Skin and Coat). The major companies dominating the Pet Food Nutraceuticals market in this region are Diana group, BASF SE, Chr. Hansen A/S, Kemin Industries Inc., Nutraceutical International LLC, and Royal DSM N.V.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Ingredient Type
5.1.1 Omega 3 fatty acids
5.1.2 Proteins and Peptides
5.1.3 Milk Bio actives
5.1.4 Probiotics
5.1.5 Dietary Fibre
5.1.6 Others
5.2 By Function type
5.2.1 Nutrition/Therapeutic
5.2.2 Supplements
5.3 By Pet Type
5.3.1 Cats
5.3.2 Fish
5.3.3 Dogs
5.3.4 Bird
5.3.5 Others
5.4 By Application Type
5.4.1 Weight Management
5.4.2 Immune system
5.4.3 Food Allergies
5.4.4 Pain Relief
5.4.5 Digestive health
5.4.6 Skin and Coat
5.4.7 Eye care
5.4.8 Others
6. Geographical Analysis
6.1 Introduction
6.2 Middle-East
6.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Diana group
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 BASF SE
8.3 Chr. Hansen A/S
8.4 Kemin Industries Inc.
8.5 Nutraceutical International LLC
8.6 Royal DSM N.V
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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