New Market Report: Pet Products in Saudi Arabia
New Consumer Goods research report from Euromonitor International is now available from Fast Market Research
[UKPRwire, Tue Dec 02 2014] Pet products is set for robust growth in 2014 owing to increased demand as exposure to the Western world through various media is improving pet owners’ knowledge about pet care. Moreover, the growth in pet shops is helping sales as these outlets stock a wider variety of pet products, ranging from economy-priced goods to expensive, high quality products, thus catering for the needs of all types of pet owners. The rise in number of veterinary clinics is also contributing to the growth of pet products as in this channel pet owners are given specialist advice on such products as vitamins and dietary supplements as well as flea/tick treatments.
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The pet products competitive landscape is expected to remain unchanged in 2014, with Mars Inc maintaining its lead, albeit in a very fragmented category. Mars will see its share grow further as cat food is expected to put in an improved performance, thereby also benefiting cat litter and the company’s leading Thomas brand. A growing focus on pet healthcare and grooming may help other companies to increase their shares but the category will generally remain fragmented as pet shops introduce different brands from various companies.
Pet ownership, especially that of cats, is expected to witness significant growth over the forecast period. This will eventually lead to a rise in demand for pet products, especially cat litter, pet healthcare and dietary supplements. As Saudi society continues to embrace Western ways of life, locals are likely to learn more about pet care regimens. This will encourage pet product manufacturers as well as pet shops to introduce new products, thus leading to the dynamic growth of pet products in the country.
Discover the latest market trends and uncover sources of future market growth for the Pet Products industry in Saudi Arabia with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Pet Products industry in Saudi Arabia, our research will save you time and money while empowering you to make informed, profitable decisions.
The Pet Products in Saudi Arabia market research report includes:
* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country
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