UAE’s pet industry forecasts 500% growth by 2025
With a 30% increase in pet ownership during the pandemic, local players are optimistic.
The latest figures released during the celebration of Pet World Arabia show that the local pet industry is currently worth $300 million (€271.5M).
Far from staying there, local players aim to take the industry to a value of $2 billion (€1.8B) by 2025.
In a global world where pet ownership seems to be declining, the Gulf country wants to increase the number of pets. It is believed that nowadays, there are 1.5 million pet owners with over 2 million pets, mainly cats and dogs.
This increase in pet ownership, especially among young singles and seniors, has fueled the pet care industry in the country.
Government interest
“COVID has effectively taken the pets and pet industry market mainstream,” said Rajesh Nair, Exhibition Manager at Pet World Arabia. This year it gathered support and participation from the UAE’s Ministry of Climate Change and Environment.
According to Nair, pet food, veterinary equipment, and grooming received significant traction in this year’s event. Pet World Arabia also provided a platform for businesses to explore potential investment opportunities.
GlobalPETS learned that Pet World Arabia is set to host a comprehensive vet conference in April 2024, backed by the government.
The pet industry is garnering interest from other governments in the region. In Saudi Arabia, the government is supporting companies to set up pet food manufacturing companies.
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