Exhibition time: October 28 - October 30, 2024
Venue: Riyadh International Convention and Exhibition Center
Periodicity: Once a year
Saudi Pet & Vet Expo, the first and only pet exhibition in the Kingdom of Saudi Arabia, provides a platform for networking and business transactions for the pet industry. The exhibition helps to study the investment prospects of the pet industry in Saudi Arabia, explore the investment prospects of the pet industry outside of Saudi Arabia, learn about the pet medicine market, network with new suppliers, and learn about the pet supplies market.
In addition to the mature pet markets in the US and Europe, the Middle East is also a blue ocean, with Redseer Consulting's data showing that the region's pet industry is growing at a rapid 13% CAGR, reaching $800 million (€718 million) by 2022. This is much faster than the retail sector's growth rate over the past two years (5%-7%), demonstrating strong market potential.
The size of the Saudi pet market has shown a growing trend, with the Saudi pet care market valued at USD 807.69 million in 2016, growing by 5.33% to a value of USD 1,047.26 million by 2021. The market is expected to grow at an expected growth rate of 7.68% to reach a value of $1,613.3 million between 2022 and 2027.
Pet food accounted for the largest market share of 62.66% valued at $656.23 million and will further grow at a rate of 8.09%. Dog food accounted for the highest share of revenue at 42.57%, followed by cat food at 37.77%. Dry food is the most commonly purchased type of food by pet owners with a revenue value of $347.7 million and will grow at a rate of 6.25%. Other food products such as chews and snacks are expected to be in short supply with a growth rate of 12.47%.
The pet grooming market is expected to be the fastest growing market in the future with a growth rate of 8.22% and a value of $155.37 million. The growth of the pet market is attributed to increased awareness about pet care.
The growth of the pet industry in Saudi Arabia is attributed to the increased awareness about pet welfare and increased expenditure on pet products in the Saudi society. Saudi Arabia sources pet-related products from different countries including the US, Spain, Germany, and Italy, and others such as Thailand, France, and Turkey, showing the openness and diversity of its market.
The overall growth of the pet industry in the Middle East is predicted to remain in double digits over the next decade, with Saudi Arabia, for example, experiencing an increase in demand for services ranging from pet food to grooming, pet daycare, pet gyms, boarding, training, and pet-friendly accommodations in the country. Currently, the Saudi pet industry has a market capitalization of more than $150 million. And industry players in the country aim to increase the size of the sector to $1.5 billion.
Scope of Exhibits
Pet food: pet staple food, pet snacks, pet nutrition, etc;
Live pets: ornamental fish, various kinds of crawling and amphibious pets;
Pet grooming and toiletries: pet body wash, grooming tools/equipment, SPA bathtubs, etc;
Pet clothing, nesting pads and toys: pet clothing, pet nesting pads, collars/leashes, pet accessories, pet toys, training supplies and so on;
Pet travel/daily necessities: collars/leashes, pet backpacks, pet pots/bowls, cat litter, cat litter boxes, cages, fish tanks, aquarium facilities, decorations, aeration equipment, filter materials, sink sand, pumps, heating rods, testing equipment, water plants, fish feed, aquascaping, water spraying equipment, pet carts, and pet intelligent products;
Pet medical and health care products: pet medical equipment, pet medicines, pet vaccines/biological reagents, deworming medicines, etc;
Others: packaging materials, packaging and decorations, pet-related gifts, pet magazines and related reading materials, etc.
Good