Saudi Arabia Cat Food Market Size, Demand, Trends and Forecast By 2027

According to the latest report by IMARC Group, titled “Saudi Arabia Cat Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Saudi Arabia cat food market reached a value of US$ 31.8 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of around US$ 50.9 Million by 2027.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Cat food refers to commercially prepared food, made of animal- or plant-based materials, intended for the consumption of domesticated cats. It acts as an excellent source of proteins, fats, carbohydrates, and several other nutrients, such as minerals, vitamins, and amino acids. Cat food primarily includes poultry, meat, fish meal, milk products, fiber sources, grain, etc. Since cats are considered sacred, cheaper, and cleaner to buy and maintain, they are one of the most preferred pets in Saudi Arabia. As a result, the cat food market in the country has experienced sustained growth over the years.

The growing awareness among pet owners about the benefits offered by cat food providing essential nutrients, enhancing immune system, combating skin allergies, promoting healthy skin and a shiny coat, etc., is augmenting the market growth. Additionally, the rising popularity of customized treats and diet plans for cats is also propelling the market growth in Saudi Arabia. Moreover, the increasing shift towards premium cat food products with better nutritional value is further bolstering the market growth. Besides this, the expanding organized retail sector has enabled consumers to choose between different cat food products and brands in one place, which is expected to foster the market growth in the coming years.

Saudi Arabia Cat Food Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the Saudi Arabia cat food market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has segmented the Saudi Arabia cat food market on the basis of product type, ingredient type and distribution channel.

Breakup by Product Type:

• Dry Food

• Wet & Canned Food

• Snacks & Treats

Breakup by Ingredient Type:

• Animal Derivatives

• Plant Derivatives

• Cereal Derivatives

• Others

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets

• Convenience Stores

• Online Stores

• Others

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Key highlights of the report:

• Market Performance (2016-2021) 

• Market Outlook (2022-2027)

• Industry Trends

• Market Drivers and Success Factors

• The Impact of COVID-19 on the Global Market

• Value Chain Analysis

• Structure of the Global Market

• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Why are Buses Sales Booming in United State?

The U.S. bus market will reach $11,237.7 million by 2030 at a CAGR of 4.7% during the forecast period, from $7,453.4 million in 2021. This is owing to the rapid urbanization and rising government spending on the advancement of public transport vehicles. Compared to traveling by personal vehicles, they conserve fuel and release lower levels of volatile chemicals into the air. Apart from this, they also meet economical standards, as the cost of traveling by public transport is a lot less than that of a single gallon of gasoline and diesel.

The electric category in the U.S. bus market will have the fastest growth within the propulsion segment, at a CAGR of approximately 30%, in the coming years. This can be ascribed to the subsidies, financial incentives, and tax credits offered by the federal and state governments on the sale of electric buses. Since these are high-occupancy vehicles, they certify for exemptions from toll charges in various states, such as Colorado, Georgia, California, Hawaii, and Arizona.

The schools bus category dominated the U.S. bus market, with approximately 55% share, in 2021. The same trend will be resumed in the vehicle type segment in the forecast period owing to the status of these buses as the largest sources of mass transportation in the nation. Standard buses are used extensively in schools as well as public transportation. It will maintain the dominance in the market at a higher growth rate owing to the negligible demand for customizable buses in schools.

To obtain a competitive advantage, major companies in the U.S. bus market have participated in partnerships, collaborations, and product launches in recent years. These companies are NFI Group Inc., AB Volvo, Blue Bird Corporation, BYD Company Limited, GreenPower Motor Company Inc., Lion Electric Company, Daimler Truck AG, GILLIG LLC, Navistar International Corporation, and REV Group Inc. For instance, the BZL Electric bus chassis was launched by AB Volvo in the country in September 2021. These buses are designed to help governments transition their public transportation fleets to non-emission variants.

Hence, the rapid urbanization and rising government spending on the advancement of public transport vehicles will offer lucrative opportunities in the market.

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Virtual Fitting Room Market Set to Flourish in Future

With the rapid rise in the popularity of e-commerce, the demand for virtual fitting rooms is growing rapidly across the world. As per the findings of the trade and development body of the United Nations, the United Nations Conference on Trade and Development (UNCTAD), a revenue of $25.6 trillion was generated by total online sales across the world in 2018. Moreover, the revenue generated by online sales grew by nearly 8% from 2017 to 2018.

Furthermore, as per the UNCTAD, the total revenue generated from e-commerce sales in 2018, including the business-to-business (B2B) and the business-to-customer (B2C) sales, was nearly 30% of the global gross domestic product (GDP) of that year. Additionally, according to the findings of the UNCTAD, in 2018, as many as 1.45 billion customers, which was approximately one-quarter of the global population in the age group— 15 years and older, purchased services/products online. 

Virtual Fitting Room Market Report 2022-2030

Besides the aforementioned factor, the increasing usage of mobile phones in various countries is also propelling the demand for virtual fitting rooms. As per the GSM Association, there were nearly 5.2 billion unique mobile phone subscribers across the world by the end of 2019. This number accounted for around 67% of the worldwide population and is predicted to grow to 5.8 billion by 2025. Most of these subscribers will be from Pakistan, China, Nigeria, and India. 

Because of the above-mentioned reasons, the popularity of virtual fitting rooms is rising rapidly throughout the world. This is driving the advancement of the global virtual fitting room market. The market value is predicted to grow from $3,128.6 million in 2019 to $19,250.4 million by 2030. Furthermore, the market is predicted to advance at a CAGR of 18.5% from 2020 to 2030. Depending on application, the market is classified into beauty and cosmetics, footwear, apparel, jewelry and watches, and eyewear.

Hence, it is safe to say that the demand for virtual fitting rooms will shoot-up all over the world in the upcoming years, primarily because of the rising digitization in retail operations and the increasing popularity of e-commerce, on account of the surging penetration of the internet and the growing usage of smartphones.

Automotive HMI Popularity Set to Boom in India in Future

The burgeoning requirement for in-vehicle connectivity is fueling the demand for automotive human-machine-interface (HMI) solutions in India. Nowadays, people want to stay connected with the outer world, even while traveling. Moreover, automobiles are increasingly becoming more connected with the outer world via cloud services. Due to the changing customer preferences, automotive manufacturing companies are launching partnerships with consumer electronic or information technology (IT) vendors in order to integrate in-vehicle connectivity features in their offerings.

For instance, AirWire Technologies, which is a U.S. based company, received a contract from Reliance Jio Infocom Ltd., which is a telecom operator in India, for manufacturing connected car devices. Additionally, Reliance Jio Infocom Ltd. is currently in talks with leading automobile manufacturers— Hyundai Motor India and Maruti Suzuki India Ltd.— for installing connected car devices in their passenger vehicles. The incorporation of these devices in passenger vehicles will allow passengers to access services such as entertainment, telematics, location-based apps, and WiFi hotspot. 

Increasing installation of these features is driving the demand for HMIs, as these devices are required for displaying the information and enabling smoother interaction of users with in-vehicle connectivity systems. These factors are fueling the expansion of the Indian automotive HMI market. Additionally, the soaring sales of vehicles in the country, on account of the booming population and increasing urbanization rate, are also driving the growth of the Indian automotive HMI market. According to the India Brand Equity Foundation (IBEF), the sales of automobiles grew in the country at a CAGR of 1.29% from FY16 to FY20 and reached 21.55 million units in FY20.

Hence, it can be said without any hesitation that the demand for automotive HMI systems will surge in India in the coming years, mainly because of the rising requirement for in-vehicle connectivity features and the soaring sales of premium cars in the country.

Self-Checkout Systems Market Key Reasons For the Present

The rising adoption of contactless payment procedures is one to the key factors fuelling the surge in the demand for self-checkout systems across the world. Contactless payment processes are increasingly being conducted with the help of smartphone-enable payment options and near-filed communication (NFC) technology. This concept allows the shoppers to use their smartphones for scanning the items that they want to buy at a service point-of-sale (POS) terminal. These systems allow the customers to make payments without being in direct contact with the payment machine, which in turn, drastically reduces the time taken for payment.  

The other major factor pushing the demand for self-checkout systems is the lower labor requirement of these machines for their operation. Many companies are increasingly adopting self-checkout systems in their stores on account of the fact that these systems reduce the labor costs. Moreover, multiple self-checkout systems can be easily operated by one person and this allows the stores to deploy their staff  to the sales floor and assist customers with their shopping, thereby enhancing the overall customer experience. 

Due to the above-mentioned factors, the revenue generated from the worldwide sales of self-checkout systems is predicted to increase from $2,522.1 million in 2017 to $4,642.7 million by 2023. The global self-checkout system market is expected to progress at a CAGR of 10.7% during the forecast period (2018–2023). There are two types of self-checkout systems — wall-mounted and countertop systems and standalone variants. Of these, the wall-mounted and countertop self-checkout systems are expected to record faster growth in usage during the forecast period, owing to the lesser space requirements of these systems. 

Across the world, the Asia-Pacific (APAC) region registered the fastest growth in the utilization of self-checkout systems over the last few years and this trend is predicted to continue during the forecast period as well. This is mainly attributed to the fact that in the various APAC countries such as India, Japan, and China, the store owners are increasingly incorporating the use of advanced technologies such as self-checkout systems in order to reduce labor requirement and enable faster human-free checkouts.

Therefore, it is certain that the demand for self-checkout systems will boom in the coming years, due to the growing adoption of automated technologies in store operations and the rising popularity of contactless payment processes.

Demand for Two-Wheeler Hub Motor Booming Globally

In 2019, there are more than 350 million electric two- and three-wheelers in operation around the world, according to the Global EV Outlook 2020 report of the International Energy Agency (IEA). Electric scooters and motorcycles are fast becoming the preferred alternative to those with an internal combustion engine (ICE) and even cars (for shorter journeys). Since electric vehicles (EV), especially battery electric vehicles (BEV), don’t contain an ICE, they release no operational emissions, which is why they are key to solving the air pollution and other associated problems, such as climate change and global warming.

This is why P&S Intelligence expects the two-wheeler hub motor market value to grow from $4,838.5 million in 2018 to $8,458.7 million by 2024, at a 9.8% CAGR between 2019 and 2024. This is because the motor is the most-essential component of any EV, along with the battery. In electric two-wheelers, the hub motor is integrated directly on the wheel axle, which negates the requirement for a gear system and chain drive. This not only means a simpler transmission assembly, but also higher efficiency, as the power loss that happens between the gear system and the chain is eliminated.

Thus, with the government support aimed at making EVs affordable for the masses, the demand for two-wheeler hub motors will increase. Presently, DC motors are integrated into two-wheelers in higher numbers than AC motors because the former are more efficient and easier to maintain. Additionally, DC motors allow for quick starting and stopping and better speed variation and produce a higher starting torque. Moreover, DC motors offer higher speeds, which is a key factor that encourages people to purchase electric two-wheelers.

Asia-Pacific (APAC) has been the most-productive two-wheeler hub motor market till now, as China is the largest producer of automobiles and their components in the world. Moreover, as per the IEA, of the 350 million electric two- and three-wheelers running on the world’s roads in 2019, 25% were in China alone! This is because China is notorious for its air pollution and smog, which have forced the People’s Government to take initiatives to reduce the amount of GHG emissions from vehicles.

Hence, as the sale of electric two-wheelers increases, so will that of hub motors.

How is Increasing Consciousness Regarding Physical Appearance Driving Razor Market?

One of the major factors fuelling the surge in the demand for razors is the increasing focus on personal grooming across the world. Due to the rising influence of Western Culture, men in several countries around the world are increasingly becoming aware about their grooming and appearance, especially their beard and hairstyles. As a result, the footfall in the male-special spas and salons is rapidly increasing. According to The Proctor & Gamble Company, 39% and 43% of the men in the age groups of 25–34 and 18–24, respectively, prefer to have a clean shaven appearance.

The other important factor pushing the demand for razors is the surging disposable income of the people throughout the world. In several countries, especially the developing nations around the world, the per capita income of the people has grown significantly over the last few years, owing to the sharp growth in the economy of these countries. This has increased the spending of people on personal grooming products such as razors, in many countries across the world. 

Driven by the above-mentioned factors, the revenue generated from the worldwide sales of razors is expected to increase from $18.0 billion to $22.5 billion from 2019 to 2030. The global razor market is predicted to progress at a CAGR of 2.1% during the forecast period (2020–2030). There are various types of razors available throughout the world — disposable razors, safety razors, straight razors, cartridge razors, and electric razors. Amongst these, the cartridge razors are expected to record the highest sales in the coming years, owing to the easily replaceable quality of the blades used in these products.

Globally, the Asia-Pacific (APAC) region is expected to observe the fastest growth in the usage of razor in the immediate future. This is mainly attributed to the fact that the APAC region is the most densely population region in the world and many countries in the region are observing rapid urbanization. In addition to this, the expenditure on personal care products is increasing rapidly in this region, which is in turn, boosting the sales of razors in the region. 

Hence, it can be concluded that due to the rising preference of men toward personal grooming and the increasing disposable income of the people in several countries, the demand for razors will skyrocket throughout the world in the coming years.