UAE’s pet industry set to grow by a whopping 500% by 2025
Tue 03 Oct 2023Get ready to paws for some exciting news, fellow pet lovers! The UAE’s pet scene is on the rise, and it’s not slowing down. During the pandemic, there was a whopping 30% increase in people welcoming fur-babies into their homes. That’s right, more and more folks are becoming pet parents.
Pet lovers are growing
The latest numbers, revealed by reports tell us that the local pet industry is currently valued at a cool $300 million (Almost AED 1,000 million). But guess what? The pet enthusiasts over here aren’t stopping at that number. Nope, they’ve got their eyes set on a fur-tastic goal: they want to boost the industry’s value to a jaw-dropping $2 billion (AED 7,340 million) by the year 2025. Talk about aiming high!
In a world where pet ownership might be slowing down in some places, our pals in the Gulf are going the extra mile. We’re talking about wanting to have more pets, not less. Right now, there are approximately 1.5 million proud pet parents in the UAE, taking care of over 2 million adorable furry friends, mainly cats and dogs.
UAE government support
This increase in pet ownership isn’t just making our hearts swell with joy; it’s also making the pet care industry boom. And guess who else is interested? The government! Yep, you heard it right. The UAE’s Ministry of Climate Change and Environment even joined the party.
Read also – Nestle to roll out insect-based chow for the pets
Pet food, veterinary gear, and grooming are getting tons of love at events like Pet World Arabia. They’re not just for pet enthusiasts to swoon over; they’re also becoming hot investment opportunities for businesses. In fact, mark your calendars for April 2024, because Pet World Arabia is gearing up to host a comprehensive vet conference, and it’s got government backing. How cool is that?
Pet lovers in Saudi Arabia
But wait, there’s more! The pet industry buzz isn’t just in the UAE; other countries in the region are catching on too. Over in Saudi Arabia, the government is getting behind companies looking to set up pet food manufacturing. It’s safe to say that the pet industry is thriving, and it’s getting bigger and better every day. So, get ready to see more tail wags and kitty cuddles in the coming years!
-Agencies
UAE’s pet industry set to grow by a whopping 500% by 2025 they explained UAE’s pet industry set to grow by a whopping 500% by 2025.