The Russia Pet Food Market size was valued at USD 3.53 Billion in 2022 and is expected to surpass USD 5.67 Billion by 2031, expanding at a CAGR of 5.4% during the forecast period, 2023 – 2031. The growth of the market is attributed to the easy availability of pet food on online stores and convenience stores.
Pet food is an animal feed, generally sold in supermarkets and pet stores. The meat used for production of animal food is byproduct of the human food industry and not for the human consumption. The ingredients such as beef and bone meal, meat and bone meal, animal digest, and animal fat are extracted from animal sources. It consists of cereals, meat, meat byproducts, vitamins, grains, and minerals.
The COVID-19 outbreak negatively impacted the Russia pet food market. During lockdown, pet shops were permitted to carry on their operation; however, the revenue reduced owing to customer preference to buy products from online platforms to mitigate the spread of the virus.
Market Trends, Drivers, Restraints, and Opportunities
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Increasing penetration of retail sales is anticipated to drive the market growth.
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Availability of pet food on e-commerce platforms to buy goods without any physical constraints to the consumers is estimated to propel the growth of the market.
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Rising pet ownership in country is expected to spur the growth of the market.
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Stringent regulations associated with pet food can restraint the growth of the market.
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Lower acceptance for a premium or high-priced pet food across some markets can hamper the market growth.
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Pet food manufacturers require high capital investments and also require timely maintenance can create challenges for the market growth.
Scope of Russia Pet Food Market Report
The report on the Russia pet food market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Pet Food Market - Russia Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Animal Types (Cats, Dogs, Birds, and Others), Product Types (Wet Food, Dry Food, Treat/Snacks, and Others), and Distribution Channels (Online Channel, Specialized Pet Shops, Supermarkets/Hypermarkets, and Others)
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Country
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Russia
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Nestle Purina PetCare Company; The J.M. Smucker Company; Mars Inc.; Blue Buffalo Co., Ltd.; and Hill's Pet Nutrition
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Pet Food Market Segment Insights
Dogs segment is anticipated to constitute a key market share
In terms of animal types, the market is categorized as cats, dogs, birds, and others. The dogs segment is expected to constitute a key share of the market during the projected period due to increasing adoption of dog as pet animal and many companies are focusing on offering dog food products. Rising preference for dogs’ ownership in urban cities is spurring the segment growth. Dog require several types of nutrition to lead a healthy life. Therefore, the dog owners are aiming to supply suitable pet food products that contain nutrients.
Dry food segment is expected to grow at a rapid pace
Based on product types, the market is classified as wet food, dry food, treat/snacks, and others. The dry food segment is projected to expand at a considerable CAGR during the forecast period. Dry food is convenient as it takes good oral care for dogs & cats by utilizing marginal tartar collection on the animal’s teeth. Dry food offers chewing and crunch, which is essential for preserving health of animal. This product eliminates requirement of freezing in canned food, driving the growth of the market segment.
Online channel segment to hold a major market share
On the basis of distribution channels, the market is segregated into online channel, specialized pet shops, supermarkets/hypermarkets, and others. The online channel segment is expected to constitute a key share of the market during the projected period. Online retailers offer on-door delivery, provide variety of products with their information, and frequently offer discounts to the consumers. On the other hand, the specialized pet shops segment is anticipated to exhibit a healthy CAGR during the forecast period.
Segments
The Russia pet food segmented on the basis of:
Animal Types
Product Types
- Wet Food
- Dry Food
- Treat/Snacks
- Others
Distribution Channels
- Online Channel
- Specialized Pet Shops
- Supermarkets/Hypermarkets
- Others
Country
Key players
Competitive Landscape
The key players competing in the Russia pet food market are Nestle Purina PetCare Company; The J.M. Smucker Company; Mars Inc.; Blue Buffalo Co., Ltd.; and Hill's Pet Nutrition.
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In September 2020, Nestle Purina PetCare Company expanded its production line with the objective of expanding the supply chain in the country.
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In January 2019, Mars Inc. launched an 11+ year range of pet products for older cats and relaunched its Whiskas pouch to spot healthy ingredients on the design of the pack.
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