Pet Food - Malawi

Malawi

Revenue in the Pet Food market amounts to €21.92m in 2024. The market is expected to grow annually by 6.29% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (€54,820m in 2024).
In relation to total population figures, per person revenues of €1.02 are generated in 2024.
In the Pet Food market, volume is expected to amount to 15.08m kg by 2029. The Pet Food market is expected to show a volume growth of 1.4% in 2025.
The average volume per person in the Pet Food market is expected to amount to 0.7kg in 2024.

Key regions: Russia, Spain, Philippines, United Kingdom, India

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Pet Food Market in The Food market of Malawi is experiencing minimal growth due to factors such as low disposable income and limited availability of pet food products. However, the market is expected to see some growth in the near future as pet ownership continues to rise in the region.

Customer preferences: The Pet Food Market within The Food market has seen a rise in demand for organic and natural pet food products, reflecting a growing trend towards healthier and more sustainable pet diets. This trend is influenced by a cultural emphasis on holistic health and wellness, as well as an increasing awareness of the environmental impact of pet food production. Additionally, with a rise in pet ownership among younger demographics, there is a growing preference for human-grade pet food options that align with their own dietary choices.

Trends in the market: In Malawi, the pet food market is experiencing a rise in demand for natural and organic pet food products. This trend is driven by a growing concern for pet health and wellness, as well as a shift towards sustainable and eco-friendly products. Additionally, there is a growing trend of pet owners seeking out locally sourced ingredients and supporting small businesses. These trends are expected to continue, with the potential to create opportunities for local farmers and manufacturers to enter the market and for larger companies to expand their product offerings.

Local special circumstances: In Malawi, the Pet Food Market is influenced by the country's high dependence on agriculture and its limited access to imported goods. The market is primarily driven by local producers, with a focus on using locally sourced ingredients. Additionally, cultural preferences and religious beliefs play a significant role in the demand for specific types of pet food, such as vegetarian or halal options. The regulatory environment also plays a crucial role in market dynamics, with strict guidelines on ingredients and labeling.

Underlying macroeconomic factors: The Pet Food Market within The Food market in Malawi is greatly impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. The country's economic growth and stability play a crucial role in determining the market performance. While a stable economy and favorable fiscal policies can promote growth and investment, economic instability and unfavorable policies can hinder market growth. Additionally, factors such as increasing disposable income, changing consumer preferences towards premium and organic pet food, and growing pet ownership in the country are also influencing the market positively. However, challenges such as fluctuating exchange rates, high import tariffs, and limited access to credit can pose barriers to market growth in Malawi.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.