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Asia-Pacific Pet Food Market Research Report – Segmented By Ingredient, Animal Type and Country (India, China, Japan, South Korea and Australia, South Africa, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of Asia – Pacific) - Industry Analysis on Size, Share, Trends, COVID-19 Impact And Growth Forecast From (2023 to 2028)

Published: March, 2023
ID: 385
Pages: 145
Formats: report pdf report excel report power bi report ppt

Asia-Pacific Pet Food Market (2023 to 2028)

The Asia-Pacific Pet food market is expected to be valued at USD 21.04 billion in 2023 and is projected to reach USD 25.20 billion by 2028, growing at a CAGR of 7.42% during the forecast period from 2023 to 2028.

Pet foods are more digestible and enable the pet to absorb more nutrients and the pet will require less food per feeding.  Because of their quality nutrients, premium pet foods help keep the pet’s skin and coat healthy and may help avoid issues including food allergies, sensitive stomach, obesity, and hip and joint stiffness. Specially formulated premium pet foods can also help with conditions such as hairballs, urinary tract issues, and oral disease.

Awareness of the benefits of high-quality pet food, the increase in the pet population, and concern for the health of pets due to the rise in the trend of pet humanization and the increase in palatability of pet food are the factors that have resulted in the growth of pet food ingredients market in the Asia-Pacific region.

However strict regulation of the government on the costs of raw materials and feed products can hinder the market growth.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 to 2028

Base Year

2022

Forecast Period

2023 to 2028

CAGR

7.42%

Segments Covered

By Animal type, Ingredients and Region

Various Analyses Covered

Global, Regional, and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

China, India, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore, Rest of APAC

Market Leaders Profiled

Mars, Inc., Del Monte Foods, Hills Pet Nutrition, INC, Unicharm Corporation, Nippon Formula Feed Manufacturing Company LTD, Pet Center, Incorporated (PCI), Nestle Purina PetCare, Nisshin Saifun Group INC. Natural Dog Food Company, Halo, Purely for Pets, Marukan CO. LTD., Nutrena, and Spectrum Brands, INC.

 

This research report on the Asia-Pacific liquid feed market is segmented and sub-segmented into the following categories:

Asia-Pacific Pet Food Market - By Ingredients:

  • Animal Derivatives
  • Fish derivatives
  • Fruits & Vegetables
  • Cereals & Cereal by-products
  • Fats & Oils
  • Vitamins & Minerals, Additives

Asia-Pacific Pet food Market - By Animal type:

  • Dog
  • Cat
  • Bird
  • Other animals

Asia-Pacific Pet Food Market – By Country:

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

Japan has the largest market share within the region. In India, dogs are more popular pets than other animals like cats, birds, fish, etc. This creates a significant opportunity for pet food companies to come up with a wide range of food products for dogs.

KEY MARKET PLAYERS:

The Asia-Pacific pet food industry is highly concentrated with ten major players together accounting for more than 50% of the market share and the remaining market share is distributed among a large number of small manufacturers. Mars, Inc., Del Monte Foods, Hills Pet Nutrition, INC, Unicharm Corporation, Nippon Formula Feed Manufacturing Company LTD, Pet Center, Incorporated (PCI), Nestle Purina PetCare, Nisshin Saifun Group INC. Natural Dog Food Company, Halo, Purely for Pets, Marukan CO. LTD., Nutrena, and Spectrum Brands, INC. are the major companies in the market.

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FAQ's

What is the current size of the Pet Food Market in Asia-Pacific?

As of the latest market report, the Pet Food Market in Asia-Pacific is estimated to be valued at USD 21.04 billion in 2023.

What are the growth prospects for the Pet Food Market in Asia-Pacific over the next five years?

Industry projections estimate a compound annual growth rate (CAGR) of 7.42% for the Pet Food Market in Asia-Pacific, indicating sustained growth and market expansion.

How does the Pet Food Market in Japan address aging the pet population with specialized senior formulations?

The Pet Food Market in Japan caters to the aging pet population by offering specialized senior formulations and addressing age-related health concerns and nutritional needs.

which segment has the largest market share of the Asia Pacific pet food market?

In the pet food market, Japan has the largest market share within the region.

who are the leading players in Asia Pacific pet food market?

Mars, Inc., Del Monte Foods, Hills Pet Nutrition, INC, Unicharm Corporation, Nippon Formula Feed Manufacturing Company LTD, Pet Center, Incorporated (PCI), Nestle Purina PetCare, etc... are some of the major key players involved in this market.

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