Asia-Pacific Pet Food Market

Asia-Pacific Pet food Market Size & Growth (2022 - 2027):

Asia-Pacific Pet food market has been estimated at USD 18.24 Billion in 2021 and is projected to reach USD 26.09 Billion by 2026, at a CAGR of 7.42% during the forecast period from 2022 - 2027.

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 benefits of high-quality pet food, increase in the pet population, and concern for the health of pets due to the rise in trend of pet humanization and increase in palatability of pet food are the factors which have resulted in the growth of pet food ingredients market. But strict regulation of the government on the costs of raw materials and feed products can hinder the market growth.

ASIA-PACIFIC PET FOOD MARKET REPORT COVERAGE:

Market Segmentation:

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

Geographically Asia-Pacific market for is Pet Food is segmented into

• China
• India
• Japan
• South Korea
• Australia

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 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 remaining market share 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.