The Asia Pacific Pet Food Market would witness market growth of 5.4% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 4,740.6 Kilo Tonnes, showcasing a growth of 5.3% (2019-2022).
Veterinarians are trusted sources of information for pet owners. They are seen as experts in animal health and nutrition. When veterinarians recommend specific pet food products or brands, it carries a high level of credibility, reassuring pet owners that they are making the right choice for their pets. Veterinarians often recommend specialized diets for pets with medical conditions. This can include prescription diets for animals with diabetes, kidney disease, or other health issues. These specialized diets are a significant segment of the pet food market and can only be obtained with a veterinarian's prescription. As pets age, their nutritional needs change. Veterinarians offer advice on how to adjust a pet's diet to accommodate the specific needs of senior animals.
Commercial pet food is extensively tested and manufactured to fulfill the nutritional needs of various pets. This assurance of balanced nutrition has led to widespread adoption, offering peace of mind to pet owners. The primary use of pet food is to promote the health and well-being of pets. Quality pet food provides essential nutrients that help maintain healthy skin, a shiny coat, strong teeth, and overall vitality. Many pet food products are formulated to help manage a pet's weight. Overweight pets can face health issues, and specialized weight management diets can assist in achieving and maintaining a healthy weight.
In 2022, there were more than 70.43 million urban pet owners in China, according to China’s State Council Information Office. As more Chinese people embrace the idea of pets as companions, pets have become integral parts of their lifestyles. There is a trend toward premium and specialized pet food products in China, including grain-free, natural, and breed-specific diets. According to the Japan Pet Food Association's (JPFA) yearly study, there were roughly 18.13 million domesticated dogs (8.5 million) and cats (9.6 million) in Japan as of October 2020. The factors mentioned above will drive the regional market growth.
The China market dominated the Asia Pacific Pet Food Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $11,528.2 Million by 2030. The Japan market is registering a CAGR of 4.7% during (2023 - 2030). Additionally, The India market would experience a CAGR of 6.1% during (2023 - 2030).
Based on Food Type, the market is segmented into Dry Food, Wet Food, Treats & Snacks, and Others. Based on Sales Channel, the market is segmented into Specialized Pet Shops, Supermarkets & Hypermarkets, Online Sales Channel, and Others. Based on Pet Type, the market is segmented into Dog, Cat and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Taiwan, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Pet Food Market is Predict to reach $138.8 Billion by 2030, at a CAGR of 4.8%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Unicharm Corporation (DSG International (Thailand) PLC), Farmina Pet Foods Holding B.V., Nestle S.A., General Mills, Inc., Mars, Inc. (Kind LLC), The Colgate Palmolive Company, The Wellness Pet Company (Clearlake Capital Group, L.P.), Schell & Kampeter, Inc., Archer Daniels Midland Company, and Thai Union Group PLC
By Food Type (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Sales Channel (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Pet Type (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
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