Asia Pacific Pet Food Market Size & Outlook, 2022-2030
Asia Pacific pet food market, 2018-2030 (US$M)
Related Markets
Asia Pacific pet food market highlights
- The Asia Pacific pet food market generated a revenue of USD 19,050.2 million in 2022.
- The market is expected to grow at a CAGR of 5% from 2023 to 2030.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 19,050.2 million |
| Market revenue in 2030 | USD 28,240.9 million |
| Growth rate | 5% (CAGR from 2022 to 2030) |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | |
| Key market players worldwide | JM Smucker Co, Nestle Purina Petcare, Mars Group Holdings Corp, Colgate-Palmolive Co, General Mills Inc, The Hartz Mountain Corporation, Lupus Foder, Total Alimentação, WellPet Humane |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 19.2% of the global pet food market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 28,240.9 million by 2030.
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Pet Food Market Scope
Pet Food Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific pet food market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pet food market will help companies and investors design strategic landscapes.
The pet adoption rate in the Asia Pacific is likely to be primarily driven by growing urbanization, westernization, growing number of nuclear families, and rising annual income in the developing countries of the region.
These factors are expected to support the growth of pet ownership for both dogs and cats. Consumer concerns toward pet health, ensuring healthy skin and coat, digestion, and preventive teeth and gum issues have largely benefitted the sales of high-quality pet food.
This trend can be illustrated by the fact that around 41% of pet owners in Thailand search for pet food with added benefits for their health and body. E-commerce and online selling platforms for pet food have also immensely helped the market to grow, especially during the unprecedented outbreak of COVID-19, which restricted consumer movements for a significant period.
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Target buyers of Asia Pacific pet food market databook
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Our clientele includes a mix of pet food market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific pet food market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific pet food market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific Pet Food Market Outlook Share, 2022 & 2030 (US$M)
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