South Korea Pet Food Market Size & Outlook, 2030

Revenue, 2022 (US$M)

$1,170.0

Forecast, 2030 (US$M)

$1,690.4

CAGR, 2023 - 2030

4.7%

Report Coverage

South Korea

South Korea pet food market, 2018-2030 (US$M)

Related Markets

Global Pet Food Industry Outlook

North America Pet Food Market Outlook

U.S. Pet Food Market Outlook

Canada Pet Food Market Outlook

Europe Pet Food Market Outlook

Germany Pet Food Market Outlook

France Pet Food Market Outlook

Italy Pet Food Market Outlook

Spain Pet Food Market Outlook

UK Pet Food Market Outlook

Asia Pacific Pet Food Market Outlook

Japan Pet Food Market Outlook

China Pet Food Market Outlook

India Pet Food Market Outlook

Australia Pet Food Market Outlook

Latin America Pet Food Market Outlook

Brazil Pet Food Market Outlook

MEA Pet Food Market Outlook

South Africa Pet Food Market Outlook

Saudi Arabia Pet Food Market Outlook

South Korea pet food market highlights

The South Korea pet food market generated a revenue of USD 1,170.0 million in 2022 and is expected to reach USD 1,690.4 million by 2030.
The South Korea market is expected to grow at a CAGR of 4.7% from 2023 to 2030.

Pet food market data book summary

Market revenue in 2022	USD 1,170.0 million
Market revenue in 2030	USD 1,690.4 million
Growth rate	4.7% (CAGR from 2022 to 2030)
Historical data	2018 - 2021
Base year	2022
Forecast period	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, South Korea accounted for 1.2% of the global pet food market in 2022.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Asia Pacific, China pet food market is projected to lead the regional market in terms of revenue in 2030.
India is the fastest growing regional market in Asia Pacific and is projected to reach USD 364.3 million by 2030.

Key Regions: U.S. , UK , Japan , Brazil , Canada

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Pet Food Market Scope

Pet food market segmentation & scope

Regions

North America

Europe

Asia Pacific

Middle East & Africa

Latin America

Countries

U.S.

Canada

Germany

France

Italy

Spain

China

India

Japan

South Korea

Australia

South Africa

Saudi Arabia

Brazil

Pet Food Market Companies

Name	Profile	# Employees	HQ	Website

South Korea 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.

Factors such as the growing aging population, increasing number of nuclear families, and growing per capita income have driven the pet adoption rate in South Korea. Consequently, the pet food market has witnessed an increase in demand in the country, over the past few years with dry pet food dominating the market followed by wet food and snacks & treats in 2023.

A majority of the dog or cat food products are imported from international markets, and this projects lucrative opportunities for local manufacturers in the country.

Closing dog farms because of rising concerns regarding the prevention of dog meat consumption is likely to boost dog ownership in the country, and in turn, create demand for healthy dog foods in the coming years.

Reasons to subscribe to South Korea pet food market databook:

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Target buyers of South Korea pet food market databook

Our clientele includes a mix of pet food market companies, investment firms, advisory firms & academic institutions.
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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 country-level data and insights on the South Korea pet food market , including forecasts for subscribers. This country databook contains high-level insights into South Korea pet food market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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