South Korea Pet Food Market Size & Outlook, 2022-2030
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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 2023 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.
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Pet Food Market Scope
Pet Food Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| WellPet Humane | View profile | 11-50 | Chamblee, Georgia, United States, North America | https://www.wellpethumane.com |
| Total Alimentação | View profile | 501-1000 | Nova Lima, Minas Gerais, Brazil, South America | https://totalalimentacao.com.br |
| Lupus Foder | View profile | 11-50 | Västerås, Vastmanlands Lan, Sweden, Europe | https://lupus.se |
| JM Smucker Co | View profile | 5800 | One Strawberry Lane, Orrville, OH, United States, 44667-0280 | https://www.jmsmucker.com |
| Mars Group Holdings Corp | View profile | 755 | 1-10-7 Shinjuku, Shinjuku-ku, Tokyo, Japan, 160-0022 | http://www.mars-ghd.co.jp |
| Colgate-Palmolive Co | View profile | 34000 | 300 Park Avenue, New York, NY, United States, 10022 | https://www.colgatepalmolive.com |
| Nestle Purina Petcare | View profile | 10001+ | St Louis, Missouri, United States, North America | https://www.purina.com |
| General Mills Inc | View profile | 34000 | Number One General Mills Boulevard, Minneapolis, MN, United States, 55426 | https://www.generalmills.com |
| The Hartz Mountain Corporation | View profile | 251-500 | Secaucus, New Jersey, United States, North America | http://www.hartz.com/ |
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.
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Target buyers of South Korea 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 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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South Korea Pet Food Market Outlook Share, 2022 & 2030 (US$M)
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