Asia Pacific Pet Snacks And Treats Market Size & Outlook
Asia Pacific pet snacks and treats market, 2018-2030 (US$M)
Related Markets
Asia Pacific pet snacks and treats market highlights
- The Asia Pacific pet snacks and treats market generated a revenue of USD 5,259.2 million in 2023.
- The market is expected to grow at a CAGR of 12.6% from 2024 to 2030.
- In terms of segment, eatables was the largest revenue generating product in 2023.
- Chewables is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 5,259.2 million |
| Market revenue in 2030 | USD 12,074.4 million |
| Growth rate | 12.6% (CAGR from 2023 to 2030) |
| Largest segment | Eatables |
| Fastest growing segment | Chewables |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Eatables, Chewables |
| Key market players worldwide | Mars Group Holdings Corp, Nestle SA, JM Smucker Co, General Mills Inc, Colgate Palmolive, Nestle Purina Petcare, Spectrum Brands Holdings Inc, Wellness Pet Company, VAFO Group |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 14.5% of the global pet snacks and treats market in 2023.
- 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 12,074.4 million by 2030.
Eatables was the largest segment with a revenue share of 64.47% in 2023. Horizon Databook has segmented the Asia Pacific pet snacks and treats market based on eatables, chewables covering the revenue growth of each sub-segment from 2018 to 2030.
One of the prominent trends in the region is the rising demand for natural and functional pet snacks. Pet owners in Asia Pacific are becoming more discerning, opting for treats that not only serve as indulgent snacks but also contribute to the overall well-being of their pets.
Innovations in the pet food industry in Asia Pacific include the incorporation or blending of ingredients such as egg-based proteins, tofu dregs, black soldier flies, and silkworm pupae. These novel products are being introduced to meet the rising demand for sustainable pet food ingredients in key Asian markets.
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Pet Snacks And Treats Market Scope
Pet Snacks And Treats Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific pet snacks and treats market size, by country, 2018-2030 (US$M)
Asia Pacific Pet Snacks And Treats Market Outlook Share, 2023 & 2030 (US$M)
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