Asia Pacific Pet Care Market Size By Sales Channel (Stores and E-commerce), By Product Type (Pet Food/Treats, Supplements, Grooming Products), By Animal Type (Dogs, Cats, Birds, Fishes), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Asia Pacific Pet Care Market Size By Sales Channel (Stores and E-commerce), By Product Type (Pet Food/Treats, Supplements, Grooming Products), By Animal Type (Dogs, Cats, Birds, Fishes), By Geographic Scope And Forecast
Asia Pacific Pet Care Market Size And Forecast
Asia Pacific Pet Care Market size was valued at USD 49.46 Billion in 2024 and is projected to reach USD 101.92 Billion by 2031, growing at a CAGR of 9.46%from 2024 to 2031.
It looks like more and more pet parents are focused on giving their furry friends a protein-packed diet to keep them strong and healthy! That's expected to really boost the pet food market in the coming years. In Asia Pacific, most pet owners still reach for familiar proteins like chicken and beef when choosing protein-rich meals for their pets. And with people wanting clean labels, natural food, and generally healthier lives for their companions, that trend is only getting stronger. Want a deep dive into the Asia Pacific market? Our report offers a holistic evaluation, with a comprehensive analysis of key segments, trends, what's driving growth, what's holding it back, the competitive scene, and all the factors that are making a big difference in the market.
Asia Pacific Pet Care Market Definition
Pet care means taking care of your pet starting from food and safety, nourishment, exercise to medical attention. In addition, grooming, training, and providing complete wellness to your pet are also a part of pet care.
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Asia Pacific Pet Care Market Overview
More and more people are choosing smaller companions like cats and dogs, wanting that close connection. Because of this, folks are spending a lot to give their furry friends a great life. This surge in pet ownership is causing a real pet economy boom in Asia! The way we've been welcoming pets into our lives in the last few years is really driving this growth. With cities growing bigger in developing countries, more people are opening their homes to pets. Millennials, especially, are adopting pets at a rapid rate across the region. Feeling lonely? Pets are proving to be wonderful companions, offering loyalty and love that helps combat those feelings. We're also seeing a rise in concern about keeping our pets healthy – from wanting safe pet food to avoiding injuries during grooming – and that's creating big opportunities for growth in the market. Plus, everyone's buying cool pet accessories and toys, which is really boosting sales in the pet care industry.
Although, there has been the gaining understanding and awareness of the different food options in the market, still in many of the developing Asian markets there has been limited awareness of food options. Lack of knowledge about the economic food options provided as one of the successful strategies by the manufacturers is another factor pertaining to restrict the market growth.
Asia Pacific Pet Care MarketSegmentation Analysis
The Asia Pacific Pet Care Market is segmented based on Sales Channel, Product Type, Animal Type, and Geography.
Asia Pacific Pet Care Market, By Sales Channel
• Stores• E-commerce
Based on Sales Channel, the market is bifurcated into Stores and E-commerce. Stores accounted for the largest market share of 67.36% in 2020, with a market value of USD 25,908.65 Million, and is projected to grow at a CAGR of 7.32% during the forecast period. E-commerce was the second-largest market in 2020.
The rise in the demand for natural, generic, and premium pet food and other nutraceutical products leads to derive the maximum segmental revenue and thereby propelled the market growth. The E-commerce distribution channel observed the potential growth for the pet care market in the forecasted period.
Asia Pacific Pet Care Market, By Product Type
• Pet Food/Treats• Supplements• Grooming Products• Herbal Products• Others
Based on Product Type, the market is bifurcated into Pet Food/Treats, Supplements, Grooming Products, Herbal Products, and Others. Pet Food/Treats accounted for the largest market share of 46.52% in 2020, with a market value of USD 17,894.36 Million, and is projected to grow at a CAGR of 6.44% during the forecast period. Supplements were the second-largest market in 2020.
Asia Pacific Pet Care Market, By Animal Type
• Dogs• Cats• Birds• Fishes• Others
Based on the Animal Type, the market is bifurcated into Dogs, Cats, Birds, Fishes, and Others. Dogs accounted for the largest market share of 35.36% in 2020, with a market value of USD 13,599.22 Million, and is projected to grow at a CAGR of 8.64% during the forecast period. Cats were the second-largest market in 2020.
Asia Pacific Pet Care Market, By Geography
On the basis of Geography, the Asia Pacific Pet Care Market is classified into Bangladesh, Philippines, Malaysia, Thailand, Sri Lanka, Taiwan, Vietnam, Singapore, Australia, China, Hong Kong, Indonesia, Myanmar, South Korea, Rest of Asia Pacific. China accounted for the largest market share of 30.05% in 2020, with a market value of USD 11,556.51 Million, and is projected to grow at a CAGR of 9.21% during the forecast period. Australia was the second-largest market in 2020.
Key Players
The “Asia Pacific Pet Care Market” study report will provide valuable insight with an emphasis on the Asia Pacific Market. The major players in the market are Nestle S.A., Mars, Incorporated, Nippon Pet Food Co., Colgate-Palmolive Company, Perfect Companion Group Co., Betagro Agro Industry Company Limited, MERApet, Harringtons, PetSmart Inc., Oliver Pet Care Solutions, Zoetis Inc., Idexx Laboratories Inc., The Heristo aktiengesellschaft, Champion Petfoods, Blue Buffalo Pet Products, Inc., Ancol Pet Products Limited and others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Nestle S.A., Mars, Incorporated, Nippon Pet Food Co., Colgate-Palmolive Company, Perfect Companion Group Co., Betagro Agro Industry Company Limited, MERApet, Harringtons, PetSmart Inc., & Others.
SEGMENTS COVERED
By Sales Channel, By Product Type, By Animal Type, and By Geography.
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