Pet Food Market | Asia Pacific Market Trends | Future Scope
Asia - Pacific Pet Food Market - Growth, Trends and Forecasts (2017 - 2022)


DEC 2017

Asia - Pacific Pet Food Market - Growth, Trends and Forecasts (2017 - 2022)

Purchase Report

The market accounted for USD 10,793.5 million, in 2016, and is estimated to register an impressive CAGR of 5.1% to USD XX million market, by 2022. The pet humanization influences the purchasing decisions to a great extent. In addition, the changing perception of consumers for pet health and increasing trend of the nuclear family are few of the major factors boosting the market growth.

More number of nuclear families = Higher pet food requirement

The Australian market is driven by the increasing single population and high divorce rate. Further, the Japanese market is driven by the large elderly population, who prefer the company of a pet. This commonality of ‘companionship’, though, on a different social metric, makes a good high quality & premium foods market. The high education levels and modern infrastructure facilities, in the economically developed nations such as Japan and Korea, are accompanied by a strong sense of culture and locality. Moreover, the number of nuclear families have exceeded in these nations. The affluent status and companionship offered, while, owning a pet is an important driver for the industry in these countries. The marriage dissolutions that took place in Singapore in 2016 increased by 3.1%.  Further, China reported that above 4.08 million couples split up in 2016, i.e. an increase of 5.55%. In South Korea divorces stand high, mostly among older people with more than 20 years of marriage. Furthermore, owing to the increasing number of mutual separation, the urge to have a pet as companion is soaring in the Asian countries, providing necessary impetus to the Asia-Pacific pet food market

Increasing online sales and home delivery creating great market

The high internet connectivity, in the countries mentioned above, is boosting the e-commerce sites use, as an effective distribution channel for pet food sales. The notions of convenience, affluence & exclusivity, safety and market awareness play a crucial and emphatic role in the developing nations, towards the procurements of pet wellness products & foods. These market forces, along with aggravated connectivity programs, envisaged by the economy’s growth, are expected to boost the market. Owning a pet and focusing on its care, is seen as a mark of social status and sensitivity, making it an important market driver. In addition, the unreliability of locally manufactured products, as indicated by the recent alleged scandals and events, is forcing the customers to rely on exported products. A wide-range of export products is available through e-commerce, accelerating the pet food sales, in the region. The market campaigns are often centered on the shift towards commercials foods from left-overs. The late embrace of the market connectivity, in the minor markets of small economies such as Vietnam, Thailand etc., is due to the infrastructure lag and negligible product awareness. However, these factors offer the nascent market advantages of low regulations and competition.

Asia-Pacific has high potential for market players looking to expand their reach

The Asia-Pacific region is an important and high potential market. Further, the sharp contrast between the near saturation markets of European region (Europe pet food market) and American region (North America pet food market), with the new markets of Asia, is a visible indicator of the future predictions acuteness. The market witnessed slow yet steady growth, over the past several years.

 The region is endowed with a diverse set of markets, defined by various characterizations. The Australian and Japanese markets are characterized with a well aware and quality conscious consumer base, further, the point of difference is in the buying pattern and social culture. The Indian, Chinese and Indonesian markets are emerging rapidly in the region. The high economic conditions of Taiwan, Malaysia and South Korea make them an ideal target for pet foods. The markets of Vietnam, Thailand and other represent the most recent markets, to enter the pet food marketplace.

India: Luxury pet products brand-Heads Up For Tails raises USD 2 million in a pre-series-A round from a group of High Net worth Individuals (HNIS)

Heads Up For Tails, an Asian retailer of pet products has raised an amount of USD 2 million in a pre-series- A round from a group of High Net worth Individuals (HNIs), which is owned and operated by Precious Pet Services Pvt. Ltd., founded in 2008. Moreover, the brand sells grooming products for dogs and cats along with pet food, toys, apparel and accessories. This funding is a great milestone and is supposed to be invested  in technology, to enhance the end-user experience. In addition, the company plans to use the funding in the business expansion in domestic as well as overseas markets. Further, the company has planned to open more retail stores. Earlier, the Heads Up For Tails raised USD 1 million in seed funding from a group of unnamed investors.

Notable market developments

  • In Japan, the number of pet-dogs fall to just above cats.
  • EU terminates anti-dumping measures on China's pet products.
  • The India International Pet Trade Fair (9th IIPTF), in February 2017, introduced new products for small mammals.
  • As Wodonga's Mars pet food factory embarked on its next 50 years, it is facing challenges related to meat and energy.

Our report on Asia-Pacific pet food market covers the following:

  • Asia-Pacific pet food market trends & dynamics
  • Latest News & developments
  • Geographical insights
  • Porter’s five force analysis
  • Investment scope
  • Deep-dive insights

1. Introduction

                1.1 Key Deliverables of the Study

                1.2 Study Assumptions

                1.3 Market Definition

2. Research Approach and Methodology

                2.1 Introduction

                2.2 Research Designs

                2.3 Study Timelines

                2.4 Study Phases

                                2.4.1 Secondary Research

                                2.4.2 Discussion Guide

                                2.4.3 Market Engineering and Econometric Modelling

                                2.4.4 Expert Validation

3. Market Dynamics

                3.1 Drivers

                                3.1.1 Pet Refinement/ Humanization influencing the purchasing decisions                               

                                3.1.2 Changing perception of consumer towards pet health

                                3.1.3 Increasing trend of nuclear family

                                3.1.4 Increasing sales from Therapeutic pet food

                3.2 Restraints

                                3.2.1 Issues with regulatory

                                3.2.2 Pets increasing obesity

                                3.2.3 Pet allergies

                3.3 Opportunities

                                3.3.1 Growing demand for innovative pet food

                                3.3.2 Increasing online sales and home delivery

                                3.3.3 Growth in demand for natural and organic pet foods

                3.4 Porter's Five Forces Analysis

                                3.4.1 Bargaining Power of Suppliers

                                3.4.2 Bargaining Power of Buyers

                                3.4.3 Threats of New Entrants

                                3.4.4 Threats of Substitute Products and Services

                                3.4.5 Degree of Competition

4. Market Segmentation

                4.1 By Product

                                4.1.1 Dry Pet Foods

                                       Grain Free


                                4.1.2 Wet Pet Foods

                                       Grain Free


                                4.1.3 Veterinary Diets

                                4.1.4 Treats/Snacks

                                4.1.5 Liquid Food

                                4.1.6 Organic Product

                4.2 By Pricing

                                4.2.1 Economic Segment

                                4.2.2 Premium Segment

                                4.2.3 Super Premium Segment

                4.3 By Animal Type

                                4.3.1 Dog

                                4.3.2 Cat

                                4.3.3 Bird

                                4.3.4 Other Animals

     4.4 By Ingredients Type

                     4.4.1 Animal Derived

                     4.4.2 Plant Derived

                     4.4.3 Cereals and Cereal Derivatives

                     4.4.4 Others 

                4.5 By Sales Channels

                                4.5.1 Specialized Pet Shops

                                4.5.2 Internet Sales

                                4.5.3 Hypermarkets

                                4.5.4 Others (Grocery, Non-Grocery Stores)

                4.6 By Geography

                                4.6.1 Asia-Pacific






5. Competitive Landscape

           5.1 Market Shares of Leading Players

           5.2 Strategies Adopted by Leading Players

6. Company Profiles        

6.1 Mars Inc

6.2 Nestle SA (Purina)

6.3 Colgate Palmolive ( Hill's Pet Nutrition)

6.4 Uni-Charm Corp

6.5 Nutriara Alimentos Ltda

6.6 InVivo NSA

6.7 Agrolimen Sa

6.8 Mogiana Alimentos SA

6.9 Heristo AG

6.10 Deuerer

6.11 Wellpet

6.12 J.M.Sucker (Big Heart)

6.13 Diamond Pet Foods

6.14 Blue Buffalo

6.15 Merrick Pet Care

6.16 Sunshine Mills

6.17 Ainsworth Pet Nutrition

6.18 Yamahisa Pet Care

6.19 Debifu Pet Products Co. Ltd


7. Appendix

                7.1 Sources

                7.2 Disclaimer

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