Market Size of thailand pet food Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 2.00 Billion |
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Market Size (2029) | USD 3.35 Billion |
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Largest Share by Pets | Dogs |
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CAGR (2024 - 2029) | 10.87 % |
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Fastest Growing by Pets | Dogs |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Thailand Pet Food Market Analysis
The Thailand Pet Food Market size is estimated at USD 2 billion in 2024, and is expected to reach USD 3.35 billion by 2029, growing at a CAGR of 10.87% during the forecast period (2024-2029).
2.00 Billion
Market Size in 2024 (USD)
3.35 Billion
Market Size in 2029 (USD)
10.34 %
CAGR (2017-2023)
10.87 %
CAGR (2024-2029)
Largest Market by Product
71.66 %
value share, Food, 2022
The regular use of commercial food products, such as kibbles and wet foods, to meet the daily dietary requirements of pets increased the share of food products in the country.
Largest Market by Animal
64.42 %
value share, Dogs, 2022
The higher population of dogs and the increased demand for dry pet food, dog treats, and veterinary diets in the country primarily contributed to the segment’s leading position in the market.
Fastest-growing Market by Product
13.58 %
Projected CAGR, Pet Veterinary Diets, 2023-2029
The increasing pet health concerns, the prevalence of chronic diseases, and rising demand for specialized pet nutrition are the factors increasing the usage of veterinary diets.
Fastest-growing Market by Animal
12.21 %
Projected CAGR, Dogs, 2023-2029
The increasing pet ownership rates of dogs compared to other pets resulted in a strong consumer demand for commercial pet food products in the country, driving the market’s growth.
Leading Market Player
14.57 %
market share, Mars Incorporated, 2022
Mars, Incorporated is the market leader, and the company has focused on innovating new specific pet health products and opened its new R&D facility in the country.
Increasing pet adoption and the demand for premium pet foods are driving the pet food market in the country
- Thailand is one of the emerging pet food markets in Asia-Pacific. It accounted for a 5.5% share of the region's pet food market in 2022, which grew by 63.1% between 2017 and 2022. This growth can be due to the country's increasing pet ownership, humanization, and premiumization.
- The dogs segment of the Thai pet food market held the largest share, reaching a market value of USD 1,038.4 million in 2022. It is anticipated to reach a market value of USD 2,301.5 million in 2029. This significant share and growth can be due to a high number of pet owners in the country shifting from home-cooked food to commercial pet food and a higher dog population. For instance, dogs accounted for 44.9% of the country's pet population in 2022, while cats accounted for 20.3%. There is also a growing trend toward premium dog food products.
- Cats held the second-largest share of the Thai pet food market, accounting for USD 295.6 million in 2022. They are estimated to record a CAGR of 12.1% during the forecast period. Their population grew by 27.5% between 2017 and 2022 due to changing attitudes toward cats among pet owners and their low maintenance requirements.
- The other pets include birds, small mammals, rodents, and ornamental fish. These animals have unique nutritional requirements that need to be fulfilled through specialized pet food products. Therefore, in 2022, they accounted for a market value of USD 277.9 million.
- The increasing usage of commercial foods, the rising pet humanization, and the growing population of pets in the country are anticipated to drive the pet food market during the forecast period, with a CAGR of 11.1%.
Understand The Key Trends Shaping This Market
