Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia), By Pet Types (Dog, Cat, Fish, Bird, Horse, Others), By Product Types (Pet Food, Veterinary Care, Pet Grooming Products, Others), By Ingredient Type (Synthetic, Organic), By Distribution Channels (Stores, E-Commerce) And Competitive Landscape
Product Code: ETC056685 | Publication Date: May 2021 | Updated Date: Dec 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Asia Pacific Pet Care Products Market |
Forecast Period | 2024-2030 |
Market Size | USD 26.1 Billion by 2030 |
CAGR | 8.5% |
Growing Sector | Food |
Asia Pacific Pet Care Products Market report thoroughly covers the market by pet types, product types, ingredient types, distribution channel and countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Asia Pacific pet care products market is expected to be worth $17.54 billion in 2024, and $26.01 billion by 2030. This expansion is being driven by factors such as increased pet ownership, rising disposable income, and expanding consumer demand for premium and specialized pet care goods throughout the region.
The Asia Pacific pet care product market has been steadily developing, owing to rising pet ownership, rising disposable incomes, and increased knowledge of pet health and wellness. Consumers are increasingly investing in premium products such as nutritious food, grooming items, and health supplements, which is helping to drive market growth throughout the region.
According to 6Wresearch, Asia Pacific Pet Care Products Market size is expected to grow at a significant CAGR of 8.5% during 2024-2030. The rising pet ownership rates and the increasing humanization of pets have fueled the demand for high-quality and specialized pet care products. Pet owners are seeking products that cater to the specific needs of their beloved companions, such as premium food, grooming products, and healthcare supplies. Additionally, the growing disposable income and changing lifestyles have led to an increased willingness to spend on pet care, further driving Asia Pacific Pet Care Products Market growth. Furthermore, the influence of social media and the sharing of pet-related content have played a role in shaping consumer preferences and creating awareness about the availability and benefits of pet care products.
While the Asia Pacific pet care products market presents promising opportunities, it also faces certain challenges that need to be addressed. One of the key challenges is the presence of counterfeit and low-quality products in the market, which not only undermines consumer trust but also poses health risks to pets. The lack of stringent regulations and quality control measures in some regions contributes to this issue. Another challenge is the sustainability aspect of pet care products. The use of single-use plastics and non-biodegradable materials in packaging and products raises concerns over their impact on the environment. To ensure long-term growth and sustainability, companies in the industry need to focus on product quality, safety, and eco-friendly solutions that align with the evolving consumer preferences and contribute to a healthier and more sustainable future for pets and the environment.
Significant trends are influencing the growth of the Asia Pacific pet care product industry. The growing popularity of natural and organic pet care products is one such trend. Customers are choosing cleaner, more environmentally friendly goods for their pets as they grow more aware of the substances used in those products. The emergence of tech-friendly pet care products, which are fueled by technological breakthroughs, is another significant trend. Pet owners who want to improve the care and wellbeing of their animals are increasingly using smart items like GPS trackers, automatic feeding, and health monitoring gadgets. It is anticipated that these factors would accelerate the region's market expansion.
The Asia-Pacific pet care product industry has several investment opportunities for both established enterprises and new entrants. Premium and specialized pet care products are becoming more and more in demand as a result of the growing trend of pet humanization, which treats pets like members of the family. More and more customers are looking for premium pet food, grooming, and health items that are suited to their requirements. There is a lot of room for market growth and innovation given this change in consumer tastes and the growing disposable incomes in many of the region's nations. In the cutthroat and dynamic pet care industry, businesses that take advantage of these trends can see significant development.
Leading companies in the Asia Pacific pet care product market are Nestle Purina PetCare Company, Mars Inc., Unicharm Corporation, Colgate-Palmolive Company, Hill's Pet Nutrition Inc., and Blue Buffalo Co., Ltd. To satisfy changing consumer demands, these businesses are aggressively concentrating on product innovation, creating fresh and enhanced pet food and care products. These companies employ strategic alliances, mergers, and acquisitions in addition to innovation as important tactics to fortify their positions and increase their market share. They hope to provide high-end goods that meet the rising demand for pet care items by making research and development investments.
Governments in several Asia Pacific countries are encouraging the expansion of the pet care business with favorable laws and initiatives. In order to encourage people to adopt pets as companions, the Chinese government has loosened its laws governing pet ownership. The need for pet care products has increased as a result of this. Similar to this, South Korea has put in place extensive laws pertaining to animal welfare and protection, which guarantee improved pet care and support pet-related enterprises. In order to guarantee the welfare of their pets, other nations, such as Japan and India, are also enacting laws and providing incentives. This, in turn, stimulates the market for pet care products by raising pet ownership and raising standards of general care.
The market for pet care products in Asia Pacific is expected to increase significantly over the next several years due to factors such rising pet ownership, shifting lifestyles, and rising disposable income. The market is expanding because to rising demand for natural and specialty goods as well as increased awareness of pet health. Customers are looking for premium, environmentally friendly choices as pet care becomes more expensive. The market is also being boosted by regional government efforts that promote pet adoption and animal welfare. The Asia Pacific pet care product industry appears to have a bright future ahead of it, with lots of room for expansion and innovation.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ravi Bhandari, Research Head, 6Wresearch, in the Asia Pacific pet care product market, stores segment currently dominates the distribution channel. This is because pet care items are widely available in physical retail establishments, giving customers convenient access and a variety of choices.
China is currently the dominant country in the Asia Pacific pet care product industry, accounting for a sizable portion of the total market. This can be explained by the nation's growing disposable income and pet-owning populace.
The Asia Pacific Pet Care Products market report provides a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Pet Care Products Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Pet Care Products Market Revenues & Volume, 2020 & 2030F |
3.3 Asia Pacific Pet Care Products Market - Industry Life Cycle |
3.4 Asia Pacific Pet Care Products Market - Porter's Five Forces |
3.5 Asia Pacific Pet Care Products Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Asia Pacific Pet Care Products Market Revenues & Volume Share, By Pet Types, 2020 & 2030F |
3.7 Asia Pacific Pet Care Products Market Revenues & Volume Share, By Product Types, 2020 & 2030F |
3.8 Asia Pacific Pet Care Products Market Revenues & Volume Share, By Ingredient Type, 2020 & 2030F |
3.9 Asia Pacific Pet Care Products Market Revenues & Volume Share, By Distribution Channels, 2020 & 2030F |
4 Asia Pacific Pet Care Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Pet Care Products Market Trends |
6 Asia Pacific Pet Care Products Market, 2020 - 2030 |
6.1 Asia Pacific Pet Care Products Market, Revenues & Volume, By Pet Types, 2020 - 2030 |
6.2 Asia Pacific Pet Care Products Market, Revenues & Volume, By Product Types, 2020 - 2030 |
6.3 Asia Pacific Pet Care Products Market, Revenues & Volume, By Ingredient Type, 2020 - 2030 |
6.4 Asia Pacific Pet Care Products Market, Revenues & Volume, By Distribution Channels, 2020 - 2030 |
7 China Pet Care Products Market, 2020 - 2030 |
7.1 China Pet Care Products Market, Revenues & Volume, By Pet Types, 2020 - 2030 |
7.2 China Pet Care Products Market, Revenues & Volume, By Product Types, 2020 - 2030 |
7.3 China Pet Care Products Market, Revenues & Volume, By Ingredient Type, 2020 - 2030 |
7.4 China Pet Care Products Market, Revenues & Volume, By Distribution Channels, 2020 - 2030 |
8 India Pet Care Products Market, 2020 - 2030 |
8.1 India Pet Care Products Market, Revenues & Volume, By Pet Types, 2020 - 2030 |
8.2 India Pet Care Products Market, Revenues & Volume, By Product Types, 2020 - 2030 |
8.3 India Pet Care Products Market, Revenues & Volume, By Ingredient Type, 2020 - 2030 |
8.4 India Pet Care Products Market, Revenues & Volume, By Distribution Channels, 2020 - 2030 |
9 Japan Pet Care Products Market, 2020 - 2030 |
9.1 Japan Pet Care Products Market, Revenues & Volume, By Pet Types, 2020 - 2030 |
9.2 Japan Pet Care Products Market, Revenues & Volume, By Product Types, 2020 - 2030 |
9.3 Japan Pet Care Products Market, Revenues & Volume, By Ingredient Type, 2020 - 2030 |
9.4 Japan Pet Care Products Market, Revenues & Volume, By Distribution Channels, 2020 - 2030 |
10 Australia Pet Care Products Market, 2020 - 2030 |
10.1 Australia Pet Care Products Market, Revenues & Volume, By Pet Types, 2020 - 2030 |
10.2 Australia Pet Care Products Market, Revenues & Volume, By Product Types, 2020 - 2030 |
10.3 Australia Pet Care Products Market, Revenues & Volume, By Ingredient Type, 2020 - 2030 |
10.4 Australia Pet Care Products Market, Revenues & Volume, By Distribution Channels, 2020 - 2030 |
11 Indonesia Pet Care Products Market, 2020 - 2030 |
11.1 Indonesia Pet Care Products Market, Revenues & Volume, By Pet Types, 2020 - 2030 |
11.2 Indonesia Pet Care Products Market, Revenues & Volume, By Product Types, 2020 - 2030 |
11.3 Indonesia Pet Care Products Market, Revenues & Volume, By Ingredient Type, 2020 - 2030 |
11.4 Indonesia Pet Care Products Market, Revenues & Volume, By Distribution Channels, 2020 - 2030 |
12 Philippines Pet Care Products Market, 2020 - 2030 |
12.1 Philippines Pet Care Products Market, Revenues & Volume, By Pet Types, 2020 - 2030 |
12.2 Philippines Pet Care Products Market, Revenues & Volume, By Product Types, 2020 - 2030 |
12.3 Philippines Pet Care Products Market, Revenues & Volume, By Ingredient Type, 2020 - 2030 |
12.4 Philippines Pet Care Products Market, Revenues & Volume, By Distribution Channels, 2020 - 2030 |
13 Thailand Pet Care Products Market, 2020 - 2030 |
13.1 Thailand Pet Care Products Market, Revenues & Volume, By Pet Types, 2020 - 2030 |
13.2 Thailand Pet Care Products Market, Revenues & Volume, By Product Types, 2020 - 2030 |
13.3 Thailand Pet Care Products Market, Revenues & Volume, By Ingredient Type, 2020 - 2030 |
13.4 Thailand Pet Care Products Market, Revenues & Volume, By Distribution Channels, 2020 - 2030 |
14 Malaysia Pet Care Products Market, 2020 - 2030 |
14.1 Malaysia Pet Care Products Market, Revenues & Volume, By Pet Types, 2020 - 2030 |
14.2 Malaysia Pet Care Products Market, Revenues & Volume, By Product Types, 2020 - 2030 |
14.3 Malaysia Pet Care Products Market, Revenues & Volume, By Ingredient Type, 2020 - 2030 |
14.4 Malaysia Pet Care Products Market, Revenues & Volume, By Distribution Channels, 2020 - 2030 |
15 Singapore Pet Care Products Market, 2020 - 2030 |
16 Rest of Asia Pet Care Products Market, 2020 - 2030 |
16.1 Rest of Asia Pet Care Products Market, Revenues & Volume, By Pet Types, 2020 - 2030 |
16.2 Rest of Asia Pet Care Products Market, Revenues & Volume, By Product Types, 2020 - 2030 |
16.3 Rest of Asia Pet Care Products Market, Revenues & Volume, By Ingredient Type, 2020 - 2030 |
16.4 Rest of Asia Pet Care Products Market, Revenues & Volume, By Distribution Channels, 2020 - 2030 |
17 Asia Pacific Pet Care Products Market Key Performance Indicators |
18 Asia Pacific Pet Care Products Market - Opportunity Assessment |
18.1 Asia Pacific Pet Care Products Market Opportunity Assessment, By Countries, 2020 & 2030F |
18.2 Asia Pacific Pet Care Products Market Opportunity Assessment, By Pet Types, 2020 & 2030F |
18.3 Asia Pacific Pet Care Products Market Opportunity Assessment, By Product Types, 2020 & 2030F |
18.4 Asia Pacific Pet Care Products Market Opportunity Assessment, By Ingredient Type, 2020 & 2030F |
18.5 Asia Pacific Pet Care Products Market Opportunity Assessment, By Distribution Channels, 2020 & 2030F |
19 Asia Pacific Pet Care Products Market - Competitive Landscape |
19.1 Asia Pacific Pet Care Products Market Revenue Share, By Companies, 2023 |
19.2 Asia Pacific Pet Care Products Market Competitive Benchmarking, By Operating and Technical Parameters |
20 Company Profiles |
21 Recommendations |
22 Disclaimer |