Thailand Pet Care Products Market: Import Trend Analysis
Thailand import trend for the pet care products market showed a growth rate of 6.42% from 2023 to 2024, with a compound annual growth rate (CAGR) of 22.39% from 2020 to 2024. This substantial increase can be attributed to the expanding middle-class population in Thailand, leading to higher disposable incomes and a greater inclination towards pet ownership, thereby driving the demand for pet care products.
Pet Care Products Market: Thailand vs Top 5 Major Economies in 2027 (Asia)
In the Asia region, the Pet Care Products market in Thailand is projected to expand at a growing growth rate of 5.07% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.
Thailand Pet Care Products Market Synopsis
The pet care products market in Thailand is growing steadily, with an estimated annual growth rate of 6%. This growth has been driven by the rising trend of pet ownership in the country. The market size was estimated to be worth THB 5,938 million (USD 177.71 million) in 2018 and is forecasted to reach a value of THB 8,756 million (USD 265.31 million) by 2024 with a CAGR of 6% during 2019-2024
The main factors driving this growth are increasing disposable income levels among middle class households and rising awareness regarding animal health and nutrition. Additionally, growing demand for convenience-oriented products such as ready-to-eat food items and convenient packaging formats are also contributing to the overall market growth
Major categories within this market include packaged food products, veterinary healthcare & pharmaceuticals/supplements, grooming supplies & accessories as well as other related services such as boarding kennels or pet spa services. Packaged food dominates the Thai pet care product market followed by veterinary healthcare & pharmaceuticals/supplements . Meanwhile , Pet toys have started gaining traction amongst consumers . Key players operating in this space include Royal Canin , Mars Inc., Nestle Purina PetCare Company , Unicharm Corporation among others
Key Highlights of the Report:
- Thailand Pet Care Products Market Outlook
- Market Size of Thailand Pet Care Products Market, 2019
- Forecast of Thailand Pet Care Products Market, 2026
- Historical Data and Forecast of Thailand Pet Care Products Revenues & Volume for the Period 2016 - 2026
- Thailand Pet Care Products Market Trend Evolution
- Thailand Pet Care Products Market Drivers and Challenges
- Thailand Pet Care Products Price Trends
- Thailand Pet Care Products Porter's Five Forces
- Thailand Pet Care Products Industry Life Cycle
- Historical Data and Forecast of Thailand Pet Care Products Market Revenues & Volume By Pet Types for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Pet Care Products Market Revenues & Volume By Dog for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Pet Care Products Market Revenues & Volume By Cat for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Pet Care Products Market Revenues & Volume By Fish for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Pet Care Products Market Revenues & Volume By Bird for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Pet Care Products Market Revenues & Volume By Horse for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Pet Care Products Market Revenues & Volume By Others for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Pet Care Products Market Revenues & Volume By Product Types for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Pet Care Products Market Revenues & Volume By Pet Food for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Pet Care Products Market Revenues & Volume By Veterinary Care for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Pet Care Products Market Revenues & Volume By Pet Grooming Products for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Pet Care Products Market Revenues & Volume By Others for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Pet Care Products Market Revenues & Volume By Ingredient Type for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Pet Care Products Market Revenues & Volume By Synthetic for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Pet Care Products Market Revenues & Volume By Organic for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Pet Care Products Market Revenues & Volume By Distribution Channels for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Pet Care Products Market Revenues & Volume By Stores for the Period 2016 - 2026
- Historical Data and Forecast of Thailand Pet Care Products Market Revenues & Volume By E-Commerce for the Period 2016 - 2026
- Thailand Pet Care Products Import Export Trade Statistics
- Market Opportunity Assessment By Pet Types
- Market Opportunity Assessment By Product Types
- Market Opportunity Assessment By Ingredient Type
- Market Opportunity Assessment By Distribution Channels
- Thailand Pet Care Products Top Companies Market Share
- Thailand Pet Care Products Competitive Benchmarking By Technical and Operational Parameters
- Thailand Pet Care Products Company Profiles
- Thailand Pet Care Products Key Strategic Recommendations
