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Asia-Pacific Pet Food Market is Expected to Reach US$ 44.3 Billion by 2032, Grow at a CAGR 7.90% between 2022-2032
Published : April 2022

According to a market report, published by Sheer Analytics and Insights, the total Asia-Pacific pet food market was valued at $19.2 billion in 2021 and it is expected to reach $44.3 billion at a CAGR of 7.90% through the forecast period. Pet food provides standard nutritional value to domestic animal’s daily life. Along with these, the demand for pet medicines, food, and accessories is increasing, which is projected to drive the market growth over the forecast period across the Asia-Pacific region. Pet foods are easily digestible for domestic animals. The Pet population is increasing across the Asia-Pacific region due to pet humanization has fueled the pet food market. Furthermore, the perception of consumers has been changing towards the health of their domestic animals, which has helped the market to enhance in the region. Various cultures are living in the Asia-Pacific regions, which is leading to different buying patterns in the market. Hence, this pattern is helping the growth of the pet food market. However, in the Asia-Pacific region, the pet food market industry in China is estimated to become the fastest growing industry across the region.

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The major factors such as awareness of the benefits of best quality pet food, concern for the health of domestic animals, and increasing population of various pets have driven the growth of the market in the Asia-Pacific region. Moreover, governments from several countries across the region have imposed strict regulation acts on the costs of raw materials and animal feed products that might hamper the market growth. However, countries from the Asia-Pacific region have emerged as the most potential market for pet food products. Additionally, the pet food industries are quickly developing in the region due to urbanization. The major countries such as China and Japan, which are dominating the pet food market over the last few years, and these two countries are expected to witness a significant market growth during the forecast period. Moreover, the Asia-Pacific region has witnessed a rising demand for high-quality, organic, healthy, and nutritious pet food instead of normal pet foods in the market. Along with these, the region has observed an increasing adaption of cats and dogs as a pet which is anticipated to gain significant market share.                

Rabies is a severe disease humans get from animals such as dogs and cats. This kind of disease generally reduces the growth of the pet food market, because it decreases the adaption level of domestic animals and pets. Thus, many people do not keep pets for this reason, which can further hinder the pet food market. Manufacturers of pet foods are trying to focus on entering the premium food products categories, to improve their profit margin, which would lead the pet food market through the upcoming years.                           

According to the study, key players dominating the Asia-Pacific pet food market are Purina Petcare Company (U.S), JM Smucker Company (U.S), Mars Incorporated (U.S), Yantai China Pet Food Company Limited (China), Blue Buffalo Pet Products (U.S), Mars Incorporated Company (U.S), Champion Petfoods LP (Canada), United Pet Groupd Inc (U.S), Nisshin Seifun Group Company (Japan), Nippon Formula Feed Manufacturing Company (Japan), Indian Broiler Group Company (India), Unicharm Company (Japan), CJ CheilJedang Company (South Korea), Bridge Petcare Company Limited (China), Royal Canin Company Limited (China), Nutriara Alimentos Company Limited (Brazil), Maruha Nichiro Fishing Company (Japan), Big Heart Pet Brands Food Company (U.S), Diamond Pet Foods Company (U.S), Heristo AG Pet Food Company (Germany), Colgate-Palmolive Production Company (U.S), among others.      

The Asia-Pacific Pet Food Market Has Been Segmented Into:

The Asia-Pacific Pet Food Market – By Pet Type:

  • Cat
  • Dog
  • And Other Animals

The Asia-Pacific Pet Food Market – By Product Type:

  • Dry Pet Foods
  • Wet Pet Foods
  • Snacks
  • Other Products

The Asia-Pacific Pet Food Market – By Distributional Channel:

  • Online Shopping
  • Supermarket/Hypermarket
  • Specialized Pet Shops
  • And Others

The Asia-Pacific Pet Food Market – By Countries:

  • India
  • China
  • Japan
  • South Korea
  • North Korea
  • Rest of Asian Countries

Browse The Full Report at https://www.sheeranalyticsandinsights.com/market-report-research/asia-pacific-pet-food-market-21

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