Impact Assessment of COVID-19 Outbreak on Asia Pacific Pet Food Market

According to a new market report published by Transparency Market Research “Pet Food Market - Asia Pacific Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” the asia Pacific pet food market was valued at USD 9,100.0 million in 2013 which is expected to reach USD 10,720.0 million by 2020, growing at a CAGR of 2.3% from 2014 to 2020. In terms of volume the pet food market in Asia Pacific was valued at 688.6 kg million in 2013 and is expected to reach 803.3 kg million by 2020, growing at a CAGR of 2.1% from 2014 to 2020.  

The pet food market in terms of pet type has been segmented into dog food, cat food and others. The dog food segment held the largest market share in the pet food market in Asia Pacific. Increasing disposable income and rising trend for nuclear family are some of the major factors fueling the demand for dog food in Asia Pacific. However, the others segment including fish food, reptile food, bird food and other small animals is one of the fastest growing segments in Asia Pacific. 

In addition, the pet food market can be further segmented in terms of food type into: dry food, wet food/canned food, nutritious food, snacks/treats and others. The dry food segment held the largest market share in Asia Pacific. Ease of handling and lower prices of dry food as compared to other food types is one of the major factors fueling the demand for dry food in Asia Pacific. However, the nutritious food segment is the fastest growing segment in Asia Pacific. Increasing awareness about pet health is one of the major factors fueling the demand for nutritious food. 

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The Asia Pacific pet food market is further segmented by country into China, India, Japan, Australia, South Korea and rest of Asia Pacific. Japan is one of the major markets for pet food in Asia Pacific. Increasing trend for nuclear family and demand for small pets is one of the major factors fueling the demand for pet food in Japan. However, with smaller dwelling places the pet food market in Japan is expected to experience stable growth throughout the forecast period. 

However, India is the fastest growing market for pet food in Asia Pacific. Increasing demand for companionship and awareness about pet health are some of the major factors fueling the demand for pet food in India. In addition, China is having huge potential for pet food owing to increasing number of pets. China has largest population of dogs as pets globally. Owing to these factors, there is huge untapped potential in pet food market in China. The average selling price (ASP) of snacks/treats segment was the highest in Asia Pacific followed by nutritious food segment. 

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The pet food market is dominated mostly by major manufacturers such as Nestle S.A., Mars Inc., Procter & Gamble Co. and Colgate-Palmolive Co. among others. However, the local players are still trying to enter these markets due to brand loyalty of the consumers.

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Asia Pacific Pet Food Market Driven by Increasing Awareness about Pet Health

The rising concern for the health of pets, growing acknowledgement of the benefits of high-quality pet food, increase in palatability of pet food, and increase in pet population are some of the major factors driving the pet food industry across the globe. The pet food industry forms a part of the animal feed industry and includes animal or plant material intended for pet consumption. 

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Pet food products are made available through a variety of distribution networks such as hypermarkets, supermarkets, and online stores, among many others. This report on the pet food market is an extensive research study on the overall market, including the competitive analysis and perspectives needed in terms of geography, type of pet, class of pet food, as well as by key manufacturing and retailing issues such as packaging innovations, formulation trends, ingredients, and online retailing. 

The research study analyzes the pet food market in Asia Pacific and estimates the market in terms of revenue (US$ million) from 2014 to 2020. It also analyzes the market by volume from 2014 to 2020 and includes some of the major current market trends and their impact on the overall market over the forecast period. In addition, the report includes analysis of the average selling price (ASP) in various pet food product segments across various countries. Through value chain analysis, insights from leading players, and explanation of the macroeconomic factors influencing and inhibiting the growth of the market, the report will help suppliers, manufacturers, and distributors understand the present and future trends in the pet food market and formulate their strategies accordingly. 

Health and well-being are prime factors affecting the development of the global pet food market, as pet owners look for healthier options when selecting the right type of food for their pets. As millions of homeowners across the U.S. and Europe are increasingly adopting pets such as dogs or cats, there has been an increase in spending on pet food products in the past few years. Due to this factor, the commercial pet food industry is rapidly expanding in major regions of the world. 

According to a market study by Transparency Market Research, the pet food market in Asia Pacific was valued at US$9,100.0 mn in 2013 and is expected to reach US$10,720.0 mn by 2020, rapidly growing at a CAGR of 2.30% from 2014 to 2020. By volume, the market totaled 688.6 kg mn in 2013 and is anticipated to reach 803.3 kg mn by 2020, increasing at a CAGR of 2.10% from 2014 to 2020. 

Increasing awareness about pet health is one of the major factors fueling the demand for nutritious pet food in Asia Pacific. The nutritious food segment is expected to be the fastest growing segment within the pet food market. It is expected to reach US$361.3 million by 2020. 

The pet food market in Asia Pacific is dominated by some of the major brands operating in this region as well as across the globe. Due to the brand loyalty of existing consumers, the local players are still expected to enter the market in the near future. This report profiles Procter & Gamble Co., Nestle S.A., Mars Inc., and Colgate-Palmolive Co. as the key players of the pet food market in Asia Pacific.

Asia Pacific Pet Food Market Driven by Increasing Purchasing Power & Rapid Urbanization

According to a new market report published by Transparency Market Research “Pet Food Market - Asia Pacific Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” the asia Pacific pet food market was valued at USD 9,100.0 million in 2013 which is expected to reach USD 10,720.0 million by 2020, growing at a CAGR of 2.3% from 2014 to 2020. In terms of volume the pet food market in Asia Pacific was valued at 688.6 kg million in 2013 and is expected to reach 803.3 kg million by 2020, growing at a CAGR of 2.1% from 2014 to 2020.

The pet food market in terms of pet type has been segmented into dog food, cat food and others. The dog food segment held the largest market share in the pet food market in Asia Pacific. Increasing disposable income and rising trend for nuclear family are some of the major factors fueling the demand for dog food in Asia Pacific. However, the others segment including fish food, reptile food, bird food and other small animals is one of the fastest growing segments in Asia Pacific.

In addition, the pet food market can be further segmented in terms of food type into: dry food, wet food/canned food, nutritious food, snacks/treats and others. The dry food segment held the largest market share in Asia Pacific. Ease of handling and lower prices of dry food as compared to other food types is one of the major factors fueling the demand for dry food in Asia Pacific. However, the nutritious food segment is the fastest growing segment in Asia Pacific. Increasing awareness about pet health is one of the major factors fueling the demand for nutritious food.

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The Asia Pacific pet food market is further segmented by country into China, India, Japan, Australia, South Korea and rest of Asia Pacific. Japan is one of the major markets for pet food in Asia Pacific. Increasing trend for nuclear family and demand for small pets is one of the major factors fueling the demand for pet food in Japan. However, with smaller dwelling places the pet food market in Japan is expected to experience stable growth throughout the forecast period.

However, India is the fastest growing market for pet food in Asia Pacific. Increasing demand for companionship and awareness about pet health are some of the major factors fueling the demand for pet food in India. In addition, China is having huge potential for pet food owing to increasing number of pets. China has largest population of dogs as pets globally. Owing to these factors, there is huge untapped potential in pet food market in China. The average selling price (ASP) of snacks/treats segment was the highest in Asia Pacific followed by nutritious food segment.

The pet food market is dominated mostly by major manufacturers such as Nestle S.A., Mars Inc., Procter & Gamble Co. and Colgate-Palmolive Co. among others. However, the local players are still trying to enter these markets due to brand loyalty of the consumers.

Asia Pacific Pet Food Market: By Pet Type

• Dog Food
• Cat Food
• Others

Asia Pacific Pet Food Market: By Food Type

• Dry Food
• Wet Food/Canned Food
• Nutritious Food
• Snacks/Treats
• Others

Asia Pacific Pet Food Market: By Country

• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific 

Asia Pacific Pet Food Market Driven by Increasing Demand for Companionship & Awareness about Pet Health

The Asia Pacific market for pet food presented an opportunity worth US$9.1 bn in 2013, states the report. Analysts at TMR project this market to expand at a CAGR of 2.30% during the period from 2014 to 2020 and increase to US$10.7 bn by the end of the forecast period. In terms of volume, the market is likely to reach 803.3 kg million by 2020. Dog food registered a higher demand than other pet food in 2013. With a CAGR of 2.40% between 2014 and 2020, the segment is expected to remain dominant throughout the forecast period.

The pet food market in terms of pet type has been segmented into dog food, cat food and others. The dog food segment held the largest market share in the pet food market in Asia Pacific. Increasing disposable income and rising trend for nuclear family are some of the major factors fueling the demand for dog food in Asia Pacific. However, the others segment including fish food, reptile food, bird food and other small animals is one of the fastest growing segments in Asia Pacific.

In addition, the pet food market can be further segmented in terms of food type into: dry food, wet food/canned food, nutritious food, snacks/treats and others. The dry food segment held the largest market share in Asia Pacific. Ease of handling and lower prices of dry food as compared to other food types is one of the major factors fueling the demand for dry food in Asia Pacific. However, the nutritious food segment is the fastest growing segment in Asia Pacific. Increasing awareness about pet health is one of the major factors fueling the demand for nutritious food.

The Asia Pacific pet food market is further segmented by country into China, India, Japan, Australia, South Korea and rest of Asia Pacific. Japan is one of the major markets for pet food in Asia Pacific. Increasing trend for nuclear family and demand for small pets is one of the major factors fueling the demand for pet food in Japan. However, with smaller dwelling places the pet food market in Japan is expected to experience stable growth throughout the forecast period.

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“Keeping a pet and spending on its care have a cultural as well as social importance in Asia Pacific, leading to a high count of pets here,” states an analyst. Due to the growing awareness pertaining to pet health, together with the increasing disposable income of consumers, the demand for pet food in Asia Pacific has been witnessing a tremendous rise and is expected to remain increasing over the coming years.

Apart from this, the increasing palatability of pet food products, due to the intensifying competition between producers, is also attracting a significant amount of demand, leading to a remarkable growth in this market in the long term.

Although representing a bright future, the pet food market in Asia Pacific is anticipated to face quite a few hurdles during the forecast period. The main among them is the growing trend of smaller pets. As smaller pets require less amount of food, the consumption will reduce automatically, causing an adverse impact on the Asia Pacific pet food market in the near future. Other than this, stringent government rules implemented to regulate the quality of pet food are also projected to hinder the growth of this market considerably over the next few years, states the research report.

Asia Pacific Pet Food Market Driven by Growing Acknowledgement of the Benefits of High-Quality Pet Food

The rising concern for the health of pets, growing acknowledgement of the benefits of high-quality pet food, increase in palatability of pet food, and increase in pet population are some of the major factors driving the pet food industry across the globe. The pet food industry forms a part of the animal feed industry and includes animal or plant material intended for pet consumption.

Pet food products are made available through a variety of distribution networks such as hypermarkets, supermarkets, and online stores, among many others. This report on the pet food market is an extensive research study on the overall market, including the competitive analysis and perspectives needed in terms of geography, type of pet, class of pet food, as well as by key manufacturing and retailing issues such as packaging innovations, formulation trends, ingredients, and online retailing.

The research study analyzes the pet food market in Asia Pacific and estimates the market in terms of revenue (US$ million) from 2014 to 2020. It also analyzes the market by volume from 2014 to 2020 and includes some of the major current market trends and their impact on the overall market over the forecast period. In addition, the report includes analysis of the average selling price (ASP) in various pet food product segments across various countries. Through value chain analysis, insights from leading players, and explanation of the macroeconomic factors influencing and inhibiting the growth of the market, the report will help suppliers, manufacturers, and distributors understand the present and future trends in the pet food market and formulate their strategies accordingly.

Overview of the Pet Food Market

Health and well-being are prime factors affecting the development of the global pet food market, as pet owners look for healthier options when selecting the right type of food for their pets. As millions of homeowners across the U.S. and Europe are increasingly adopting pets such as dogs or cats, there has been an increase in spending on pet food products in the past few years. Due to this factor, the commercial pet food industry is rapidly expanding in major regions of the world.

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According to a market study by Transparency Market Research, the pet food market in Asia Pacific was valued at US$9,100.0 mn in 2013 and is expected to reach US$10,720.0 mn by 2020, rapidly growing at a CAGR of 2.30% from 2014 to 2020. By volume, the market totaled 688.6 kg mn in 2013 and is anticipated to reach 803.3 kg mn by 2020, increasing at a CAGR of 2.10% from 2014 to 2020.

Increasing awareness about pet health is one of the major factors fueling the demand for nutritious pet food in Asia Pacific. The nutritious food segment is expected to be the fastest growing segment within the pet food market. It is expected to reach US$361.3 million by 2020.

Another dominant segment within the pet food market is the dry food segment, which held the largest share in the global pet food market in Asia Pacific. This segment is rapidly growing due to the ease of handling and lower prices of dry food as compared to several other types of pet food available in local Asian markets.

Among the various countries in Asia Pacific, such as Australia, China, India, South Korea, and Rest of Asia Pacific, Japan leads the pet food market in terms of growth and demand. The demand for small pets and the increasing preference for nuclear families are the main factors fueling the demand for pet food in Japan. This demand is expected to grow throughout the 2014-2020 forecast period.

Companies mentioned in the research report

The pet food market in Asia Pacific is dominated by some of the major brands operating in this region as well as across the globe. Due to the brand loyalty of existing consumers, the local players are still expected to enter the market in the near future. This report profiles Procter & Gamble Co., Nestle S.A., Mars Inc., and Colgate-Palmolive Co. as the key players of the pet food market in Asia Pacific.

Asia Pacific Pet Food Market: By Pet Type

• Dog Food
• Cat Food
• Others

Asia Pacific Pet Food Market: By Food Type

• Dry Food
• Wet Food/Canned Food
• Nutritious Food
• Snacks/Treats
• Others

Asia Pacific Pet Food Market: By Country

• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Pet Food Market in Asia Pacific to reach US$10,720.0 million Propelled by Rising Disposable Incomes

Pet food is animal or plant material that is used for consumption by pets. These products are sold through a variety of distribution channels. However, these products are primarily made available in supermarkets and pet stores. The global pet food market offers specific food, which can be categorized as dog food, bird food, fish food, and cat food among others. A major proportion of the meat that is made available as pet food is not of human grade. These materials are generally byproducts of the human food processing industry.

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Increasing purchasing power, rapid urbanization, and changing lifestyle are some major factors fueling the demand for pet food in the Asia Pacific region. Apart from this, increasing preference of the population for a nuclear family has also fueled the adoption of pets in Asia Pacific. Moreover, rising awareness about pet health has further augmented the demand. Due to both these factors, the demand for nutritious pet food as compared to ordinary pet food has increased considerably in the last few years. In addition, a number of regulatory issues, rising cases of pet allergies in humans, and growing obesity among pets are some of the major factors boosting the demand for pet food in Asia Pacific.

Dog Food Segment Remains Dominant

The Asia Pacific pet food market in terms of pet type is segmented into dog food, cat food, and others. The others segment includes bird food and fish food. The dog food segment holds the most prominent chunk of the market share and is expected to swell to 61.1% by 2020. The dog food segment was nearing a valuation of US$6.0 bn by the end of 2015.

Currently, there are several kinds of dog feed available in the market, which include dry, wet or canned, nutritious, and treats. Increasing awareness about pet health is one of the major factors fueling the demand for dog food in the Asia Pacific. Moreover, changing lifestyle and rapid urbanization is also expected to boost the demand during the forecast period. Additionally, the percentage of dogs as pets has increased considerably in the region in recent past. In India, the dog population had increased to about 58.1% by 2013 and similar trend has been observed in markets of Australia, China, and South Korea.

India Emerging as Most Lucrative Market

Japan is one the major markets for pet food in Asia Pacific, and is expected remain the dominant market during the forecast period, reaching a market share of 36.5% by the end of 2020. This dominance in demand from Japan is attributed to apartment-culture, which is the most common type of domicile in Japan. Because of this, Japanese consumers tend to prefer smaller pets. Australia is second most prominent market for pet food in Asia Pacific, which is due to considerable increase in pet ownership in the country in recent years. A large number of households are switching to pets for security and recreational purposes. However, the demand for pet food is also expected to increase at a fastest rate in the countries of India and China.

The pet food market in Asia Pacific is dominated by a few major brands that operate globally, such as Mars Inc., Nestle S.A., Colgate-Palmolive Co., Procter & Gamble Co., Del Monte Foods Co., Agrolimen S.A., and Unicharm Corporation. However, stiff country-wide competition is prevalent from smaller players. For example, Purina Friskies in Japan, Whiskas in Australia, Pedigree in India, and Royal Canin in South Korea.

Growing Awareness Regarding Pet Health to Boost Demand for Pet Food in Asia Pacific, Reports TMR

The presence of a number of large-scale companies, such as Nestlé, Procter & Gamble Co., Mars Inc., and Colgate-Palmolive Co. points towards a high degree of competition within the in Asia Pacific pet food market, finds a report by Transparency Market Research (TMR). Regional pet food producers are facing great difficulties in gaining a foothold in this market due to the loyal customer base these brands have created.

The Asia Pacific market for pet food presented an opportunity worth US$9.1 bn in 2013, states the report. Analysts at TMR project this market to expand at a CAGR of 2.30% during the period from 2014 to 2020 and increase to US$10.7 bn by the end of the forecast period. In terms of volume, the market is likely to reach 803.3 kg million by 2020. Dog food registered a higher demand than other pet food in 2013. With a CAGR of 2.40% between 2014 and 2020, the segment is expected to remain dominant throughout the forecast period.

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Rising Demand for Pet Food in China and India to Affect Japan Pet Food Market

Based on the geography, the Asia Pacific pet food market has been spread across Japan, China, South Korea, Australia, India, and the Rest of Asia Pacific. Among these, Japan has surfaced as the leading consumer of pet food, thanks to the high awareness level regarding pet health.

In 2013, the country held a share of 41.1% in the overall market. However, in the near future, the demand for pet food is likely to escalate significantly in India and China, impacting the Japan pet food market negatively. The changing lifestyle of consumers is anticipated to boost the demand for pet food in China and India, which are expected to report a CAGR of 8.0% and 12.50%, respectively, between 2014 and 2020.

Increase in Awareness Levels regarding Pet Health Fuels Demand for Pet Food

“Keeping a pet and spending on its care have a cultural as well as social importance in Asia Pacific, leading to a high count of pets here,” states an analyst. Due to the growing awareness pertaining to pet health, together with the increasing disposable income of consumers, the demand for pet food in Asia Pacific has been witnessing a tremendous rise and is expected to remain increasing over the coming years.

Apart from this, the increasing palatability of pet food products, due to the intensifying competition between producers, is also attracting a significant amount of demand, leading to a remarkable growth in this market in the long term.

Growing Trend of Smaller Pets to Limit Pet Food Consumption

Although representing a bright future, the pet food market in Asia Pacific is anticipated to face quite a few hurdles during the forecast period. The main among them is the growing trend of smaller pets. As smaller pets require less amount of food, the consumption will reduce automatically, causing an adverse impact on the Asia Pacific pet food market in the near future. Other than this, stringent government rules implemented to regulate the quality of pet food are also projected to hinder the growth of this market considerably over the next few years, states the research report.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Pet Food Market - Asia Pacific Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.”

The Asia Pacific market for pet food is segmented into:

By Pet Type

• Dog Food
• Cat Food
• Others

By Food Type

• Dry Food
• Wet Food/Canned Food
• Nutritious Food
• Snacks/Treats
• Others

By Country

• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Increasing Spending Power of the Middle Class Drives Asia Pacific’s Booming Pet Food Market

Multinational companies have long aimed to the large number of Asian households and their need for various goods and services. On the basis of daily spending levels of US$2-US$20, the Asian Development Bank estimates 56% of the population could be regarded as middle class in 2002, representing a significant growth from only 21% in 1990. Thus, the proportion of middle-class spenders is rising at an unwavering pace.

With rising incomes comes the financial ability to splurge on luxuries such as pets. The pet population in Asia Pacific has been growing at a steady rate over the last decade and more, leading to pet food manufacturers increasingly looking at APAC as the market of the present and future.

With Australia and New Zealand included, where pets outnumber humans, Asia’s total pet population totaled to approximately 488 million in 2011, which makes for a whole lot of pet food. Asia Pacific makes up a significant chunk of this pet population, thanks to the growing figures in Australasia, India, and China. Additionally, with growing wealth and busy lifestyles, couples tend to have fewer children, which is another reason why pets are becoming more popular.

How is Japan a Strong Contender in Pet Food Market in Asia Pacific?

Amongst all the APAC national markets for pet food, Japan is the largest, where more and more people consider pets to be family members, which translates to more business opportunities for pet food manufacturers. With apartments becoming the most popular type of residence in Japan, dogs and cats, particularly smaller breeds, are the most popular pets.

However, it appears that the dog and cat populations in the country have reached their maximal level. In 2008, the combined dog and cat population was 24 million in Japan, which diminished to 20.7 million in 2011. This drop of almost 14% can be attributed to higher life expectancy of pets due to availability of better food and living conditions.

In general, there is less interest in ‘other’ pets in Japan. Due to alarming concerns about avian (bird) flu, the import of birds into Japan is restricted; hence, the number of pet birds, approximated at 3.7 million in 2006, dropped to 2.3 million in 2011. Although the adoption of small reptiles and small fish rose in 2010 and 2011 as compared to the late 2000s, it remains a relatively small market.

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Transparency Market Research (TMR) offers insights into what the pet food market in Asia Pacific will look like in the coming years:

• The dog food segment holds the largest market share and is estimated to reach US$6,554.2 million by 2020.
• The others segment, which includes bird food, reptiles, fish food, and other small animals will exhibit the fastest growth at a CAGR of 2.7% from 2014 to 2020.
• Ease of handling and low price account for high demand for dry pet food in Asia Pacific.
• Increasing awareness about pet health will lead the nutritious food segment to reach US$361.3 million by 2020.
• With a large proportion of the Japanese population choosing not to have children, pets are increasingly considered as a substitute, which is encouraging a “pampered pet’ industry. This accounts for Japan to become one of the largest markets for pet food in Asia Pacific.
• Changing lifestyles and growing trend of nuclear families in India is leading to higher demand for pets in India, which in turn is helping the pet food market in the country.

Pet Food Market in Asia Pacific in terms of volume is expected to reach 803.3 kg million by 2020

According to a new market report published by Transparency Market Research “Pet Food Market - Asia Pacific Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” the asia Pacific pet food market was valued at USD 9,100.0 million in 2013 which is expected to reach USD 10,720.0 million by 2020, growing at a CAGR of 2.3% from 2014 to 2020. In terms of volume the pet food market in Asia Pacific was valued at 688.6 kg million in 2013 and is expected to reach 803.3 kg million by 2020, growing at a CAGR of 2.1% from 2014 to 2020.

The pet food market in terms of pet type has been segmented into dog food, cat food and others. The dog food segment held the largest market share in the pet food market in Asia Pacific. Increasing disposable income and rising trend for nuclear family are some of the major factors fueling the demand for dog food in Asia Pacific. However, the others segment including fish food, reptile food, bird food and other small animals is one of the fastest growing segments in Asia Pacific.

In addition, the pet food market can be further segmented in terms of food type into: dry food, wet food/canned food, nutritious food, snacks/treats and others. The dry food segment held the largest market share in Asia Pacific. Ease of handling and lower prices of dry food as compared to other food types is one of the major factors fueling the demand for dry food in Asia Pacific. However, the nutritious food segment is the fastest growing segment in Asia Pacific. Increasing awareness about pet health is one of the major factors fueling the demand for nutritious food.

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The Asia Pacific pet food market is further segmented by country into China, India, Japan, Australia, South Korea and rest of Asia Pacific. Japan is one of the major markets for pet food in Asia Pacific. Increasing trend for nuclear family and demand for small pets is one of the major factors fueling the demand for pet food in Japan. However, with smaller dwelling places the pet food market in Japan is expected to experience stable growth throughout the forecast period.

However, India is the fastest growing market for pet food in Asia Pacific. Increasing demand for companionship and awareness about pet health are some of the major factors fueling the demand for pet food in India. In addition, China is having huge potential for pet food owing to increasing number of pets. China has largest population of dogs as pets globally. Owing to these factors, there is huge untapped potential in pet food market in China. The average selling price (ASP) of snacks/treats segment was the highest in Asia Pacific followed by nutritious food segment.

The pet food market is dominated mostly by major manufacturers such as Nestle S.A., Mars Inc., Procter & Gamble Co. and Colgate-Palmolive Co. among others. However, the local players are still trying to enter these markets due to brand loyalty of the consumers.

Asia Pacific Pet Food Market is Expected to Reach USD 10,720.0 Million and in terms of volume is Expected to Reach 803.3 kg Million in 2020

This market research study analyzes the Pet Food Market in Asia Pacific and provides estimates in terms of revenue (USD million) from 2014 to 2020 as well as volume in terms of kg million from 2014 to 2020. It recognizes the current market trends affecting the pet food market and analyzes their impact over the forecast period. Moreover, it also analyses the Average Selling Price (ASP) in various product segments across various countries.

The pet food market in terms of pet type has been segmented into dog food, cat food and others. The others segment includes bird food, reptile food, fish food and other small animals among others. In terms of food type the pet food market in Asia Pacific has been segmented into dry food, wet food/ canned food, nutritious food, snacks/treats and others. The others segment includes raw meat and other household products. The dog food segment held the largest market share in pet food market in Asia Pacific. Increasing population of dogs as pets and increasing trend of nuclear family are the major factors fueling the demand for dog food in Asia Pacific.

Browse full Asia Pacific Pet Food Market report at:http://www.transparencymarketresearch.com/asia-pacific-pet-food-market.html

However, the others segment including reptile food, bird food and fish food among others is the fastest growing market for pet food in Asia Pacific. The dry food segment held the largest market share in pet food market owing to ease of handling and lower prices compared to other segments. However, the nutritious food segment is the fastest growing segment for pet food in Asia Pacific. Increasing awareness about pet health is one of the major factors fueling the demand for pet food in nutritious food segment.

The Asia Pacific pet food market has been further segmented by country into China, Japan, Australia, South Korea, India and rest of Asia Pacific. Japan is one of the major countries fueling the demand for pet food in Asia Pacific. Increasing trend of nuclear family and small dwelling places are the major factors fueling the demand for pet food in Japan. However, in recent times the demand for small pets has increased considerably. However, the pet food market in Japan is expected to have stable growth in the forecast period. However, India and China are some of the major markets for pet food in Asia Pacific. India with increasing trend for nuclear family and awareness about pet health is fueling the demand for pet food in India.

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However, China is also having huge potential for pet food. China is having one of the largest pet populations globally. Increasing disposable income is also boosting the demand for pet food in China. Dog food held the largest market share for pet food in China followed by cat food in 2013. By food type, the dry food segment held the largest market share in pet food in China. However, nutritious pet food is the fastest growing segment owing to increasing awareness about pet health in China.

The report also analyzes macro economic factors influencing and inhibiting the growth of pet food market in Asia Pacific. In addition, the report also provides Average Selling Price (ASP) across all the product segments in countries analyzed in the course of research. The report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.

This report provides strategic analysis of the Asia Pacific pet food market and the growth forecast for the period 2014 to 2020. The span of the report includes competitive analysis of various market segments based on the pet type, food type and in-depth cross sectional analysis of the pet food market across different countries.

In the report, the market has been segmented by food type, pet type and by country. The study highlights current market trends and provides the forecast from 2014 to 2020. We have also covered the current market scenario for the pet food market and highlighted future trends that will affect demand. By country, the market has been segmented into China, Japan, Australia, India and rest of Asia Pacific. The present market size and forecast until 2020 have been provided in the report. In addition, the report also provides brand share of the major brands in the countries covered within the scope of research.

The report segments the Asia Pacific Pet Food Market as:

Asia Pacific Pet Food Market: By Country

China

Japan

Australia

South Korea

India

Rest of Asia Pacific

The report provides a cross-sectional analysis of all the below segments with respect to the above mentioned countries.

Asia Pacific Pet Food Market: By Pet Type

Dog Food

Cat Food

Others

Asia Pacific Pet Food Market: By Food Type

Dry Food

Wet Food/ Canned Food

Nutritious Food

Snacks/Treats

Others

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