ASIA-PACIFIC PET FOOD MARKET FORECAST 2023-2032

The Asia-Pacific pet food market growth analysis includes the assessment of Indonesia, India, Australia & New Zealand, South Korea, Thailand, Taiwan, Japan, China, and Rest of Asia-Pacific. In China, pet care is projected to offer growth opportunities with growing healthcare and nutrition priorities. Also, pet product producers are providing one-stop solutions. In addition, eminent market players from other industries, like consumer appliances and snacks, are targeting pet care. This is estimated to add variety to the pet care market with innovative products and business models. Besides, the 2018 pet food regulations are set to revolutionize domestic brands. Additionally, quality products from domestic players are increasingly accepted by consumers in the country. 

Further, e-commerce is the largest channel in China with regard to pet care. The e-commerce segment’s growth is benefited from the decreasing share of offline channels due to the moving away of traditional non-grocery markets from city centers, given the hygiene issues and rent pressures. Besides, online platforms have witnessed robust growth in pet care sales, encompassing established retailers like JD and Tmall and third-party delivery services providers like Eleme and Meituan that offer instant delivery. Moreover, companies are increasingly participating in sales promotion and online branding through short videos and live streaming. For instance, Royal Canin held a live streaming on JD to share pet-raising knowledge and offer coupons. 

Further, veterinary clinics and pet shops were the most popular channels in the India pet food market. This is attributed to a growing number of consumers preferring the specialized nature of these outlets that provide a vast range of pet care products, including premium ranges. Besides, consumers visit pet shops to learn more about the optimal ways of pet care and address health issues in addition to purchases. Additionally, several domestic pet care brands have expanded their online presence and e-commerce options since the pandemic. Moreover, organic products made from natural ingredients are gaining prominence in the Indian market due to shifting preferences. Such factors drive market growth in these countries. 

The Asia-Pacific pet food market segmentation includes food type, distribution channel, and animal type. The animal type segment includes cat, dog, and other animal types. 

Food formulated for consumption by dogs and other canines comes under dog food. Dogs are omnivores with a carnivorous bias. With sharp, pointed teeth and shorter gastrointestinal tracts, they are better suited for meat consumption than vegetables. Nevertheless, they have 10 genes responsible for glucose and starch digestion and the ability to produce the enzyme amylase that breaks down carbohydrates into simple sugars. 

However, commercial dog foods comprise materials considered undesirable or unusable. The less expensive dog foods include more animal byproducts and grain fillers than meat and are thus under scrutiny among proponents of a natural diet. Whereas expensive dog foods contain free-range meats or ingredients suitable for organic products. For instance, lamb meal is a popular ingredient. 

Some of the leading market players in the Asia-Pacific pet food market are Spectrum Brand Holdings Inc, Nestle Purina Petcare Ltd, Unicharm Corporation, Vitakraft Pet Care GmbH & Co Kg, etc.

Unicharm Corporation provides health care products. The company’s operations are categorized into clean & fresh and pet care, baby and child care, healthcare, and feminine care. The company has R&D and manufacturing units in Japan, with sales offices worldwide, and headquarters in Tokyo, Japan.

The company’s dog pet food portfolio includes Best Balance, Silver Plate, Aiken Genki, etc.