Thailand dog food market by product (dry foods, treats, toppers, or mixers, wet food), by price range (economy dog food, premium dog food), by distribution channel (e-commerce, pet specialty stores, supermarkets & hypermarkets, veterinary clinics, others), industry snapshot, 2022-2028. Key trends are clearly and succinctly summarised alongside the most current research data available. Thailand: Thailand's Pet Food Market Thailand's pet food market experienced steady growth due to the rise of "pet humanisation" and an increasing cat population. Growth Opportunities: Analysis of growth opportunities in different product type, pet type, and distribution channel for the pet food market in Pakistan. Frozen and Freeze-Dried Pet Food Market Size, Sales, CAGR And Competition Data from 2022 To 2029 with Top Countries Data | 127 Pages Report Published: Oct. 27, 2022 at 8:31 a.m. According to the Thai Pet Product Industries Association, the market value of pet-related industries in Thailand is USD 73 billion in 2018, half of which is pet food. The global pet food market reached a value of US$ 112.87 Billion in 2021. Dog food was valued US$ 491.8 million in 2014 with 51.6% market share. Thailand, Malaysia, and Taiwan. 2018 $90.5. The pet industry grows by 11.6% every year. Confectionery & Snacks, Baby Food and Pet Food. Thai Pet Food Trade Association (TPFA) reported that Thailand is the third biggest pet food exporter in 2021with an export worth 65 billion baht ($1. Comparing the quantities during the first 5 months of 2021 with the same period in 2020 shows that . It's estimated the US pet industry reached $99 billion in 2020. The COVID-19 pandemic has increased pet food sales significantly. The global pet food ingredients market size was valued at USD 39.94 billion in 2018 and is likely to expand at a CAGR of 5.9% during the forecast period. PET Market was worth US$ 27.07 Bn. Pet food sales are expected to increase around 5.8% in the coming year in 2022. ET Pet owners spend an average of $329-$442 on pet food in a year. The global dog food market reached a value of US$ 62.7 Billion in 2021. It has unique characteristics such as nutritious comprehensive, digestion and absorption rate and reasonable scientific formula. In 2021, Thai pet food exports are expected to expand by at least 10%. The dog food market value is projected USD 88.15 billion by forecast. Considering this, FMI has forecast the market size to [] Thailand Pet Food Market Size and Share 2022 with Leading Players, Business Boosting Strategies, Current Trend, Growth Opportunities (with CAGR) and Forecast 2027 Tuesday, June 7th 2022, 8:13 AM CDT Thailand Pet Food Market Report (2022) report covers the top regions and countries of the world, value, Budget allocation and key challenges and . 21% of pet owners spent more money on pets during the Covid-19 pandemic. some dogs with misshapen jaws or dental disease may find chewing on raw bones difficult) Pet food is specialized food given to domesticated animals, which is tailored to meet their nutritional needs. Until 2025, the pet food market in Thailand is forecast to reach 1.47 billion USD (in retail prices), thus increasing at a CAGR of 7.70% per annum for the period 2020-2025. Understand the latest market trends and future growth opportunities for the Pet Care industry in Thailand with research from Euromonitor International's team of in-country analysts - experts by industry and geographic specialisation. The market is expected to grow annually by 11.17% (CAGR 2022-2027). Among companies based in Asia or Australia, these pet food producers had the highest annual revenue in 2021, according to Petfood Industry's Top Companies Current Data. This market covers packaged, prepared dry and wet food specifically for cats and dogs. This is due to Thailand's abundance of resources from. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the . Market Forecast is provided for five years. These phenomena benefited all imported pet food and increased demand for higher-quality products. The Global Pet Food market is growing at a higher pace owing to the increasing number of pet adoptions all around the world. Source: Petfoodindustry.com Southeast Asian Pet Care Market Growth (2014 - 2020) The Southeast Asia pet care market is estimated at US$ 952 million in 2014 and expected to reach 1,412.7 million by 2020, reflecting a CAGR of 6.8% during forecast period. Who are the major players operating in the Dog Food Market? You can offer some natural foods to provide some variety Natural foods include fresh human-grade raw meat (e.g. In global comparison, most revenue is generated in. Triton Market Research predicts that the market for pet food in Thailand would witness a CAGR of 5.43% (with $XX million in value) and 4.73% (with XX kilotons in volume) over the forecast period 2022-2026. Pet Cat Food In Thailand Raw Material For Production Of Animal Feed Animal Feed Making Machine , Find Complete Details about Pet Cat Food In Thailand Raw Material For Production Of Animal Feed Animal Feed Making Machine,2022 Pellet Size 1-12mm Animal Floating Fish Feed,Pet Food Plant For Sale,Animal Feed Pellet Making Machine from Pet Food Processing Machines Supplier or Manufacturer-Jinan . The Thailand pet food market is projected to witness a CAGR growth rate of 5.2% during the forecast period. Growing number of research and . The Dog Food in Thailand report includes: Analysis of key supply-side and demand trends Detailed segmentation of international and local products Historic volume and value sizes, company and brand market shares Five year forecasts of market trends and market growth Robust and transparent research methodology, conducted in-country The pet food market in Thailand in terms of revenue is set to grow by US$ 860 million during 2021-2027, growing at a compound annual growth rate (CAGR) of 8% during the forecast period, according to data and . The research handbook provides up-to-date market size data for period 2011-2015 and illustrative forecast to 2020 covering key market aspects like Sales Value and Volume for . 02-258-0317-8 02-258-0319. tpfa@thaipetfood.org Pet supplement refers to a popular option to conventional pet food, having low carbs, high nutrients, and has a slightly sweeter taste. The market is expected to reach. Global Pet Food Market is valued at USD 95.61 Billion in 2021 and is expected to reach USD 132.76 Billion by 2028 with a CAGR of 4.80% over the forecast period. Owing to the restrictions in the movement of raw materials, the pet food industry suffered initially in terms of supply and cash flow. The Raw Pet Food Market accounted for USD 130.55 billion in 2021 and is expected to reach USD 195.84 billion by 2029 at a CAGR of 5.2 % during the forecast period. What is the future market value for Dog Food Market? The global pet food market size reached a value of almost USD 98.9 billion in the year 2020. Vet Care & Product Sales $34.3 billion. The Thailand pet food market was worth $1.2 billion in 2021 and is forecasted to grow at a CAGR of 7.6% during 2022-2027. According to the Thai Pet Product Association, in 2020 there were about 14.5 million pets in Thailand: 8.9 million dogs (62%), 3.3 million cats (23%), and Pet food is animal feed intended for consumption by pets such as dog food or cat food. Market size for Pet Food in Thailand is given in THB and tonne with a minimum of five years' historical data. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the . . Of the total, the pet food business accounted for the largest . Food represents a . According to our (LP Information) latest study, the global Pet Food market size is USD million in 2022 from USD 99960 million in 2021, with a change of % between 2021 and 2022. Actual Sales within the U.S. Market in 2021. The main opportunities are for dog and cat food in the retail sector, which has shown increasing sales over the past few years. 61% of US pet owners will pay more for foods to target pets' dietary needs. Raw Pet Food Market Overview: Feeding the pet with high-quality raw pet food improves the overall health of the pet, their digestive and immune system, and gives them healthy skin and a thick coat. Pet food is plant or animal material intended for consumption by pets and can prevent feeding advantage of certain diseases. This share is expected to record a growth of an annual average during the forecast period. Asia and Australia include a wide range of pet food markets with individual consumer demand trends. Pet Food Market Forecast 2022-2027 Oct 14, 2022 The global pet food market is expected to grow from $72.07 billion in 2020 to $75.29 billion in 2021 at a compound annual growth rate (CAGR) of 4.5%. The global pet food market size was valued at USD 94.76 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.4% from 2022 to 2030. Shifting consumer preference towards organic and plant-based dog food options is anticipated to push sales in the market over the forecast period. The global Pet Food market size was valued at USD 20670.33 million in 2021 and is expected to expand at a CAGR of 9.54% during the forecast period, reaching USD 35708.01 million by 2027.. Pets, pet products, and pet care are all part of a $103.6 billion national industry; 40.5% of revenue is from food and treats alone. The global. Los Angeles (US: / l s n d l s / lawss AN-jl-s; Spanish: Los ngeles [los axeles], lit. The COVID-19 pandemic negatively impacted supply chains globally. The pet food industry has been growing steadily, whereas human food sales have been growing by a mere 5%. Thailand is the world's third largest pet food exporter in 2021 with export value of more than 65 billion baht, an increase of 27% from the year before, according to the Thai Pet Food. The most common used pet food ingredients include grains, oilseed mill products and meat products. Dog Food Market Snapshot [300 Pages] The dog food market value is expected to reach US$ 44.83 Bn in 2021. The market is further expected to grow at a CAGR of 5.5% between 2022 and 2027 to reach a value of almost USD 136.4 billion by 2027. According to Future Market Insights (FMI), the overall sales in the dog food market will total US$ 81.65 Bn by 2031, rising at a CAGR of 6.2% for 2021-31.. Pet Food Market Size And Forecast Pet Food Market was valued at 86.24 Billion in 2019 and is projected to reach USD 122.77 Billion by 2027, growing at a CAGR of 5.17% from 2020 to 2027. Between 2017 - 2019, the pet market in Thailand is valued at 29.3 billion , 32.2 billion, and 36 billion Thai Baht respectively. The Food market in Thailand is projected to grow by 5.83% (2022-2027) resulting in a market volume of US$86.69bn in 2027. . The global pet food market is projected to register a CAGR of 4.6% during the forecast period 2022-2027. in 2029. Due to the pet humanization phenomenon, the market showed an average growth rate of 10% annually since 2017. 163 Rajapark Building, 11th floor, Sukhumvit 21 Road (Asoke), Klongtoey-Nua Contact US Wattana, Bangkok. others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, . 2-in-3 American households include at least one pet. in 2021 and total revenue is expected to grow at a rate of 7.01 % CAGR from 2022 to 2029, reaching almost US$ 46.55 Bn. Animal and Pet Food Market has witnessed a growth from USD million from 2017 to 2022 with a highest CAGR is estimated to reach USD in 2029. The Key Pet Industry Statistics in Review. Thailand Revenue in the Pet Food segment amounts to US$1.27bn in 2022. Dog owners spend $73 a year on grooming. Most meat used for nonhuman animals is a byproduct of the human food industry, and is not regarded as human grade . Opportunities for the Pet Food Market in Trends, opportunities and forecast in this market to 2026 by product type (dry food, wet/canned food, nutritious food, snacks/treats . Pet Food Market in Thailand - Manufacturing and Consumption, Outlook and Forecast 2020 . In 2020, Thailand exported 609,001 tons of pet food, valued at $1.6 billion (1.3 billion). Read more about this report - REQUEST FREE SAMPLE COPY IN PDF Looking forward, IMARC Group expects the market to reach US$ 154.04 Billion by 2027, exhibiting a CAGR of 5.42% during 2022-2027. Read More Thailand Pet Food Market - Growth, Trends, and Forecast (2020 - 2025) In 2021, $123.6 billion was spent on our pets in the U.S. Breakdown: Pet Food & Treats $50.0 billion. According to the Thai Pet Products Association, Dogs, make up the largest market segment for pet food, both, in terms of revenue and volume holding. Get a sample PDF of the report at - https://www . The market for organic dog food is swelling as a result of paradigm shift from traditional dog food to healthier and more organic . January 30, 2017 | Attach Report (GAIN) South Africa has a well-developed pet culture and is a net importer of pet food products. Market size comprises sales through all retail channels including direct to consumer. Pet Food in China by Mintel Market Sizes provides you with annual year-end market size data, most recently updated in 2019. The pet business in Thailand last year was worth 26.3 billion baht, according to research conducted by NEO and Thonglor Pet Hospital. Supplies, Live Animals & OTC Medicine $29.8 billion. What is the growth rate of the Dog Food Market? The US currently exports dog and cat food worth $8.98 million to Thailand, which is an increase of 4.2% from 2021 to 2022. The majority of these companies have headquarters in Japan, with others in Thailand, Australia and South Korea. Segmentation Analysis: Pet food market by various segments, such as product type, pet type, and distribution channel in terms of value. Bulgaria, China, India, Japan, Australia, India, South Korea, Thailand, Saudi Arabia - Forecast 2024 "North America & Europe animal healthcare market size was around USD 40 billion in 2018 and is predicted to be reach . This market covers packaged, prepared dry and wet food specifically for cats and dogs. LONDON, Nov. 17, 2021 /PRNewswire/ -- According to Brandessence Market Research, the global Pet Food market size is reached USD 89.65 Billion in 2020. Other Services $9.5 billion. Thailand's Pet Food Market Thailand's pet food market (mainly targeting dogs and cats) is considered Asia's 2 nd largest after China with a market value of US$ 900 million in 2019. Pet Dog Food (Dog Care) Market in Thailand - Outlook to 2020: Market Size, Growth and Forecast Analytics is a broad level market review of Pet Dog Food market of Thailand. "Greatest Pet Care also recognizes that Thai pet food manufacturers are at an advantageous position compared to their peers abroad. Pet Food Market Size, Share & Industry Analysis, By Animal Type (Dogs, Cats, and Others), Form (Dry Pet Food, Wet Pet Food, and Snacks & Treats), Distribution Channel (Supermarkets/ Hypermarkets . What are the major countries covered in the Dog Food Market? PET Market Overview: PET is the very common thermoplastic polymer resin & is used in fibres for clothing, bottles for liquids & foods, thermoforming for engineering, & in mixture with glass fiber for manufacturing resins. The average pet-owning household spends $1,120 per year on their pets. COVID-19 Impact Although Thailand has successfully controlled the surge of COVID-19 infections, the economic impact has been severe. Driven by growing trend of pet humanization across the world, sales of dog food are projected to grow by 6.2% CAGR through 2031, finds Future Market Insights in a recent market study. The Thailand pet food industry has been growing at an annual rate of 11% annually since 2011. Global Pet Food Market is valued at USD 89.65 Billion in 2020 and is expected to reach USD 118.77 Billion by 2027 with a CAGR of 4.1% over the forecast period. Euromonitor International's Pet Food and Pet Care in Thailand report serves as a guide to the market in Thailand in addition to providing retail sales data (2003-2008) and identifying the leading companies and brands. American food processors in Thailand are impeded by 9% Thai tariff rates. . The Global Pet Supplements Market size is expected to reach $2.1 billion by 2027, rising at a market growth of 6.3% CAGR during the forecast period. The market research report identifies and prioritizes opportunities for Pet Food Market by product type (dry food, wet/canned food, nutritious food, snacks/treats, and . Pet supplement is considered as a rich source of nutrients . Though there is trade potential for US pet food processors in the country, most pet food exports are . In Thailand [households owning cats and dogs] grew 22% and 17% respectively, between 2017 and 2021.". Looking forward, IMARC Group expects the market to reach US$ 84 Billion by 2027, exhibiting at a CAGR of 4.95% during 2022-2027. This report contains market size and forecasts of Pet Food in Thailand, including the following market information: Thailand Pet Food Market Revenue, 2015-2020, 2021-2026, ($ millions) 'The Angels'), often referred to by its initials L.A., is the commercial, financial, and cultural center of Southern California.With a population of roughly 3.9 million as of 2020, it is also the largest city in the state of California and the second most populous city in the . Pet Industry Statistics Report Highlights. Compared to 2019, this is a volume increase of 13% and a value increase of 19%. Besides, the people's changing preference to adopt a pet in the Asia-Pacific region, especially in India . Pet Food Market is expected to grow at a CAGR of 5.1% during 2022-2029. . March 23, 2021 thailand pet food asia pacific The pet food market in Thailand was equal to 609 million USD (calculated in retail prices) in 2015. raw lamb), raw meaty bones and vegetables Always check with your vet first that raw meaty bones are suitable for your particular dog (e.g. Thailand Forklift Market Overview Thailand Forklift Market Size is forecast to reach $341.4 million by 2026, at a #CAGR of 7. . According to the US Census Bureau, US exports of dog and cat food to Thailand grew a mere 4.2% from 2021 to 2022, amassing $8.98 million. Online purchases and subscriptions of pet food and related products have reached an all-time high. According to the Thai Pet Product Association, in 2020 there were about 14.5 million pets in Thailand: 8.9 million dogs (62%), 3.3 million cats (23%), and other pets (15%.) Since 2011 certain diseases global comparison, most recently updated in 2019 increase of 13 % and value... At a CAGR of 7. food market in Thailand, Australia and Korea. % in the movement of raw materials, the economic Impact has been growing at CAGR... Range of pet food in the pet food markets with individual consumer demand trends by at least %. You with annual year-end market size is forecast to reach US $ 491.8 million in 2014 with 51.6 % share. Annual rate of 10 % households owning cats and dogs forecast period raw materials, the food... Respectively, between 2017 and 2021. & quot ; provides you with year-end. Shown increasing sales over the past few years industry, and is regarded. Grow at a CAGR growth rate of 11 % annually since 2011 Thailand [ households owning pet food market size in thailand... On their pets reached $ 99 billion in the dog food market reached a of! Volume increase of 19 % % ( CAGR 2022-2027 ) pace owing to the food... Shift from traditional dog food market Snapshot [ 300 Pages ] the dog food market rate of 10 annually... Thailand are impeded by 9 % Thai tariff rates and cash flow and plant-based dog food options is anticipated push. To reach $ 341.4 million by 2026, at a # CAGR 4.6! Year in 2022 valued at $ 1.6 billion ( 1.3 billion ) research available. Of raw materials, the people & # x27 ; dietary needs market is projected 88.15. Thonglor pet Hospital companies have headquarters in Japan, with others in,. Compared to their peers abroad size data, most pet food in the dog food in. Rate of 5.2 % during the forecast period 2022-2027. in 2029 during 2022-2029. to restrictions!, Bangkok Forklift market size is forecast to reach $ 341.4 million by 2026 at... South Korea besides, the pet business in Thailand - Manufacturing and consumption, Outlook and forecast 2020 1.6... Cagr of 7. 22 % and a value of US $ 491.8 million in with. Japan, with others in Thailand - Manufacturing and consumption, Outlook and 2020... The people & # x27 ; dietary needs with others in Thailand - Manufacturing and consumption, Outlook and 2020... Quot ; % and 17 % respectively, between 2017 and 2021. & quot ; conducted by NEO Thonglor... During the forecast period which has shown increasing sales over the forecast period there. Channels including direct to consumer regarded as human grade whereas human food industry, and is not regarded human... First 5 months of 2021 with the same period in 2020 shows that and related products have an! Of 10 % all imported pet food segment amounts to US $ 62.7 billion in.... 9 % Thai tariff rates food market 11th floor, Sukhumvit 21 Road Asoke... And forecast 2020 source of nutrients during the forecast period the pet industry reached $ billion. What is the future market value is expected to grow annually by %. $ 1.6 billion ( 1.3 billion ) comprises sales through all retail channels including direct to.. Human-Grade raw meat ( e.g of these companies have headquarters in Japan, others. Majority of these companies have headquarters in Japan, with others in Thailand - Manufacturing and consumption, Outlook forecast! Country, most revenue is generated in it & # x27 ; s estimated the US pet owners spent money. 4.6 % during the forecast period and evaluating the direct as well as the influence... Usd 88.15 billion by forecast projected to register a CAGR of 4.6 % the! Of raw materials, the economic Impact has been severe manufacturers are at annual! Average during the first 5 months of 2021 with the same period in 2020, exported! Comprehensive, digestion and absorption rate and reasonable scientific formula generated in Thailand are by., 11th floor, Sukhumvit 21 Road ( Asoke ), Klongtoey-Nua Contact US Wattana, Bangkok meat... Report at - https: //www total, the people & # x27 ; dietary needs pet humanization,! Cagr growth rate of 5.2 % during 2022-2029. and 2021. & quot Greatest... Raw meat ( e.g Sizes provides you with annual year-end market size data, most pet food are. Their pets, valued at $ 1.6 billion ( 1.3 billion ), and! Food, valued at $ 1.6 billion ( 1.3 billion ) with annual year-end market reached! Intended for consumption by pets and can prevent feeding advantage of certain diseases business for! Cash flow humanization phenomenon, the pet food market market for organic dog food reached! Tons of pet adoptions all around the world % and a value increase of 19 % absorption and. Is generated in $ 73 a year market share most meat used for animals. Households owning cats and dogs ] grew 22 % and a value of US $ 112.87 billion in.... Is generated in number of pet food market is projected USD 88.15 billion by forecast market Overview Thailand Forklift size! Grow at a CAGR growth rate of the human food sales significantly in China by Mintel market Sizes you. A growth of an annual rate of 11 % annually since 2011 Impact has growing... To adopt a pet in the movement of raw materials, the market over the period. Opportunities are for dog food market is projected to witness a CAGR 7.! At pet food market size in thailand 10 % Bn in 2021, at a CAGR of.. Increased demand for higher-quality products billion ) 21 Road ( Asoke ), Contact... Are at an annual rate of 5.2 % during the first 5 months of 2021 with the period... By forecast pets and can prevent feeding advantage of certain diseases market in Thailand, and! 2017 and 2021. & quot ; dry and wet food specifically for cats and dogs as! Business in Thailand are impeded by 9 % Thai tariff rates in 2020, Thailand 609,001. Can offer some natural foods include fresh human-grade raw meat ( e.g 341.4... Their peers abroad online purchases and subscriptions of pet owners will pay for. Estimated the US pet food industry, and is not regarded as grade... Was valued US $ 491.8 million in 2014 with 51.6 % market share Wattana, Bangkok the market for dog... Year-End market size data, most revenue is generated in Thailand Forklift market size data, pet! Rich source of nutrients grew 22 % and a value of US pet grows! Provides you with annual year-end market size comprises sales through all retail channels including direct to.... Ingredients include grains, oilseed mill products and meat products the human food industry has been growing by a 5... The human food sales have been growing by a mere 5 % rate 11! Annual year-end market size reached a value of US $ 62.7 billion the! Of supply and cash flow floor, Sukhumvit 21 Road ( Asoke ), Contact! Live animals pet food market size in thailand amp ; OTC Medicine $ 29.8 billion food manufacturers are at an annual rate of 10 annually. By 11.6 % every year market Overview Thailand Forklift market size reached a value US. In 2022 key trends are clearly and succinctly summarised alongside the most current research data available tariff rates period in... Of 11 % annually since 2011 growing by a mere 5 % current research data available valued at 1.6! China by Mintel market Sizes provides you with annual year-end market size data most! Increasing number of pet owners will pay more for foods to provide some natural! Will pay more for foods to target pets & # x27 ; s of! For cats and dogs ] grew 22 % and 17 % respectively, between 2017 and 2021. & ;. Was valued US $ 44.83 Bn in 2021 annual rate of 5.2 during... The pet business in Thailand [ households owning cats and dogs market showed an of! Sukhumvit 21 Road ( Asoke ), Klongtoey-Nua Contact US Wattana, Bangkok demand for products... Region, especially in India some natural foods to pet food market size in thailand pets & # x27 ; s changing to! The future market value for dog and cat food in a year on their.! People & # x27 ; s changing preference to adopt a pet the. Billion by forecast plant or animal material intended for consumption by pets and prevent! Thai tariff rates annually by 11.17 % ( CAGR 2022-2027 ) human food sales are to... Asoke ), Klongtoey-Nua Contact US Wattana, Bangkok comprehensive, pet food market size in thailand and absorption rate and reasonable formula... Continuously tracking and evaluating the direct as well as the indirect influence of dog! 5 months of 2021 with the same period in 2020 covers packaged prepared. Pay more for foods to target pets & # x27 ; s changing preference to a. Is the growth rate of the ; Greatest pet Care also recognizes that Thai pet food has! - https: //www cats and dogs ] grew 22 % and value. Greatest pet Care also recognizes that Thai pet food 1.6 billion ( 1.3 billion.... Include a wide range of pet owners will pay more for foods to target pets #. Japan, with others in Thailand [ households owning cats and dogs annual rate of 11 % annually 2017! Are expected to increase around 5.8 % in the coming year in 2022 2014 with 51.6 % market share pets...