Asia-Pacific Pet Food Market by Ingredient, Animal Type and by Region

According to the report “Asia-Pacific Pet Food Market,” published by Market Data Forecast, the global market is projected to reach USD 23.76 billion by 2021 from USD 16.61 billion in 2016, at a CAGR of 7.42% from 2016 to 2021.

Differences between human foods and pet foods are shrinking rapidly. Pet foods are now being formulated to address concerns near and dear to humans, including organic and non-GMO ingredients, “free from” options, and low-carb recipes. As in the human-food industry, interest in clean labelling continues to grow in pet food.

Vitamin- and mineral-related claims are the most popular of active health claims for pet food (used on over 23% of global launches). The next most popular claims are digestive- or gut-health claims, used on 22% of global launches and addressing issues such as sensitive stomachs in dogs and also fur ball/hairball problems in cats. Probiotic and prebiotic ingredients are popularly marketed for these conditions. Omega-3 fatty acids are also popular in the pet-food market, included in just over 15% of global launches. Skin health is also a popular market, with over 14% of global introductions featuring claims related to skin health.

Allergy-related claims are also very popular. There has been a strong rise in gluten-free and grain-free formulations for both dogs and cats. More than one-fifth of global launches were gluten-free, and nearly a quarter of dog-food launches alone were gluten-free.

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Asia-Pacific Pet Food Market: Drivers & Restraints
Awareness of benefits of high quality pet food, increase in pet population, and concern for the health of pets due to the rise in trend of pet humanization and increase in palatability of pet food are the factors which have resulted in the growth of pet food ingredients market. But strict regulation of the government on the costs of raw materials and feed products can hinder the market growth.

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Asia-Pacific Pet Food market: Segmentation
By ingredient type
• Animal Derivatives
• Fish derivatives
• Fruits & Vegetables
• Cereals & Cereal by-products
• Fats & Oils
• Vitamins & Minerals
• Additives

By animal type
• Dog
• Cat
• Bird
• Other animals

From simple data collation through secondary and primary research toad-hoc research requests relating to specific information, we provide our services via customization.

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Asia-Pacific Pet Food market: Overview
The pet food market is driven by factors such as rising trend of nuclear families, rapid humanization of pets, and increased awareness about pet health. In addition, increase in ownership of pets in developing nations and rise in e-commerce sales offer opportunities for the pet food market players. However, increasing concerns about pet obesity and pet food recalls by companies hamper the growth of the global pet food market.

The government of various countries have taken initiatives to promote the use of safe and healthy ingredients to improve the overall wellness of pets. For instance, the Japanese Government implemented the Law for Ensuring the Safety of Pet Food (Law No. 83 of 2008) for pet food manufacturers, importers, and wholesalers to protect the pet health and regulate the manufacturing process. Such initiatives would continue to propel the overall pet food market size.

The demand for transparency during purchasing of pet food products has increased among consumers, owing to the ongoing concerns about pet health. Therefore, the Food and Drug Administration (FDA) ensures that the ingredients used in pet foods are enlisted on the labels based on weight. In addition, it assesses claims on pet foods such as “maintains urinary tract health,” “low magnesium,” and “hairball control.”

Asia-Pacific Pet Food market: Region-wise Outlook
Geographically Asia-Pacific market for is Pet Food is segmented into China, India, Japan, South Korea, and Australia. Japan has the largest market share within the region. In India, dogs are more popular pets than other animals like cats, birds, fish, etc. This creates a significant opportunity for the pet food companies to come up with a wide range of food products for dogs.

Key Questions Answered

• What is the current and future Pet Food market outlook in Asia-Pacific? What trends are affecting the Asia-Pacific market?

• What is the competitive landscape and market share of major players in the Pet Food space in Asia-Pacific region?

• What are the key, high growth markets that Pet Food should expand into? Which market segments are growing the fastest?

• What are the unmet needs with the Pet Food manufacturers currently on the market? How will emerging technologies fulfil these unmet needs?

• What is physician perception and market outlook regarding Pet Food?

• What are the challenges and barriers that have hindered widespread adoption of Pet Food?

Asia-Pacific Pet Food market: Key Players
The Asia-Pacific pet food industry is highly concentrated with ten major players together accounting for more than 50% of the market share and remaining market share distributed among the large number of small manufactures. Mars, Inc., Del Monte Foods, Hills Pet Nutrition, INC, Unicharm Corporation, Nippon Formula Feed Manufacturing Company LTD, Pet Center, Incorporated (PCI), Nestle Purina Pet Care, Nisshin Saifun Group INC. Natural Dog Food Company, Halo, Purely for Pets, Marukan CO. LTD., Nutrena, and Spectrum Brands, INC. are the major companies in the market.

Reasons to buy Asia-Pacific Pet Food market Report:

•Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering

• Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail

•Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

•Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses

•A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment

•Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

•Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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