Southeast Asia Pet Care Market to Grow at a CAGR of 6.8% from 2014 to 2020
FMI analyst P.S. Neha sheds light on why the SEA pet care market will become one of the major markets in the region in the near future: “Growth of the pet care market across Southeast Asia is driven by increasing adoption and humanization of pets. Pet owners are now more inclined towards more nutritious, healthy and organic foods for their pets.”
By type, the overall SEA pet care market is segmented into dog food, cat food, pet products and others. Dog food is the major segment in this region, accounting for a 51.6% share of the market in 2014; however, this is expected to decrease by 30 BPS by 2020.
View and Download TOC of Southeast Asia Pet Care Market Research Report@ https://www.futuremarketinsights.com/reports/southeast-asia-pet-care-market/toc
This report also covers the pet care market by category and by channel. On the basis of channel, the market is segmented into supermarket, pet shop, veterinary clinic and others. The supermarket segment is the leading distribution channel in the SEA pet care market. However, veterinary clinics are anticipated to exhibit the fastest CAGR at 7.1%, followed by supermarket at a 6.8% CAGR during the forecast period. This growth is attributed to a shift in consumer buying habits and an increasing inclination of pet owners to purchase health and wellness products from reliable sources such as veterinary clinics.
Furthermore, by category, the market includes economy-priced, mid-priced and premium-priced products.
Improving consumer lifestyles and increasing disposable income in Southeast Asian countries has resulted in a growing acceptance for pets, not only among the high-income group, but also the middle-income group. In 2014, Thailand was the dominant country in the overall Southeast Asia pet care market with a 43.62% share, followed by Malaysia and Indonesia, accounting for 21.74% and 15.47% respectively.
Request and Download Sample Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-45
The pet care market in the Philippines is expected to register a significant CAGR of 8.4%. This is expected to be followed by Vietnam at a CAGR of 8.0% during the forecast period.
Innovation remains the key to gaining a competitive edge in the SEA pet care market, especially in the pet food category. Companies such as Nestlé Purina, Zoetis, Mars, Inc. and Merck & Co., account for over 50% of the overall market share and constantly focus on mergers and acquisitions to expand their geographical presence and customer base.
Buy Full Southeast Asia Pet Care Market Report@ https://www.futuremarketinsights.com/checkout/45
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Southeast Asia Pet Care Market to Grow at a CAGR of 6.8% from 2014 to 2020 here
News-ID: 736624 • Views: 85
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Southeast
Southeast Asia Tyre Market (2018-2024)
Increase in vehicle sales coupled with growing consumer spending has propelled the demand for tyre market in the South East Asia region during the past five years. Further, the tyre market is expected to register a healthy growth due to an increase in demand for luxury passenger vehicles which would drive during 2018-24. In addition, government plans such as Malaysia's Industry 4.0, Indonesia vision 2045, Philippines vision 2040 and Vietnam
Food Emulsifier Market - Southeast Asia Industry Analysis 2021
Leading market intelligence company Transparency Market Research has announced the publication of a new market research report on the Southeast Asia food emulsifier market. Titled ‘Food Emulsifier Market - Southeast Asia Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021’, the report profiles the historical trajectory exhibited by the Southeast Asia food emulsifier market and presents projections for the market’s growth in the given forecast period. Obtain Report Details
RAPID Exhibiting at the Southeast Design-2-Part Show
RAPID will be making their second appearance at the Southeast Design-2-Part Show 2017. The company will be located in booth 140. RAPID has been exhibiting at Design-2-Part shows for many years and added the Southeast show to the schedule last year. The goal of the tradeshow is to engage with our customers in the Southeast market including Georgia, Florida, and the Carolinas, and showcase new RAPID services. Two new services
Opportunities For Cheese Innovation In Southeast Asia
Summary There is great growth potential for cheese in Southeast Asia. Rapid urbanization, greater travel, and an influx of Western expatriates are creating greater exposure to other cultures and international cuisines, which is an important driver for cheese innovation in the region. There is greater awareness and penetration of milder cheeses like cheddar and mozzarella, due to their versatility for home cooking and immediate consumption, and availability through Western foodservice offerings
B2C E-commerce Booming Across Southeast Asia
B2C E-Commerce trends and developments in the emerging markets of Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam were highlighted in a new report by secondary market research firm yStats.com, titled “Southeast Asia B2C E-Commerce Market 2015”. In this new publication, the Germany-based specialist in B2C E-Commerce and online payment market intelligence reports on the current state and the potential of online retail in Southeast Asia. B2C E-Commerce in Southeast Asia has
AlphaStaff Expands it Southeast Presence
Fort Lauderdale, Fla. - October 18, 2011 -- AlphaStaff Group, Inc. (“AlphaStaff”), one of the nation’s largest professional employer organizations (PEO), and the only national PEO to work exclusively in partnership with insurance brokers, is expanding in the Texas market. AlphaStaff entered the Texas market in 2006 and has recently hired several new professionals to fill their growing client demand. The company has brought on board two Human Resource Managers who