Australia Pet Food Market to Reach $ 2.9 billion by 2025

With increasing pet ownership and urbanization, pet owners are encouraged to opt for high-quality and healthy food for their pets, which is boosting market growth until 2025

According to TechSci Research report, “Australia Pet Food Market By Type, By Food Type, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2025”, Australia pet food market is forecast to cross $ 2.9 billion by 2025. Anticipated growth in the market can be attributed to increasing pet ownership with more and more households adopting dogs, cats, and other animals for different purposes, such as security and leisure, which in turn drives the country’s pet food. Furthermore, increasing number of old-age couples and DINK (Dual Income, No Kid) families, and rising disposable income are the major factors driving pet adoption in the country.

Browse 17 market data Figures spread through 70 Pages and an in-depth TOC on"Australia Pet Food Market"

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Based on Pet Type, market is segmented into Dogs, Cats, Fishes, and Others (Birds, Small mammals, etc.). Among these, Dogs segment held the largest share of Australia pet food market. In Australia, people tend to keep dogs as pets rather than cats and other animals. Cat, on the other hand, is a more popular pet among affluent class people in the country. Nevertheless, the population of pet fish is also increasing as people are moving into smaller houses and high-rise apartments due to increasing urbanization. Since keeping a large pet like dog or cat as pet in smaller dwellings in not feasible, the adoption of fish as pet is also increasing among pet enthusiasts in the country. In addition, the fact that fish occupy very less space and their maintenance is cheaper is also leading to higher adoption among Australians, thereby driving the demand for fish food in the country.

Based on Food Type, market is segmented into Dry, Wet, and Others. Dry Pet food leads the Australia pet food market, since dry pet foods have lower moisture content than other pet foods and can be used in a variety of food types depending on the companion animal. Based on Distribution Channel, market is further categorized into Supermarkets, Pets Stores/Specialty Stores, Butcher, and Online. ‘Supermarket’ segment dominated Australia pet food market and will continue to lead during forecast period as Supermarkets usually provide mainstream brands, which can often prove to be more competitive in terms of price as well as quality. Niche or specialty products are mostly only available from individual pet supplies stores or veterinarian offices. The sale of pet food items via online channels is expected to strengthen the country’s pet food market in the coming years due to the growing inclination of millennials towards online purchases. The high level of convenience offered by online platforms such as doorstep delivery along with the growing partnerships of the pet food industry players with e-commerce retailers, is expected to further accelerate the growth of the segment in the coming years.

In terms of regional analysis, Australia Capital Territory & New South Wales (NSW/ACT) represents the regional leading market for pet food products in the country due to higher pet population as well as per capita income of people living in the region. Australian pet food market is filled with a range of brands selling pet food in a dry, wet, and snack-like type. The leading manufacturers of pet food products operating in Australian pet food market include Mars Australia Pty Ltd, Nestle Australia Ltd (Purina Pet Care), Premier Petfood Company Pty Ltd, Advanced Pet Care of Australia Pty Ltd, Real Pet Food Company, Australian Pet Essentials. Pty Ltd., The Complete Pet Company, Dried & True Pty Ltd, Hypro Petcare, and Australian Pet Treat Company.

“Rising pet adoption rates is fueling demand for pet foods in Australia. Also, increasing number of private label stores is positively influencing the country’s pet food market”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. With increasing number of retail units in the country, leading market players derive most of their revenues from the country's exclusive retail outlets and supermarkets. Royal Canin, Mars International 's leading brand, is the most popular dog food brand among middle-income families in the country.

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“Australia Pet Food Market By Type, By Food Type, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of Australia pet food market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Australia pet food market.

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