Asia Pacific pet treats
market is expected to grow with a steady CAGR in the forecast period from 2023
– 2027. The market showed promising growth in the historical years too, the
future growth is projected owing to the concerns regarding food and eating
habits of the companion animals among the pet owners. Also, Asian countries
like China, India, South Korea, are observing major surge in pet adoption in
last five years.
This factor is actively supporting the growth of Asia Pacific
pet treats market. Pet humanization trend is also a major factor that is
boosting the growth of the Asia Pacific pet treats market. Pet owners are
seeking high-end products, and exclusive services like spas, birthday parties,
grooming, etc. for their companion animals. Through this humanization process
of pet, that is granting and demanding treatments of the pet animals as humans
and providing with the human-life services, the market is quite a large sector
and is anticipated for an impressive growth in the next five years, 2023-2027.
Moreover, health
concerns toward the pets while monitoring their nutrient intake is driving the
growth of the Asia Pacific pet treats market. The latest products in the market
are promising high nutritional value, healthier, and marketed as newly advanced
versions, these factors are cumulatively driving the Asia Pacific pet treats market
in the upcoming five years.
Asia Pacific pet treats
market is segmented by product,
animal, distribution channel, ingredients, country distribution,
and competitional analysis. Based on product, the market is further fragmented into
dry treats, wet treats, veterinary diet, snacks, and others. Dry treats hold
the largest market share and is anticipated to show its dominance over the
market in the forecast period, 2023-2027.
The segment growth can be attributed
to easier storage and processing of dry treats as well as its
cost-effectiveness over other types in the segment. Although, snacks are
anticipated to be the fastest growing market share in next five years owing to
the fact that latest product line incorporates nutrition in the flavorful
treats that are preferred by the companion animals too.
Some of the major competitors in the market are Mars
Incorporation, Filipino Multinational Food and Beverage Company (Del Monte
Foods), Hill’s Pet Nutrition Incorporation, Unicharam Corporation, Nippon
Formula Feed Manufacturing Company Ltd., Pet Center Incorporated (PCI), Nestle
Purina Pet Care, Nisshin Saifun Group
Incorporation Inc., Natural Dog Food Company Ltd., Marukan Co. Ltd., Spectrum
Brands Inc., The JM Smucker Co. LLC, Colgate-Palmolive Co. Ltd., Wagg Foods
Ltd., Shanghai Bridge Petcare Ltd., among others. Top players are actively
involved in the research and development of better, more
nutritious treats, that satisfies the amount of nutrition along with the flavor
of the treats thereby making it preferrable by the pets as well as their
owners.
Objective
of the Study:
- To
analyze and forecast the market
size of Asia Pacific pet treats market from 2017 to 2020.
- To
estimate and forecast the market size of Asia Pacific pet treats market
from 2021 to 2027 and growth rate until 2027.
- To classify and
forecast Asia Pacific pet treats market based on product,
animal, distribution channel, ingredients, country distribution, and competitional analysis.
- To identify dominant region or segment in the Asia Pacific pet treats
market.
- To
identify drivers and challenges for Asia Pacific pet treats market.
- To
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in Asia Pacific pet treats market.
- To identify and analyze the profile
of leading players operating in Asia Pacific pet treats market.
- To identify key sustainable strategies adopted by market players in
Asia Pacific pet treats market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers, suppliers, and service providers across the country.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the manufactures which could not be identified due to the limitations of
secondary research.
TechSci Research analyzed the manufactures, distribution
channels and presence of all major players across the country.
TechSci Research calculated the market size of Asia Pacific pet treats market using a bottom-up approach,
wherein data for various end-user segments was recorded and forecast for the
future years. TechSci Research sourced these values from the industry experts
and company representatives and externally validated through analyzing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key
Target Audience:
- Manufacturers, end users, and other stakeholders
- Distributers and suppliers and other stakeholders
- Organizations, forums, and alliances related to coffee machines
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers, end users, etc., besides allowing them in strategizing investments
and capitalizing on market opportunities.
|
Attribute
|
Details
|
|
Base
Year
|
2021
|
|
Historic
Data
|
2017 –
2020
|
|
Estimated
Year
|
2022
|
|
Forecast
Period
|
2023 – 2027
|
|
Quantitative
Units
|
Revenue in
USD Million and CAGR for 2017-2021 and 2022-2027
|
|
Report
coverage
|
Revenue forecast,
company share, competitive landscape, growth factors, and trends
|
|
Segments
covered | - Product
- Animal
- Distribution Channel
- Ingredients
|
Country
scope
|
China, India,
Japan, South Korea, Australia, Malaysia
|
|
Key
companies profiled
|
Mars Incorporation, Filipino Multinational Food and Beverage
Company (Del Monte Foods), Hill’s Pet Nutrition Incorporation, Unicharam
Corporation, Nippon Formula Feed Manufacturing Company Ltd., Pet Center
Incorporated (PCI), Nestle Purina Pet Care, Nisshin
Saifun Group Incorporation Inc., Natural Dog Food Company Ltd., Marukan Co.
Ltd., Spectrum Brands Inc., The JM Smucker Co. LLC, Colgate-Palmolive Co.
Ltd., Wagg Foods Ltd., Shanghai Bridge Petcare Ltd.
|
|
Customization
scope
|
10% free
report customization with purchase. Addition or alteration to country, &
segment scope.
|
|
Pricing
and purchase options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
|
Report Scope:
In this report, Asia Pacific pet treats market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- Asia Pacific Pet Treats Market, By
Product:
- Dry Treats
- Wet Treats
- Veterinary Diet
- Snacks
- Others
- Asia Pacific Pet
Treats Market, By Animal:
o Dogs
o Cats
o Birds
o Fishes
o Others
- Asia Pacific Pet
Treats Market, By Distribution Channel:
o Specialized Pet Shop
o Online
o Supermarket/Hypermarket
o Others
- Asia Pacific Pet
Treats Market, By Ingredients:
o Animal Derivatives
o Fish Derivatives
o Fruits & Vegetables
o Fats & Oils
o Vitamins & Minerals
- Asia Pacific Pet
Treats Market, By Country:
- India
- China
- Japan
- Malaysia
- South Korea
- Australia
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Asia Pacific pet treats market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following customization
options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
Asia Pacific Pet Treats Market
is an upcoming report to be released soon. If you wish an early delivery of
this report or want to confirm the date of release, please contact us at [email protected]