Growing Awareness Regarding Pet Health to Boost Demand for Pet Food in Asia Pacific, Reports Tmr

Transparency Market

Research

Pet Food Market - Asia Pacific Industry Analysis, Size, Share,

Growth, Trends and Forecast 2014 - 2020

Published Date

08-04-2015

62 Page Report

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Growing Awareness Regarding Pet Health to Boost Demand for Pet Food

in Asia Pacific, Reports TMR

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Asia Pacific Pet Food Market

REPORT DESCRIPTION

The presence of a number of large-scale companies, such as Nestlé, Procter & Gamble Co., Mars Inc., and

Colgate-Palmolive Co. points towards a high degree of competition within the in Asia Pacific pet food

market, finds a report by Transparency Market Research (TMR). Regional pet food producers are facing

great difficulties in gaining a foothold in this market due to the loyal customer base these brands have

created.

The Asia Pacific market for pet food presented an opportunity worth US$9.1 bn in 2013, states the report.

Analysts at TMR project this market to expand at a CAGR of 2.30% during the period from 2014 to 2020

and increase to US$10.7 bn by the end of the forecast period. In terms of volume, the market is likely to

reach 803.3 kg million by 2020. Dog food registered a higher demand than other pet food in 2013. With a

CAGR of 2.40% between 2014 and 2020, the segment is expected to remain dominant throughout the

forecast period.

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Rising Demand for Pet Food in China and India to Affect Japan Pet Food Market

Based on the geography, the Asia Pacific pet food market has been spread across Japan, China, South

Korea, Australia, India, and the Rest of Asia Pacific. Among these, Japan has surfaced as the leading

consumer of pet food, thanks to the high awareness...