In recent years, the pet food industry in Asia, particularly for dogs and cats, has shown significant growth. A report revealed that in 2024, the market volume reached 48 million tons, valued at around $172.8 billion. China is the standout leader, being both the biggest consumer and producer of pet food in the region.
Looking ahead, the market is expected to grow steadily. By 2035, the volume is projected to reach 58 million tons, with an increase in value to around $218.6 billion. The annual growth rate is forecasted to be about 1.7% for volume and 2.2% for value. Such consistent growth stems from rising demand among pet owners who are increasingly willing to spend more on quality food for their pets.
Consumption Trends
In terms of consumption, China leads the pack, consuming 18 million tons in 2024, which is 37% of the total market. This is twice as much as India, which consumed 7.3 million tons. Interestingly, Japan and Turkey also have high per-person consumption rates, with Japan topping the list at 23 kg per person.
Over the last decade, consumption has generally risen at an average rate of 1.8%, with 2018 experiencing the highest growth at 6.3%. The increase in revenue reflects this trend, where total revenue reached $172.8 billion in 2024—an increase of 6% from the previous year.
Production Insights
Production has also been on the rise, showing a growth of 2.9% to 48 million tons in 2024. China is the largest producer, contributing 18 million tons. In value terms, production reached $175.4 billion. Like consumption, production growth has remained stable, indicating a healthy industry overall.
Import and Export Dynamics
When it comes to imports, Asia saw a slight decline, with a 4% drop to 1.3 million tons in 2024. However, value-wise, imports reached about $3.7 billion. Japan, the Philippines, and Malaysia were the top importers, making up a significant portion of the region’s imports.
Exports, on the other hand, are booming. In 2024, Asia exported 1.4 million tons of pet food, marking a 16% increase from the previous year. Thailand dominates this sector, exporting around 830,000 tons, while China is also a significant player.
Market Future and Challenges
Despite the positive trends, challenges remain. Issues such as supply chain disruptions and fluctuating prices can impact the market. Experts emphasize the need to focus on sustainability and sourcing practices to meet rising consumer expectations and regulatory standards.
To sum up, Asia’s dog and cat food market is thriving and evolving rapidly. Market participants must remain agile to adapt to changes and capitalize on growth opportunities. For more detailed data and insights, industry stakeholders can explore resources like the IndexBox Market Intelligence Platform.
Engaging with social media trends shows pet owners increasingly sharing their experiences and preferences, further driving demand for premium pet food products. Overall, this market not only presents opportunities but also reflects changing attitudes toward pet care across Asia.
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