Pet care in South Korea has faced challenges amidst economic slowdown, but is expected to continue to demonstrate resilience and growth in both retail volume and current value terms in 2024. As the economy struggled and living expenses surged at the end of the review period, consumers began to limit their pet care budget. The economic downturn also further exacerbated existing disparities in consumer spending habits. Consumers with financial means or a commitment to quality have tended to remain...
Euromonitor International's Pet Care in South Korea report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2019-2023, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, distribution or pricing issues. Forecasts to 2028 illustrate how the market is set to change.
Product coverage: Pet Food, Pet Products.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Pet Care market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Pet Care in South Korea
Euromonitor International
April 2024
List Of Contents And Tables
PET CARE IN SOUTH KOREA
EXECUTIVE SUMMARY
Pet care in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for pet care?
MARKET INDICATORS
Table 1 Pet Populations 2019-2024
MARKET DATA
Table 2 Sales of Pet Food by Category: Volume 2019-2024
Table 3 Sales of Pet Care by Category: Value 2019-2024
Table 4 Sales of Pet Food by Category: % Volume Growth 2019-2024
Table 5 Sales of Pet Care by Category: % Value Growth 2019-2024
Table 6 NBO Company Shares of Pet Food: % Value 2019-2023
Table 7 LBN Brand Shares of Pet Food: % Value 2020-2023
Table 8 NBO Company Shares of Dog and Cat Food: % Value 2019-2023
Table 9 LBN Brand Shares of Dog and Cat Food: % Value 2020-2023
Table 10 Penetration of Private Label in Pet Care by Category: % Value 2019-2024
Table 11 Distribution of Pet Care by Format: % Value 2019-2024
Table 12 Distribution of Pet Care by Format and Category: % Value 2024
Table 13 Distribution of Dog and Cat Food by Format: % Value 2019-2024
Table 14 Distribution of Dog and Cat Food by Format and Category: % Value 2024
Table 15 Forecast Sales of Pet Food by Category: Volume 2024-2029
Table 16 Forecast Sales of Pet Care by Category: Value 2024-2029
Table 17 Forecast Sales of Pet Food by Category: % Volume Growth 2024-2029
Table 18 Forecast Sales of Pet Care by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
Summary 1 Research Sources
DOG FOOD IN SOUTH KOREA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Another year of slow value growth for dog food
Domestic dog food brands continue to increase their shares
Soft, semi-moist dog food gains traction along with the ageing dog population
PROSPECTS AND OPPORTUNITIES
Dog food expected to maintain its low single-digit growth
Functional claims will become more important along with heightened wellness awareness and the ageing dog population
Polarisation set to heighten in dog food
CATEGORY INDICATORS
Table 41 Dog Owning Households: % Analysis 2019-2024
Table 42 Dog Population 2019-2024
Table 43 Consumption of Dog Food by Prepared vs Non-prepared: % Analysis 2019-2024
CATEGORY DATA
Summary 2 Dog Food by Price Band 2024
Table 44 Sales of Dog Food by Category: Volume 2019-2024
Table 45 Sales of Dog Food by Category: Value 2019-2024
Table 46 Sales of Dog Food by Category: % Volume Growth 2019-2024
Table 47 Sales of Dog Food by Category: % Value Growth 2019-2024
Table 48 Sales of Dry Dog Food by Life-Cycle: % Value 2019-2024
Table 49 Sales of Wet Dog Food by Life-Cycle: % Value 2019-2024
Table 50 NBO Company Shares of Dog Food: % Value 2019-2023
Table 51 LBN Brand Shares of Dog Food: % Value 2020-2023
Table 52 LBN Brand Shares of Dog Treats and Mixers: % Value 2020-2023
Table 53 Distribution of Dog Food by Format: % Value 2019-2024
Table 54 Forecast Sales of Dog Food by Category: Volume 2024-2029
Table 55 Forecast Sales of Dog Food by Category: Value 2024-2029
Table 56 Forecast Sales of Dog Food by Category: % Volume Growth 2024-2029
Table 57 Forecast Sales of Dog Food by Category: % Value Growth 2024-2029
CAT FOOD IN SOUTH KOREA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Cat food registers high single-digit value growth
Royal Canin continues to lead cat food
Economy dry cat food remains strong due to outdoor cats and economic slowdown
PROSPECTS AND OPPORTUNITIES
Premiumisation trend expected to drive growth in cat food