South Korea Pet Food Market Forecast 2023-2030
KEY FINDINGS
The South Korea pet food market is set to record a CAGR of 10.79% during the forecast period, 2023-2030. One of the major trends offering lucrative growth opportunities is pet humanization.
MARKET INSIGHTS
The South Korea pet food market growth is primarily attributed to the surging focus on pet care and pet welfare due to a growing pet population. Also, pet care product sales are more fragmented in the country compared to several developed countries. At the same time, numerous robust and dynamic domestic players are utilizing their close relationships with eminent retailers, short supply chains, and local knowledge strongly challenge the presence of global leaders like Hill’s Pet Nutrition, Lotte Nestle, Mars, and Royal Canin.
Moreover, the private label ranges offered by e-commerce players witnessed significant growth during the pandemic, attributed to increased consumer spending. However, government regulations as a result of the growing focus on pet welfare, are expected to hinder market growth. Furthermore, pet humanization trends have led to increased concerns regarding pet food quality. Accordingly, premium pet food products are recording fast-paced growth in South Kora. Several recently entered domestic companies are launching low-cost and high-quality products.
COMPETITIVE INSIGHTS
Some of the eminent firms in the market include JM Smucker Company, Hill’s Pet Nutrition Inc, Nestle Purina PetCare Ltd, Blue Buffalo Pet Products Inc, Mars Petcare Ltd, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Methodology
- 1.3. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Country Snapshot
- 2.3. Country Analysis
- 2.4. Scope Of Study
- 2.5. Crisis Scenario Analysis
- 2.6. Major Market Findings
- 2.6.1. Growth Of Organic Pet Food
- 2.6.2. Sustainability Issue Addressed By Leading Players
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. High Demand For Premium And Organic Pet Food
- 3.1.2. Rising Demand For Therapeutic Pet Food
- 3.1.3. Growing Consumer Spending On Pet Food
- 3.2. Key Restraints
- 3.2.1. Production And Supply Chain Threats
- 3.2.2. Shifting Consumer Perception Regarding Pet Food And Pet Obesity
- 4. Key Analytics
- 4.1. Key Market Trends
- 4.2. Porter’s Five Forces Analysis
- 4.2.1. Buyers Power
- 4.2.2. Suppliers Power
- 4.2.3. Substitution
- 4.2.4. New Entrants
- 4.2.5. Industry Rivalry
- 4.3. Market Maturity Analysis
- 4.4. Market Concentration Analysis
- 4.5. Value Chain Analysis
- 4.5.1. Raw Material Supplier
- 4.5.2. Manufacturer
- 4.5.3. Distribution Channels
- 4.5.4. End-users
- 4.6. Key Buying Criteria
- 4.6.1. Product Type
- 4.6.2. Product Quality
- 4.6.3. Price
- 4.6.4. Brand
- 4.6.5. Packaging
- 5. Market By Food Type
- 5.1. Market By Food Type (By Content)
- 5.1.1. Dry Food
- 5.1.2. Wet Food
- 5.1.3. Other Food Types
- 5.2. Market By Food Type (By Animal)
- 5.2.1. Dog Pet Food
- 5.2.1.1. Wet Dog Food
- 5.2.1.2. Dry Dog Food
- 5.2.1.3. Treat & Mixes For Dogs
- 5.2.2. Cat Pet Food
- 5.2.2.1. Wet Cat Food
- 5.2.2.2. Dry Cat Food
- 5.2.2.3. Treat & Mixes For Cats
- 6. Market By Animal Type
- 6.1. Dog
- 6.2. Cat
- 6.3. Other Animal Types
- 7. Market By Distribution Channel
- 7.1. Store-based
- 7.2. Veterinary
- 7.3. E-commerce
- 7.4. Other Distribution Channels
- 8. Competitive Landscape
- 8.1. Key Strategic Developments
- 8.1.1. Acquisitions
- 8.1.2. Product Launches & Developments
- 8.2. Company Profiles
- 8.2.1. Affinity Petcare Sa
- 8.2.1.1. Company Overview
- 8.2.1.2. Products List
- 8.2.1.3. Strengths & Challenges Analysis
- 8.2.2. Blue Buffalo Pet Products Inc
- 8.2.2.1. Company Overview
- 8.2.2.2. Products List
- 8.2.2.3. Strengths & Challenges Analysis
- 8.2.3. Champion Petfoods Lp
- 8.2.3.1. Company Overview
- 8.2.3.2. Products List
- 8.2.3.3. Strengths & Challenges Analysis
- 8.2.4. Diamond Pet Foods
- 8.2.4.1. Company Overview
- 8.2.4.2. Products List
- 8.2.4.3. Strengths & Challenges Analysis
- 8.2.5. Farmina Pet Foods
- 8.2.5.1. Company Overview
- 8.2.5.2. Products List
- 8.2.5.3. Strengths & Challenges Analysis
- 8.2.6. Freshpet Inc
- 8.2.6.1. Company Overview
- 8.2.6.2. Products List
- 8.2.6.3. Strengths & Challenges Analysis
- 8.2.7. Hill’s Pet Nutrition Inc
- 8.2.7.1. Company Overview
- 8.2.7.2. Products List
- 8.2.7.3. Strengths & Challenges Analysis
- 8.2.8. Inaba Foods Co Ltd
- 8.2.8.1. Company Overview
- 8.2.8.2. Products List
- 8.2.8.3. Strengths & Challenges Analysis
- 8.2.9. J M Smucker Company
- 8.2.9.1. Company Overview
- 8.2.9.2. Products List
- 8.2.10. Mars Petcare Ltd
- 8.2.10.1. Company Overview
- 8.2.10.2. Financial Analysis
- 8.2.10.3. Products List
- 8.2.10.4. Strengths & Challenges Analysis
- 8.2.11. Nestle Purina Petcare Ltd
- 8.2.11.1. Company Overview
- 8.2.11.2. Products List
- 8.2.11.3. Strengths & Challenges Analysis
- 8.2.12. Spectrum Brand Holdings Inc
- 8.2.12.1. Company Overview
- 8.2.12.2. Products List
- 8.2.12.3. Strengths & Challenges Analysis
- 8.2.13. Unicharm Corporation
- 8.2.13.1. Company Overview
- 8.2.13.2. Products List
- 8.2.13.3. Strengths & Challenges Analysis
- 8.2.14. Vitakraft Pet Care Gmbh & Co Kg
- 8.2.14.1. Company Overview
- 8.2.14.2. Products List
- 8.2.15. Wellness Pet Company
- 8.2.15.1. Company Overview
- 8.2.15.2. Products List
- 8.2.15.3. Strengths & Challenges Analysis
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