Asia Pacific Pet Care (Food, Grooming, Accessories & Healthcare) Market Research Report, 2027

The pet care industry in Asia-Pacific has grown at a rapid pace in the last couple of years. There has been a lot of change in consumers' behavior as nowadays they are more intended to keep a pet in the house. It has been countries like China and Japan that have a major population of aged or separated people, which have let them, find companions in pets. The region has registered a higher adoption of cats as pets, which is followed by dogs. Several modern pet owners are willing to spend money on pet accessories and grooming products, which are nowadays being equipped with technological benefits. According to the report, "Asia-Pacific Pet Care Market Research Report, 2027" published by Actual Market research, the market is anticipated to grow at more than 7.5% CAGR for 2022–2027. The market size was calculated to be around USD 19 billion in 2021. Acceptance of western lifestyles and pet humanization is changing the perception of pet owners in Asian-Pacific countries. The market has been dominated by the top-grossing countries like China, Japan, Australia and India. In the overall pet care market of the region, pet food has been viewed as the largest segment. There is an increasing demand for organic, healthy, and nutritious food for pets as compared to ordinary pet foods. Adoption of such a habit is to make the pets healthy and to get them free from various diseases and the growing obesity among them. The trend of pet services, which includes pet healthcare, pet accessories, and pet grooming, has attracted many modern pet owners with the thought of providing advanced facilities to their pets. From the pet service segment, the health care section has registered dynamic growth. This has directly benefited due to the advancement in research and the modern facilities that are being adopted in countries like Japan. There have been increasing academic research-related activities, veterinary molecular diagnostics, and investigational techniques, which are letting the segment of the market grow strongly. Modern pet services such as pet accessories and pet grooming are also being engaged with high-end demands. In recent years, it has been observed that pet grooming has shown the fastest growth, which is highly supported by countries like Japan and Australia. The reason behind the rapid growth of such products is their availability in pet specialty stores and retail outlets such as supermarkets, hypermarkets, and discounts, which have the largest presence in the Asia-Pacific region. The number of pet animals adopted for companionship has increased significantly in the past decade. China has the world's third largest pet population. Furthermore, the growing usage of pets in films and ad campaigns has triggered the notion of pet adoption among the general population. The pet fairs, including the India International Pet Trade Fair (IIPTF), showcasing a wide range of pet care products, will positively impact industry growth. Additionally, there has been a shift in trend from pet owners to pet parents that indicates pets are considered a part of the family these days. The increasing social acceptance of pets has stimulated pet adoption. Older pets are said to be perfect companions for senior citizens as they do not require exceptional care and nutrition. Pet adoption is also perceived to assist in lowering blood pressure, depression and loneliness, thus, fuelling the number of pet adoptions during the forecast timeframe. The market demand is expected to increase in the forecasted period with the rising demand for a protein-rich diet to enhance the strength and health conditions of pets. For protein-rich pet food, the majority of pet owners in the Asia-Pacific region preferred traditional proteins such as chicken and beef. Increasing demand for clean labels, natural food, and healthy life for pets helps to strengthen the impact of the market. People are adopting small pets such as cats, dogs, and others to humanize them as compared to larger pets. Owing to this, consumers are investing heavily in taking good care of and quality life for their pets. There has been a pet economy boom in Asia with increasing pet ownership. The change in the behavior of the adoption of pets in the past couple of years is attributed to the market growth. The rising urbanization in the developing economies is emerging as the centerpiece for the adoption of pets. Pet ownership has been increasing at a significant growth rate among millennial across the region. Increasing incidences of loneliness are contributing to increasing demand for pets, as they are effectively contributing to overcoming such a mental state with their loyalty and affection. The rising inclination towards safeguarding the pet from the sickness of pet food products and injury from any grooming activities tends to drive the market to grow with substantial potential. Growing demand for pet accessories and pet toys plays a prominent role in increasing sales revenue for pet care accessories. Although there has been a growing understanding and awareness of the various food options on the market, there is still a lack of awareness of food options in many developing Asian markets.Lack of knowledge about the economic food options provided as one of the successful strategies by the manufacturers is another factor pertaining to restrict the market growth. COVID-19 Impacts: For a pet care industry that has grown for decades, the corona-virus (COVID-19) poses an unprecedented challenge. The pandemic threatens supply chains, impacting the workforce and availability of key inputs. The recessionary fallout will test pet humanization trends, particularly in severe downturn scenarios. At retail, COVID-19 is accelerating an online shift as social distancing changes habits. Long-term shifts in pet ownership and corporate strategy are also likely consequences of the pandemic. Major companies present in the market Nestle SA, Mars Incorporated , Colgate-Palmolive , United Pet Group, a Spectrum Brands Company, PLB International , Unicharm Corporation, Well Pet Considered in this report • Geography: Asia-Pacific • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Asia-Pacific pet care market with its value and forecast along with its segments • Country-wise pet care market analysis • Various divers and challenges • Ongoing trends and developments • Five force models • Top profiled companies • Strategic recommendation Countries covered in the report • Japan •Australia •China •India Segment covered in the report • Pet foods • Pet healthcare • Pet accessories • Pet grooming By Pet Type in the report •Dog Food •Cat Food •Fish Food •Bird Food •Others By Food Type in the report •Dry Food •Wet or Canned •Snacks and treats •others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering, the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started, verifying the details obtained from secondary sources. Intended audience This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to pet care products industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.