Read More Thailand Pet Food Market - Growth, Trends, and Forecast (2020 - 2025) Comparing the quantities during the first 5 months of 2021 with the same period in 2020 shows that . The Raw Pet Food Market accounted for USD 130.55 billion in 2021 and is expected to reach USD 195.84 billion by 2029 at a CAGR of 5.2 % during the forecast period. Though there is trade potential for US pet food processors in the country, most pet food exports are . Thailand, Malaysia, and Taiwan. Pet Food Market is expected to grow at a CAGR of 5.1% during 2022-2029. . The average pet-owning household spends $1,120 per year on their pets. Between 2017 - 2019, the pet market in Thailand is valued at 29.3 billion , 32.2 billion, and 36 billion Thai Baht respectively. 163 Rajapark Building, 11th floor, Sukhumvit 21 Road (Asoke), Klongtoey-Nua Contact US Wattana, Bangkok. The Food market in Thailand is projected to grow by 5.83% (2022-2027) resulting in a market volume of US$86.69bn in 2027. . According to our (LP Information) latest study, the global Pet Food market size is USD million in 2022 from USD 99960 million in 2021, with a change of % between 2021 and 2022. Of the total, the pet food business accounted for the largest . In Thailand [households owning cats and dogs] grew 22% and 17% respectively, between 2017 and 2021.". Pet Food Market Size, Share & Industry Analysis, By Animal Type (Dogs, Cats, and Others), Form (Dry Pet Food, Wet Pet Food, and Snacks & Treats), Distribution Channel (Supermarkets/ Hypermarkets . Driven by growing trend of pet humanization across the world, sales of dog food are projected to grow by 6.2% CAGR through 2031, finds Future Market Insights in a recent market study. According to the Thai Pet Product Association, in 2020 there were about 14.5 million pets in Thailand: 8.9 million dogs (62%), 3.3 million cats (23%), and Global Pet Food Market is valued at USD 95.61 Billion in 2021 and is expected to reach USD 132.76 Billion by 2028 with a CAGR of 4.80% over the forecast period. Understand the latest market trends and future growth opportunities for the Pet Care industry in Thailand with research from Euromonitor International's team of in-country analysts - experts by industry and geographic specialisation. The most common used pet food ingredients include grains, oilseed mill products and meat products. LONDON, Nov. 17, 2021 /PRNewswire/ -- According to Brandessence Market Research, the global Pet Food market size is reached USD 89.65 Billion in 2020. Food represents a . The Thailand pet food market is projected to witness a CAGR growth rate of 5.2% during the forecast period. Pets, pet products, and pet care are all part of a $103.6 billion national industry; 40.5% of revenue is from food and treats alone. Bulgaria, China, India, Japan, Australia, India, South Korea, Thailand, Saudi Arabia - Forecast 2024 "North America & Europe animal healthcare market size was around USD 40 billion in 2018 and is predicted to be reach . in 2029. The Thailand pet food industry has been growing at an annual rate of 11% annually since 2011. Animal and Pet Food Market has witnessed a growth from USD million from 2017 to 2022 with a highest CAGR is estimated to reach USD in 2029. The majority of these companies have headquarters in Japan, with others in Thailand, Australia and South Korea. Euromonitor International's Pet Food and Pet Care in Thailand report serves as a guide to the market in Thailand in addition to providing retail sales data (2003-2008) and identifying the leading companies and brands. Pet food sales are expected to increase around 5.8% in the coming year in 2022. In 2020, Thailand exported 609,001 tons of pet food, valued at $1.6 billion (1.3 billion). The Global Pet Supplements Market size is expected to reach $2.1 billion by 2027, rising at a market growth of 6.3% CAGR during the forecast period. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the . This report contains market size and forecasts of Pet Food in Thailand, including the following market information: Thailand Pet Food Market Revenue, 2015-2020, 2021-2026, ($ millions) Vet Care & Product Sales $34.3 billion. . According to the US Census Bureau, US exports of dog and cat food to Thailand grew a mere 4.2% from 2021 to 2022, amassing $8.98 million. Compared to 2019, this is a volume increase of 13% and a value increase of 19%. The research handbook provides up-to-date market size data for period 2011-2015 and illustrative forecast to 2020 covering key market aspects like Sales Value and Volume for . Other Services $9.5 billion. Pet supplement is considered as a rich source of nutrients . some dogs with misshapen jaws or dental disease may find chewing on raw bones difficult) Pet Industry Statistics Report Highlights. Looking forward, IMARC Group expects the market to reach US$ 84 Billion by 2027, exhibiting at a CAGR of 4.95% during 2022-2027. The global pet food ingredients market size was valued at USD 39.94 billion in 2018 and is likely to expand at a CAGR of 5.9% during the forecast period. Pet Food Market Forecast 2022-2027 Oct 14, 2022 The market is expected to reach. The pet industry grows by 11.6% every year. This market covers packaged, prepared dry and wet food specifically for cats and dogs. Global Pet Food Market is valued at USD 89.65 Billion in 2020 and is expected to reach USD 118.77 Billion by 2027 with a CAGR of 4.1% over the forecast period. Opportunities for the Pet Food Market in Trends, opportunities and forecast in this market to 2026 by product type (dry food, wet/canned food, nutritious food, snacks/treats . 61% of US pet owners will pay more for foods to target pets' dietary needs. The Key Pet Industry Statistics in Review. The pet business in Thailand last year was worth 26.3 billion baht, according to research conducted by NEO and Thonglor Pet Hospital. The global Pet Food market size was valued at USD 20670.33 million in 2021 and is expected to expand at a CAGR of 9.54% during the forecast period, reaching USD 35708.01 million by 2027.. Looking forward, IMARC Group expects the market to reach US$ 154.04 Billion by 2027, exhibiting a CAGR of 5.42% during 2022-2027. The pet food market in Thailand in terms of revenue is set to grow by US$ 860 million during 2021-2027, growing at a compound annual growth rate (CAGR) of 8% during the forecast period, according to data and . The market is expected to grow annually by 11.17% (CAGR 2022-2027). Triton Market Research predicts that the market for pet food in Thailand would witness a CAGR of 5.43% (with $XX million in value) and 4.73% (with XX kilotons in volume) over the forecast period 2022-2026. 02-258-0317-8 02-258-0319. tpfa@thaipetfood.org These phenomena benefited all imported pet food and increased demand for higher-quality products. Until 2025, the pet food market in Thailand is forecast to reach 1.47 billion USD (in retail prices), thus increasing at a CAGR of 7.70% per annum for the period 2020-2025. According to Future Market Insights (FMI), the overall sales in the dog food market will total US$ 81.65 Bn by 2031, rising at a CAGR of 6.2% for 2021-31.. Pet Cat Food In Thailand Raw Material For Production Of Animal Feed Animal Feed Making Machine , Find Complete Details about Pet Cat Food In Thailand Raw Material For Production Of Animal Feed Animal Feed Making Machine,2022 Pellet Size 1-12mm Animal Floating Fish Feed,Pet Food Plant For Sale,Animal Feed Pellet Making Machine from Pet Food Processing Machines Supplier or Manufacturer-Jinan . You can offer some natural foods to provide some variety Natural foods include fresh human-grade raw meat (e.g. "Greatest Pet Care also recognizes that Thai pet food manufacturers are at an advantageous position compared to their peers abroad. ET Besides, the people's changing preference to adopt a pet in the Asia-Pacific region, especially in India . Thailand is the world's third largest pet food exporter in 2021 with export value of more than 65 billion baht, an increase of 27% from the year before, according to the Thai Pet Food. In 2021, $123.6 billion was spent on our pets in the U.S. Breakdown: Pet Food & Treats $50.0 billion. . Pet owners spend an average of $329-$442 on pet food in a year. According to the Thai Pet Product Industries Association, the market value of pet-related industries in Thailand is USD 73 billion in 2018, half of which is pet food. Growth Opportunities: Analysis of growth opportunities in different product type, pet type, and distribution channel for the pet food market in Pakistan. The global pet food market size reached a value of almost USD 98.9 billion in the year 2020. Who are the major players operating in the Dog Food Market? Pet food is plant or animal material intended for consumption by pets and can prevent feeding advantage of certain diseases. Supplies, Live Animals & OTC Medicine $29.8 billion. The global pet food market size was valued at USD 94.76 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.4% from 2022 to 2030. According to the Thai Pet Product Association, in 2020 there were about 14.5 million pets in Thailand: 8.9 million dogs (62%), 3.3 million cats (23%), and other pets (15%.) Segmentation Analysis: Pet food market by various segments, such as product type, pet type, and distribution channel in terms of value. Thailand's Pet Food Market Thailand's pet food market (mainly targeting dogs and cats) is considered Asia's 2 nd largest after China with a market value of US$ 900 million in 2019. Most meat used for nonhuman animals is a byproduct of the human food industry, and is not regarded as human grade . The Thailand pet food market was worth $1.2 billion in 2021 and is forecasted to grow at a CAGR of 7.6% during 2022-2027. Market size comprises sales through all retail channels including direct to consumer. PET Market Overview: PET is the very common thermoplastic polymer resin & is used in fibres for clothing, bottles for liquids & foods, thermoforming for engineering, & in mixture with glass fiber for manufacturing resins. Thailand Forklift Market Overview Thailand Forklift Market Size is forecast to reach $341.4 million by 2026, at a #CAGR of 7. . 'The Angels'), often referred to by its initials L.A., is the commercial, financial, and cultural center of Southern California.With a population of roughly 3.9 million as of 2020, it is also the largest city in the state of California and the second most populous city in the .

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