Asia Pacific Pet Supplements Market Forecast to 2028
Asia Pacific Pet Supplements Market Forecast to 2028 – Regional Analysis – by Form (Chewable, Powder, and Others), Pet Type (Dogs, Cats, and Others), and Distribution Channel (Online and Offline)
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Description
Consumer Preferences for E-Commerce Platform Drive Asia Pacific Pet Supplements Market
E-commerce platforms are being used widely across the globe. The increase in penetration of smartphones and the internet, rise in purchasing power of consumers, and convenient shopping experiences provided by online retail platforms are a few of the key factors driving the sales of various products such as pet supplements through e-commerce platforms. People increasingly prefer online retail platforms to buy pet supplements owing to the availability of various products of different brands at affordable prices, detailed product descriptions, consumer ratings and reviews, and home delivery services. During the COVID-19 outbreak, individuals were restricted to their homes, which increased their inclination toward online shopping. For instance, according to the Kerry Group, the e-commerce sales of pet supplements increased substantially from 29% in 2019 to 42% in 2020. With the rising penetration of e-commerce across different geographies, pet supplement manufacturers are enhancing their online presence by selling their products through well-known e-commerce platforms, such as Amazon.com, Lidl, and Walmart. For instance, PetMed Express Inc, the online pet pharmacy, collaborated with Amazon to broaden the sales of pet supplements and offer a substantial price reduction to increase their customer base. Thus, increasing consumer preference for e-commerce platform provides huge opportunity to the manufacturers in the market to offer their products through e-commerce platform and increase their customer base.
Asia Pacific Pet Supplements Market Overview
The Asia Pacific pet supplements market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. These countries report increasingly high pet populations, which helps boost the demand for pet nutrition, such as pet supplements, across the region. Moreover, developing countries such as China and India have a significant population of pets. According to the National Bureau of Statistics, China has the fastest-growing pet industry in the region. Factors such as increasing disposable income and rising awareness regarding animal health and wellness are also contributing to the growing demand for pet nutritional products, such as pet supplements. Moreover, the high prevalence of zoonotic diseases among pets is increasing the demand for pet supplements. Hookworms in dogs, zoonotic influenza, plague, and Lyme are a few common zoonotic diseases in pets. The consumption of pet supplements prevents the risk of such diseases and provides complete nutrition. Thus, the demand for pet supplements is increasing across the region, which is further projected to fuel the market growth during the forecast period.
Asia Pacific Pet Supplements Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Pet Supplements Market Segmentation
The Asia Pacific pet supplements market is segmented into form, pet type, distribution channel, and country.
Based on form, the Asia Pacific pet supplements market is segmented into chewable, powder, and others. In 2022, the chewable segment registered the largest share in the Asia Pacific pet supplements market.
Based on pet type, the Asia Pacific pet supplements market is segmented into dogs, cats, and others. In 2022, the dogs segment registered the largest share in the Asia Pacific pet supplements market.
Based on distribution channel, the Asia Pacific pet supplements market is bifurcated into online and offline. In 2022, the offline segment registered the larger share in the Asia Pacific pet supplements market.
Based on country, the Asia Pacific pet supplements market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. In 2022, the Rest of Asia Pacific segment registered the largest share in the Asia Pacific pet supplements market.
Dorwest Herbs Ltd, Nordic Naturals, Nutramax Laboratories Consumer Care Inc, Comfort Click Ltd, and Zesty Paw LLC are some of the leading companies operating in the Asia Pacific pet supplements market.
Summary Info
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According to Business Market Insights research, the Asia Pacific pet supplements market was valued at US$ 453.83 million in 2022 and is expected to reach US$ 674.08 million by 2028, registering a CAGR of 6.8% from 2022 to 2028. Consumer preference for natural ingredients in pet supplements and consumer preferences for e-commerce platform are the critical factors attributed to the Asia Pacific pet supplements market expansion.
Pet owners want their pets to receive proper nutrition, which may help them lead happy and healthy lives. Pet parents are checking the nutrients and additives included in pet supplements to ensure that their pets are receiving the most appropriate and beneficial care. The increasing preference for a healthy diet and rising awareness regarding the benefits of natural ingredients has surged the demand for natural pet supplements. Thus, the increasing consumer preference for natural ingredients in pet supplements has been anticipated to fuel the Asia Pacific pet supplements market growth during the forecast period.
On the contrary, diversity in the pet ownership levels and cultural attitudes hurdles the growth of Asia Pacific pet supplements market.
Based on form, the Asia Pacific pet supplements market is segmented into chewable, powder, and others. The chewable segment held 67.6% share of Asia Pacific pet supplements market in 2022, amassing US$ 306.99 million. It is projected to garner US$ 452.14 million by 2028 to expand at 6.7% CAGR during 2022-2028.
Based on pet type, the Asia Pacific pet supplements market is segmented into dogs, cats, and others. The dogs segment held 68.0% share of Asia Pacific pet supplements market in 2022, amassing US$ 308.74 million. It is projected to garner US$ 463.03 million by 2028 to expand at 7.0% CAGR during 2022-2028.
Based on distribution channel, the Asia Pacific pet supplements market is bifurcated into online and offline. The offline segment held 82.3% share of Asia Pacific pet supplements market in 2022, amassing US$ 373.55 million. It is projected to garner US$ 550.56 million by 2028 to expand at 6.7% CAGR during 2022-2028.
Based on country, the Asia Pacific pet supplements market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that the Rest of Asia Pacific captured 34.4% share of Asia Pacific pet supplements market in 2022. It was assessed at US$ 156.25 million in 2022 and is likely to hit US$ 226.09 million by 2028, exhibiting a CAGR of 6.4% during 2022-2028.
Key players operating in the Asia Pacific pet supplements market report Dorwest Herbs Ltd, Nordic Naturals, Nutramax Laboratories Consumer Care Inc, Comfort Click Ltd, and Zesty Paw LLC, among others.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific pet supplements market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific pet supplements market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the pet supplements market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
3.2.8 Limitations and Assumptions:
4. Asia Pacific Pet Supplements Market Overview
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Materials
4.3.2 Manufacturing/Processing
4.3.3 Packaging and Distribution
4.4 Expert Opinion
5. Asia Pacific Pet Supplements Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Number of Pet Owners
5.1.2 Strategic Developments by Key Market Players
5.2 Market Restraints
5.2.1 Diversity in the Pet Ownership Levels and Cultural Attitudes
5.3 Market Opportunities
5.3.1 Consumer Preferences for E-Commerce Platform
5.4 Future Trends
5.4.1 Consumer Preference for Natural Ingredients in Pet Supplements
5.5 Impact Analysis of Drivers and Restraints
6. Pet Supplements – Asia Pacific Market Analysis
6.1 Asia Pacific Pet Supplements Market Overview
6.2 Asia Pacific Pet Supplements Market -Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific Pet Supplements Analysis – By Form
7.1 Overview
7.2 Asia Pacific Pet Supplements Market, By Form (2021 and 2028)
7.3 Chewable
7.3.1 Overview
7.3.2 Chewable: Asia Pacific Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Powder
7.4.1 Overview
7.4.2 Powder: Asia Pacific Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Asia Pacific Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Pet Supplements Market Analysis – By Pet Type
8.1 Overview
8.2 Asia Pacific Pet Supplements Market, By Pet Type (2021 and 2028)
8.3 Dogs
8.3.1 Overview
8.3.2 Dogs: Asia Pacific Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Cats
8.4.1 Overview
8.4.2 Cats: Asia Pacific Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Asia Pacific Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Pet Supplements Analysis – By Distribution Channel
9.1 Overview
9.2 Asia Pacific Pet Supplements Market, By Distribution Channel (2021 and 2028)
9.3 Online
9.3.1 Overview
9.3.2 Online: Asia Pacific Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Offline
9.4.1 Overview
9.4.2 Offline: Asia Pacific Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific Pet Supplements Market – Country Analysis
10.1 Overview
10.1.1 Asia Pacific Pet Supplements Market, by Key Country
10.1.1.1 China: Pet Supplements Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 China: Pet Supplements Market, By Form
10.1.1.1.2 China: Pet Supplements Market, by Pet Type
10.1.1.1.3 China: Pet Supplements Market, by Distribution Channel
10.1.1.2 Japan: Pet Supplements Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Japan: Pet Supplements Market, By Form
10.1.1.2.2 Japan: Pet Supplements Market, by Pet Type
10.1.1.2.3 Japan: Pet Supplements Market, by Distribution Channel
10.1.1.3 India: Pet Supplements Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Pet Supplements Market, by Type
10.1.1.3.2 India: Pet Supplements Market, by Pet Type
10.1.1.3.3 India: Pet Supplements Market, by Distribution Channel
10.1.1.4 Australia: Pet Supplements Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Australia: Pet Supplements Market, By Form
10.1.1.4.2 Australia: Pet Supplements Market, by Pet Type
10.1.1.4.3 Australia: Pet Supplements Market, by Distribution Channel
10.1.1.5 South Korea: Pet Supplements Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Pet Supplements Market, By Form
10.1.1.5.2 South Korea: Pet Supplements Market, by Pet Type
10.1.1.5.3 South Korea: Pet Supplements Market, by Distribution Channel
10.1.1.6 Rest of Asia Pacific: Pet Supplements Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Asia Pacific: Pet Supplements Market, By Form
10.1.1.6.2 Rest of Asia Pacific: Pet Supplements Market, by Pet Type
10.1.1.6.3 Rest of Asia Pacific: Pet Supplements Market, by Distribution Channel
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Zesty Paw LLC
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Comfort Click Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Nutramax Laboratories Consumer Care Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Nordic Naturals Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Dorwest Herbs Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About Research Team
13.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Pet Supplements Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. China Pet Supplements Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 3. China Pet Supplements Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. China Pet Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 5. Japan Pet Supplements Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 6. Japan Pet Supplements Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Japan Pet Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. India Pet Supplements Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 9. India Pet Supplements Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. India Pet Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 11. Australia Pet Supplements Market, By Form- Revenue and Forecast to 2028 (US$ Million)
Table 12. Australia Pet Supplements Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Australia Pet Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea Pet Supplements Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea Pet Supplements Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea Pet Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Asia Pacific Pet Supplements Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Asia Pacific Pet Supplements Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Asia Pacific Pet Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Pet Supplements Market Segmentation
Figure 2. Asia Pacific Pet Supplements Market Segmentation – By Country
Figure 3. Asia Pacific Pet Supplements Market Overview
Figure 4. Asia Pacific Pet Supplements Market: By Form
Figure 5. Asia Pacific Pet Supplements Market: By Country
Figure 6. Porter’s Five Forces Analysis: Asia Pacific Pet Supplements Market
Figure 7. Ecosystem: Asia Pacific Pet Supplements Market
Figure 8. Expert Opinion
Figure 9. Asia Pacific Pet Supplements Market Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific: Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Asia Pacific Pet Supplements Market Revenue Share, By Form (2021 and 2028)
Figure 12. Chewable: Asia Pacific Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Powder: Asia Pacific Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Others: Asia Pacific Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Asia Pacific Pet Supplements Market Revenue Share, By Pet Type (2021 and 2028)
Figure 16. Dogs: Asia Pacific Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Cats: Asia Pacific Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Others: Asia Pacific Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Asia Pacific Pet Supplements Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 20. Online: Asia Pacific Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Offline: Asia Pacific Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Asia Pacific Pet Supplements Market, by Key Country – Revenue (2021) ( US$ Million)
Figure 23. Asia Pacific Pet Supplements Market Revenue Share, by Key Country (2021 and 2028)
Figure 24. China: Pet Supplements Market -Revenue and Forecast to 2028 (US$ Million)
Figure 25. Japan: Pet Supplements Market -Revenue and Forecast to 2028 (US$ Million)
Figure 26. India: Pet Supplements Market -Revenue and Forecast to 2028 (US$ Million)
Figure 27. Australia: Pet Supplements Market -Revenue and Forecast to 2028 (US$ Million)
Figure 28. South Korea: Pet Supplements Market -Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of Asia Pacific: Pet Supplements Market -Revenue and Forecast to 2028 (US$ Million)
The List of Companies – Asia Pacific Pet Supplements Market
o Dorwest Herbs Ltd
o Nordic Naturals
o Nutramax Laboratories Consumer Care Inc
o Comfort Click Ltd
o Zesty Paw LLC
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