Asia Pacific Pet Care Market to reach $132.1 Bn by 2027

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Asia Pacific Pet Care Market to reach 132.1 Bn
by 2027 Graphical Research
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Asia Pacific Pet Care Market Size is estimated to
cross USD 132.1 Billion By 2027. Rise in pet
adoption for companionship has led to increased
spending on pet care. High disposable income and
rising prevalence of zoonotic diseases has
further augmented the spending on animal
healthcare. Pet owners are spending huge amount
to give same organic lifestyle to their pets.
Furthermore, pet owners are spending more on pet
services such as grooming, walking, boarding,
exercise, training, pet-sitting and yard service.
Availability of advanced pet surgical procedures,
specialty pet services and rise in pet insurance
will positively impact pet care market growth.
The use of pet medicines and supplements to
ensure healthy lives for pets continues to
upsurge. Moreover, pet owners are more likely to
use digital devices and technology to rise the
popularity of pet technology products. Hence, the
above-mentioned factors will drive the pet care
market growth in the coming years.  However,
high pet care cost and lack of awareness in some
of the countries across the region may impede the
Asia Pacific pet care market growth. Based on
type, the Asia Pacific pet care market is
segmented into pet food, pet care products and
services. Pet food segment held the market share
of around 24 in 2020 and is anticipated to
follow the same trend in the coming years. The
rapid growth of the segment is owing to the
rising number of pet owners shifting towards the
benefits of protein-rich diet, to increase muscle
mass strength, promote satiety, and assist pets
in maintaining the ideal body condition. Hence,
the above mentioned factors will significantly
foster the market growth in the coming years.
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Based on animal, the Asia Pacific pet care market
is segmented into dogs, cats, birds, fishes,
horses and others gloves. Cats segment held the
market share of around 43 in 2020. The high
market share is owing to the growing adoption of
cats as companion animals. Also, with increasing
adoption rate of cats, the expenditure on cat
care products will witness steady growth in the
future that in turn will drive the overall market
growth. Hence, owing to these attributes the
market will witness a significant growth in the
coming years. Based on distribution channel, the
Asia Pacific pet care market is segmented into
stores, E-commerce and others. E-commerce segment
is anticipated to expand at 10.6 CAGR from 2021
to 2027. The higher growth of the segment is
owing to the availability of cost-effective
products on E-commerce platform and flexibility
provided to the consumers. Preference for
E-commerce websites for pet care products is
growing among pet owners as they are willing to
spend more on pet care and grooming products.
Also, various pet care brands are opting to sell
their products online as they get a greater
number of customers online. In addition, various
pet care product manufacturers are adopting
E-commerce to build a better online experience
for their consumers, thereby exploring huge sales
opportunities. Hence, the above-mentioned factors
will stimulate the market growth in the coming
years. Japan pet care held the market share of
around 20 in 2020 and is expected to witness
slow growth in the coming years. Growing number
of people living alone in the country and
shifting demographic trends is stimulating the
younger generation to own pets as a source of
companionship. Furthermore, rising awareness
pertaining to pet health has propelled the demand
for natural and nutritious pet foods in the
country. Presence of major players in the country
has further offered accessibility to the branded
products in the country that in turn is driving
the pet care market growth. Hence, owing to these
attributes the country is projected to witness a
substantial growth in the coming years
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Segmentation of Asia Pacific Pet Care
Market Asia Pacific Pet Care Market, By Type,
2016-2027 (USD Million) Pet Food Pet Care
Products Asia Pacific Pet Care Market, By
Animal, 2016-2027 (USD Million) Dogs Cats Birds A
sia Pacific Pet Care Market, By Distribution
Channel, 2016-2027 (USD Million) Stores E-commerce
Others   The above information is provided for
the following region and countries Japan South
Korea India
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