According to the latest market study results, the pet food market in South Korea stood at around USD 2,538 million in 2023 and is projected to rise to a worth of USD 3,767 million by 2029 end, thereby garnering a CAGR of 6.8% during 2024-2029. In South Korea, the pet food market is propelled by a pronounced shift towards premium and natural products, as pet owners increasingly treat their pets as family members and prioritize their health and well-being. The aging population is also contributing to market growth, with older consumers often investing more in the care of companion animals. Furthermore, the trend towards smaller households and single-person living arrangements is driving higher pet adoption rates, leading to increased demand for specialized and high-quality pet food options tailored to different breeds and life stages.
The report provides a comprehensive analysis of the South Korea pet food industry, presenting detailed market data including historical market size, growth rates, and future forecasts. It offers an in-depth examination of various market categories and subcategories, with a particular focus on key factors such as pet type, type, pricing, ingredient, and distribution channel. The insights gained from this evaluation help reveal the growth potential within the pet food sector.
Market Segmentation
The segmentation of the pet food market in South Korea is outlined below:
Pet type: cat (dry food, wet food, toppers & mixers), dog (dry food, wet food, toppers & mixers), bird, fish, others
Type: therapeutic pet foods, non-therapeutic pet foods
Pricing: economy pet food, premium/super premium pet food
Ingredient: acidity regulators, cereals, coloring agents, fats and oils, flours, humectants, proteins, sweeteners, vitamins and minerals, others
Distribution channel: convenience stores, supermarkets and hypermarkets, warehouse clubs, grocery stores, small grocery stores, pet shops, e-commerce, veterinary clinics, others
The South Korea pet food market is segmented on the basis of pet type, type, pricing, ingredient, and distribution channel. By pet type, the pet food market in South Korea has been segmented into cat (dry food, wet food, toppers & mixers), dog (dry food, wet food, toppers & mixers), bird, fish, and others. Based upon type, the pet food market in South Korea is categorized into therapeutic pet foods, and non-therapeutic pet foods. On the basis of pricing, the pet food market in South Korea has been segmented into economy pet food, and premium/super premium pet food. By ingredient, the pet food market in South Korea has been segmented into acidity regulators, cereals, coloring agents, fats and oils, flours, humectants, proteins, sweeteners, vitamins and minerals, and others. Based on distribution channel, the pet food market in South Korea is categorized into convenience stores, supermarkets and hypermarkets, warehouse clubs, grocery stores, small grocery stores, pet shops, e-commerce, veterinary clinics, and others.
Competitive Landscape
The South Korea pet food market is highly competitive. The report also includes the profiles of leading companies such as ZIWI Limited, Yuhan Corporation, Wooriwa Co. Ltd., Wellness Pet Company, Vitakraft pet care GmbH & Co. KG, Sungbo Pet Healthcare Inc., Sajo Group Inc., Petcurean Pet Products Inc. (PPN Limited Partnership), Pet World Co. Ltd., Pet The Man Co Ltd., Pet Channel Co. Ltd., Nestle S.A., Natural Core Co. Ltd., MRS International Co. Ltd., Medicopet Co. Ltd., Mars Incorporated, KT&G Corporation, INABA PETFOOD Co. Ltd., Harim Co. Ltd., GN Food Co. Ltd., Forcans Inc., Ethos Pet Brands LLC, Dongwon Group, Daejoo Co. Ltd., Colgate-Palmolive Company, Cho and Kang Co. Ltd., CHD Medics Co. Ltd., Cargill Incorporated, Bowwow Korea Co. Ltd., Anbio Inc.
The report offers a comprehensive review of the South Korea pet food market, focusing on key players’ performance over the 2019-2023 period. The information highlights shifts in market share, identifying both established market leaders and emerging players. By utilizing this data, businesses can enhance their competitive positioning, refining their strategies to better navigate a competitive and evolving market landscape.
Why Buy This Report?
Obtain precise statistical data and forecasts for the South Korea pet food market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the South Korea pet food market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Korea pet food market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
Table of Contents
TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewSouth Korea pet food market – pet type analysis
South Korea pet food market – type analysis
South Korea pet food market – pricing analysis
South Korea pet food market – ingredient analysis
South Korea pet food market – distribution channel analysis
Key players and market share
– ZIWI Limited
– Yuhan Corporation
– Wooriwa Co., Ltd.
– Wellness Pet Company
– Vitakraft pet care GmbH & Co. KG
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table South Korea pet food market 2019-2029
Chart South Korea pet food market, net growth, 2019-2029
Chart South Korea pet food market, growth rates, 2019-2029
Table South Korea pet food market by pet type, 2019-2029
Chart South Korea pet food market by pet type, CAGR historic and forecast, 2019-2029
Chart South Korea pet food market by pet type, 2019-2029
Table South Korea pet food market by type, 2019-2029
Chart South Korea pet food market by type, CAGR historic and forecast, 2019-2029
Chart South Korea pet food market by type, 2019-2029
Table South Korea pet food market by pricing, 2019-2029
Chart South Korea pet food market by pricing, CAGR historic and forecast, 2019-2029
Chart South Korea pet food market by pricing, 2019-2029
Table South Korea pet food market by ingredient, 2019-2029
Chart South Korea pet food market by ingredient, CAGR historic and forecast, 2019-2029
Chart South Korea pet food market by ingredient, 2019-2029
Table South Korea pet food market by distribution channel, 2019-2029
Chart South Korea pet food market by distribution channel, CAGR historic and forecast, 2019-2029
Chart South Korea pet food market by distribution channel, 2019-2029
Table South Korea pet food market share (%), by companies, 2019-2023
Chart South Korea pet food market, by companies, 2023
Table South Korea pet food market share (%), by brands, 2019-2023
Chart South Korea pet food market, by brands, 2023
Table South Korea – population (millions) and forecast
Table South Korea – consumer price index (CPI) and forecast
Table South Korea – gross domestic product and forecast
Table South Korea pet food market: spend as a proportion of GDP (%)
Table South Korea pet food market: consumption per capita (population)