The pet products in Philippines market is expected to increase by USD 23.0 million, at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2029, according to the latest edition of the Pet Products Market in Philippines Report. The pet products industry has witnessed substantial proliferation in recent years, propelled by various socioeconomic and cultural drivers. Chief among these is the increasing tendency toward anthropomorphism wherein domestic animals are perceived as members of the familial unit. This phenomenon has fostered heightened expenditures on accoutrements and provisions targeted towards enhancing the holistic welfare and enrichment of animal companions.
Concurrently, notable demographic shifts have contributed to the industry’s expansion. The prevalence of nuclear family formations coupled with declining birth rates has engendered a propensity among couples and individuals to regard pets as proxies for children, resulting in amplified expenditures on premium pet foods, veterinary services, and ancillary products. Additionally, the augmentation of disposable incomes, especially within urban locales, has rendered pet ownership a more financially feasible prospect for a broader stratum of the population.
The report offers a comprehensive evaluation of the Philippines pet products market, presenting crucial data on historical market size, growth patterns, and future projections. It provides a thorough breakdown of market segments and sub-segments, with a focus on key variables such as product type, pet type, and distribution channel. This comprehensive evaluation aids in identifying the growth potential within the pet products industry.
Market Segmentation
The pet products market in Philippines is classified into the following segments:
Product type: grooming products, pet healthcare (flea & tick treatments, vitamins & supplements, dewormers, and others), stain & odor control products, others
Pet type: cat, dog, others
Distribution channel: supermarkets and hypermarkets, pet stores, e-commerce, veterinary hospitals, others
The Philippines pet products market is segmented on the basis of product type, pet type, and distribution channel. By product type, the pet products market in Philippines has been segmented into grooming products, pet healthcare (flea & tick treatments, vitamins & supplements, dewormers, and others), stain & odor control products, and others. Based upon pet type, the pet products market in Philippines is categorized into cat, dog, and others. On the basis of distribution channel, the pet products market in Philippines has been segmented into supermarkets and hypermarkets, pet stores, e-commerce, veterinary hospitals, and others.
Competitive Landscape
The Philippines pet products market is highly competitive. The competitive landscape of the industry has also been examined along with the profiles of the key players Elanco Animal Health Incorporated, Gilbert Emerson Marketing Corporation, Mikolas Trading Corporation, Biochemica Inc., AMN SHIELD INC., AVLI Biocare Inc., Herbalmed Asia Incorporated, Leomie Jhoy Enterprises.
The report presents a detailed analysis of the Philippines pet products market, focusing on the performance of major companies between 2019 and 2023. The data offers valuable insights into market share fluctuations, identifying established leaders and the ascent of new entrants. Such information provides companies with the tools needed to enhance their strategic positioning and remain competitive, even as market conditions evolve.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Philippines pet products market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Philippines pet products market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Philippines pet products 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 overviewPhilippines pet products market – product type analysis
Philippines pet products market – pet type analysis
Philippines pet products market – distribution channel analysis
Key players and market share
– Elanco Animal Health Incorporated
– Gilbert Emerson Marketing Corporation
– Mikolas Trading Corporation
– Biochemica Inc.
– AMN SHIELD, INC.
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Philippines pet products market 2019-2029
Chart Philippines pet products market, net growth, 2019-2029
Chart Philippines pet products market, growth rates, 2019-2029
Table Philippines pet products market by product type, 2019-2029
Chart Philippines pet products market by product type, CAGR historic and forecast, 2019-2029
Chart Philippines pet products market by product type, 2019-2029
Table Philippines pet products market by pet type, 2019-2029
Chart Philippines pet products market by pet type, CAGR historic and forecast, 2019-2029
Chart Philippines pet products market by pet type, 2019-2029
Table Philippines pet products market by distribution channel, 2019-2029
Chart Philippines pet products market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Philippines pet products market by distribution channel, 2019-2029
Table Philippines pet products market share (%), by companies, 2019-2023
Chart Philippines pet products market, by companies, 2023
Table Philippines pet products market share (%), by brands, 2019-2023
Chart Philippines pet products market, by brands, 2023
Table Philippines – population (millions) and forecast
Table Philippines – consumer price index (CPI) and forecast
Table Philippines – gross domestic product and forecast
Table Philippines pet products market: spend as a proportion of GDP (%)
Table Philippines pet products market: consumption per capita (population)