With rapid urbanization, the growth of e-commerce, increase in awareness of animal welfare, increase in pet-product information availability and the increase in the locals pushing back plans for marriage and/or children, the pet ownership is growing steadily thereby fuelling the pet food market in Thailand. Supported by factors like 24 hour emergency veterinary assistance, easy availability of pet food, toys, grooming items and clothing for pets, Thailand’s pet sector occupies a prominent position in the Asian Pet industry. Owing to the country’s large devout Buddhist population, kindness towards animals is a central part of Thai culture.
Dogs are the most popular pets in the country, followed by cats, although smaller pets such as hamsters, rabbits, fish and reptiles are also seen frequently. Recently, the Thai pet welfare societies, such as the A CALL for Animal Rights Thailand, The Voice Foundation, Soi Dog Foundation, Lanta Animal Welfare, have been spreading awareness by posting videos and images of stray cats and dogs through the social media, encouraging pet adoption.
Rising e-commerce trend in Upper-Middle Class Population
The World Bank in 2011 improved the income categorization from a lower-middle income economy to an upper-middle income economy in Thailand due to the flourishing gross national income (GNI) per capita. Accordingly, the upper-middle class section occupied about twenty five percent of Thailand’s population of 69 million in the late 2016. This section’s purchasing power is high and the decisions are influenced by the social media interactions. The retail sector and distribution channels are organized and developed in Thailand fuelling the online shopping and the e-commerce trend.
The Thailand pet food market has been segmented by product, pricing, animals and sales channel type. Organic products are the fastest-growing sector, owing to high health awareness among pet owners. Cat food is a significant market, regarding market value, although high dog adoption rates are expected to propel the dog food market at a faster CAGR in the next five years.
Growing investments in the pet food sector
Thailand consists of a potential to welcome investors into the country’s growing premium pet food sector. Thailand, being a developing market, has a rising middle class that fuels the pet food market. The pet owners, owing to the trend of pet humanization, chose pet food that is rich with nutrients and which is healthy.
This trend of investment is evident from the expansion of the Thai Union Group. This canned tuna producer in the last quarter of 2016 expanded the company’s production facilities. Although the country enjoyed a strong baht, which resulted in increase of prices of Thai products for export markets, the pet food sales of Thai Union group in Thailand, increased by approximately 14 percent in 2016.
Also, Betagro, one more Thai pet food manufacturer, made investments to increase its ability to keep meats cold during processing. This way the company aims to increase its focus on the domestic market.
Key Developments in the Market:
- January 2018: Human Rights Watch (HRW) authored "Hidden Chains: Forced Labor and Rights Abuses in Thailand's Fishing Industry” to describe the human trafficking involved in the Thailand fishing industry. This seafood is often used to make canned pet food.
- May 2017: Germany’s Interquell has entered the Thailand pet food market under a joint venture with a local partner, Technic Pet Holding.
Reasons to Purchase this Report:
- Provides latest insights into the Thailand Pet food Industry.
- Gives a detailed analysis of the competitive landscape in the pet food industry segmented by product type, by pricing, by sales channel type.
- Analyses the market scenario with the help of Porter’s Five Forces Analysis.
- Forecasts the market volume and value by assessing the impact of the market drivers and constraints.
- 3 months analyst support along with the Market Estimate sheet (in excel).
1.1. Research Methodology
1.2. General Study Assumptions
2. Research Methodology
2.2. Analysis Methodology
2.3. Study Assumptions
2.4. Econometric Forecast Model
3. Executive Summary
4. Market Overview And Technology Trends
4.1. Current Market Scenario
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power Of The Suppliers
4.3.2. Bargaining Power Of The Consumers
4.3.3. Threat Of New Entrants
4.3.4. Threat Of Substitute Products And Services
5. Market Dynamics
5.1.1 Pet Refinement/ Humanization influencing the purchasing decisions
5.1.2 Changing perception of consumer towards pet health
5.1.3 Increasing trend of nuclear family
5.1.4 Increasing sales from Therapeutic pet food
5.2.1 Issues with regulatory
5.2.2 Pets increasing obesity
5.2.3 Pet allergies
5.3.1 Growing demand for innovative pet food
5.3.2 Increasing online sales and home delivery
5.3.3 Growth in demand for natural and organic pet foods
6. Market Segmentation
6.1 By Product
6.1.1 Dry Pet Foods
22.214.171.124 Grain Free
6.1.2 Wet Pet Foods
126.96.36.199 Grain Free
6.1.3 Veterinary Diets
6.1.5 Liquid Food
6.1.6 Organic Product
6.2 By Pricing
6.2.1 Economic Segment
6.2.2 Premium Segment
6.2.3 Super Premium Segment
6.3 By Animal Type
6.3.4 Other Animals
6.4 By Ingredients Type
6.4.1 Animal Derived
6.4.2 Plant Derived
6.4.3 Cereals and Cereal Derivatives
6.5 By Sales Channels
6.5.1 Specialized Pet Shops
6.5.2 Internet Sales
6.5.4 Others (Grocery, Non-Grocery Stores)
7. Competitive Landscape
7.1 Market Shares of Leading Players
7.2 Strategies Adopted by Leading Players
8. Company Profiles
8.1 Mars Inc
8.2 Nestle SA (Purina)
8.3 Colgate Palmolive ( Hill's Pet Nutrition)
8.4 Uni-Charm Corp
8.5 Nutriara Alimentos Ltda
8.6 InVivo NSA
8.7 Debifu Pet Products Co. Ltd
8.8 Yamahisa Pet Care
8.9 Heristo AG
8.12 J.M.Sucker (Big Heart)
8.13 Diamond Pet Foods
8.14 Blue Buffalo
8.15 Merrick Pet Care
8.16 Sunshine Mills
8.17 Ainsworth Pet Nutrition
- Mars Inc
- Nestle SA (Purina)
- Colgate Palmolive ( Hill's Pet Nutrition)
- Uni-Charm Corp
- Nutriara Alimentos Ltda
- InVivo NSA
- Heristo AG
- J.M.Sucker (Big Heart)
- Diamond Pet Foods
- Blue Buffalo
- Merrick Pet Care
- Sunshine Mills
- Ainsworth Pet Nutrition
- Yamahisa Pet Care
- Debifu Pet Products Co. Ltd