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South Korea Pet Food Market Size, Share, Growth, Analysis: By Pet Type: Dog Food, Cat Food, Others; By Product Type: Dry Pet Food, Wet and Canned Pet Food, Snacks and Treats; By Pricing Type: Mass Products, Premium Products; By Ingredient Type: Animal Derived, Plant Derived; By Distribution Channel; Competitive Landscape; 2024-2032
South Korea Pet Food Market Size
The South Korea pet food market reached approximately USD 899.92 million in 2023. The market is projected to grow at a CAGR of 7.70% between 2024 and 2032, reaching a value of around USD 1,762.61 million by 2032.
South Korea Pet Food Market Outlook
- China is the top supplier of pet food in South Korea with the United States following close second.
- As per the industry reports in 2023, the pet food export in South Korea witnessed an increase of 56 per cent on year through September.
- The agricultural ministry of South Korea announced in August 2023 that it aims to expand the pet sector to USD 11.47 billion by 2027.
South Korea Pet Food Market Growth
The growing ownership of cats and dogs, rise in disposable income, and increased humanisation of pets are the crucial factors aiding the market growth. A large number of pet owners treat their pets as family members and are willing to spend extra on premium quality pet food products. Moreover, pet food products that meet the specific dietary requirements of a pet such as those which are gluten-free or hypoallergenic have fuelled the sales of pet food in the country.
There is also a surge in the demand for innovative products in South Korea that can offer additional nutrition or address the specific needs of pets. For example, several market players are offering probiotics to enhance digestion, and dental treats that can offer dental care to pets. Sustainability is a prominent trend influencing the pet food market expansion as pet owners become more conscious of their choices and prefer ethically sourced and organic pet food products. There is also an increased demand for sustainable packaging solutions that do not cause environmental pollution.
The South Korean government is focused on expanding and creating a favourable landscape for the pet sector. The Ministry of the Country announced in 2023 that it aims to establish a One-Welfare Valley under which companies can test their pet care products and services such as pet food on pets under regulated conditions in provided facilities. It is also planning on offering low-interest loans to pet product companies to aid with their research and development efforts.
South Korea Pet Food Industry Segmentation
“South Korea Pet Food Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Pet Type
- Dog Food
- Cat Food
- Others
Market Breakup by Product Type
- Dry Pet Food
- Wet and Canned Pet Food
- Snacks and Treats
Market Breakup by Pricing Type
- Mass Products
- Premium Products
Market Breakup by Ingredient Type
- Animal Derived
- Plant Derived
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Speciality Stores
- Online
- Others
South Korea Pet Food Market Share
Based on pet type, dog food dominates the market. The growing popularity of dogs as household pets and the rising cost of good dog food are credited with this, as more dog owners are becoming concerned about their dogs' health. Dogs are carnivores’ animals and typically eat meat-based foods. The demand for goods with more meat and less starch has thus increased because dogs have a comparatively low requirement for carbohydrate content.
Leading Companies in South Korea Pet Food Market
The market players are expanding their production facilities to stay ahead of the competition.
- Mars Inc.
- Nestlé SA
- Hill's Pet Nutrition, Inc.
- Unicharm Corporation
- Cargill, Incorporated
- Happy Dream Company Co. Ltd.
- ATBIO
- Bowwow Korea Co., Ltd
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Pet Type |
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| Breakup by Product Type |
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| Breakup by Pricing Type |
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| Breakup by Ingredient Type |
|
| Breakup by Distribution Channel |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Pet Food Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Pet Food Historical Market (2018-2023)
8.3 Asia Pacific Pet Food Market Forecast (2024-2032)
9 South Korea Pet Food Market Overview
9.1 Key Industry Highlights
9.2 South Korea Pet Food Historical Market (2018-2023)
9.3 South Korea Pet Food Market Forecast (2024-2032)
10 South Korea Pet Food Market by Pet Type
10.1 Dog Food
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Cat Food
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Others
11 South Korea Pet Food Market by Product Type
11.1 Dry Pet Food
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Wet and Canned Pet Food
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Snacks and Treats
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 South Korea Pet Food Market by Pricing Type
12.1 Mass Products
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Premium Products
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 South Korea Pet Food Market by Ingredient Type
13.1 Animal Derived
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Plant Derived
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 South Korea Pet Food Market by Distribution Channel
14.1 Supermarkets and Hypermarkets
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Specialty Stores
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Online
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Value Chain Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Mars Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Nestlé SA
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Hill's Pet Nutrition, Inc.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Unicharm Corporation
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Cargill, Incorporated
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Happy Dream Company Co. Ltd.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 ATBIO
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Bowwow Korea Co., Ltd
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Pet Food Market: Key Industry Highlights, 2018 and 2032
2. South Korea Pet Food Market: Key Industry Highlights, 2018 and 2032
3. South Korea Pet Food Historical Market: Breakup by Pet Type (USD Million), 2018-2023
4. South Korea Pet Food Market Forecast: Breakup by Pet Type (USD Million), 2024-2032
5. South Korea Pet Food Historical Market: Breakup by Product Type (USD Million), 2018-2023
6. South Korea Pet Food Market Forecast: Breakup by Product Type (USD Million), 2024-2032
7. South Korea Pet Food Historical Market: Breakup by Pricing Type (USD Million), 2018-2023
8. South Korea Pet Food Market Forecast: Breakup by Pricing Type (USD Million), 2024-2032
9. South Korea Pet Food Historical Market: Breakup by Ingredient Type (USD Million), 2018-2023
10. South Korea Pet Food Market Forecast: Breakup by Ingredient Type (USD Million), 2024-2032
11. South Korea Pet Food Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
12. South Korea Pet Food Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
13. South Korea Pet Food Market Structure
Key Questions Answered in the Report
In 2023, the pet food market in South Korea reached an approximate value of USD 899.92 million.
The market is estimated to grow at a CAGR of 7.70% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 1,762.61 million by 2032.
The market is being driven due to growing ownership of cats and dogs, a rise in disposable income, and increased humanisation of pets.
The key trends aiding the market include a surge in the demand for innovative products, sustainability, and government incentives and policies.
Based on product type, market segmentations include dry pet food, wet and canned pet food, and snacks and treats, among others.
Different ingredient types are animal derived and plant derived.
The major players in the market are Mars Inc., Nestlé SA, Hill's Pet Nutrition, Inc., Unicharm Corporation, Cargill, Incorporated, Happy Dream Company Co. Ltd., ATBIO, and Bowwow Korea Co., Ltd, among others.
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