South Korea Dog Food Market Overview 2023-2028
The South Korea dog food market size reached US$ 1.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.
Dog food is a tailored nutritional product engineered to support the health and vitality of dogs. It is formulated with a precise combination of nutrients, proteins, vitamins, and minerals to supply the fundamental components required for ideal growth, sustained energy, and overall well-being. With its ability to cater to diverse dietary needs, including those determined by a dog’s age, size, breed, and health status, dog food is experiencing a rising demand in South Korea, promoting healthier and more active lives for our furry companions.
South Korea Dog Food Market Trends and Drivers:
Currently, the South Korean market for premium and nutritious pet food is experiencing substantial growth, driven by several key factors. Firstly, there is a growing demand among pet owners for high-quality nutrition to cater to their beloved furry companions. Additionally, the preference for commercially manufactured dog food, expertly formulated to meet specific dietary requirements, is gaining momentum over traditional homemade diets, further boosting market expansion. Moreover, the increasing popularity of dog food options free from artificial additives presents attractive opportunities for investors in the South Korean pet food industry. The extensive availability of these products through both online and offline distribution channels within the country is also exerting a positive influence on market dynamics. Furthermore, the increasing adoption of safe and clean-label dog food products with minimal side effects is contributing significantly to the market’s growth in South Korea.
The report segmented the market on the basis of region, product type, pricing type, ingredient type and distribution channel.
Breakup by Product Type:
- Dry Dog Food
- Dog Treats
- Wet Dog Food
Breakup by Pricing Type:
- Premium Products
- Mass Products
Breakup by Ingredient Type:
- Animal Derived
- Plant Derived
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online
- Others
Breakup by Region:
- East
- West
- Southwest
- Southeast
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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