The Pet Food Market in Taiwan is being driven by Rising awareness of pet nutrition
The Pet Food Market in Taiwan is expected to grow at a CAGR of 7.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 511.5 million. In the burgeoning pet food market of Taiwan, organic pet food has emerged as a preferred choice for discerning pet owners. This category of pet food is manufactured using organic raw materials, devoid of pesticides, fertilizers, and chemicals. The target species include cats, dogs, birds, fish, and mammals. Organic pet food is derived from plant ingredients, grown free from pesticides, artificial fertilizers, genetic modification, irradiation, and sewage sludge, and animal ingredients sourced from animals fed organic feed, granted access to the outdoors, and not subjected to antibiotics or hormones. The increasing consciousness among consumers regarding the importance of wholesome nutrition for their pets has fueled the demand for organic and natural pet food.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
191 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.4% |
Market growth 2025-2029 |
USD 511.5 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
6.8 |
Key countries |
Taiwan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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In Taiwan, the pet ownership trend is on the rise, particularly among single-person households and young families. The pet population continues to grow, leading to an increased demand for household pets and their essential needs, including pet food. Pet food imports and local manufacturing cater to this demand, using high-quality food ingredients and formulations to ensure nutritional value. Pet food brands prioritize ethical production and responsibility, offering various options like food supplements, treats, chews, accessories, and delivery services. Pet nutrition and health remain top priorities, shaping the future of the pet food industry with innovative products and technologies.
In the dynamic pet food market of Taiwan, key product categories include dry pet food, wet pet food, veterinary diet, treats or snacks, and specialized pet food. Premium and natural options, such as dehydrated pet food and breed-specific care, are increasingly popular. Specialized pet shops and internet sales channels cater to the growing demand for personalized pet nutrition. The market's expansion is driven by factors including the health benefits associated with pet nutrition and the rising trend towards natural and minimally processed pet foods. Vendors in this sector focus on extending shelf life and eliminating microorganisms through food processing, as calculated in market research reports by firms like Technavio. Despite this, the market excludes manufacturers of food processing equipment and producers of packaged alcoholic and non-alcoholic beverages.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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