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 niche segment is characterized by its use of organic raw materials, free from pesticides, fertilizers, and chemicals. Catering to a diverse range of domesticated animals including cats, dogs, birds, fish, and mammals, organic pet food is produced from plant ingredients grown without the use of artificial fertilizers, genetic modification, irradiation, or sewage sludge, and animal ingredients sourced from animals raised on organic feed, given access to the outdoors, and not treated with antibiotics or hormones. Amidst growing consumer awareness regarding the importance of wholesome nutrition for pets, the demand for organic and natural pet food is on the rise in Taiwan.
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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 |
fragmentation |
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's pet food market, processing of dry and wet pet food, treat manufacturing, and adherence to pet food safety and quality standards are key. Pet food technology focuses on ingredient traceability, nutritional requirements, and adherence to AAFCO standards. Marketing strategies consider consumer behavior, brand loyalty, and pricing. Premium pet food trends include raw, organic, natural, holistic, limited ingredient, single-protein, hypoallergenic, specialty, and veterinary diets. Distribution channels span retail sales and e-commerce platforms.
In the pet food industry, Taiwan's market for packaged pet food and meat products is a significant sector, encompassing businesses engaged in the processing and manufacturing of pet food ingredients. The market's size is determined by the consolidated revenue generated by these entities. It is important to note that this market does not include vendors of food processing equipment or producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. Key growth drivers for the Taiwanese pet food market include the health benefits linked to the consumption of minimally processed pet food. These products, such as minimally processed animal proteins, offer essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C, contributing to improved animal nutrition and overall wellbeing.. 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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