South Korea Dog Food Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “South Korea dog food market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the South Korea dog food market trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
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.
Canine nutrition is a tailored dietary solution meticulously created to support the health and vitality of dogs. This specially formulated blend encompasses crucial nutrients, proteins, vitamins, and minerals, all geared towards fostering optimal growth, energy levels, and overall well-being in dogs. As it caters to diverse dietary needs depending on a dog’s age, size, breed, and health status, the popularity of dog food is on the rise in South Korea.
South Korea Dog Food Market Trends and Drivers:
Currently, the burgeoning demand for premium, nutrition-packed food for beloved pets is a pivotal driving force behind South Korea’s pet food market expansion. Additionally, the increasing inclination towards commercially crafted dog food, meticulously designed by experts to meet specific dietary requirements, is fortifying market growth when compared to traditional homemade diets. Moreover, the surging preference for food options free from artificial additives is presenting attractive growth prospects for investors in the South Korean pet food industry. Furthermore, the widespread availability of dog food across online and offline distribution channels is exerting a positive influence on the market. Lastly, the rising adoption of safe, clean-label products with no adverse effects is further propelling market 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
Breakup by Region:
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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