Dog and Cat Food Market size was valued at USD 123.45 Billion in 2024 and is forecasted to grow at a CAGR of 5.2% from 2026 to 2033, reaching USD 180.67 Billion by 2033.
In recent years, South Korea's dog and cat food market has experienced remarkable growth, driven by evolving societal trends and government initiatives. With a declining birth rate and an increasing number of single-person households, many South Koreans are turning to pets for companionship. This shift has led to a significant rise in pet ownership, with households owning pets growing from 3.64 million in 2012 to 6.02 million in 2022.
Reflecting this trend, the pet food market has seen substantial expansion. In 2022, the market generated revenue of USD 1.7 billion and is projected to reach USD 2.5 billion by 2033, growing at a compound annual growth rate (CAGR) of 4.43% from 2025 to 2033. Notably, the dog food segment accounted for the largest revenue share in 2022, while the cat food segment is anticipated to exhibit the fastest growth during the forecast period.
The South Korean government is actively supporting this burgeoning industry. Plans are underway to double the pet care market's size to 15 trillion won (approximately USD 11.4 billion) by 2027. Measures include aligning pet food standards with those of the U.S. and European Union, establishing testing centers for new pet products, and offering low-interest loans to local pet product developers. Additionally, the government aims to boost pet food exports from USD 149 million in 2022 to USD 500 million by 2027.
Consumer preferences are also shifting towards premium and functional pet foods. There's a growing demand for organic, natural, and preservative-free products that offer health benefits such as improved digestion and joint support. This trend mirrors the humanization of pets, with owners seeking products that align with their own dietary preferences, including non-GMO, gluten-free, and vegan options.
However, the industry faces challenges, including stringent regulatory environments and rising raw material costs. Compliance with strict food safety and labeling regulations can be costly, particularly for smaller companies. Additionally, the increasing cost of high-quality ingredients poses profitability challenges for manufacturers.
Despite these hurdles, the outlook for South Korea's dog and cat food market remains positive. The combination of supportive government policies, evolving consumer preferences, and a growing pet population positions the industry for continued growth and innovation in the coming years.
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Colgate-Palmolive
General Mills
Mars
Nestlé
The J.M. Smucker Company
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Dog and Cat Food Market
Dog Food
Cat Food
Dry Food
Wet Food
Raw Food
Freeze-dried Food
Animal-based Ingredients
Plant-based Ingredients
Grain-free Ingredients
Organic Ingredients
Chunks
Gravy
Canned
Biscuits
Premium
Mid-range
Economy
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Dog and Cat Food Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Dog and Cat Food Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Dog and Cat Food Market, By Type
6. South Korea Dog and Cat Food Market, By Application
7. South Korea Dog and Cat Food Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Dog and Cat Food Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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