IMARC Group, a leading market research company, has recently releases report titled “Vietnam Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032” the Vietnam pet food market size is projected to exhibit a growth rate (CAGR) of 5.76% during 2024-2032.
Pet food refers to food products designed to meet the dietary needs and preferences of domestic animals, such as cats and dogs. It provides essential nutrients, including vitamins, protein, fats, carbohydrates, and minerals necessary for the overall health and well-being of pets. It is available in various forms, such as dry kibble, wet canned food, semi-moist treats, and specialized diets tailored to meet specific health conditions or life stages of pets. It is a readily available and easy-to-serve option and eliminates the need to prepare homemade meals while ensuring consistent nutrition. It provides the calories required for pets to maintain their energy levels and stay active. It assists in maintaining a healthy digestive system and alleviating common gastrointestinal issues. It also aids in improving the health and appearance of the skin and reducing itching, dryness, and shedding. As it is beneficial in supporting dental health of pets by reducing plaque and tartar buildup, the demand for pet food is increasing in Vietnam.
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What are the growth prospects and trends in the Vietnam Pet Food industry?
At present, the rising adoption of pet food products to maintain a healthy body condition and prevent obesity-related health issues represents one of the primary factors impelling the growth of the market in Vietnam. In line with this, the growing demand for high-quality pet food products on account of inflating income levels of individuals is offering a positive market outlook in the country. Additionally, the increasing utilization of pet food items, as they have a longer shelf life, is supporting the market growth. Apart from this, there is a rise in the demand for pet food products to reduce the risk of diseases among animals. This, coupled with the increasing adoption of convenient pet food formats, such as single-serving pouches, is strengthening the market growth. Moreover, the wide availability of pet food via online and offline distribution channels in the country is propelling the market growth. Furthermore, rising preferences for ethically sourced ingredients are offering lucrative growth opportunities to industry investors operating in Vietnam.
Who are the key players operating in the industry?
- Archer Daniels Midland Co.
- DoggyMan H.A.Co.,Ltd.
- Perfect Companion Vietnam Co., Ltd.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
What is included in market segmentation?
The report has segmented the market into the following categories:
Product Type Insights:
- Dry Food
- Wet Food
- Treat/Snacks
- Others
The report has provided a detailed breakup and analysis of the market based on the product type. This includes dry food, wet food, treat/snacks, and others.
Animal Type Insights:
- Dogs
- Cats
- Birds
- Others
A detailed breakup and analysis of the market based on the animal type have also been provided in the report. This includes dogs, cats, birds, and others.
Distribution Channel Insights:
- Specialized Pet Shops
- Online Channel
- Supermarkets and Hypermarkets
- Others
The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes specialized pet shops, online channel, supermarkets and hypermarkets, and others.
Regional Insights:
- Northern Vietnam
- Central Vietnam
- Southern Vietnam
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.
Market Breakup by Region:
- Northern Vietnam
- Central Vietnam
- Southern Vietnam
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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