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 food, commonly known as dog food, is a specially formulated and processed nourishment crafted for the consumption of domestic dogs. This type of food encompasses a combination of meat, poultry, fish, grains, vegetables, and fruits, delivering essential nutrients to fulfill the dietary requirements of dogs for growth, maintenance, and overall well-being. Available in diverse forms like dry kibble, canned, semi-moist, and raw, it caters to various preferences and nutritional needs of dogs. To maintain freshness and convenience, it is packaged in airtight containers such as bags, cans, and pouches. Additionally, when dogs chew on it, it aids in promoting dental health by reducing plaque and tartar buildup.
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South Korea Dog Food Market Trends and Drivers:
The growing trend of families adopting dogs in South Korea is a significant driver behind the increasing demand for high-quality dog food. Furthermore, there is a rising awareness among pet owners about the importance of maintaining their pets’ health and well-being. This awareness is fueling the demand for dog food that offers specific health benefits, including weight management, joint health, and dental care. In addition to this, the preference for natural and organic ingredients in dog food is prompting manufacturers to develop products that are free from artificial additives and preservatives. The market is also being propelled by endorsements and recommendations from veterinarians for specific dog food brands or formulations.
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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