Cat Food Market in South Korea
South Korea cat food market by product (dry foods, treats, toppers, or mixers, wet food), by price range (economy cat food, premium cat food), by distribution channel (e-commerce, pet specialty stores, supermarkets & hypermarkets, veterinary clinics, others), industry snapshot, 2022-2028
Description
Today, cats are one of the most popular and cherished pets in the world. Research has shown that cats can provide emotional support, improve moods, and contribute to the overall morale of their owners. Cats are also credited with promoting socialization among older individuals and physically or mentally disabled people. According to Gen Consulting Company, the cat food market in South Korea is set to achieve an incremental growth of USD 411 million, acelerating at a CAGR of almost 8.6% during the forecast period 2022-2028.
This industry report offers market estimates of the South Korea market, followed by a detailed analysis of the product, price range, and distribution channel. The South Korea market data on cat food can be segmented by product: dry foods, treats, toppers, or mixers, wet food. According to the research, the dry foods segment had the largest share in the cat food market in South Korea. Cat food market is further segmented by price range: economy cat food, premium cat food. Based on distribution channel, the cat food market is segmented into: e-commerce, pet specialty stores, supermarkets & hypermarkets, veterinary clinics, others.
The South Korea cat food market is highly competitive. As of 2021, the major players in the South Korea cat food market were Mars Incorporated, Wooriwa Co. Ltd., Daejoo Co. Ltd., INABA PETFOOD Co. Ltd., Nestle S.A., Dongwon Group, Harim Co. Ltd., Nexus Capital Management LP (Natural Balance), Sajo Group Inc., Cargill Incorporated, Colgate-Palmolive Company, Vitakraft pet care GmbH & Co. KG, Natural Core Co. Ltd., ZIWI Limited, Cho and Kang Co. Ltd.
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive coverage of the market across different market segments, the report is a valuable asset for the existing players, new entrants and the future investors.
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