Thailand is an important and growing market in the global competitiveness. In 2014, the market was valued at $317.8 million dollars and is expected to grow at a CAGR of 9% to reach $533.2 million dollars by 2020. The newly industrialized nature of the market and increasing preference for westernized lifestyles make it an ideal destination for the future growth. The major constrain for the market is the political instability that has resulted from the recent coup by the military junta. The country offers a high volume growth due to its nascent status and developing stature.
The market is segmented based on the product type, animal type, pricing and sales channels. Pet meal holds the major share of 47%, it includes dry food and wet food. It is estimated to grow at a fastest CAGR of XX% during the forecast period. Due to increase in infections and allergies, high frequency of visiting pet clinic is observed, this has led to raise the sales of veterinary diets through specialized pet shops or vet clinics. Organic products are on rise compared to pet meal and treats, as the owners of pets are shifting towards the natural ingredients in concern of their companion health. Rise in cat adoption rates has led the growth of liquid food in the market. Dog population in Thailand is much greater than the cat population. Among them, rural and stray dogs are leading in the number. But Thais prefer the manageable dogs; this has resulted in demand for foreign dogs. Foreign dogs are six times greater than the local dogs (excluding stray dogs) in terms of adoption in Thailand. Due to long term presence and low prices economy segment is matured and popular choice amongst on most of the owners
Mars with its dominant presence in both cat and dog food segment is the leader in the Thailand Pet food market with around 21% market share. Nestle Purina and Charoen Pokphand Group closely follow behind and together account for around 25% market share. Local manufacturers, S.I.P. Siam Inter Pacific Co., Ltd, Betagro and Thai Union Frozen Products are also important and developing competitors. Other manufacturers registered 44% of the pet food market share. These include companies such as Carolina Prime, Merrick, Bil-Jac, Dingo, CANIDAE, HI-TOR, Diamond Pet Foods, etc.
In this report we offer,
Market Definition for the specified topic along with identification of key drivers and restraints for the market.
Market analysis for the Thailand Pet Food Market, with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
Identification and analysis of the Macro and Micro factors that affect the Thailand Pet Food Market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Why should you buy this report?
For getting a comprehensive overview of the Thailand Pet Food Market
To gain wide-ranging information about the major players in this industry and the strategies adopted by them.
To gain an insight about the major countries/regions in which this industry is blooming and also identify the regions, which are untapped.
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