South Korea Pet Food Market Report and Forecast 2025-2034
Description
The South Korea pet food market reached approximately USD 899.92 Million in 2024. The market is projected to grow at a CAGR of 7.70% between 2025 and 2034, reaching a value of around USD 1889.56 Million by 2034.
South Korea Pet Food Market Growth
The growing ownership of cats and dogs, rise in disposable income, and increased humanisation of pets are the crucial factors aiding the market growth. A large number of pet owners treat their pets as family members and are willing to spend extra on premium quality pet food products. Moreover, pet food products that meet the specific dietary requirements of a pet such as those which are gluten-free or hypoallergenic have fuelled the sales of pet food in the country.
There is also a surge in the demand for innovative products in South Korea that can offer additional nutrition or address the specific needs of pets. For example, several market players are offering probiotics to enhance digestion, and dental treats that can offer dental care to pets. Sustainability is a prominent trend influencing the pet food market expansion as pet owners become more conscious of their choices and prefer ethically sourced and organic pet food products. There is also an increased demand for sustainable packaging solutions that do not cause environmental pollution.
The South Korean government is focused on expanding and creating a favourable landscape for the pet sector. The Ministry of the Country announced in 2023 that it aims to establish a One-Welfare Valley under which companies can test their pet care products and services such as pet food on pets under regulated conditions in provided facilities. It is also planning on offering low-interest loans to pet product companies to aid with their research and development efforts.
South Korea Pet Food Industry Segmentation
“South Korea Pet Food Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Pet Type:
Dog Food
Cat Food
Others
Market Breakup by Product Type:
Dry Pet Food
Wet and Canned Pet Food
Snacks and Treats
Market Breakup by Pricing Type:
Mass Products
Premium Products
Market Breakup by Ingredient Type:
Animal Derived
Plant Derived
Market Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Speciality Stores
Online
Others
South Korea Pet Food Market Share
Based on pet type, dog food dominates the market. The growing popularity of dogs as household pets and the rising cost of good dog food are credited with this, as more dog owners are becoming concerned about their dogs' health. Dogs are carnivores’ animals and typically eat meat-based foods. The demand for goods with more meat and less starch has thus increased because dogs have a comparatively low requirement for carbohydrate content.
Leading Companies in South Korea Pet Food Market
The market players are expanding their production facilities to stay ahead of the competition.
Mars Inc.
Nestlé SA
Hill's Pet Nutrition, Inc.
Unicharm Corporation
Cargill, Incorporated
Happy Dream Company Co. Ltd.
ATBIO
Bowwow Korea Co., Ltd
Others
South Korea Pet Food Market Growth
The growing ownership of cats and dogs, rise in disposable income, and increased humanisation of pets are the crucial factors aiding the market growth. A large number of pet owners treat their pets as family members and are willing to spend extra on premium quality pet food products. Moreover, pet food products that meet the specific dietary requirements of a pet such as those which are gluten-free or hypoallergenic have fuelled the sales of pet food in the country.
There is also a surge in the demand for innovative products in South Korea that can offer additional nutrition or address the specific needs of pets. For example, several market players are offering probiotics to enhance digestion, and dental treats that can offer dental care to pets. Sustainability is a prominent trend influencing the pet food market expansion as pet owners become more conscious of their choices and prefer ethically sourced and organic pet food products. There is also an increased demand for sustainable packaging solutions that do not cause environmental pollution.
The South Korean government is focused on expanding and creating a favourable landscape for the pet sector. The Ministry of the Country announced in 2023 that it aims to establish a One-Welfare Valley under which companies can test their pet care products and services such as pet food on pets under regulated conditions in provided facilities. It is also planning on offering low-interest loans to pet product companies to aid with their research and development efforts.
South Korea Pet Food Industry Segmentation
“South Korea Pet Food Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Pet Type:
Dog Food
Cat Food
Others
Market Breakup by Product Type:
Dry Pet Food
Wet and Canned Pet Food
Snacks and Treats
Market Breakup by Pricing Type:
Mass Products
Premium Products
Market Breakup by Ingredient Type:
Animal Derived
Plant Derived
Market Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Speciality Stores
Online
Others
South Korea Pet Food Market Share
Based on pet type, dog food dominates the market. The growing popularity of dogs as household pets and the rising cost of good dog food are credited with this, as more dog owners are becoming concerned about their dogs' health. Dogs are carnivores’ animals and typically eat meat-based foods. The demand for goods with more meat and less starch has thus increased because dogs have a comparatively low requirement for carbohydrate content.
Leading Companies in South Korea Pet Food Market
The market players are expanding their production facilities to stay ahead of the competition.
Mars Inc.
Nestlé SA
Hill's Pet Nutrition, Inc.
Unicharm Corporation
Cargill, Incorporated
Happy Dream Company Co. Ltd.
ATBIO
Bowwow Korea Co., Ltd
Others
Table of Contents
95 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Asia Pacific Pet Food Market Overview
- 5.1 Key Industry Highlights
- 5.2 Asia Pacific Pet Food Historical Market (2018-2024)
- 5.3 Asia Pacific Pet Food Market Forecast (2025-2034)
- 6 South Korea Pet Food Market Overview
- 6.1 Key Industry Highlights
- 6.2 South Korea Pet Food Historical Market (2018-2024)
- 6.3 South Korea Pet Food Market Forecast (2025-2034)
- 7 South Korea Pet Food Market by Pet Type
- 7.1 Dog Food
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Cat Food
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Others
- 8 South Korea Pet Food Market by Product Type
- 8.1 Dry Pet Food
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Wet and Canned Pet Food
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Snacks and Treats
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 9 South Korea Pet Food Market by Pricing Type
- 9.1 Mass Products
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Premium Products
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 South Korea Pet Food Market by Ingredient Type
- 10.1 Animal Derived
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Plant Derived
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 11 South Korea Pet Food Market by Distribution Channel
- 11.1 Supermarkets and Hypermarkets
- 11.1.1 Historical Trend (2018-2024)
- 11.1.2 Forecast Trend (2025-2034)
- 11.2 Specialty Stores
- 11.2.1 Historical Trend (2018-2024)
- 11.2.2 Forecast Trend (2025-2034)
- 11.3 Online
- 11.3.1 Historical Trend (2018-2024)
- 11.3.2 Forecast Trend (2025-2034)
- 11.4 Others
- 12 Market Dynamics
- 12.1 SWOT Analysis
- 12.1.1 Strengths
- 12.1.2 Weaknesses
- 12.1.3 Opportunities
- 12.1.4 Threats
- 12.2 Porter’s Five Forces Analysis
- 12.2.1 Supplier’s Power
- 12.2.2 Buyer’s Power
- 12.2.3 Threat of New Entrants
- 12.2.4 Degree of Rivalry
- 12.2.5 Threat of Substitutes
- 12.3 Key Indicators for Demand
- 12.4 Key Indicators for Price
- 13 Value Chain Analysis
- 14 Competitive Landscape
- 14.1 Supplier Selection
- 14.2 Key Global Players
- 14.3 Key Regional Players
- 14.4 Key Player Strategies
- 14.5 Company Profiles
- 14.5.1 Mars Inc.
- 14.5.1.1 Company Overview
- 14.5.1.2 Product Portfolio
- 14.5.1.3 Demographic Reach and Achievements
- 14.5.1.4 Certifications
- 14.5.2 Nestlé SA
- 14.5.2.1 Company Overview
- 14.5.2.2 Product Portfolio
- 14.5.2.3 Demographic Reach and Achievements
- 14.5.2.4 Certifications
- 14.5.3 Hill's Pet Nutrition, Inc.
- 14.5.3.1 Company Overview
- 14.5.3.2 Product Portfolio
- 14.5.3.3 Demographic Reach and Achievements
- 14.5.3.4 Certifications
- 14.5.4 Unicharm Corporation
- 14.5.4.1 Company Overview
- 14.5.4.2 Product Portfolio
- 14.5.4.3 Demographic Reach and Achievements
- 14.5.4.4 Certifications
- 14.5.5 Cargill, Incorporated
- 14.5.5.1 Company Overview
- 14.5.5.2 Product Portfolio
- 14.5.5.3 Demographic Reach and Achievements
- 14.5.5.4 Certifications
- 14.5.6 Happy Dream Company Co. Ltd.
- 14.5.6.1 Company Overview
- 14.5.6.2 Product Portfolio
- 14.5.6.3 Demographic Reach and Achievements
- 14.5.6.4 Certifications
- 14.5.7 ATBIO
- 14.5.7.1 Company Overview
- 14.5.7.2 Product Portfolio
- 14.5.7.3 Demographic Reach and Achievements
- 14.5.7.4 Certifications
- 14.5.8 Bowwow Korea Co., Ltd
- 14.5.8.1 Company Overview
- 14.5.8.2 Product Portfolio
- 14.5.8.3 Demographic Reach and Achievements
- 14.5.8.4 Certifications
- 14.5.9 Others
Pricing
Currency Rates
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