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South Korea Pet Food Market To Grow at a CAGR of 8.7% During 2024-2032 | IMARC Group The South Korea pet food market size is projected to exhibit a growth rate (CAGR) of 8.7% during 2024-2032. Request a Sample Report: https://lnkd.in/g9gqJmFD The growing number of people adopting pets, increasing preferences for ethically sourced ingredients and sustainable packaging options, and rising focus on preventing pet health issues represent some of the key factors driving the market. Read Also: https://lnkd.in/guBAD2V8 #SouthKoreaPetFoodMarket #PetFood #PetFoodMarket #business #marketanalysis #markettrends #researchreport #marketreport #marketforecast #marketgrowth #businessinsights #industryanalysis #marketoutlook #growthprojections #marketstatistics #competitiveanalysis #trendanalysis #marketinsights #imarcgroup

𝐄𝐮𝐫𝐨𝐩𝐞 𝐏𝐞𝐭 𝐅𝐨𝐨𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞, 𝐒𝐡𝐚𝐫𝐞, 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐 The Europe pet food market size is projected to exhibit a growth rate (CAGR) of 4.7% during 2024-2032. The increasing number of single-individual households and an aging demographic, the growing demand for high-quality, and premium pet food products, and the emergence of innovative pet food formats are some of the key factors driving the market. 𝐆𝐫𝐚𝐛 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://lnkd.in/gwvHSgeC 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬: ● 𝐏𝐫𝐢𝐨𝐫𝐢𝐭𝐢𝐳𝐢𝐧𝐠 𝐏𝐞𝐭 𝐇𝐞𝐚𝐥𝐭𝐡: European pet owners are increasingly investing in premium pet food with better ingredients and nutritional profiles, reflecting their focus on pet health and well-being. ● 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐂𝐥𝐞𝐚𝐧 𝐋𝐚𝐛𝐞𝐥𝐬: Pet food with minimal additives, artificial colors, and preservatives is gaining traction as pet parents seek transparency and natural ingredients. ● 𝐏𝐫𝐞𝐦𝐢𝐮𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐓𝐫𝐞𝐧𝐝: The European pet food market is experiencing a rise in premium products as consumers prioritize quality and health benefits for their furry companions. 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://lnkd.in/g8k7gQ7W #petfood #marketresearch #business #marketanalysis #markettrends #researchreport #marketreport #marketforecast #marketgrowth #businessinsights #industryanalysis #marketoutlook #growthprojections #marketstatistics #competitiveanalysis #trendanalysis #marketinsights #imarcgroup

𝐕𝐢𝐞𝐭𝐧𝐚𝐦 𝐏𝐞𝐭 𝐅𝐨𝐨𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 (𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐) Vietnam pet food market is projected to exhibit a growth rate (CAGR) of 5.76% during 2024-2032. The increasing pet ownership, growing awareness about pet nutrition, sudden shift towards premiumization, rapid technological advancements and innovations, expansion of retail channels, rising trend of pet humanization, and the implementation of favorable government policies represent some of the key factors driving the market. 𝐆𝐫𝐚𝐛 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://lnkd.in/gmrMwf79 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬: ● 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐒𝐚𝐯𝐯𝐲 𝐏𝐞𝐭 𝐎𝐰𝐧𝐞𝐫𝐬: Social media and online platforms fuel pet care knowledge sharing. Companies leverage this for promotion and brand building, fostering a dynamic market. ● 𝐑𝐢𝐬𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧: International brands entering the market challenge local players, pushing them to innovate and offer higher quality pet food. ● 𝐄𝐯𝐨𝐥𝐯𝐢𝐧𝐠 𝐑𝐞𝐭𝐚𝐢𝐥 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞: Modern retail and e-commerce offer convenient access to a wider variety of specialized pet food, catering to diverse pet needs and driving market growth. 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://lnkd.in/gc7acUqg #Vietnampetfood #marketresearch #business #marketanalysis #markettrends #researchreport #marketreport #marketforecast #marketgrowth #imarcgroup #businessgrowth #investmentopportunity #industryanalysis

Trending Tuesday 📈 The United States continues is currently the top #petfood exporter to China, exporting more than $295 million of pet food products from January to October of this year. Though this market offers significant opportunities for the US #petfoodindustry, processors must understand several key trends to fully succeed in the Chinese pet food market. Learn more about this market: https://ow.ly/8Lbg50Us2zJ #trade

🌟 Amazing Growth in the Mexican Pet Food Market! 🌟 The pet food industry in Mexico is thriving, reaching an impressive US$7.7 billion in 2023! 🐾 With over 200 businesses in the sector, the future looks bright as production is projected to grow by 2.5% annually through 2030. Despite the challenges posed by inflation, the demand for quality pet food continues to rise, driven by both increased production volume and evolving consumer preferences. 📈 In fact, after a brief dip, the production is expected to bounce back to 1.85 million tons in 2024! This growth highlights not only the resilience of the industry but also the deepening bond between pets and their owners. 👉 Source: https://hubs.ly/Q02PTl8L0 #PetFoodIndustry #MarketGrowth #Mexico #PetCare #Innovation #BusinessTrends #AnimalNutrition

US #petfood and treat sales are expected to reach $112 billion in sales in 2030, an increase from $64 billion in 2023. In order to reach these lofty goals, the #petfoodindustry will need to stay tuned to evolving consumer demand while also battling continued supply chain challenges and a shifting regulatory environment. “The data has shown that the pet industry has remained incredibly strong since 2009 despite wide-scale economic challenges,” said Pete S., president and chief executive officer of American Pet Products Association (APPA). “While there are signs of slowing, the industry is resilient, especially compared to other industries.” Continue reading about the current state of the industry and where’s its headed: https://ow.ly/sVLt50TK52n

#Petfood and treats industry is projected to witness a CAGR of 7.9% during the period 2024-2032. This growth can be attributed to increasing trend of pet humanization.

Argentina’s Growing Influence in Global Pet Food Exports Highlighted in Study Read More: https://lnkd.in/dVZsW2Ge #ArgentinasGrowingInfluenceinGlobalPetFoodExportsHighlightedinStudy #Food #Argentina #petfood #GlobalPetFoodExports #Argentinasexport #Global

📈 The Future of Pet Food is Fresh! 🐾 ▼Pet Food Processing shared some fascinating insights about the US pet food market. According to Euromonitor International, the global market will reach $151.8 billion in 2024, marking a 7.6% increase from the previous year. In the US, the refrigerated and frozen dog food category saw an impressive 28.9% growth in 2024, following a strong 31.7% increase in 2023, and the figure it is not yet capturing all the players, especially pure D2C. This snapshot send a clear message about where the pet food market is heading: towards fresh and natural solutions. This is a trend that we cannot ignore, especially here in Europe, where the fresh pet food segment is set to follow the same path as the US market.

The US #petfoodindustry continues to grow at a rapid pace and this growth wouldn’t be possible without the support from industry associations. From breaking down trade barriers to advocating for stakeholders on regulatory challenges, several associations are dedicated to helping advance the industry’s main goal — nourishing pets. Read more about some of these associations and their work to help the industry: https://ow.ly/2hXL50Uh26l #petfood #petfoodprocessing