The market for pet care in Indonesia is anticipated to surpass US$ 5,372.8 Mn by 2032, at a CAGR of 9.9% from 2022 to 2032, and will likely reach US$ 2,092.1 Mn in 2022. An estimated 0.9 percent to 2.0 percent of the global pet care market’s demand is expected to come from the Indonesian pet care market.
| Attribute | Details |
| Indonesia Pet Care Market Estimated Size 2022 | US$ 2,092.1 Mn |
| Indonesia Pet Care Market Projected Size (2032) | US$ 5,372.8 Mn |
| Indonesia Pet Care Market Growth Rate (2022-2032) | ~9.9% CAGR |
| Top Players Share in 2021. | 1%-5% |
The health advantages of using natural and organic components in pet care products are known to pet owners. The demand for organic and natural formulations has benefited from this. Pet owners favour goods that offer a balanced nutritional profile for animals while being devoid of artificial colours and preservatives.
According to a research by the Association for Pet Obesity Prevention, 55 percent of dogs and cats in the United States are thought to be fat. The possibility to offer value-added products with high-quality ingredients and diet research is enormous given the increased customer interest in luxury goods.
Product introductions with high-quality ingredients that provide value enhance the market for pet care products, which promotes long-term growth prospects. Taking advantage of the current situation
For instance, the Kroger Co. offers natural food products for pets with proteins and essential nutrients. Besides, GMO (genetically organism free) food products are also available for pets in the market.
The rise in the number of pet owners and the growing awareness of veterinary health and investments into animal health organizations are swiftly boosting the prospects of manufacturers through the upcoming decade.
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Key Takeaways from the Pet Care Market Study
- Pet food is expected to hold a noteworthy revenue share of over 65% of all product sales. The growth is attributed to the demand for premium, natural, and organic ingredients.
- Pet care for dogs is expected to contribute revenue share of 35.1% in 2021. The role of dogs as companions and the resulting humanization drives associated sales.
- The U.S. leads the North America market accounting for 90% value share by 2031 owing to higher purchasing power.
- The U.K. accounts for more than 25% of the Europe market with concerns over pet health and investments into product innovation.
- China and South Korea are considered high growth markets for pet care in East Asia, reflecting a CAGR of over 14% with the penetration of key players with premium products.
Impact of COVID-19 on the Market
The outbreak of the novel coronavirus has resulted in an economic downswing owing to disruptions in business operations in various verticals. The retail industry is one of the hardest hit sectors in this crisis. Reduction in the overall discretionary spending, is a temporary challenge for the players.
Many daycare centers and pet hotels were made temporarily non-operational, which has further caused a temporary decrease in the overall revenue of the pet care market. In light of this situation, players are now focused on improving online penetration, as this provides an opportunity to access a wider consumer base at once within minimum costs.
Who is Winning?
Major players present in the pet care market are focusing on aggressive promotional strategies, advertisements, and new product launches have driven sales growth of pet care products and services globally.
Some of the leading players in the industry are Procter & Gamble Co., JM Smucker Co, Nestlé Purina Pet Care Co, Monge & C. Spa, Hill’s Pet Nutrition SNC, Royal Canin SAS, Affinity Petcare France SA, Champion Pet Foods LP, Cargill, C & D Foods, Aller Petfood, Bob Martin, Blue Buffalo Co. Ltd., Cambrian Pet Foods Ltd., Crosswind Industries Inc., and Crown Pet Foods Ltd., among others.
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Indonesia Pet Care Market By Category
By Service Type:
- Product
- Pet Food
- Wet Food
- Dry Food
- Treats & mixers
- Fresh Food
- Pet Healthcare
- Fashion, Toys, and accessories
- Pet Food
- Professional Services
- Day Care
- Grooming/Boarding
- Pet Breeding and Training
- Value Added Service
- Insurance
- Veterinary Care
- Pharmacy
- Adoption and Charity
- Crisis Relief Service
By Pet Type:
- Dogs
- Cats
- Birds
- Fish and Reptiles
- Small Pets
- Horses & Other Livestock
By Service Channel:
- Modern Trade
- Convenience Stores
- Care Services Centres
- Veterinary Clinics
- Online Retails
- Support Care Centres
- Pet Specialty Stores
Get Valuable Insights into Pet Care Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global pet care market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the pet care market based on the service (product{ pet food, pet healthcare, fashion, toys, and accessories}, professional service {day care, grooming boarding, pet breeding and training} value added services {insurance, veterinary care, pharmacy, adoption and charity, crisis relief service}) pet type (dogs, cats, birds, fish and reptiles, small pets, and horses & other livestock), service channel (modern trade, convenience stores, care services centres, veterinary clinics, online retailers, support care centres and pet specialty stores across seven major regions.
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