Rising demand for the higher nutrient value in the pet foods is driving the growth if Japan Pet foods Market, FY2017-FY2027.
According to TechSci report on, “Japan Pet Foods MarketBy Pet Type (Dogs, Cats, Fish, Others), By Product Type (Dry Food, Wet and Canned Pet Food, Others (Treats, Flake & Pellet, Freeze-Dried, etc.)), By Distribution Channel (Dedicated Pet Store, Supermarket/Hypermarket, Online Retail & Others), By Region, Competition Forecast & Opportunities, FY2027”, Japan pet foods market has shown promising growth in historical years until FY2020 and is expected to continue its growth in upcoming forecast years FY2023 to FY2027. Japan pet foods market owes its growth to the factors like rapidly increasing geriatric population of the country. Older population is more susceptible to keeping pets and the companion animals and thus driving the growth of the Japan pet foods market in the upcoming five years. Rapid urbanization and global trends of keeping multiple pets is further substantiating the growth of the Japan pet foods market in the next five years. Pet owners are preferring organic and natural pet food for their pets due to the adverse effects of synthetic and the use of preservatives in pet food. The rise in consumer awareness has led to a higher focus on maintaining health and providing them with essential nutrients.
Pet food is the nutritional supply and food intake for the companion animals and pet animals. Typically available in the supermarkets, hypermarkets and some of the specialty pet stores the pet foods are one of the FMCG products available for the pets. The nutrient content of these food items is specifically designed as it is required by the pet animal.
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Segmentation of Japan pet foods market are based on pet type, product type, distribution channel, regional distribution, top 3 states analysis in each region, and competitional landscape. Based on product type, the market is further segmented into dry food, wet and canned pet food, and others (treats, flake & pellet, freeze-dried, etc.). Dry food is anticipated to hold the largest revenue shares of the market and assert its dominance over the market segment in the upcoming five years on the account of surge in the demand for dry food since it offers several advantages over the other sub-segments. The dry foods are easy to store and feed the animals due to its advantages like low moisture content. Canned pet food is also expected to register a significant growth in the upcoming five years on the account of rapidly increasing fish-owning population in the country. Also, since the aquaculture is expanding in the country, the demand for the pet food is further substantiating the growth of the Japan pet foods market in the next five years.
The Japan pet foods market is growing along with the developing and evolving market players like Mars Petcare, Nestle SA (Purina), Colgate Palmolive (Hill’s Pet Nutrition), Nutriara Alimentos Ltd, Maruha Nichiro Holdings Inc., Uni-Charm Corp., InVivo NSA, Agrolimen SA, Mogiana Alimentos SA, Heristo AG, among others. The mentioned market players have major market revenue shares than the other players existing or entering the market. Major market players are actively dedicated in the research and development of the advanced products such that the consumer’s demand could be fulfilled. Consistent research ensures the future launches for the better products and services. With rapidly surging demand for the advanced products, the new market entrants would be able to establish their brand and thus their market-place. Other strategies include collaborations and partnerships with the pre-existing market players or the research institutes such that government funding can be availed for the product development.
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“Japan is expanding as a pet industry growth. Moreover, surge in the number of pet owners is also supporting the national market. Consistent research and technological advancement in the product manufacturing, and improving the functionality is aiding the growth of the future prospects of the market. Also, the industry is expanding on the backbone of rapidly increasing number of market players. Some of the global giants are actively providing the new product launches and services like online shopping and online selection of pet foods thereby enhancing better customer experience and thereby supporting the future growth of the market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Japan Pet Foods Market By Pet Type (Dogs, Cats, Fish, Others), By Product Type (Dry Food, Wet and Canned Pet Food, Others (Treats, Flake & Pellet, Freeze-Dried, etc.)), By Distribution Channel (Dedicated Pet Store, Supermarket/Hypermarket, Online Retail & Others), By Region, Competition Forecast & Opportunities, FY2027” has evaluated the future growth potential of Japan Pet foods market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Japan Pet foods market.
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