Australia
pet food market is projected to grow to $ 2.9 billion by 2025. Major growth
driver for Australia pet food market includes pet humanization and the increasing
desire to opt for pet food innovations, as most of the people find pets to be
part of their family, so they are looking for the same quality of pet food as
they look in food for themselves. Other driving factors include rising urbanization,
increasing consumer disposable income and increasing health concerns about pets
making consumer to opt for premium pet food items. Additionally, Vegan, and
grain-free pet food brands have also gained prominence in the pet food
industry. Such trends are projected to raise the market for pet food premium
ingredients.
Based
on Type, the market is segmented into Dogs, Cats, Fish and Others (Birds, Small
Mammals, etc.). The ‘Dog’ segment is projected to account for the largest share
in Australia pet food market. The growing trend of dog adoption as a family
companion is expected to fuel demand for the product. Dogs are experiencing an
upward trend in terms of the idea of pet humanization. This has resulted in an
increase in the number of people who own dogs and feed them with premium foods.
Based
on Food Type, the market is further categorized into Dry, Wet and Others (includes
Treats, Flake & Pellet, Freeze-Dried, etc.). Among these, the ‘Dry Food’ segment
had the largest market share in 2019 and the segment will maintain its lead in
forecast years as well. Dry type is more commonly used in pet food products,
and its popularity can be due to its cost-effective nature and low moisture
content, which enables easy handling during storage and processing.
Based
on Distribution Channel, the market is further split into Supermarket, Pet
Shop/Pet Specialty, Butcher and Online. Supermarkets and Pet Shops/Pet
Specialty remains an important source of pet products. A rising number of
fortified pet food items are being sold alongside health-specific goods. Pet
shops remain popular for pet owners buying food for their pets. In fact, owners
of other types of pets generally rely on pet shops as their primary source of
food-though bird owners prefer supermarkets. Supermarkets are the leading
stores for pet food, but the trend is changing to specialist stores.
On
the basis of regional analysis, Australia Capital Territory & New South
Wales (NSW / ACT) is the dominant segment in Australia pet food market due to
the higher pet population and per capita income of people in the region. Major
players operating in Australia Pet Food market are Mars International,
Nestle Purina, Connex United Processors, The Great Australian Pet Food Co.,
Advanced Pet Care of Australia Pty Ltd, Australian Pet Essentials. Pty Ltd.,
The Complete Pet Company, Dried & True Pty Ltd, V.I.P. Pet foods, Hypro
Petcare, and Australian Pet Treat Company. Major companies are launching
new products to stay competitive in the market. Other competitive strategies
include mergers & acquisitions.
Years considered for this report:
Historical
Years: 2015-2018
Base
Year: 2019
Estimated
Year: 2020
Forecast
Period: 2020–2025
Objective of the Study:
- To
analyze and forecast the market size of Australia Pet Food Market.
- To
classify and forecast Australia
Pet Food Market based
on Type, Food Type, Regional distribution.
- To
identify drivers and challenges for Australia Pet Food Market.
- To
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in Australia Pet Food.
- To
conduct pricing analysis for Australia
Pet Food Market.
To
identify and analyze the profile of leading players operating in Australia Pet Food Market.
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TechSci Research performed
both primary as well as exhaustive secondary research for this study. TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers and presence of all major players in
Australia.
TechSci Research calculated the market
size of Australia Pet Food Market using a Top-Down and Bottom-Up
approach, wherein data for various end-user segments was recorded and forecast
for the future years. TechSci Research sourced these values from the industry
experts and company representatives and externally validated through analyzing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key Target
Audience:
- Pet
Food manufacturers, suppliers and other stakeholders
- Government
bodies such as regulating authorities and policy makers
- Organizations,
forums and alliances related to pet food market
- Market
research and consulting firms
The study is useful
in providing answers to several critical questions that are important for the
industry stakeholders such as manufacturers, suppliers and partners, end users,
etc., besides allowing them in strategizing investments and capitalizing on market
opportunities.
Report
Scope:
In this
report, Australia pet food market has been segmented into following categories,
in addition to the industry trends which have also been detailed below:
- Market, By Type:
- Dog
- Cat
- Fish
- Others (Birds, Small Mammals etc.)
- Market, By Food Type:
- Dry Food
- Wet Food
- Others
(includes Treats, Flake & Pellet, Freeze-Dried, etc.)
- Market, By Distribution
Channel:
- Supermarket
- Pet
Shop/Pet Specialty Shop
- Butcher
- Online
- Market, By Region:
- Australia Capital Territory &
New South Wales
- Victoria and Tasmania
- Queensland
- Northern Territory & Southern
Australia
- Western Australia
Competitive Landscape
Company
Profiles: Detailed analysis of the major companies present
in Australia pet food market.
Available Customizations:
With the given
market data, TechSci Research offers customizations according to a company’s
specific needs. The following customization options are available for the
report:
Company Information
- Detailed analysis and profiling of additional market
players (up to five).
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]