Science

2019 Taiwan Pet Food Market Report Forecast to 2024 | Rising Status and Industry Size of Top Key Players, New Technologies, Growth Status, and Revenue

Taiwan

The “Taiwan Pet Food Market” report delivers data about the landscapes which drive the development of Taiwan Pet Food industry. The Taiwan Pet Food market consists of large key companies who play a vital role in the production, manufacturing, sales, and distribution of the products. Taiwan Pet Food market research report provides crucial information related to overall Taiwan Pet Food market with respect to market size, applications, end-user industry size, types, and various other factors.

Scope of the Report:

  • The Taiwanese pet food market consists of two main groups namely, foreign-owned and local companies. Foreign companies account for major chunk of the market, with few local Taiwanese’s companies that account for 30% of the market share. Products from the United States, Japan, Australia, New Zealand, Thailand are easily available, due to the increase in the e-commerce industry of Taiwan.The report contains an analysis on various parameters of the Taiwanese pet food market. The study includes various kinds of food given to pets, like cats, dogs, birds, etc., in Taiwan.The market has been segmented based on the type of animal, product, ingredient, pricing, and sales channel. The study involves analysis of pet food and market demand.

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    Market Overview:

  • The Taiwanese pet food market is estimated to be worth USD 310 million in the year 2024, growing at a CAGR of 3.56%, over the forecast period (2019-2024). The market is characterized by high-quality awareness and preference, and the willingness of the consumer to pay for such products. Pets are increasingly seen as a symbol of affluence and this notion is a key driver in the eastern markets. This applies particularly in the case of large pets, as this also signals a large living space and maintenance capability. The market growth is largely dependent on the thinking shift toward commercial products from the leftovers and table scraps. The traditional trends of late marriages and rising single households also apply to Taiwan market and are major drivers for the market. Pet ownership is region specific in Taiwan and is mostly centered on the capital city of Taipei. The highly-populated central and southern cities of Taichung, Tainan, and Kaohsiung are the next major destinations with developing economies and consumer capabilities. The Taiwanese markets are heavily leveraged over the marketing capability of manufacturers, with well-planned promotional campaigning giving consistent results.

    Competitive Landscape: The report also presents the market competitive landscape and a corresponding detailed analysis of the major players in the market. Taiwan Pet Food Market Segment by Key Players 

  • Mars Inc.
  • Nestle SA (Purina)
  • Colgate Palmolive ( Hill’s Pet Nutrition)
  • Nutriara Alimentos Ltda
  • InVivo NSA
  • Agrolimen SA
  • Mogiana Alimentos SA
  • Heristo AG
  • Deuerer
  • Wellpet
  • J.M.Sucker (Big Heart)
  • Diamond Pet Foods
  • Blue Buffalo
  • Merrick Pet Care
  • Sunshine Mills
  • Ainsworth Pet Nutrition
  • Yamahisa Pet Care
  • Debifu Pet Products Co. Ltd

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    Key Market Trends:

    Taiwan Pet Food Market is segmented by Product into Dry Pet Food

    The dry pet food segment of the market studied was valued at USD 128.85 million in 2018, and is projected to reach USD 149.81 million by 2024, projecting to register a CAGR of 3.56%, during the forecast period.The growth of the segment can be attributed to the fact that these are pocket- and user-friendly options that are also easy to store, as they can be left out in open without worries amidst the busy schedules of owners. Along with providing nutrition, some of the specially formulated dry pet foods are used for cleaning teeth. This feature helps dry pet food capture more market share, than liquid pet food. Dry pet food is majorly used for dogs and cats, as dogs are becoming symbols of affluence, in Taiwan. By product, the dry pet food segment accounts for about 80% of the market share. The major players of the dry pet food segment are – Vegepet, Benefit, and Taiwan DoggyMan Trading Co. Ltd.

    Taiwan Pet Food Market is segmented by Animal Type into Dogs

    Taiwan has more than 1.8 millions dogs. Among them, more than 17.6% of dogs were owned by households. With an increase in pet adoption rate and single-income population, an immense growth has been observed in the adoption of dogs as pets. 60% of the total dog population is small breed and senior dogs account for 30% of the total. With the help of the Animal Protection Act, Taiwan has created many animal shelters and adoption systems for the welfare of dogs. Taiwan imports huge amounts of dog pet food, as most dogs in the country consume pet food. The trend has changed from feeding dogs with leftovers and table scraps to branded pet food. Few owners cook food in their own homes with ingredients like dry fruits and vegetables for their dogs, whereas few feed their dogs with commercially available pet food.

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    There are 4 key segments covered in this Taiwan Pet Food Market report:

    • Competitor segment
    • Product type segment
    • End-use/application segment
    • Geography segment

    What does this report deliver?

    • Comprehensive analysis of the Taiwan Pet Food market with respect to regions.
    • Complete coverage of all the segments in the Taiwan Pet Food market to analyze the trends, developments in the global market and forecast of market size up to 2024.
    • Comprehensive analysis of the companies operating in the Taiwan Pet Food market.
    • The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
    • The growth matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

    Taiwan Pet Food Market Report TOC Contains the Following Points:

    • Introduction of Market or Scope of Report
    • Research Methodology of Taiwan Pet Food Market
    • Executive Summary of Taiwan Pet Food Market
    • Overview of Taiwan Pet Food Market
    • Market Drivers, Restraints, Opportunities, and Key Challenges of Taiwan Pet Food Market
    • Taiwan Pet Food Market Segmentation by Product Type, Applications, and End-Users
    • Competitive Landscape by New Product Launches, Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships
    • Taiwan Pet Food Market Analysis by Key Players
    • Future Trends and Recent Developments of Taiwan Pet Food Market

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