Cat food is set to maintain solid retail volume growth in South Korea in the forecast period, along with a double-digit current value CAGR. Premium cat food, and cat treats and mixers are forecast to demonstrate robust growth compared with other categories, driving overall growth in cat food.
Therapeutic cat food is forecast to see rapid growth in the forecast period, driven by the increasing population of senior cats, and heightened investment in pet care, reflecting a societal trend towards prioritising holistic wellbeing from the kitten stage. Pet owners are adopting proactive healthcare practices, leading to earlier diagnosis and treatment, and a shift towards preventive healthcare in cats.
Despite its already high base, retail e-commerce is anticipated to continue its steady growth in cat food throughout the forecast period. Expected to account for nearly three quarters of value sales in 2024, retail e-commerce already dominates cat food, as consumers predominantly purchase cat food online unless urgently needed.
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Understand the latest market trends and future growth opportunities for the Cat Food industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Cat Food industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Cat Food
This report originates from Passport, our Cat Food research and analysis database.
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