Japan Pet Food Industry Outlooks
Processed plant or animal extracts that are safe for pets to eat are referred to as pet food. It is expertly blended to offer a balanced combination of vital nutrients for dogs' health and wellbeing. Fish derivatives, animal derivatives, fruit and vegetable derivatives, cereal and cereal by-products, fats and oils, vitamins, and minerals, along with additional additions, are frequently included in pet food. This kind of food has several health advantages for pets, including increased immunity, helping them stay at a healthy weight, prolonging their life, lowering the chance of allergies and skin conditions, and lessening digestive issues. It also provides pet owners with a practical and time-saving alternative. It guarantees that pets receive constant nourishment with little effort and removes the need to make intricate homemade meals.Driving Forces of Japan Pet Food Market
Rise in disposable income
The rise in disposable income in Japan is driving a massive development of the pet food industry. Households in Japan are seeing increases in disposable income as the country's economy improves, which translates into more purchasing power. This increase in income enables pet owners to devote more funds to upscale and superior pet supplies. Particularly, as disposable incomes increase, there is a discernible movement in spending toward gourmet and specialty pet meals that meet certain dietary requirements and provide improved nutritional advantages. Customers are getting more and more ready to spend their money on natural, organic, and nutritionally balanced goods that guarantee their pets will live longer and healthier lives. The rising popularity of functional pet meals, which are made to target particular health issues including weight control, digestive health, and joint support, is another indication of this trend. Additionally, the rise in disposable wealth has resulted in a rise in the cost of inventive and practical pet food packaging, like single-serve amounts and resealable bags.Product innovation boosts the industry growth
In the Japanese pet food industry, product innovation is a major growth engine that drives demand for a wide range of cutting-edge pet nutrition products. There is a rising demand for cutting-edge pet food products that address particular health requirements and preferences as consumer expectations change. This involves creating customized diets with cutting-edge components that improve pet health and wellbeing, like probiotics, superfoods, and premium proteins. The rise of functional foods, which aim to treat a range of health conditions like joint support, digestive health, and skin care, indicates a move toward more specialized nutrition. In addition, packaging innovations such as resealable pouches, single-serving portions, eco-friendly materials, and others improve convenience and appeal to environmentally conscious consumers. Innovation is also fueling the trend toward premium and gourmet pet foods, with goods providing distinctive tastes, textures, and ingredients that satisfy pets' nutritional requirements and preferences.Additionally, technology-driven solutions that offer customized nutrition programs based on unique pet profiles are starting to emerge, such as subscription services and personalized pet diets. These developments not only satisfy the increasingly exacting needs of astute pet owners, but they also set companies apart in a crowded industry, greatly aiding in the market's growth.
Tokyo Pet Food Market
The tendency of pet humanization and the high rates of pet ownership in the city are major factors driving up the cost of specialty and premium pet meals. Pet owners in Tokyo are well-to-do and discriminating; they are prepared to spend money on premium, well-balanced items, such as gourmet and organic selections. The urban lifestyle also encourages the need for inventive and practical packaging, like single-serve forms and resealable pouches. This trend is also supported by rising disposable money, which enables pet owners to give their pets' health first priority and use cutting-edge nutritional solutions. In addition, Tokyo's cutthroat market is witnessing ongoing product innovation, with companies providing special ingredients and functional foods catered to certain health requirements. Tokyo's pet food business is expanding and becoming more diverse due to these factors as well as rising pet wellness awareness.Japan Pet Food Company Analysis
The key players in Japan pet food industry are Mars Incorporated, Gex Corporation, Royal Canin, Hill's Pet Nutrition, Unicharm, INABA-PETFOOD Co. Ltd, Maruha Nichiro Holdings Inc. and Nippon Pet Food Ltd.Japan Pet Food Company News
July 2023- A new line of MSC (Marine Stewardship Council) approved pollock and insect protein products has been developed by Hill's Pet Nutrition specifically for pets with sensitive stomachs and skin problems. Antioxidants, omega-3 fatty acids, and vitamins abound in them.May 2023- New cat snacks under the Friskies ""Friskies Playfuls - treats"" brand have been introduced by Nestle Purina. For mature cats, these spherical snacks come in tastes like chicken and liver as well as salmon and shrimp.
April 2023- Asia-Pacific is now home to Mars Incorporated's first research and development center for pet food. The APAC Pet Center, a brand-new facility, will aid in the company's product development.
Pets - Market breakup in 3 viewpoints:
1. Dogs2. Cats
3. Others
Product Type - Market breakup in 3 viewpoints:
1. Dog Food1.1 Dog Treats and Mixers
1.2 Dry Dog Food
1.3 Wet Dog Food
2. Cat Food
2.1 Cat Treats and Mixers
2.2 Dry Cat Food
2.3 Wet Cat Food
3. Others
3.1 Bird Food
3.2 Fish Food
3.3 Small Mammal/Reptile Food
Distribution Channel - Market breakup in 3 viewpoints:
1. Store Based Retailing2. E-Commerce
3. Veterinary Clinics
Key players have been covered from 3 Viewpoints:
- Business Overview
- Key Persons
- Recent Development & Strategies
Key Players Analysis:
- Mars Incorporated
- Gex Corporation
- Royal Canin
- Hill's Pet Nutrition
- Unicharm
- INABA-PETFOOD Co. Ltd
- Maruha Nichiro Holdings Inc.
- Nippon Pet Food Ltd
Table of Contents
Companies Mentioned
- Mars Incorporated
- Gex Corporation
- Royal Canin
- Hill's Pet Nutrition
- Unicharm
- INABA-PETFOOD Co. Ltd
- Maruha Nichiro Holdings Inc.
- Nippon Pet Food Ltd
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | October 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 4.24 Billion |
| Forecasted Market Value ( USD | $ 6.28 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Japan |
| No. of Companies Mentioned | 8 |
