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K-Food Newsletter

Korean Pet Food Market Trends
Date
2024-09-04 18:08:51
Hit
3017
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The Korean pet food market is rapidly expanding driven by the aging population, low birth rates, and improved economic conditions. As the practice of treating pets as family members becomes more widespread, the market is experiencing rapid growth. According to aT Food Industry Statistics, the pet food market’s share within the pet care sector increased from 51.3% in 2010 to 60.3% in 2022, indicating significant growth. Along with this expansion, new trends have emerged in the pet food market, including premiumization, enhanced functionality, and a trend toward natural food.

 


The premiumization of pet food reflects a growing focus on the health and safety of pets. There has been a notable rise in the number of products made from human-grade ingredients or those certified by food safety standards like HACCP. Examples of premium pet food products include Nuter’s Garden’s “Dog Eye Health Supplement,” Mepet’s film-type supplement “NELM Premium Eye Health Supplement,” Kwangdong Pharmaceutical’s premium supplement “Gyeonokgo,” G&Health Life’s “Dhuman Double Action Probiotics,” and Petsverymuch’s “Single-Protein Allergy Care Pet Food.”
As the trend of sustainability gains traction, consumers are increasingly inclined to purchase pet food products that promote their pets’ health and environmental well-being. In the natural pet food sector, products that preserve the freshness and texture of ingredients are leading the trend. Examples include Pet Health Tech’s “Poong Natural Food,” Pet Food Goong’s “Freeze-Dried Natural Food,” and Harim Pet Food’s “The Real.”
In light of these trends, the Korean pet food market is poised for continued growth, with a broader range of products and services on the horizon as the pet-owning population continues to increase.

 

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