australia pet food market size, share, growth & forecast 2025
DESCRIPTION
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. Click : https://bit.ly/2RURt2BTRANSCRIPT
MARKET INTELLIGENCE . CONSULTING
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AUSTRALIA PET FOOD MARKET
FORECAST & OPPORTUNITIES
2015 – 2025
2
Scope of ReportProduct of Interest (POI): Pet Food
Review Period
2015 – 2018
Base Year
2019
Estimated Year
2020
Forecast Period
2021 – 2025
Year Range
Australia pet food market is projected to witness significant growth through 2025 owing to theincreasing number of pet owners in the country. Increasing pet ownerships in the country amonghouseholds backed by rising purchasing power are the major drivers for Australia pet food market. Petpopulation is increasing in the country, whereas the death rate of pets is declining on account ofrobust developments in veterinary medical science along with growing focus towards the welfare ofpets. Future predictions show that the overall pet population will soar marginally over the next fiveyears, indicating a long-term stabilization in pet population.
PET FOOD MARKET
Market SegmentationFOOD TYPE
• Dry
• Wet
• Others
PET TYPE
• Dog
• Cat
• Fish
• Others
REGION
• Australia Capital Territory &
New South Wales
• Victoria & Tasmania
• Western Australia
• Queensland
• Northern Territory &
Southern Australia
DISTRIBUTION
CHANNEL
• Supermarket
• Pet Shop/Pet Specialty Shop
• Butcher
• Online
3
S. No. Contents
1. Pet Food: An Introduction
2. Research Methodology
3. Executive Summary
4. Global Pet Food Market Overview
5. Impact of COVID-19 on Australia Pet Food Market
6. Australia Pet Food Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Pet Type (Dog, Cat, Fish and Others)
6.2.2. By Food Type (Dry, Wet, Others)
6.2.3.By Distribution Channel (Supermarket, Pet Shop/ Pet Specialty Shop, butcher and Online)
6.2.4. By Region
6.2.5. By Company
6.3. Product Market Map
7. Australia Dog Food Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
Table of Contents
4
S. No. Contents
7.2.1. By Food Type
7.3.2. By Distribution Channel
7.3. Pricing Analysis
8. Australia Cat Food Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Food Type
8.2.2. By Distribution Channel
8.3. Pricing Analysis
9. Australia Fish Food Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Food Type
9.2.2. By Distribution Channel
9.3. Pricing Analysis
10. Supply Chain Analysis
11. Market Dynamics
Table of Contents
5
S. No. Contents
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
13. Policy & Regulatory Landscape
14. Australia Economic Profile
15. Competitive Landscape
16. Strategic Recommendations
17. About Us & Disclaimer
Table of Contents
RESEARCH METHODOLOGY
7
Research Methodology
✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data Collection
Developing List of Respondents
Formulating Questionnaire
Market Profiling
Data Validation
Data Analysis
In-depth secondary research was conducted to
determine top players in the Australia pet food
market, overall market size and segmental market size.
In order to conduct industry experts’
interviews, TechSci formulated a detailed
discussion guide.
List of industry players and industry
specialists was developed.
TechSci conducted interviews with
industry experts and industry players for data collection and
verification.
Data obtained as a result of primary and secondary research was
validated through rigorous
triangulation.
The data was scrutinized using MS-Excel, statistical
tools and internal proprietary database to obtain qualitative and
quantitative insights about the Australia pet food
market.
Data
Collection
Data Filter
& AnalysisResearch &
Intelligence
Actionable
InsightsBusiness
Solution
Primary Research Desk Research Company Analysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn✓ TechSci Internal
Database
✓ Factiva✓ Hoovers
Paid Sources
✓ Company Websites✓ Company Annual
Reports✓ White Paper Study✓ Financial Reports✓ Investor
Presentations✓ Regulatory Body✓ Associations, etc.
Secondary Research
Primary Research
8
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of Australia pet food market. The team has analyzed the outlook of
various segments of this market, while considering the major influencing factors such as increasing number of pet ownerships and declining mortality rate
of pets. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve
sustainability in Australia pet food market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive secondary
research and primary surveys, with various key opinion leaders/stakeholders, such as pet food manufacturer and supplier companies, channel partners,
end users, industry experts, and other industry participants.
• The team interviewed more than 40 – 50 pet food manufacturer and supplier companies, 180 – 200 end users, and 15 – 20 industry experts and other
value chain stakeholders in the Australia pet food market to obtain the overall market size from 2015 to 2019, which was validated by the Delphi
technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019.
9
Research Methodology
• Respondents were asked about the current and future market growth rates, market shares by pet type, by food type, by distribution channel, by
region and by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated
across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further
triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares:
Market shares by pet type, by food type, by distribution channel, by region and by company were calculated based on the responses received through
primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of
pet food market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating
the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in
SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Australia pet food
market, TechSci Research used various forecast techniques such as:
✓ Moving Average
✓ Time Series Analysis
✓ Regression Analysis
✓ Econometric and Judgmental Analysis
10
Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used
the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that
the figures compiled are only for the organized market including market share data.
Partial List of Companies Interviewed Key Secondary Sources
▪ Mars Australia Pty Ltd
▪ Nestle Australia Ltd (Purina Pet Care)
▪ Premier Petfood Company Pty Ltd
▪ Advanced Pet Care of Australia Pty Ltd
▪ Real Pet Food Company
▪ Australian Pet Essentials. Pty Ltd.
▪ The Complete Pet Company
▪ Dried & True Pty Ltd
▪ Hypro Petcare
▪ Australian Pet Treat Company
▪ World Bank
▪ TechSci Research Proprietary Database & Knowledge
Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ Industry Reports
▪ Statista
▪ News Dailies
▪ Credible Paid Databases
11
Industry Brief
According to TechSci Research report, “Australia Pet Food Market By Type, By Food Type, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2025”, Australia pet food
market is forecast to cross $ 2.9 billion by 2025. Anticipated growth in the market can be attributed to increasing pet ownership with more and more households adopting dogs, cats, and other
animals for different purposes, such as security and leisure, which in turn drives the country’s pet food. Furthermore, increasing number of old-age couples and DINK (Dual Income, No Kid) families,
and rising disposable income are the major factors driving pet adoption in the country.
Based on Pet Type, market is segmented into Dogs, Cats, Fishes, and Others (Birds, Small mammals, etc.). Among these, Dogs segment held the largest share of Australia pet food market. In
Australia, people tend to keep dogs as pets rather than cats and other animals. Cat, on the other hand, is a more popular pet among affluent class people in the country. Nevertheless, the population
of pet fish is also increasing as people are moving into smaller houses and high-rise apartments due to increasing urbanization. Since keeping a large pet like dog or cat as pet in smaller dwellings in
not feasible, the adoption of fish as pet is also increasing among pet enthusiasts in the country. In addition, the fact that fish occupy very less space and their maintenance is cheaper is also leading
to higher adoption among Australians, thereby driving the demand for fish food in the country. Based on Food Type, market is segmented into Dry, Wet, and Others. Dry Pet food leads the Australia
pet food market, since dry pet foods have lower moisture content than other pet foods and can be used in a variety of food types depending on the companion animal. Based on Distribution Channel,
market is further categorized into Supermarkets, Pets Stores/Specialty Stores, Butcher, and Online. ‘Supermarket’ segment dominated Australia pet food market and will continue to lead during
forecast period as Supermarkets usually provide mainstream brands, which can often prove to be more competitive in terms of price as well as quality. Niche or specialty products are mostly only
available from individual pet supplies stores or veterinarian offices. The sale of pet food items via online channels is expected to strengthen the country’s pet food market in the coming years due to
the growing inclination of millennials towards online purchases. The high level of convenience offered by online platforms such as doorstep delivery along with the growing partnerships of the pet
food industry players with e-commerce retailers, is expected to further accelerate the growth of the segment in the coming years.
In terms of regional analysis, Australia Capital Territory & New South Wales (NSW/ACT) represents the regional leading market for pet food products in the country due to higher pet population as
well as per capita income of people living in the region. Australian pet food market is filled with a range of brands selling pet food in a dry, wet, and snack-like type. The leading manufacturers of pet
food products operating in Australian pet food market include Mars Australia Pty Ltd, Nestle Australia Ltd (Purina Pet Care), Premier Petfood Company Pty Ltd, Advanced Pet Care of Australia Pty
Ltd, Real Pet Food Company, Australian Pet Essentials. Pty Ltd., The Complete Pet Company, Dried & True Pty Ltd, Hypro Petcare, and Australian Pet Treat Company.
“Rising pet adoption rates is fueling demand for pet foods in Australia. Also, increasing number of private label stores is positively influencing the country’s pet food market”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management consulting firm. With increasing number of retail units in the country, leading market players derive most of their
revenues from the country's exclusive retail outlets and supermarkets. Royal Canin, Mars International 's leading brand, is the most popular dog food brand among middle-income families in the
country.
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Sample Data - Snapshot
5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00
2015 2019 2020E 2025F
By Value (USD Million)
Australia Pet Food Market Size, By Value (USD Million), 2015–2025F
Australia Pet Food Market Share, By Pet Type, By Value, 2015–2025F
25%25%25%25%25%25%25%25%25%25%25%
25%25%25%25%25%25%25%25%25%25%25%
25%25%25%25%25%25%25%25%25%25%25%
25%25%25%25%25%25%25%25%25%25%25%
2015
2016
2017
2018
2019
2020E
2021F
2022F
2023F
2024F
2025F
Dog Cat Fish Others
Australia Pet Food Market Share, By Distribution Channel, By Value, 2015–2025F
25%25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
2015
2016
2017
2018
2019
2020E
2021F
2022F
2023F
2024F
2025F
Supermarket Pet Shop/Pet Specialty Shop Butcher Online
CAGR BY VALUE : XX%CAGR BY VALUE : XX%
13
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Report Name: AUSTRALIA PET FOOD MARKET
FORECAST & OPPORTUNITIES2015 – 2025
About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas
to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting
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global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the
market.
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or
complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand.
However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results
obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together
with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal
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