Malaysia Pet Products Market 2024

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Description

Market Overview

According to the latest estimates, the pet products market in Malaysia is set to achieve an incremental growth of USD 18.3 million, accelerating at a CAGR of almost 6.7% during the forecast period 2024-2029. The burgeoning pet products industry has witnessed substantial proliferation in recent years, propelled by a multitude of socioeconomic and cultural catalysts. Paramount among these is the escalating tendency toward anthropomorphism and the perception of domesticated animals as members of the familial unit. This phenomenon has fostered an increased proclivity for pet owners to lavish expenditures on accoutrements and provisions intended to cater to the comprehensive well-being and indulgences of their animal companions.

Concomitantly, a discernible shift in demographics has contributed to this market’s expansion. The prevalence of nuclear families, coupled with declining birth rates, has engendered a proclivity among couples and individuals to regard pets as surrogates for offspring, resulting in heightened expenditures on premium pet foods, veterinary services, and auxiliary products. Moreover, the augmentation of disposable incomes, particularly within urban cosmopolitan locales, has rendered pet ownership a more financially viable prospect for a broader stratum of the population.

The report provides a comprehensive overview of the Malaysia pet products industry, covering a study of the key players operating in the market. It includes an analysis of market segments and sub-segments, taking into consideration factors such as product type, pet type, and distribution channel. By examining these aspects, the report offers valuable insights into the potential of the pet products industry. Moreover, the report presents statistical information, including market size, market share, growth rate, and forecasts specifically tailored to the pet products industry. This data-driven analysis equips industry professionals with the necessary information to assess the current market landscape, make well-informed decisions, and identify growth opportunities within the sector.

Market Segmentation

The pet products market in Malaysia is segmented as below:
Product type: grooming products, pet healthcare (flea & tick treatments, vitamins & supplements, dewormers, and others), stain & odor control products, and others
Pet type: cat, dog, and others
Distribution channel: supermarkets and hypermarkets, pet stores, e-commerce, veterinary hospitals, and others

The Malaysia pet products market is segmented on the basis of product type, pet type, and distribution channel. On the basis of product type, the pet products market in Malaysia has been segmented into grooming products, pet healthcare (flea & tick treatments, vitamins & supplements, dewormers, and others), stain & odor control products, and others. By pet type, the pet products market in Malaysia has been segmented into cat, dog, and others. Based on distribution channel, the pet products market in Malaysia is categorized into supermarkets and hypermarkets, pet stores, e-commerce, veterinary hospitals, and others.

Competitive Landscape

The Malaysia pet products market is highly competitive. Top players covered in Malaysia Pet Products Market Study are Mars Incorporated, Rolf C. Hagen Inc., Nestle S.A., Tropical Consolidated Corporation Sdn. Bhd., KONG Company, Canaan Alpha Sdn. Bhd., The Himalaya Drug Company.

The report is an indispensable tool for companies and organizations operating in the pet products industry. It offers a comprehensive overview of the market, empowering industry executives, policy makers, academics, and analysts to make well-informed decisions. The report provides valuable insights and analysis, presenting a cohesive and detailed perspective on the pet products market.

Why Buy This Report?

Provide statistical data or estimations for the Malaysia pet products market
Formulate regional strategies and determine strategic priorities based on local data analysis
Gain a comprehensive understanding of the pet products market in Malaysia
Identify promising investment opportunities by pinpointing growth sectors and emerging trends
Understand what the future of the pet products market in Malaysia looks like
Analyze the competitive landscape and identify the optimal timing for seizing opportunities

Table of Contents

TABLE OF CONTENTS
FIGURES AND TABLES
1. Scope and Methodology
1.1 Key Findings
1.2 Report Scope
1.3 Research Methodology
2. Market Overview
3. Malaysia Pet Products Market – Product Type Analysis
3.1 Grooming products
3.2 Pet healthcare (flea & tick treatments, vitamins & supplements, dewormers, and others)
3.3 Stain & odor control products
3.4 Others
4. Malaysia Pet Products Market – Pet Type Analysis
4.1 Cat
4.2 Dog
4.3 Others
5. Malaysia Pet Products Market – Distribution Channel Analysis
5.1 Supermarkets and hypermarkets
5.2 Pet stores
5.3 E-commerce
5.4 Veterinary hospitals
5.5 Others
6. Company Profiles
6.1 Mars, Incorporated
6.2 Rolf C. Hagen Inc.
6.3 Nestle S.A.
6.4 Tropical Consolidated Corporation Sdn. Bhd.
6.5 KONG Company
6.6 Canaan Alpha Sdn. Bhd.
6.7 The Himalaya Drug Company
DISCLAIMER

Companies Mentioned

Mars, Incorporated
Rolf C. Hagen Inc.
Nestle S.A.
Tropical Consolidated Corporation Sdn. Bhd.
KONG Company
Canaan Alpha Sdn. Bhd.
The Himalaya Drug Company

Additional information

Product Type

Industry Statistics
Release Date

January 2024
Base Year

2023
Forecast Period

2024-2029
Market Size

USD 18.3 Mn incremental growth between 2024 and 2029
Market Segments

Product Type, Pet Type, Distribution Channel
Region

Malaysia
No. of Companies Mentioned

7