Vietnam Pet Products Market 2024

Description

According to the latest data, the market size of the pet products industry in Vietnam is expected to rise by USD 11.8 million with a CAGR of 9.5% by the end of 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 offers a comprehensive evaluation of the Vietnam pet products market, presenting crucial data on historical market size, growth patterns, and future projections. It provides a thorough breakdown of market segments and sub-segments, with a focus on key variables such as product type, pet type, and distribution channel. This comprehensive evaluation aids in identifying the growth potential within the pet products industry.

Market Segmentation

The pet products market in Vietnam is classified into the following segments:
Product type: grooming products, pet healthcare (flea & tick treatments, vitamins & supplements, dewormers, and others), stain & odor control products, others
Pet type: cat, dog, others
Distribution channel: supermarkets and hypermarkets, pet stores, e-commerce, veterinary hospitals, others

The Vietnam 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 Vietnam 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 Vietnam has been segmented into cat, dog, and others. Based on distribution channel, the pet products market in Vietnam is categorized into supermarkets and hypermarkets, pet stores, e-commerce, veterinary hospitals, and others.

Competitive Landscape

The prominent players operating in the Vietnam pet products market include Hoang Anh Co. Ltd., Boehringer Ingelheim Auslandsbeteiligungs GmbH, Virbac S.A., JBL GmbH & Co. KG, sera GmbH, Mars Incorporated.

The report presents a detailed analysis of the Vietnam pet products market, focusing on the performance of major companies between 2019 and 2023. The data offers valuable insights into market share fluctuations, identifying established leaders and the ascent of new entrants. Such information provides companies with the tools needed to enhance their strategic positioning and remain competitive, even as market conditions evolve.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Vietnam pet products market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Vietnam pet products market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Vietnam pet products market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.

Table of Contents

TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewVietnam pet products market – product type analysis
Vietnam pet products market – pet type analysis
Vietnam pet products market – distribution channel analysis
Key players and market share
– Hoang Anh Co., Ltd.
– Boehringer Ingelheim Auslandsbeteiligungs GmbH
– Virbac S.A.
– JBL GmbH & Co. KG
– sera GmbH
…
Macroeconomic data and forecast
Disclaimer

FIGURES AND TABLES
Table Vietnam pet products market 2019-2029
Chart Vietnam pet products market, net growth, 2019-2029
Chart Vietnam pet products market, growth rates, 2019-2029
Table Vietnam pet products market by product type, 2019-2029
Chart Vietnam pet products market by product type, CAGR historic and forecast, 2019-2029
Chart Vietnam pet products market by product type, 2019-2029
Table Vietnam pet products market by pet type, 2019-2029
Chart Vietnam pet products market by pet type, CAGR historic and forecast, 2019-2029
Chart Vietnam pet products market by pet type, 2019-2029
Table Vietnam pet products market by distribution channel, 2019-2029
Chart Vietnam pet products market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Vietnam pet products market by distribution channel, 2019-2029
Table Vietnam pet products market share (%), by companies, 2019-2023
Chart Vietnam pet products market, by companies, 2023
Table Vietnam pet products market share (%), by brands, 2019-2023
Chart Vietnam pet products market, by brands, 2023
Table Vietnam – population (millions) and forecast
Table Vietnam – consumer price index (CPI) and forecast
Table Vietnam – gross domestic product and forecast
Table Vietnam pet products market: spend as a proportion of GDP (%)
Table Vietnam pet products market: consumption per capita (population)