According to the research report titled ‘Asia Pacific Pet Care Market Size By Distribution Channel, By Type, By Animal, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 - 2027’, available with Market Study Report, Asia Pacific pet care market is projected to surpass a valuation of USD 132.1 billion by the end of 2021-2027.
 

As per the report findings, Asia Pacific pet care market is largely driven by rising demand for pet companionship, and increasing pet humanization. Moreover, spike in disposable income and escalating cases of zoonotic diseases are adding considerable traction to the industry growth.
 

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Further, availability of specialty pet services, advanced pet surgical procedures, and pet insurance are expected to accelerate the industry expansion in the upcoming years. Moreover, increasing usage of pet medicine and supplements for maintaining pet health is enhancing the Asia Pacific pet care industry outlook.
 

In terms of type, Asia Pacific pet care market is fragmented into pet care products, pet food, and services. Among these, pet food segment reflected 20% of the market share in 2020 and is expected to follow similar trends in the upcoming years. Growing inclination among pet owners towards protein-rich diet to promote satiety, increase muscle mass & strength, and assist pets in maintaining ideal body condition are contributing to the segment growth.
 

Based on animal, Asia Pacific pet care market is divided into cats, dogs, birds, horses fishes, and others.  The cats segment accounted for 43% market share in 2020 and will likely maintain strong growth over the forecast period, attributable to increasing adoption rate of cats as companion animals.
 

Elaborating on distribution channel, the market is classified into e-commerce, stores, and others. Among these, e-commerce segment is touted to grow at an annual rate of 10.6% over 2021-2027. The segment growth is attributable to availability of a wide variety of cost-effective products on e-commerce platforms. Moreover, growing preference of pet care brands towards selling their products online due to presence of larger customer base online is boosting the segmental share.
 

Considering the geographical bifurcation, key contributors to Asia Pacific pet care market growth are India, Australia, China, Japan, Philippines, South Korea, Singapore, and Thailand. Of these, Japan accounted for 20% industry share in 2020 and is expected to grow steadily in the forthcoming years. Increasing number of single households and changing demographic trends is compelling young adults to adopt pets for companionship. Besides, developing consciousness & awareness about pet health, and presence of major vendors are supporting the industry growth in Japan.
 

Idexx Laboratories, Inc., Zoetis, Inc., Freshpet, Inc., Petco Animal Supplies, Inc., Petmate Holdings Co., Nestlé S.A., Mars, Inc., Colgate-Palmolive Company, Champion Petfoods LP, Blue Buffalo Pet Products, Inc., and Ancol Pet Products Ltd. are the major players in Asia Pacific pet care industry sphere.