In France, pet owners spend an average of €1,224 per year on their pets. Food costs account for the largest share of the budget, follow by hygiene and beauty. The average pet-owning household in the UK spends £6.70 per week on their pet. The average pet food expenditure in Danish households is around DKK 1,436.
With Russia, Germany, and France ranking among
The top in the region for the number of pet cats. Although Europe and North America are the two regions with the largest share of the global pet market. There are some differences in the types of pets between the two regions. European panama number data countries are more likely to have cats. For pet product sellers looking. To expand into the European market, starting with the appropriate nes of cats and gradually expanding. To the full pet market may be a good development strategy. In addition, it is necessary to continue to monitor consumer and purchasing trends. As well as to give the products a good reputation and brand awareness. To win in the highly competitive market environment.
3. Southeast Asia most common type
The Southeast Asian pet market is growing rapidly and is expect to reach US$25 billion by 2030. The main force behind pet consumption in Southeast Asia is the young group ag 26 to 35, with pet ownership rates around 50%.
The survey shows that 41% of Southeast
Asians keep pets for stress relief, while 36% keep them for companionship and security. As people’s emotional nes for pets gradually increase, these trends indicate that pets are playing an increasingly important role jeff l ceo in people’s lives and are pushing pet products and services in a more humane direction.
Size of Pet Markets in Southeast Asian Countries most common type
Indonesia: The pet market size in Indonesia is approximately US$2.2984 billion in 2023 and is expect to exce US$5.8832 billion by 2033, growing at a CAGR of about 9.5%.
Malaysia: The estimat pet market size is expect to grow to US$450 million by 2024, growing at a CAGR of around 5.8%.
The Philippine pet industry is estimat most common type
To be worth US$108 million in 2023, growing at a peak CAGR of 19.6%.
Singapore: The Singapore pet market size in 2023 is approximately US$259 million, growing at a CAGR of 4.6%.
Thailand: The pet market size in 2023 is approximately 49.7 billion baht and is expect to grow to 66.748 billion baht by 2026, with an tg phone list expect CAGR of 8.4%.
Vietnam: The pet market in Vietnam is growing at a CAGR of 11% between 2021 and 2026, and is expect to reach US$500 million by 2026.