Throughout the global economic crisis, the pet industry has fared well, with several Asian countries – China in particular – becoming great markets to expand into.
Bilateral agreements between China and its commercial partners, and free-trade agreements are boosting the pet sector in the Asia-Pacific region, which is already the most integrated commercial space in the world.
For these reasons and more, professionals in the pet sector should consider attending Pet Fair Asia 2015, which will be held August 27-30, 2015, at the Shanghai World Expo Exhibition and Convention Center.
The development of Shanghai Free Trade Zone, coupled with the exponential growth of a trade show like Pet Fair Asia are great opportunities to reach a large marketplace and develop business with several new territories at once. Being visible in China can provide access to other important markets, including Japan, South Korea, Taiwan, Malaysia and Thailand. The same goes for purchasing and sourcing opportunities.
In China, the health of its domestic market is changing the rules of international business: most pet products companies in China are now considering their own market as a priority. Local products are getting better – and export price higher – but Chinese consumers continue to prefer imported brands. A recent study by Euromonitor International indicates that sales in mainland China for premium dog food will keep growing by an average 13% per year for at least the next 5 years. The success of premium food, accessories, cosmetics and customization confirms the underlying trend of super-humanization in Asia.
Over the past 18 years, Pet Fair Asia has developed a very strong local then regional network. In 2015, the show will grow more than 20% with more than 700 exhibitors and 19,000 professional visitors expected (20% from overseas). Purchasing opportunities are clear with a wide choice of products and price range.
The new dedicated space for aqua products and live fish will be organized with local and international partners, along with on-site activities and competitions. Existing sections like the pet food and pet treat suppliers’ row or the veterinary area will return along with associated conferences: Petfood Forum China, Pet Hospital Management Meeting, International Pet Industry Summit and the Shanghai Veterinary Conference, all dedicated to a better understanding and anticipation of market trends.
Showing posts with label Asian pet food market. Show all posts
Showing posts with label Asian pet food market. Show all posts
Monday, April 13, 2015
Wednesday, February 18, 2015
Report studies pet care market in Southeast Asia
Future Market Insights (FMI) delivers insights into emerging regions in its latest report titled, “Southeast Asia Pet Care – Market Analysis and Opportunity Assessment, 2014-2020.”
The report states that the Southeast Asia pet care market is mainly driven by the burgeoning trends of pet humanization and increasing adoption of private-label brands in countries such as Thailand, Singapore, Indonesia and Malaysia.
FMI analyst P.S. Neha sheds light on why the SEA pet care market will become one of the major markets in the region in the near future: “Growth of the pet care market across Southeast Asia is driven by increasing adoption and humanization of pets. Pet owners are now more inclined towards more nutritious, healthy and organic foods for their pets.”
By type, the overall Southeast Asia pet care market is segmented into dog food, cat food, pet products and others. Dog food is the major segment in this region, accounting for a 51.6% share of the market in 2014; however, this is expected to decrease by 30 BPS by 2020.
This report also covers the pet care market by category and by channel. On the basis of channel, the market is segmented into supermarket, pet shop, veterinary clinic and others. The supermarket segment is the leading distribution channel in the Southeast Asia pet care market. However, veterinary clinics are anticipated to exhibit the fastest CAGR at 7.1%, followed by supermarket at a 6.8% CAGR during the forecast period. This growth is attributed to a shift in consumer buying habits and an increasing inclination of pet owners to purchase health and wellness products from reliable sources such as veterinary clinics.
Furthermore, by category, the market includes economy-priced, mid-priced and premium-priced products.
Improving consumer lifestyles and increasing disposable income in Southeast Asian countries has resulted in a growing acceptance for pets, not only among the high-income group, but also the middle-income group. In 2014, Thailand was the dominant country in the overall Southeast Asia pet care market with a 43.62% share, followed by Malaysia and Indonesia, accounting for 21.74% and 15.47% respectively.
The pet care market in the Philippines is expected to register a significant CAGR of 8.4%. This is expected to be followed by Vietnam at a CAGR of 8.0% during the forecast period.
Innovation remains the key to gaining a competitive edge in the SEA pet care market, especially in the petfood category. Companies such as Nestlé Purina, Zoetis, Mars Inc. and Merck & Co., account for more than 50% of the overall market share and constantly focus on mergers and acquisitions to expand their geographical presence and customer base.
FMI analyst P.S. Neha sheds light on why the SEA pet care market will become one of the major markets in the region in the near future: “Growth of the pet care market across Southeast Asia is driven by increasing adoption and humanization of pets. Pet owners are now more inclined towards more nutritious, healthy and organic foods for their pets.”
By type, the overall Southeast Asia pet care market is segmented into dog food, cat food, pet products and others. Dog food is the major segment in this region, accounting for a 51.6% share of the market in 2014; however, this is expected to decrease by 30 BPS by 2020.
This report also covers the pet care market by category and by channel. On the basis of channel, the market is segmented into supermarket, pet shop, veterinary clinic and others. The supermarket segment is the leading distribution channel in the Southeast Asia pet care market. However, veterinary clinics are anticipated to exhibit the fastest CAGR at 7.1%, followed by supermarket at a 6.8% CAGR during the forecast period. This growth is attributed to a shift in consumer buying habits and an increasing inclination of pet owners to purchase health and wellness products from reliable sources such as veterinary clinics.
Furthermore, by category, the market includes economy-priced, mid-priced and premium-priced products.
Improving consumer lifestyles and increasing disposable income in Southeast Asian countries has resulted in a growing acceptance for pets, not only among the high-income group, but also the middle-income group. In 2014, Thailand was the dominant country in the overall Southeast Asia pet care market with a 43.62% share, followed by Malaysia and Indonesia, accounting for 21.74% and 15.47% respectively.
The pet care market in the Philippines is expected to register a significant CAGR of 8.4%. This is expected to be followed by Vietnam at a CAGR of 8.0% during the forecast period.
Innovation remains the key to gaining a competitive edge in the SEA pet care market, especially in the petfood category. Companies such as Nestlé Purina, Zoetis, Mars Inc. and Merck & Co., account for more than 50% of the overall market share and constantly focus on mergers and acquisitions to expand their geographical presence and customer base.
Tuesday, May 20, 2014
Pet Fair Asia 2014 to be held August 21–24
The 17th edition of Pet Fair Asia will be held in Shanghai on August 21–24, 2014. Taking a turn toward the future of the Chinese pet industry, Pet Fair Asia will focus on premium exposure and affirm China as central platform for global exchanges, according to organizers.
The 2014 show will gather more than 650 exhibitors from 31 countries. Filling the 42,000-square-meter exhibiting space of Shanghai World Expo Exhibition & Convention Center—a state-of-the-art venue built for Shanghai World Expo in 2010—suppliers coming from all around the world will cover the whole range of pet supplies: petfood and treats, accessories and toys, medical care and premium solutions for pet health.
Attendees can pre-register online through August 15, 2014.
The 2014 show will gather more than 650 exhibitors from 31 countries. Filling the 42,000-square-meter exhibiting space of Shanghai World Expo Exhibition & Convention Center—a state-of-the-art venue built for Shanghai World Expo in 2010—suppliers coming from all around the world will cover the whole range of pet supplies: petfood and treats, accessories and toys, medical care and premium solutions for pet health.
Attendees can pre-register online through August 15, 2014.
Monday, February 17, 2014
Pet Fair Asia 2014 adds new petfood and other exhibit areas
Pet Fair Asia 2014 (PFA), being held August 21-24, at the Shanghai World Expo Exhibition & Convention Center, is expanding with three new exhibiting areas: petfood suppliers row, veterinary products and food and accessories for small-sized pets.
The 2013 show had 600 exhibiting companies from 23 countries, up 20% year-on-year. More than 40,000 visitors attended the show, including 15,000 professionals from 43 countries. Sixty-five percent of exhibitors re-booked on the spot for a 2014 booth, according to organizers.
Petfood suppliers row will feature additives, machinery and packaging relevant to the industry. The area aims to highlight companies' products and know-how for a wide audience as China's petfood industry continues to grow significantly. In addition, the third Petfood Forum China will be held concurrently with PFA on August 22. Featuring nutritionists and suppliers, Petfood Forum will be an opportunity to catch up on industry best practices, develop relationships among Chinese pet industry leaders or simply expand a company's professional network. Petfood additives, processing machinery, packing techniques, and products and services will all be on display.
As part of the new veterinary products exhibit, the 7th Shanghai Pet Health Care Seminar is expected to draw 800 vets, roughly 250 of which are directors or managers of pet hospitals. Attendees will also join the 1st Annual Meeting to discuss issues on management and operation in pet hospitals. Pet hospital equipment, surgery machinery, pet medicine, bio-products, health food, prescription feed and detection paper and reagents will be on display.
Cages, toys, supplies, pets, food, snacks and health food for small-sized pets will be the focus on the food and accessories for small-sized pets section of the show.
The 2013 show had 600 exhibiting companies from 23 countries, up 20% year-on-year. More than 40,000 visitors attended the show, including 15,000 professionals from 43 countries. Sixty-five percent of exhibitors re-booked on the spot for a 2014 booth, according to organizers.
Petfood suppliers row will feature additives, machinery and packaging relevant to the industry. The area aims to highlight companies' products and know-how for a wide audience as China's petfood industry continues to grow significantly. In addition, the third Petfood Forum China will be held concurrently with PFA on August 22. Featuring nutritionists and suppliers, Petfood Forum will be an opportunity to catch up on industry best practices, develop relationships among Chinese pet industry leaders or simply expand a company's professional network. Petfood additives, processing machinery, packing techniques, and products and services will all be on display.
As part of the new veterinary products exhibit, the 7th Shanghai Pet Health Care Seminar is expected to draw 800 vets, roughly 250 of which are directors or managers of pet hospitals. Attendees will also join the 1st Annual Meeting to discuss issues on management and operation in pet hospitals. Pet hospital equipment, surgery machinery, pet medicine, bio-products, health food, prescription feed and detection paper and reagents will be on display.
Cages, toys, supplies, pets, food, snacks and health food for small-sized pets will be the focus on the food and accessories for small-sized pets section of the show.
Friday, June 14, 2013
Online registration now open for Pet Fair Asia 2013
Online registration is now open for Pet Fair Asia 2013, being held August 22-25 at the Shanghai World Expo Exhibition & Convention Center.
The show will feature 600 vendors from 32 different countries promoting and selling their pet products across 37,000 square meters.
Petfood Forum China, taking place August 23, will also be co-located with Pet Fair Asia in Shanghai. Petfood Forum China will feature learning and networking sessions designed to address the needs of petfood and treat manufacturers located in China. Online registration for Petfood Forum China is now open, as well.
The show will feature 600 vendors from 32 different countries promoting and selling their pet products across 37,000 square meters.
Petfood Forum China, taking place August 23, will also be co-located with Pet Fair Asia in Shanghai. Petfood Forum China will feature learning and networking sessions designed to address the needs of petfood and treat manufacturers located in China. Online registration for Petfood Forum China is now open, as well.
Friday, April 5, 2013
Philippine imports of petfood to reach US$40 million in 2018
Petfood imports from the US grew by 12.56 percent in 2012 and are on track to be maintained for 2013, according to a report on petfood exports to the Philippines.
The report on petfood exports to the Philippines says the country's imports of petfood from the US also rose in 2011, from US$19.9 million to US$22.4 million.
"The booming economy, higher disposable income and familiarity with US brands contributed to the healthy export performance,” according to a United States Department of Agriculture-Foreign Agricultural Service’s Global Agricultural Information Network report.
The report attributes the rise in pet ownership and petfood consumption to animal welfare initiatives, urbanization and rise in smaller households, popularity of pedigree pets and a growing awareness of proper pet care.
In 2013, petfood exports are projected to grow further to US$25 million and are expected to be maintained through 2018. The report projects the market to grow as follows: US$27.5 million in 2014, US$30 million in 2015, US$33.2 million in 2016, US$36.6 million in 2017 and US$40 million in 2018. The US was the dominant exporter of petfoods in the Philippines in 2012, holding a 61 percent market share.
“While demand for high-value petfoods is expected to grow, most pet owners are price conscious and will opt for standard, low-priced petfoods,” the report says.
The report on petfood exports to the Philippines says the country's imports of petfood from the US also rose in 2011, from US$19.9 million to US$22.4 million.
"The booming economy, higher disposable income and familiarity with US brands contributed to the healthy export performance,” according to a United States Department of Agriculture-Foreign Agricultural Service’s Global Agricultural Information Network report.
The report attributes the rise in pet ownership and petfood consumption to animal welfare initiatives, urbanization and rise in smaller households, popularity of pedigree pets and a growing awareness of proper pet care.
In 2013, petfood exports are projected to grow further to US$25 million and are expected to be maintained through 2018. The report projects the market to grow as follows: US$27.5 million in 2014, US$30 million in 2015, US$33.2 million in 2016, US$36.6 million in 2017 and US$40 million in 2018. The US was the dominant exporter of petfoods in the Philippines in 2012, holding a 61 percent market share.
“While demand for high-value petfoods is expected to grow, most pet owners are price conscious and will opt for standard, low-priced petfoods,” the report says.
Tuesday, March 19, 2013
Euromonitor offers new 'Other Pet Food in Thailand' report
The trend of pet humanization in Thailand has continued, despite people cutting spending on their pets due to the flood crisis and pet loss, according to Euromonitor International's Other Pet Food in Thailand report.
Spending on pets is expected to rebound to previous levels during the second quarter of 2012, the report says. The report also identifies leading petfood companies and brands and offers an analysis of the market for bird, fish and small mammal/reptile food. The report provides retail sales data from 2007-11 and forecasts to 2016. The report can be purchased online.
Spending on pets is expected to rebound to previous levels during the second quarter of 2012, the report says. The report also identifies leading petfood companies and brands and offers an analysis of the market for bird, fish and small mammal/reptile food. The report provides retail sales data from 2007-11 and forecasts to 2016. The report can be purchased online.
Tuesday, November 20, 2012
Pet Fair Asia 2012 sets record with nearly 50,000 visitors
Pet Fair Asia 2012 broke all previous records drawing nearly 50,000 visitors during the four-day event, which was held at the Shanghai World Expo Exhibition & Convention Center in Shanghai, China, October 11-14. The pet industry event attracted a total of 506 exhibitors from 25 countries showcased new and existing brands, as well as 12,351 industry professionals and 36,000 pet owners.
The show's first International Pavilion drew 40 pet product exhibitors from Germany, Italy, Netherlands, France, USA, Australia, Japan and Korea. Additionally, the International Pet Industry Summit drew 180 delegates to hear three sessions with debate from 13 pet industry experts on issues such as trends in consumer behavior and key manufacturing challenges.
Pet Fair Asia 2012 was also co-located with the first Petfood Forum China, which took place October 12. Industry experts presented information and insights on topics including pet nutrition and ingredients, petfood safety and packaging, regulations in the US and China, the Chinese pet market and new product development.
Pet Fair Asia 2013, will be held August 22-25, 2013, at the Shanghai World Expo Exhibition & Convention Center in Shanghai, China. Petfood Forum China will be held August 23, 2013.
The show's first International Pavilion drew 40 pet product exhibitors from Germany, Italy, Netherlands, France, USA, Australia, Japan and Korea. Additionally, the International Pet Industry Summit drew 180 delegates to hear three sessions with debate from 13 pet industry experts on issues such as trends in consumer behavior and key manufacturing challenges.
Pet Fair Asia 2012 was also co-located with the first Petfood Forum China, which took place October 12. Industry experts presented information and insights on topics including pet nutrition and ingredients, petfood safety and packaging, regulations in the US and China, the Chinese pet market and new product development.
Pet Fair Asia 2013, will be held August 22-25, 2013, at the Shanghai World Expo Exhibition & Convention Center in Shanghai, China. Petfood Forum China will be held August 23, 2013.
Wednesday, October 31, 2012
Council of Agriculture promotes pet food bill in Taiwan
The Council of Agriculture recently promoted its pet food bill at the Legislative Yuan public hearing, stressing that Taiwan lacks comprehensive laws to regulate the local pet food industry.
First introduced in March and currently under review, the proposed “Pet Food Safety Management Act” would require commercial pet food manufacturers to provide ingredients labeling and comply with residue levels for harmful substances. Violations of the new standards would be subject to penalties.
Currently, Taiwan's Feed Control Act does not apply to pet food, but only to feed for livestock, poultry and seafood. While the Consumer Protection Law can be used as a basis for litigation, its provisions are often too broad to be applied to questionable pet food.
Democratic Progressive Party legislator, Hsiao Bi-khim, who chaired the hearing, said that a dedicated regulation system based on recognized safety standards can boost the public's consumer confidence, as well as make the local pet food industry more competitive.
First introduced in March and currently under review, the proposed “Pet Food Safety Management Act” would require commercial pet food manufacturers to provide ingredients labeling and comply with residue levels for harmful substances. Violations of the new standards would be subject to penalties.
Currently, Taiwan's Feed Control Act does not apply to pet food, but only to feed for livestock, poultry and seafood. While the Consumer Protection Law can be used as a basis for litigation, its provisions are often too broad to be applied to questionable pet food.
Democratic Progressive Party legislator, Hsiao Bi-khim, who chaired the hearing, said that a dedicated regulation system based on recognized safety standards can boost the public's consumer confidence, as well as make the local pet food industry more competitive.
Wednesday, October 24, 2012
Petfood Industry hosts successful first Petfood Forum China
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Petfood Forum China attendees from around the world listened to speakers on petfood regulations, pet nutrition, safety and more.
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Petfood Forum China's 170 attendees from China, Japan, Thailand, the US and Europe had the chance to listen to a variety of educational sessions, covering topics from pet nutrition to pet food regulation and safety to petfood packaging. The conference was held in conjunction with the 15th annual Pet Fair Asia, which drew more than 12,000 visitors from more than 20 countries.
"The feedback from delegates was very complimentary on the high quality and diversity of presentations for the growing China marketplace. Sponsors stated how pleased they were in the level of decision maker and number of attendees from both multinational and local China pet food manufacturers," said Greg Watt, president.
Dr. Ingmar S. Middelbos, manager of specialty products and pet market for Novus Nutrition Brands, explained to attendees how to add value to pet food products by focusing on functional ingredients, in the presentation, "Healthy food, healthy pet, happy human: How specialty micronutrients and functional ingredients can drive animal health and petfood value."
An update on pet food and feed regulations in China was given by Bian RongXing, department head of the Shanghai Veterinary Drug and Feed Inspection Institute. The presentation provided an overview of regulations for importing and manufacturing pet food in China, including a briefing of the “feed and feed additive regulations on administration” policy, new for 2012.
Additionally, Jia Tong, vice president of Goumin.com, the largest online network for Chinese dog owners, and Dog Sign magazine presented information on the Chinese dog market and dog food purchases, including the demands and buying patterns of Chinese pet owners and the development trends of pet industries in China.
The next Petfood Forum China has already been confirmed for Friday, August 23, 2013, co-located again with Pet Fair Asia at the Shanghai World Expo Exhibition & Convention Center.
Tuesday, July 12, 2011
Philippines company charged with smuggling imported pet food
Smuggling charges were filed by the Bureau of Customs against a Philippines-based company accused of importing pet foods, as well as against its customs broker who is accused of gross undervaluation of the imported goods.
Leoby C. Leonidas, owner of Honey Drops Marketing, and the company's customs broker, Isabelita C. Galera, were charged by the Department of Jusice for undervaluing Honey Drop's previous 15-month, P474.5 million (US$11 million), petfood importations by more than 80%.
According to customs commissioner, Angelito A. Alvarez, Galera and Leonidas claimed petfood shipments valued at only P10.12 per kilo (US$.023 per kilo), which is lower than the P48.84(US$1.11) to P53.24 (US$1.21) per kilo range reported by other importers of the same products.
"For committing various fraudulent practices against customs revenue, Honey Drops should not only be asked to pay the corresponding duties and taxes on the subject importations totaling P83.1 million (US$1.9 million). Their entire shipments with a combined dutiable value of P474.5 million should have been forfeited in favor of the government," Alzarez said.
Leoby C. Leonidas, owner of Honey Drops Marketing, and the company's customs broker, Isabelita C. Galera, were charged by the Department of Jusice for undervaluing Honey Drop's previous 15-month, P474.5 million (US$11 million), petfood importations by more than 80%.
According to customs commissioner, Angelito A. Alvarez, Galera and Leonidas claimed petfood shipments valued at only P10.12 per kilo (US$.023 per kilo), which is lower than the P48.84(US$1.11) to P53.24 (US$1.21) per kilo range reported by other importers of the same products.
"For committing various fraudulent practices against customs revenue, Honey Drops should not only be asked to pay the corresponding duties and taxes on the subject importations totaling P83.1 million (US$1.9 million). Their entire shipments with a combined dutiable value of P474.5 million should have been forfeited in favor of the government," Alzarez said.
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