Asia Pacific Pet Oral Care Products Market
Published On: Jul 2021
Published On: Jul 2021
Homecare Segment to Dominate Asia Pacific Pet Oral Care Products Market during 2021–2028
According to a new market research study on “Asia Pacific Pet Oral Care Products Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Animal, Product, End User, and Distribution Channel” is expected to reach US$ 758.64 million by 2028 from US$ 485.48 million in 2021. The market is estimated to grow at a CAGR of 6.6% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific pet oral care products market along with the drivers and restraints pertaining to the market growth. Broadening initiatives by the governments and animal welfare associations, fostering product innovation in pet oral care, and expanding adoption of pets for companionship are the major factor driving the growth of the Asia Pacific pet oral care products market. However, less adoption of pet care product hinder the growth of Asia Pacific pet oral care products market.
Countries in the Asia Pacific are facing challenges due to increasing incidences of COVID-19. As per the data of World-o-meter, as of April 14, 2021, China reported 91,989 COVID-19 cases, while in Japan, it stood at 844,989 India recorded 30,752,950 cases, and Australia reported 30,951 confirmed cases. The outbreak has severely affected the tourism industry and imposed supply chain disruptions; moreover, low-income countries face additional challenges due to the shortage of healthcare infrastructure. Restrictive measures have been put forth in South Korea, Malaysia, Singapore, the Philippines, and India to prevent disease transmission.
The market for Asia Pacific pet oral care products market is segmented into Animal, product, end user, distribution channel and country. Based on Animal, the market is segmented into cats and dogs. In 2020, the dogs segment held the largest share and cats is expected to the fastest growing segment over the forecast period. Based on product the Pet oral care products market is divided into mouthwash/rinse, tooth brush and paste, dental cleansing sprays, anti-plaque pens, and other product types. In 2020, the tooth brush and paste segment held the largest share and dental cleansing sprays is expected to the fastest growing segment over the forecast period. Based on the end user the market is segmented into veterinary hospitals, private clinics, and home care. The home care segment accounts for largest market share in the 2020 and is also expected to the fastest growing segment over the forecast period. Similarly, based on distribution channel, the market is bifurcated into supermarkets/hypermarkets, online channels, specialized pet shops, and other distribution channels. The specialized pet shops segment contributed a substantial share in 2020 and online channels is expected to the fastest growing segment over the forecast period in the pet oral care products market.
Vetoquinol SA; Dechra Veterinary Products, PLC; AllAccem, Inc.; Virbac; CEVA; Nestle; and Mars, Incorporated are among the leading companies in the pet oral care products market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Mars Petcare plans to invest $145 million to expand the production capabilities of its wet pet food manufacturing plant in Fort Smith, AR, by adding 200,000 square feet of space and installing two new production lines.
The report segments the Asia Pacific Pet Oral Care Products Market as follows:
Asia Pacific Pet Oral Care Products Market – By Animal Type
Asia Pacific Pet Oral Care Products Market – By Product Type
Asia Pacific Pet Oral Care Products Market – By End User
Asia Pacific Pet Oral Care Products Market – By Distribution Channel
Asia Pacific Pet Oral Care Products Market – By Country
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