The slow rise expected in the dog population is one of the main factors expected to prevent stronger growth in dog food in South Korea in the forecast period. Since 2019, the annual growth in the dog population has been 3% or less, and even slower rates of growth are expected in the coming years.
Dry dog food is becoming increasingly hard to find in physical retail stores in South Korea. One of the primary reasons for this trend is the convenience of online shopping.
The polarisation between premium and economy dog food is being driven by the increasing demand for high-quality dog food products amongst pet owners. As pet owners become more aware of the importance of their pets’ nutrition and health, they are willing to pay a premium for high-quality dog food.
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Understand the latest market trends and future growth opportunities for the Dog Food industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Dog Food industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Dog Food
This report originates from Passport, our Dog Food research and analysis database.
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