The market is dominated by domestic suppliers, as imports account for 5.1% of total market size in 2022. B2B drives market demand, with B2B spending representing 98.8% of total demand in 2022. South Korea has the fifth largest market size for pet food and animal feeds regionally, with demand reaching USD10.4 billion in 2022. Nonghyup Feed Inc is the largest company in South Korea, generating 14.6% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 54.7% of total production value in 2022. The total number of companies increases in 2022, to 1,178 units. The costs of the industry decrease by 10.8% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 3.8% of production value in 2022, the 17th highest regionally. The industry’s exports share increases in 2022 to 0.8% of total production output. With production value of USD9.0 billion, South Korea accounts for 2.4% of the Asia Pacific total in 2022.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF.
This Euromonitor industrial report provides unique information on Pet Food and Animal Feeds in South Korea: ISIC 1533. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Pet Food and Animal Feeds in South Korea: ISIC 1533 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
See All of Our DefinitionsIf you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!