Pet products is projected to see healthy growth over the forecast period, supported by various factors including an expected improvement in the economy. With the COVID-19 pandemic at an end and with economic activity increasing this should help to boost consumer confidence.
Due to relatively small size of the category and the lack of investment in marketing, the main players in pet products will likely focus on increasing and expanding their distribution reach over the forecast period, with this being seen as key to growth. The smallest players, included under “others,” still accounted for three quarters of value sales within pet products in 2022, with most having very limited distribution.
Consumers in Vietnam are leading faster and busier lifestyles, especially in urban areas, and this is encouraging more people to look for pets as companions. Moreover, as people increasingly see their pets as companions or even as family members they are becoming increasingly willing to take care of their pets with functional nutrition, pet healthcare or trendy clothes accessories.
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Understand the latest market trends and future growth opportunities for the Pet Products industry in Vietnam 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 Pet Products industry in Vietnam, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is the aggregation of cat litter, healthcare, dietary supplements and other pet products.See All of Our Definitions
This report originates from Passport, our Pet Products research and analysis database.
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