{"id":7878,"date":"2024-05-24T16:37:05","date_gmt":"2024-05-24T09:37:05","guid":{"rendered":"https:\/\/pet-variety.com\/opportunities-for-growth-and-rapid-market-expansion-in-the-next-5-years\/"},"modified":"2025-09-30T14:11:19","modified_gmt":"2025-09-30T07:11:19","slug":"opportunities-for-growth-and-rapid-market-expansion-in-the-next-5-years","status":"publish","type":"post","link":"https:\/\/pet-variety.com\/en\/lastest-news-en-2\/opportunities-for-growth-and-rapid-market-expansion-in-the-next-5-years\/","title":{"rendered":"Opportunities for growth and rapid market expansion in the next 5 years"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"7878\" class=\"elementor elementor-7878 elementor-1700\" data-elementor-settings=\"{&quot;element_pack_global_tooltip_width&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_width_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_width_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_padding&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_padding_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_padding_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true}}\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ecf2988 e-con-full e-flex e-con e-parent\" data-id=\"ecf2988\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f20535d elementor-widget elementor-widget-text-editor\" data-id=\"f20535d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The pet care market in Southeast Asia, which includes Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, was projected to be worth $3.3 billion in 2023. Additionally, markets in Brunei, Cambodia, Laos, and Myanmar were also included in the analysis. With 90% of sales in Southeast Asia\u2019s pet care business coming from the pet food industry, which is valued at $3 billion.<\/p><p><strong>The largest market both in volume and value terms is Thailand at $1.5 billion (\u20ac1.4B), which accounts for nearly half of the entire Southeast Asian market.<\/strong><\/p><p>Southeast Asia\u2019s pet care industry is witnessing a dramatic shift driven by\u00a0<strong>increases in pet ownership, humanization,\u00a0premiumization trends and\u00a0<\/strong><strong>health consciousness.<\/strong>\u00a0<strong>Mid-priced pet food is the bulk category<\/strong>\u00a0within pet food in Southeast Asia, accounting for 44% of total sales in 2023. Meanwhile, the\u00a0<strong>fastest-growing categories over 2018-2023 were premium pet food, and treats and mixers<\/strong>, both experiencing a 16% CAGR.\u00a0<br \/>Given these shifting consumer tastes and dynamic trends, businesses shouldn\u2019t pass up the opportunity to take advantage of the new chances in this area.<\/p><p>IMPACT Exhibition Management Co., Ltd., in collaboration with the Thai Pet Industry Association (TPIA) and Perfect Companion Group Co., Ltd., acknowledges the growth of the pet market and the trend of Pet Parents in Southeast Asia. Therefore, we are organizing the\u00a0<strong>14th\u00a0Smartheart\u00a0presents Thailand International Pet Variety Exhibition<\/strong>\u00a0\u2013 a showcase of pet products and services, marking the end of the year, from October 3-6, 2024. 10.00 AM \u2013 08.00 PM. Hall 7 \u2013 8, IMPACT Exhibition &amp; Convention Center, Bangkok, Thailand.\u00a0 For more information, please contact Line: @petvariety\u00a0or visit\u00a0<a href=\"https:\/\/lin.ee\/IpRtGOk?fbclid=IwAR2nhXKE_PZSGYkpzNOqgTh5X8eC5NkI8t9n71b5BXb47vhiq7Wk3C80S3o_aem_AeCXSdcfir9szyj6ievhArmMIN5o7vZG8TrG8bTMCn3Wk8wf4_zdAR87n3_GY00uU1SjxGWfNc0P1FD1ik5WPpGY\">https:\/\/lin.ee\/IpRtGOk<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fac9509 elementor-widget elementor-widget-image\" data-id=\"fac9509\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/pet-variety.com\/wp-content\/uploads\/2024\/07\/pet-variety-2024-2.webp\" title=\"\" alt=\"\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The pet care market in Southeast Asia, which includes Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, was projected to be worth $3.3 billion in 2023. Additionally, markets in Brunei, Cambodia, Laos, and Myanmar were also included in the analysis. With 90% of sales in Southeast Asia\u2019s pet care business coming from the pet food [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[54],"tags":[],"class_list":["post-7878","post","type-post","status-publish","format-standard","hentry","category-lastest-news-en-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Opportunities for growth and rapid market expansion in the next 5 years - Thailand International Pet Variety Exhibition<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pet-variety.com\/en\/lastest-news-en-2\/opportunities-for-growth-and-rapid-market-expansion-in-the-next-5-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Opportunities for growth and rapid market expansion in the next 5 years - Thailand International Pet Variety Exhibition\" \/>\n<meta property=\"og:description\" content=\"The pet care market in Southeast Asia, which includes Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, was projected to be worth $3.3 billion in 2023. Additionally, markets in Brunei, Cambodia, Laos, and Myanmar were also included in the analysis. With 90% of sales in Southeast Asia\u2019s pet care business coming from the pet food [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pet-variety.com\/en\/lastest-news-en-2\/opportunities-for-growth-and-rapid-market-expansion-in-the-next-5-years\/\" \/>\n<meta property=\"og:site_name\" content=\"Thailand International Pet Variety Exhibition\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-24T09:37:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-30T07:11:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pet-variety.com\/wp-content\/uploads\/2024\/07\/pet-variety-2024-2.webp\" \/>\n<meta name=\"author\" content=\"sittichaisu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"sittichaisu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" 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