The export volume of dog or cat food from Thailand is expected to show a steady increase over the forecast period from 2024 to 2028. In 2023, the actual export volume stood at a notable level, providing a strong base for the forecast period. Year-on-year, the volume is projected to grow as follows: approximately 3.1% from 2024 to 2025, 3% from 2025 to 2026, 2.8% from 2026 to 2027, and 2.7% from 2027 to 2028. Over a longer period, the Compound Annual Growth Rate (CAGR) for the five years from 2024 to 2028 is around 2.9%.
Future trends to watch for include:
- Increasing demand for premium pet food products.
- Growth in the global pet population.
- Potential shifts towards more sustainable and organic pet food options.
- Trade policies and economic conditions affecting export capabilities.
- Technological advancements in pet food production and packaging.
