In 2023, Thailand's import of dog or cat food stood at approximately 72.31 million USD. The forecasted data indicates a steady increase in imports from 2024 to 2028. The year-on-year variations reflect a growth trajectory, with an average annual increase of about 3.4%. Over the last two years, the import value has escalated by 3.2% and 3.1%, respectively. The compound annual growth rate (CAGR) over the forecasted five-year period is around 3.3%, marking a consistent upward trend.
Future trends to watch for:
- Rising pet ownership rates in Thailand, potentially driving higher demand for imported pet food.
- Increasing awareness of pet nutrition and preference for premium or specialized pet food products.
- Economic factors such as exchange rates and trade policies that may impact import volume and cost.
- Growing e-commerce platforms facilitating easier access to a wider range of pet food products.