The pet product market in Thailand is booming! The Department of Business Development, Ministry of Commerce, says the market was worth 40,638 million baht in 2022. And guess what? It’s expected to grow by a whopping 8.4% each year from 2023 to 2027. That means by 2027, the market will be worth a whopping 66,748 million baht!
The pet product market in Thailand has experienced significant growth, driven by various factors.
The domestic pet product market in Thailand continues to grow.
The domestic pet product market in Thailand continues to grow. According to the Department of Business Development, Ministry of Commerce, the value of the pet product market in Thailand in 2022 was 40,638 million baht and is expected to grow by an average of 8.4% per year during 2023-2027 to 66,748 million baht in 2027.
The growth of the pet product market in Thailand is due to several factors, including:
Changing attitudes of pet owners in Thailand Nowadays, pet owners in Thailand no longer view pets as just ordinary pets, but as important family members. Therefore, they place more importance on taking care of their pets.
Higher incomes for pet owners in Thailand mean they can spend more on pet products and services.
The development of new technologies and innovations has led to the emergence of many new pet products and services to meet the diverse needs of pet owners.
Popular pet products in Thailand include:
Pet food This type of product is the top-selling product in the pet product market in Thailand because it is a necessity for every pet.
Pet toys These types of products will help stimulate your pet to exercise and reduce stress.
Pet care products This type of product will help maintain the cleanliness and health of your pet.
Pet supplies This type of product will help pet owners take care of their pets more conveniently.
The future trend of the domestic pet product market in Thailand is expected to continue to grow. The product types with high growth potential include:
Health-conscious pet products This type of product will become more popular as pet owners in Thailand want to take better care of their pets' health.
Smart pet products These products will help facilitate pet owners and improve their health and well-being.
Unique and creative pet products This type of product will help meet the diverse needs of pet owners.
Pet product entrepreneurs in Thailand should therefore focus on developing new products and services to meet the changing needs of pet owners and should focus on building confidence in the quality and safety of products and services to create satisfaction for pet owners.