Pet Food - Laos | Statista Market Forecast

Revenue in the Pet Food market amounts to US$11.76m in 2024. The market is expected to grow annually by 11.02% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$60bn in 2024).
In relation to total population figures, per person revenues of US$1.52 are generated in 2024.
In the Pet Food market, volume is expected to amount to 9.01m kg by 2029. The Pet Food market is expected to show a volume growth of 9.3% in 2025.0.
The average volume per person in the Pet Food market is expected to amount to 0.8kg in 2024.

Definition:

The Pet Food market covers food that has been specifically created to meet the nutritional requirements of domesticated animals, including dogs, cats, as well as feed products for other less common house pets such as rodents and reptiles. Various components that supply vital nutrients for the animal’s health and wellness are often included in pet food.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

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Dog food
Cat food
Food for other house pets (rodents, reptiles, birds etc)

Feeds for farm animals
Pet supplement
Out-of-home consumption

The Pet Food Market in Laos has seen moderate growth, hindered by factors such as limited awareness of pet health and a preference for traditional feeding methods. Despite this, the market is expected to see an increase in demand due to the growing pet population and rising disposable income in the region.

Customer preferences: Consumers in Laos are increasingly prioritizing the health and well-being of their pets, resulting in a rise in demand for premium and natural pet food products. As pet owners become more conscious of their pet's diet, there is a growing preference for organic and grain-free options. Additionally, with the rise of pet adoption and ownership among younger generations, there is an increasing demand for customizable and personalized pet food options. These trends reflect a shift towards a more health-conscious and individualized approach to pet care.

Trends in the market: In Laos, the Pet Food Market is experiencing a shift towards more natural and organic pet food products. This trend is driven by an increasing awareness of the health benefits of such products for pets. Additionally, there is a growing demand for premium pet food, as pet owners are willing to spend more on their furry companions. This trend is expected to continue, with the potential for new market players and innovative product offerings. Industry stakeholders should focus on catering to this demand and capitalize on the potential for growth in the Pet Food Market in Laos.

Local special circumstances: In Laos, the Pet Food Market is heavily influenced by the country's predominantly Buddhist culture, where vegetarianism and animal welfare are highly valued. This has led to a demand for plant-based and organic pet food products. Additionally, Laos' mountainous terrain and limited road infrastructure make it difficult for large-scale distribution, resulting in a reliance on traditional markets and small local suppliers. The market is also regulated by the government's strict import laws, limiting the availability of foreign pet food brands. These factors contribute to a unique market landscape in Laos, with a focus on locally-sourced and natural pet food options.

Underlying macroeconomic factors: The growth of the Pet Food Market within The Food market is highly influenced by macroeconomic factors such as consumer spending patterns, disposable income, and economic stability. Countries with a strong economy and high disposable income are expected to have a higher demand for premium pet food products. Additionally, favorable government policies and regulations, such as import/export regulations and tax policies, can also impact the growth of the market. Moreover, the increasing trend of pet humanization and the growing pet ownership rates in developing countries are expected to drive the demand for pet food products in the global market.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.