2020 Pet Industry Trends in Malaysia

2020 Pet Industry Trends in Malaysia

The pet industry statistics clearly demonstrate that tastes in pets and pet care vary among humans. But whether you have a cat, dog, horse, bird, or snake, all of these pets need healthy food, hygiene maintenance, a place to sleep, etc.

The South East Asia Pet Care Market is estimated and expected to reach 1,412.7 million by 2020.

With that in mind, this is a list of ongoing pet industry trends that are happening in Malaysia.

Pet Supplements

Supplements started as a human dietary supplement for joint health decade ago. But over the years, pet owners realized that it is beneficial for their pets’ joint health throughout their lives.

Sure enough, a Google Trends search for “glucosamine for dogs” shows a steady uptick in queries over the last fifteen years, as glucosamine joined the ranks of leashes, beds, and bones as a normal thing to buy for your pets.

New Products Categories Emerge

From interactive balls that test your pup’s smarts to durable ropes, all of these are pretty staples items for pet owners. Still, there has also been a wave of innovation to enhance pets living conditions such as pet toothpaste, pet wipes, smart litter box, and many more.

Pet tech products reached $565 million in sales in 2018, according to new research from an upcoming report U.S. Pet Market Outlook 2019–2020 by Packaged Facts.

High-End Pet Products go Mainstream

Pet owners who want the best for their fur babies fancy luxury food. Overall, there’s nothing wrong with it, as human nature, we always strive to provide the best to the ones we love.

Despite statistics shows the pet industry is multiplying, there are undoubtedly several setbacks due to the coronavirus pandemic.

A market research firm’s Package Facts forecasts that total U.S. retail sales of pet products and services will decline by 17% in 2020, compared with the 5% growth anticipated before the coronavirus pandemic. 

Pet Food Niches are Growing

Pet owners purchasing practices and changing attitudes made significant impact in the pet food industry.

Malaysian Pet Food market is projected to grow at a CAGR of 6.2% during the forecast period (2020-2025).

Indeed, the increase in the pet humanization trend has made Malaysian pet owners more cautious in ensuring their pets receive the best pet nutrition.

For instance, freeze dry dog food, raw pet food, and keto dog food are also a big entrant in pet food market.

Direct to Consumer Products

Direct to Consumer product (DTC) is a trend on its own. In other words, you are selling your products directly to your end customers without third party retailers, wholesalers or other middleman.

But, the pet industry is a clear example of where it’s taking off. For instances, Chewy sells pet supplies directly and it reported a 4.8 billion growth in 2020.

Pet Insurance Space Continues to Grow

Several insurers have been testing the water in this sector, which is expected to reach £1.1billion by 2019 (Timetric) and it is growing. In fact, searches for paid insurance are up 66% in 5 years.

Sources: Exploding Topics

Leave your vote

Share this article with love

Share on facebook
Facebook
Share on twitter
Twitter
Share on whatsapp
WhatsApp
Be Part Of Petotum Family

We’re here to connect petcare services & pet parents together in a unified ecosystem filled with love.

Lai Elise

I am currently earning my undergrad program in Public Relations from HELP University. I entered the pet technology industry to explore my passion for Social Media and Digital Marketing.In addition to my primary job functions, my past experiences involve translating and localizing for clients based in Asia and the United States.

More articles for you

connects pet parent &
pet care services All in one Place

Creating big impact one paw at a time.

Add to Collection

No Collections

Here you'll find all collections you've created before.

#PAWer
Discover your pets purrfect moments with us.
Find Out More
#PAWer
Discover your pets purrfect moments with us.
Find Out More