WASHINGTON– The United States Department of Farming (USDA) Foreign Agricultural Service (FAS) has actually highlighted Taiwan, Spain, Portugal and the Philippines as “finest potential customers” for United States pet food manufacturers looking overseas. Increasing family pet populations and premiumization are cultivating ripe trade opportunities in these markets.
Pointing Out Euromonitor, the FAS shared the Taiwanese family pet grocery store is anticipated to exceed $1 billion in sales this year, which would represent a 63.8% boost from 2017 sales of $613 million. As premiumization takes this market by storm, business family pet food is gradually changing table scraps as dog and cat food, and need for top quality, complete-and-balanced nutrition is on the increase– specifically amongst more youthful, city family pet owners.
In action, Taiwan’s imports of dog and cat food have actually grown gradually over the last years, from $100.3 million in 2011 to $226.4 million in 2021. The patterns sustaining this growing market are “anticipated to stay robust,” the FAS shared.
In Spain, the story is comparable. The business imported $511 million worth of dog and cat food in 2021, representing a 27% year-over-year boost and preserving a strong five-year development pattern. Spanish family pet owners are paying closer attention to the health and dietary requirements of their family pets and, as the regional family pet population grows, a growing number of customers are selecting premium family pet food alternatives as an outcome. According to the FAS, Canada and the United States are amongst the leading family pet food importers to the nation, in addition to other European Union nations.
According to the European Animal Food Market Federation (FEDIAF), approximately 27% of homes in Spain own a minimum of one dog, and 16% own a minimum of one cat, up by 1% and 2% from 2019, respectively. In contrast, approximately 39% of homes in Portugal own a minimum of one dog, and 32% own a minimum of one cat, both up 1% from 2019, respectively.
” Animal food from the United States takes pleasure in an excellent track record in Portugal,” the FAS mentioned. This belief is shown in remarkable development in United States pet food imports to the nation over the last 5 years. According to the FAS, Portugal imported $243 million worth of family pet food in 2021. In 2022, the nation imported approximately $5.3 million in United States pet food, up from $2 million in 2017.
Although American family pet food exporters need to take on EU exporters in Spain, France and Germany, the United States stays a leading non-EU provider of family pet food in Portugal, according to the FAS. Sales of natural, raw and natural family pet food are on the increase in this market, as pet ownership boosts and more young couples decide to own family pets prior to having kids, according to Euromonitor.
Furthermore, the FAS noted family pet food as having “a high capacity for development” in the Philippines, where United States exports increased to $51 million in 2021, up 38% year-over-year. Once again, increased pet ownership and access to Asian markets will bode well for United States pet food exporters.
With these appealing potential customers on the horizon, Gina Tumbarello, senior director of global policy and trade at the American Feed Market Association (AFIA), in-depth missed out on trade opportunities and legal mistakes presently stinting the capability for United States pet food exporters to complete in the worldwide arena.
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