South Korea Pet Food Flavours and Ingredients Market to 2032
Overview
The South Korea Pet Food Flavours and Ingredients Market is expected to reach a 722.87 USD Million by 2032 and is projected to grow at a CAGR of 12.70% from 2025 to 2032.
Revenue, 2024 (USD Million)
345.10
Forecast, 2032 (USD Million)
722.87
CAGR, 2024 - 2032
12.70%
Report Coverage
South Korea
South Korea Pet Food Flavours and Ingredients Market 2018-2032 USD Million
South Korea Pet Food Flavours and Ingredients Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 345.10 USD Million
- Projected Market Size (2032): 722.87 USD Million
- CAGR (2025-2032): 12.70%
Key Findings of South Korea Pet Food Flavours and Ingredients Market
- The South Korea Pet Food Flavours and Ingredients Market was valued at 345.10 USD Million in 2024.
- The South Korea Pet Food Flavours and Ingredients Market is likely to grow at a CAGR of 12.70% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Dog Food in Pet Food Segment accounted for the largest share of the market with a revenue of 341.15 USD Million
- The fastest growing segment Vitamins in Product Segment grew Fastest with a CAGR of 21.54% during the forecast period from 2024 to 2032.
South Korea Pet Food Flavours and Ingredients Market Scope
South Korea Pet Food Flavours and Ingredients Market Segmentation & Scope
Distribution Channel
- Indirect
- Direct
Category
- Conventional
- Organic
Functionality
- Others
- Preservation
- Processing
- Nutrition
Form
- Liquid
- Dry
Source
- Yeast
- Others
- Animal Based
- Plant Based
Pet Food
- Others
- Aqua Pets Food
- Birds Food
- Cat Food
- Dog Food
Product
- Others
- Cocolorants
- Antimicrobials
- Carotenoids
- Phytogenic
- Nitrogen
- Mycotoxin Binders
- Mold Inhibitors
- Feed Acidifiers
- Enzymes
- Pellet Binders
- Antioxidants
- Probiotics
- Flavours And Palatability Enhancer
- Preservatives
- Trace Minerals
- Amino Acid
- Vitamins
South Korea Pet Food Flavours and Ingredients Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 345.10 USD Million |
| Market Value in 2032 | 722.87 USD Million |
| CAGR (2025-2032) | 12.70% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Distribution Channel,Category,Functionality,Form,Source,Pet Food,Product |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 345.10 USD Million in 2024
- Key Country: South Korea, leading in terms of revenue with value of 345.10 USD Million in 2024.
Segments and Scope
-
South Korea Pet Food Flavours and Ingredients Market to 2032, By Distribution Channel
- Direct is the largest segment in South Korea Pet Food Flavours and Ingredients Market to 2032 with a revenue of 213.49 USD Million in the year 2024.
- Direct is the Fastest growing segment in South Korea Pet Food Flavours and Ingredients Market to 2032 with a Growth rate of 13.19 % in forecast period 2025-2032.
-
South Korea Pet Food Flavours and Ingredients Market to 2032, By Category
- Organic is the largest segment in South Korea Pet Food Flavours and Ingredients Market to 2032 with a revenue of 211.45 USD Million in the year 2024.
- Organic is the Fastest growing segment in South Korea Pet Food Flavours and Ingredients Market to 2032 with a Growth rate of 13.20 % in forecast period 2025-2032.
-
South Korea Pet Food Flavours and Ingredients Market to 2032, By Functionality
- Nutrition is the largest segment in South Korea Pet Food Flavours and Ingredients Market to 2032 with a revenue of 152.16 USD Million in the year 2024.
- Nutrition is the Fastest growing segment in South Korea Pet Food Flavours and Ingredients Market to 2032 with a Growth rate of 13.80 % in forecast period 2025-2032.
-
South Korea Pet Food Flavours and Ingredients Market to 2032, By Form
- Dry is the largest segment in South Korea Pet Food Flavours and Ingredients Market to 2032 with a revenue of 205.59 USD Million in the year 2024.
- Dry is the Fastest growing segment in South Korea Pet Food Flavours and Ingredients Market to 2032 with a Growth rate of 13.24 % in forecast period 2025-2032.
-
South Korea Pet Food Flavours and Ingredients Market to 2032, By Source
- Plant Based is the largest segment in South Korea Pet Food Flavours and Ingredients Market to 2032 with a revenue of 160.77 USD Million in the year 2024.
- Yeast is the Fastest growing segment in South Korea Pet Food Flavours and Ingredients Market to 2032 with a Growth rate of 13.27 % in forecast period 2025-2032.
-
South Korea Pet Food Flavours and Ingredients Market to 2032, By Pet Food
- Dog Food is the largest segment in South Korea Pet Food Flavours and Ingredients Market to 2032 with a revenue of 341.15 USD Million in the year 2024.
- Aqua Pets Food is the Fastest growing segment in South Korea Pet Food Flavours and Ingredients Market to 2032 with a Growth rate of 12.79 % in forecast period 2025-2032.
-
South Korea Pet Food Flavours and Ingredients Market to 2032, By Product
- Vitamins is the largest segment in South Korea Pet Food Flavours and Ingredients Market to 2032 with a revenue of 37.81 USD Million in the year 2024.
- Vitamins is the Fastest growing segment in South Korea Pet Food Flavours and Ingredients Market to 2032 with a Growth rate of 21.54 % in forecast period 2025-2032.
South Korea Pet Food Flavours and Ingredients Market Company Share Analysis
| Company Name |
|
||
| Kerry Group plc. | |||
| International Flavors & Fragrances Inc. | |||
| Ingredion | |||
| BASF SE | |||
| Cargill, Incorporated | |||
South Korea Pet Food Flavours and Ingredients Market Geographical Sales Distribution, 2018-2032 USD Million
South Korea Pet Food Flavours and Ingredients Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Pet Food Flavours and Ingredients Market is segmented based on Segmentation Distribution Channel,Category,Functionality,Form,Source,Pet Food,Product.
South Korea Pet Food Flavours and Ingredients Market was valued at USD 345.10(Revenue in USD Million) in 2021.
South Korea Pet Food Flavours and Ingredients Market is projected to grow at a CAGR of 12.70% during the forecast period of 2024 to 2032.
The Dog Food segment is expected to dominate the South Korea Pet Food Flavours and Ingredients Market, holding a largest market share of 341.15 USD Million in 2024
Coming Soon....
South Korea Pet Food Flavours and Ingredients Market Scope
South Korea Pet Food Flavours and Ingredients Market Segmentation & Scope
Distribution Channel
- Indirect
- Direct
Category
- Conventional
- Organic
Functionality
- Others
- Preservation
- Processing
- Nutrition
Form
- Liquid
- Dry
Source
- Yeast
- Others
- Animal Based
- Plant Based
Pet Food
- Others
- Aqua Pets Food
- Birds Food
- Cat Food
- Dog Food
Product
- Others
- Cocolorants
- Antimicrobials
- Carotenoids
- Phytogenic
- Nitrogen
- Mycotoxin Binders
- Mold Inhibitors
- Feed Acidifiers
- Enzymes
- Pellet Binders
- Antioxidants
- Probiotics
- Flavours And Palatability Enhancer
- Preservatives
- Trace Minerals
- Amino Acid
- Vitamins
Frequently Asked Questions
The South Korea Pet Food Flavours and Ingredients Market is segmented based on Segmentation Distribution Channel,Category,Functionality,Form,Source,Pet Food,Product.
South Korea Pet Food Flavours and Ingredients Market was valued at USD 345.10(Revenue in USD Million) in 2021.
South Korea Pet Food Flavours and Ingredients Market is projected to grow at a CAGR of 12.70% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Pet Food Flavours and Ingredients Market for final year is USD 722.87 (USD Million).
South Korea Pet Food Flavours and Ingredients Market Company Profiling
Frequently Asked Questions
The South Korea Pet Food Flavours and Ingredients Market is segmented based on Segmentation Distribution Channel,Category,Functionality,Form,Source,Pet Food,Product.
South Korea Pet Food Flavours and Ingredients Market was valued at USD 345.10(Revenue in USD Million) in 2021.
South Korea Pet Food Flavours and Ingredients Market is projected to grow at a CAGR of 12.70% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Pet Food Flavours and Ingredients Market for final year is USD 722.87 (USD Million).
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