Pet Food Processing - September 2023 - 51

owners, representing the second-highest rate across Asia.
Sales of dog food, which make up a majority of pet food
sales in the Philippines, are forecasted to grow 9% to $434
million in 2023, supported largely by dry food. Cat food
sales are expected to climb 13%, supported predominantly
by wet food. Pet food sales saw 9% growth from 2021 to
2022 as well, following a 33% jump from $272 million in
2020 to $364 million in 2021, according to Euromonitor.
According to data shared by Euromonitor, total pet food
sales in the Philippines reached $397 million in 2022. Dog
food sales accounted for $331 million of the total market in
2022; cat food sales represented $61 million; and " other " pet
food - such as for birds, fishes, reptiles and small mammals
- remained flat at $4 million, as it has since 2018.
US pet food manufacturers
are known worldwide for
products that are superior in
quality, reliability and nutrition. "
Gina Tumbarello, American Feed Industry Association
Dry and wet pet food, as well as meal mixers and treats,
are all opportunities for market growth in the Philippines,
according to the USDA FAS.
Singapore imports more than 90% of its food products
and has a very diverse variety of trading partners. The
United States exported about $1.4 billion worth of agricultural
products to the country in 2022, making it Singapore's
third-largest agricultural exporter behind Malaysia and the
European Union.
On average, Singaporeans have a high level of income
and are considered tech-savvy, with 42% of the population
having used the internet to buy and sell goods in 2022, according
to Euromonitor. Such a tech-savvy population has
also led to the growth of e-commerce in the country, with
grocery e-commerce sales increasing 30% between 2017
and 2022.
All this has led to steady growth of dog and cat food
imports. Pet owners in the country have embraced the humanization
of pets, treating their companions as members
of their families and demanding healthy and innovative pet
nutrition products.
However, pet food competition is fierce in Singapore.
According to Euromonitor, there are more than 20 dog
food companies in the country, and none of these companies
hold more than 8% of pet food sales. Additionally, the
cat food market is believed to be even more concentrated.
Despite this, the United States exported $15.9 million in
dog and cat food in 2022, up 17% from 2021. The United
States currently holds a 23% market share in Singapore's pet
food market, just second to Thailand.
Achieve consistent yields and
color throughout each rack.
Whether itʼs racked or hung product, the Fusion Tech
smokehouse produces up to 10% more yields and up to
28% greater consistency than a standard smokehouse.
Our patented ability to control where the air moves in
the oven allows you to prevent product from being
overcooked and undercooked on the same rack. Youʼll
see consistent color from top to bottom - giving you
greater yields and better profits. Learn more about our
ovens and airflow at iinc.org/ovens.
Try it at our
Innovation
Center
ftiinc.org/innovation
YIELDS
IMPROVE
PFP
FTIINC.ORG/OVENS
309.588.4803
www.petfoodprocessing.net | September 2023 | PET FOOD PROCESSING 51
http://www.ftiinc.org/innovation http://www.iinc.org/ovens http://ftiinc.org http://www.FTIINC.ORG/OVENS
Pet Food Processing - September 2023

Table of Contents for the Digital Edition of Pet Food Processing - September 2023
