Feed makers tap thriving pet food market

The country's pet food market is projected to grow at a compounded annual growth rate of six percent between 2022 and 2027, according to the US Pet Food Institute.

- Jasper Emmanuel Arcalas

The top five pet food companies in the Philippines are Mars Philippines Inc., Pet Plus Global Marketing Corp., Consumer Care Products Inc., Pet Discount Inc. and San Miguel Foods Inc., according to the market monitoring of the US Pet Food Institute.

Based on the same report, Mars Philippines Inc., the local affiliate of multinational Mars Inc., corners at least a third of the country's pet food market.

The country imported some 176 million kilograms of dog and cat food worth $200 million in 2023, based on Philippine Statistics Authority data.

The country's top dog and cat food suppliers are Thailand, China, Italy, Australia, France, the United States, South Africa, Austria, Malaysia and Vietnam.