Pet food biz grows in Thailand with annual revenue of USD 10b

Arief Fachrudin

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Thailand’s pet food industry has continued to grow steadily over the past five years, generating an average annual revenue of USD 10 billion.

This is largely driven by the increasing trend among younger generations to treat pets as family members, according to Thailand’s Department of Business Development (DBD).

DBD Director General Oramon Sapthaweetham stated that the pet food sector also earned an average annual profit of USD 357.3 million over the same period.

From 2019 to 2023, annual revenues from pet food businesses in Thailand were:

🦮 2019: USD 7.35 billion

🦮 2020: USD 8.74 billion

🦮 2021: USD 10.00 billion

🦮 2022: USD 12.02 billion

🦮 2023: USD 12.35 billion

Profits during the same years were:

💵 2019: USD 213 million

💵 2020: USD 316.28 million

💵 2021: USD 173.11 million

💵 2022: USD 546.15 million

💵 2023: USD 548.31 million

Ms Oramon noted that these figures clearly reflect the sector’s continuous expansion.

As of April 2025, 3,659 companies were officially registered as operating pet food businesses in Thailand, with a combined registered capital of USD 4.48 billion.

Breakdown of new registrations by year:

🐈 2023: 487 firms with USD 20.32 million in capital

🐈 2024: 436 firms with USD 21.03 million

🐈 2025 (Jan–Apr): 124 firms with USD 5.74 million

Top provinces for pet food businesses

The five provinces with the highest number of registered pet food businesses are:

🐩 Bangkok: 1,220 firms, USD 3.29 million in registered capital

🐩 Nonthaburi: 279 firms, USD 69.02 million

🐩 Samut Prakan: 210 firms, USD 301 million

🐩 Pathum Thani: 183 firms, USD 61.62 million

🐩 Nakhon Pathom: 139 firms, USD 48.07 million

Business closures also reported

Despite the sector’s growth, not all businesses have succeeded. Ms Oramon revealed that several companies ceased operations in the past three years:

🐈‍⬛ 2023: 96 firms (USD 16.10 million in capital)

🐈‍⬛ 2024: 100 firms (USD 4.92 million)

🐈‍⬛ 2025 (Jan–Apr): 19 firms (USD 589,000)

Social media trends and pet-friendly facilities fuel growth

Ms Oramon said social media has played a significant role in the industry’s growth, especially through the influence of ‘petfluencers’.

She said pet owners often share stories and photos of their pets online, inspiring others to adopt animals and engage with the pet care industry.

Additionally, more public facilities—such as hotels and shopping malls—are becoming pet-friendly, encouraging owners to bring their pets along and spend more on pet-related goods and services.

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