Food Science and Industry (식품과학과 산업)

Korean Society of Food Science and Technology (한국식품과학회)
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A new area of food industry; companion animal market

식품 산업의 새로운 영역; 반려동물 식품 시장

  • Son, Seok Jun (Department of Research Development, Agency for Korea National Food Cluster) ;
  • Bae, Jung Min (Department of Research Development, Agency for Korea National Food Cluster) ;
  • Park, Sang-Joon (College of Veterinary Medicine, Kyungpook National University) ;
  • Lee, Hyun Jung (School of Food Science, University of Idaho) ;
  • Lee, Hyun-Sun (Department of Research Development, Agency for Korea National Food Cluster)
  • 손석준 (국가식품클러스터지원센터 연구개발부) ;
  • 배정민 (국가식품클러스터지원센터 연구개발부) ;
  • 박상준 (경북대학교 수의과대학) ;
  • 이현정 (아이다호 주립대학교 식품과학과) ;
  • 이현순 (국가식품클러스터지원센터 연구개발부)
  • Received : 2017.11.13
  • Accepted : 2017.12.13
  • Published : 2017.12.31
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Abstract

A companion animal is a pet which lives and shares emotions with a person. The global pet industry economy has grown in recent times due to increased awareness of companion animals. In Korea, it grew from 800 million US dollars in 2012 to 2 billion US dollars in 2016, about 2.5-fold growth in five years. Within the pet industry, the pet food market occupies the largest market share having a value greater than 70 billion US dollars globally. In China, the average annual growth rate of the pet food industry is estimated at about 30%, and the market size is expected to reach 18 billion US dollars by 2020. The companion food market has potential to be the fastest growing and most viable food market in the future and would be a strategic employment avenue within the food industry. This report articulates the necessity for product development and institutional improvement of companion animal.

Keywords

References

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