Research
Taiwan has a pet population of 730,000 and a large pet food market of £5.3billions. But we found that the Pet Healthcare food market only accounts for 8.3% of the pet food market, which is below the global level.
But before getting into the reasons behind this, we would like to highlight the importance of pet healthcare food. A vet that we interviewed gave us the insight that “because pets cannot speak, a lot of health problems are not detected in a timely manner, therefore prevention is important, and pet supplements are a good way to prevent disease.” Dr. John Bauer also insists that “while in the short run pet supplements can add up monetarily, in the long run, it may save you from some vet bills”
Pet owners in Taiwan have high prevention awareness, and a lot of owners who visit vets would buy supplements. Therefore, they believe that the low average is because of the industry's purchasing channels. So how is it different from other places in the world?