Thailand Pet Food Manufacturing & Export Market Intelligence
Thailand is the world's #2 exporter of dog and cat food β USD 2.67B in 2024 at 10% global share. Pure-play operator i-Tail leads a concentrated SET-listed stack that also includes Thai Union Petkind and Asian Sea Corporation's fastest-growing segment.
Key takeaways
- 1
Thailand moved to #2 global exporter of dog and cat food in 2024* at (), + YoY, taking global share. Only the US (, share) sells more.
- 2
The US is the single binding destination β of Thai exports at , + YoY. EU pulled (+), led by Italy, Germany, Belgium, France, and the Netherlands. Destination concentration is the #1 operational risk.
- 3
The listed operator stack is unusually clean. i-Tail Corporation (SET: ITC) is the pure-play: FY2024* revenue (+ YoY), net profit + to , and a product mix that is cat food. Thai Union (SET: TU), Petkind and Asian Sea Corporation (SET: ASIAN, pet food segment + YoY) complete the SET-listed anchor.
- 4
Market access hinges on US FDA FSMA Animal compliance and β increasingly β EU sustainability rules (EUDR carve-outs for soy-based feedstock, FEDIAF nutrition guidance). Thai operators that built real traceability early clear both gates; those relying on paperwork will hit the same wall twice.
- 5
Our read: Thai pet food is a cat-food-led export story with a credible 2028 target if the US relationship holds. The upside case requires EU share-taking in the 2026-2028 window; the downside case is US tariff-policy or a shrimp-style antibiotic incident.
Executive summary
What this report covers, and the thesis in one paragraph
Thailand exported of dog and cat food in 2024, moving to the #2 position behind the US and ahead of Poland and France. Growth was + year-on-year β a step-change, not drift β and the binding destination is the US at of shipments. The Thai operator stack is anchored by three SET-listed names: i-Tail Corporation as the pure-play ( FY2024, + YoY), Thai Union via Petkind ( 2023 pet care segment), and Asian Sea Corporation with the fastest-growing pet food P&L on the exchange (+ YoY).[, , ]
The thesis in one sentence: Thai pet food is a cat-food-led export story protected by early FSMA compliance and constrained by US destination concentration. i-Tail's cat / dog / treats mix is the country's export fingerprint β Thailand wins on tuna-based wet cat food because it inherits tuna-canning infrastructure, and that specialisation is what lets the listed operators compound margin while aggregators see only volume. Operators who invested in FSMA preventive-controls registration and EUDR-ready traceability hold a durable advantage that gets stronger as the rule curve tightens.[, ]
Numbers in this report are drawn from MOC HS 2309.10, UN Comtrade, SET-listed 56-1 filings (i-Tail, Thai Union, Asian Sea Corp, CPF), DBD financials for Perfect Companion Group and Mars Petcare Thailand, USDA FAS GAIN reports, and EU Eurostat. Every operator number traces to a primary filing; aggregator reads (Mordor, Kasikorn Research) corroborate but never anchor.[, , ]
What this report does not cover: domestic Thai retail pet food (the export number excludes domestic sell-through); regional pet-health and veterinary services; upstream feedstock economics (tuna cutoffs, chicken by-products, soy); or the reptile/aquarium niche. The focus is branded and private-label dog and cat food shipped from Thai factories to overseas shelves.
Thailand pet food export scale
HS 2309.10 (dog and cat food, retail packs) β export value by year, USD billions
2021
Exports (USD B)
1.45
YoY
base
Note
Pre-surge base year; branded-export programs stabilising.
2022
2023
Exports (USD B)
2.07
YoY
+13.7%
Note
Steady-state; global pet food aggregate slightly soft.
2024
Exports (USD B)
2.67
YoY
+29.0%
Note
Step-up year. Thailand moves past Poland, France to #2 globally.
| Year | Exports (USD B) | YoY | Note |
|---|---|---|---|
| 2021 | 1.45 | base | Pre-surge base year; branded-export programs stabilising. |
| 2022 | 1.82 | +25.5% | i-Tail IPO (Dec 2022) signals the listed pure-play era. |
| 2023 | 2.07 | +13.7% | Steady-state; global pet food aggregate slightly soft. |
| 2024 | 2.67 | +29.0% | Step-up year. Thailand moves past Poland, France to #2 globally. |
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Key figures
Selected anchors from the report evidence pack.
2024 pet food exports
Ministry of Commerce β HS 2309.10, UN Comtrade cross-check
US destination share
MOC, USDA APHIS cross-check
i-Tail 2024 revenue
i-Tail Corporation 2024 Form 56-1 Annual Report
Asian Sea Corp pet food segment
Asian Sea Corporation
EU imports from Thailand
Eurostat, EU DG TRADE, FEDIAF
BOI 2028 export target
Thailand BOI animal feed, pet food promotion list
Thai Union Petkind revenue
Thai Union Group 2025 Annual Report
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