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June 1, 2021updated 02 Jun 2021 9:14am

Thai Union sets up Japan pet-food arm

Thai Union is setting up a new business in Japan through which the seafood giant will import and sell pet-food products.

By Dean Best

In a filing with the Stock Exchange of Thailand, Thai Union said Japan Pet Nutrition Co. would market “pet food and pet-related products” in the country.

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The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
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Thai Union is establishing the business through its Songkla Canning Public Company Limited subsidiary. Songkla Canning will own 90% of the new venture, with an executive called Takehiko Miura holding the remainder.

While Thai Union’s principal business is in selling human seafood products, the company is present in the pet-food market. The group’s pet-food operations include US subsidiary US Pet Nutrition, which imports and distributes pet products Stateside.

Some 5% of Thai Union’s annual sales in 2020 were generated in Japan, a market the company described in its annual report as one of the world’s “largest consumers of fish and seafood products”.

Thai Union generated group sales of THB132.4bn (US$4.25bn) in 2020, up 4.9% on a year earlier. The company said its sales volumes rose 5.6% “thanks mainly to solid performances from the ambient seafood and pet-care businesses”.

The group’s pet-care arm includes the Bellotta and Marvo brands. Only 6% of Thai Union’s pet-care sales came from its own brands in 2020, according to the company’s annual report. Thai Union’s pet-care clients include Mars.

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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