Pet Care Market Size, Share & Trends Analysis Report 2020—2027 (PDF)
The global pet care market is expected to grow at a cagr of 4.8% between 2020 to 2027, the market was valued at USD 153.25 billion in 2019. The increasing availability of pet care products and growing demand for pet grooming is anticipated to boost the global pet care market growth. Moreover increasing adoption of pets in the developing countries is anticipated to further boost the market growth over the forecast period.
Dogs and cats are among the largest adopted pets in the world; dogs are preferred in most households as they offer security and are easy to train compared to other pet animals.
The demand for pet care services such as Veet grooming or boarding, veterinary care, pet food supplies, and training is growing steadily in countries such as United States, United Kingdom, Japan, China, Germany, and India. Companies are utilizing the internet as a medium for or marketing and promoting their services; moreover online purchase and booking of pet care services have also increased substantially in the last five years.
Most pet owners consider their pets as family members and therefore they seek the best quality services for their pets. Companies are offering advanced services such as pet spa, training, grooming for pets, which is expected to increase the demand for the pet care market over the next 7 years. Additionally, the usage of technology for pet care, such as pet trackers is expected to further boost the market growth.
The Global pet care market has been segmented based on pet type into dogs, cats, fish, and birds. The dogs are the most preferred domestic pet animals in the world with a greater than 42% market share in 2019. Dogs are more humanly animals that are adorable, loyal, caring, guardians, easy to train; therefore the demand for various breeds of dogs Rottweiler, Husky, German Shepherd, dalmatian, and other is growing substantially around the world.
Cats are the second-largest adopted pet animal in the world, cats are less expensive compared to dogs in terms of training and caring; therefore the cat segment is expected to grow at a cagr of 5.1% between 2020 to 2027.
Fish and bird as a pet animal are expensive to maintain and also has less life expectancy compared to cats and dogs. Fish and birds are generally kept in a household for aesthetic purposes as they cannot be kept free as dogs and cats.
The Global pet care market has been segmented on the basis of product type into grooming and boarding services, pet food, veterinary services, live animal purchase, supplies, and medication. The pet food segment accounted for greater than 60% market share in 2019. The easy availability of animal-specific pet food, health benefits that these foods offer is anticipated to boost the segmental growth.
The pet grooming and boarding services segment is the second-largest segment in the global pet care market. The growing social media influence over the pet owners regarding pet grooming and training is essentially increasing the demand for grooming and boarding services around the world. As this service is our expensive the demand for the services is substantially lower in developing countries such as India.
Technological advancement in the veterinary services segment is expected to boost the segmental demand. Increasing animal diseases and awareness about regular health check-ups for pets are a few factors supporting the veterinary services market growth.
In North America, the pet care market dominated the Global market with a greater than 65% market share in 2019. High disposable income, better veterinary facilities, availability of major pet care services, and an increasing number of pet animals are expected to boost the regional market growth over the forecast period.
Asia Pacific region is emerging as the fastest-growing pet care market in the world; Asian countries such as India has witnessed an outburst In Pet adoption rate in the last decade. The demand for pet food from the online distribution network is high in India.
Following is the least of pet care companies that are profiled in this particular report:
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