Pet Care Market: Information by Product Type (Pet Food), Animal (Dogs), Distribution Channel (Stores), and Region — Forecast till 2029

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Report Description

Petcare products are aimed towards providing better facilities, food and nutrition, care, comfort, and healthcare services for pets or companion animals. The wide range of pet care products includes pet food, cleaning and grooming products, toys, furniture, nutritional supplements, and medical supplements and care products.

The growth of the pet care products market globally is directly influenced by the growing population of pets and other concerned needs in both developed and emerging economies. Further, a number of these factors have bolted the market growth significantly.

The pet care market was valued at USD 2225 million in 2019 and is expected to grow with a CAGR of 6.1% during the forecast period.

Pet-Care-Market

Growing Rate of Pet Humanization to Drive the Market Growth

Pet humanization refers to treating pets as one of the family members. This is showing a positive growth factor on the market with rising consumer interest in providing more humanly and advanced care to the pet. Further, consumers who adopt these companion animals seek advanced care products and healthcare facilities for them. For instance, according to the American Pet Products Association, Americans spent more than the U.S.D 66 billion on pet products and services in 2016, which has pushed continuously the market limits generating growth.

Globally, as pet humanization has become common, there has been an exponential rise in the demands for products and services from the concerned market to provide products that are safer for these animals. In addition, market growth is boosted by the rise in the number of product offerings from key players and various innovations in the distribution channel. The growing number of sickness has compelled the owner to invest in healthcare services. For instance, according to a report published by the North American Pet Health Insurance Association (NAPHIA), more than 2.5 million pets in the U.S. and Canada were under an insurance plan as of 2018.

Pet-Care-Market-Growth

Pet Care Market: Segmentation

Pet Food Segment to Hold the Largest Market Share by Products

The pet food segment holds the largest chunk of the market. The rise in the number of pet adoption worldwide has significantly boosted the segment growth. The rising disposable income, especially in developing countries, has surged the demand for pets and pet food. Moreover, with the boom in e-commerce worldwide, there has been a growing demand for home delivery of food provided by online stores. Additionally, the grooming and boarding segment is expected to grow at a significant rate over the forecast period.

Dogs: Highest Adopted Pet across the Globe

The dog segment leads the market during the forecast period. As per the American Society for the Prevention of Cruelty to Animals, roughly 3.3 million dogs enter animal shelters annually. Further, there are studies proving the positive impact of dogs in improving the physical and mental health of humans that is considered a prime factor that is influencing the market. For instance, dogs help in reducing depression, encourage exercise, and enhance cardiovascular health. The segment, on the other hand, is projected to grow at a significant rate during the forecast period.

Regional Overview

North-America-Lead-Pet-Care-Market

Growing Number of Governmental Animal Health Organizations in North America Drives the Market Growth

The North American pet care market is driven by the growing number of pet owners and increasing awareness about good veterinary health in the region. In addition, a growing number of governmental animal health organizations and surging awareness of veterinary health are rapidly surging manufacturers' investments in the industry. For instance, according to the American Pet Products Association, approximately 44% of U.S. households own dogs, while 37% own cats. This has led to growing investments in the region. There is a growing demand for natural pet food across the U.S., owing to obesity risks in pets. As per the Association for Pet Obesity Prevention, an estimated 55% of dogs and cats in the U.S. are obese, further fueling the demand for remedial services and products.

India to Bolster Asia-Pacific's Market Growth

Asia-Pacific is anticipated to witness steady growth during the forecast period. India is expected to be the fastest-growing country within the APAC region on account of the developing economy and rising standard of living and disposable income in the country. The Indian International Pet Fair survey estimates that the pet population has proliferated. Approximately 6,00,000 pets are adopted every year, which is further driving the demand for food, accessories, and pet healthcare products in the region.

Key Players

  • PetSmart Inc. (The U.S.)
  • Petco Animal Supplies, Inc. (The U.S.)
  • General Mills, Inc. (The U.S.)
  • Mars Incorporated (The U.S.)
  • Nestle S.A.(Switzerland)
  • Petmate Holdings Co. (The U.S.)
  • KONG Company (The U.S.)
  • Champion Petfoods LP (The U.S.)
  • Blue Pet Products Inc. (The U.S.)
  • Colgate-Palmolive Company (The U.S.)
  • Unicharm Corporation (Japan)
  • Blue Buffalo Pet Products Inc. (the U.K.)
  • Trupanion (The U.S.)
  • Zoetis Inc.(The U.S.)
  • Idexx Laboratories Inc.(The U.S.)

Recent Developments

  • In April 2020, IdexxLaboratories Inc. announced the launch of IDEXX SARS-CoV-2 (COVID-19) that is a Real PCR Test for pets
  • In 2019, Symmetry Surgical expanded its product portfolio for Veterinary electrosurgery procedures by including Olsen

Pet Care Market: Segmentation

By Product

  • Pet Food
    • Nutritional
    • Medicated
  • Pet Care Products
    • Veterinary Care Products
    • OTC Medications
  • Services
    • Pet Grooming
    • Live Animal Purchase

By Animal

  • Dogs
  • Cats
  • Birds
  • Fishes
  • Horses

By Distribution Channel

  • Stores
  • E-commerce

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central and South America and the Caribbean
  • The Middle East and Africa

Frequently Asked Questions (FAQs)

North America is expected to hold the highest market share in Pet Care Market.
The growing rate of pet humanization, the growing number of pet owners, and increasing awareness about good veterinary health are the key factors expected to drive Pet Care Market during the forecast period.
In 2019 Global Pet Care Market was valued at USD 2225 million.
PetSmart Inc, Petco Animal Supplies, Inc., General Mills, Inc., Mars Incorporated, Nestle S.A., Petmate Holdings Co., KONG Company, Champion Petfoods LP, Blue Pet Products Inc are the top players in Pet Care Market.
The pet care market was valued at USD 2225 million in 2019 and is expected to grow with a CAGR of 6.1% during the forecast period.
Pet Food Segment is expected to be the leading segment in Pet Care Market during the forecast period.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Basically, choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.

Petcare products are aimed towards providing better facilities, food and nutrition, care, comfort, and healthcare services for pets or companion animals. The wide range of pet care products includes pet food, cleaning and grooming products, toys, furniture, nutritional supplements, and medical supplements and care products.

The growth of the pet care products market globally is directly influenced by the growing population of pets and other concerned needs in both developed and emerging economies. Further, a number of these factors have bolted the market growth significantly.

The pet care market was valued at USD 2225 million in 2019 and is expected to grow with a CAGR of 6.1% during the forecast period.

Pet-Care-Market

Growing Rate of Pet Humanization to Drive the Market Growth

Pet humanization refers to treating pets as one of the family members. This is showing a positive growth factor on the market with rising consumer interest in providing more humanly and advanced care to the pet. Further, consumers who adopt these companion animals seek advanced care products and healthcare facilities for them. For instance, according to the American Pet Products Association, Americans spent more than the U.S.D 66 billion on pet products and services in 2016, which has pushed continuously the market limits generating growth.

Globally, as pet humanization has become common, there has been an exponential rise in the demands for products and services from the concerned market to provide products that are safer for these animals. In addition, market growth is boosted by the rise in the number of product offerings from key players and various innovations in the distribution channel. The growing number of sickness has compelled the owner to invest in healthcare services. For instance, according to a report published by the North American Pet Health Insurance Association (NAPHIA), more than 2.5 million pets in the U.S. and Canada were under an insurance plan as of 2018.

Pet-Care-Market-Growth

Pet Care Market: Segmentation

Pet Food Segment to Hold the Largest Market Share by Products

The pet food segment holds the largest chunk of the market. The rise in the number of pet adoption worldwide has significantly boosted the segment growth. The rising disposable income, especially in developing countries, has surged the demand for pets and pet food. Moreover, with the boom in e-commerce worldwide, there has been a growing demand for home delivery of food provided by online stores. Additionally, the grooming and boarding segment is expected to grow at a significant rate over the forecast period.

Dogs: Highest Adopted Pet across the Globe

The dog segment leads the market during the forecast period. As per the American Society for the Prevention of Cruelty to Animals, roughly 3.3 million dogs enter animal shelters annually. Further, there are studies proving the positive impact of dogs in improving the physical and mental health of humans that is considered a prime factor that is influencing the market. For instance, dogs help in reducing depression, encourage exercise, and enhance cardiovascular health. The segment, on the other hand, is projected to grow at a significant rate during the forecast period.

Regional Overview

North-America-Lead-Pet-Care-Market

Growing Number of Governmental Animal Health Organizations in North America Drives the Market Growth

The North American pet care market is driven by the growing number of pet owners and increasing awareness about good veterinary health in the region. In addition, a growing number of governmental animal health organizations and surging awareness of veterinary health are rapidly surging manufacturers' investments in the industry. For instance, according to the American Pet Products Association, approximately 44% of U.S. households own dogs, while 37% own cats. This has led to growing investments in the region. There is a growing demand for natural pet food across the U.S., owing to obesity risks in pets. As per the Association for Pet Obesity Prevention, an estimated 55% of dogs and cats in the U.S. are obese, further fueling the demand for remedial services and products.

India to Bolster Asia-Pacific's Market Growth

Asia-Pacific is anticipated to witness steady growth during the forecast period. India is expected to be the fastest-growing country within the APAC region on account of the developing economy and rising standard of living and disposable income in the country. The Indian International Pet Fair survey estimates that the pet population has proliferated. Approximately 6,00,000 pets are adopted every year, which is further driving the demand for food, accessories, and pet healthcare products in the region.

Key Players

  • PetSmart Inc. (The U.S.)
  • Petco Animal Supplies, Inc. (The U.S.)
  • General Mills, Inc. (The U.S.)
  • Mars Incorporated (The U.S.)
  • Nestle S.A.(Switzerland)
  • Petmate Holdings Co. (The U.S.)
  • KONG Company (The U.S.)
  • Champion Petfoods LP (The U.S.)
  • Blue Pet Products Inc. (The U.S.)
  • Colgate-Palmolive Company (The U.S.)
  • Unicharm Corporation (Japan)
  • Blue Buffalo Pet Products Inc. (the U.K.)
  • Trupanion (The U.S.)
  • Zoetis Inc.(The U.S.)
  • Idexx Laboratories Inc.(The U.S.)

Recent Developments

  • In April 2020, IdexxLaboratories Inc. announced the launch of IDEXX SARS-CoV-2 (COVID-19) that is a Real PCR Test for pets
  • In 2019, Symmetry Surgical expanded its product portfolio for Veterinary electrosurgery procedures by including Olsen

Pet Care Market: Segmentation

By Product

  • Pet Food
    • Nutritional
    • Medicated
  • Pet Care Products
    • Veterinary Care Products
    • OTC Medications
  • Services
    • Pet Grooming
    • Live Animal Purchase

By Animal

  • Dogs
  • Cats
  • Birds
  • Fishes
  • Horses

By Distribution Channel

  • Stores
  • E-commerce

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central and South America and the Caribbean
  • The Middle East and Africa

Frequently Asked Questions (FAQs)

North America is expected to hold the highest market share in Pet Care Market.
The growing rate of pet humanization, the growing number of pet owners, and increasing awareness about good veterinary health are the key factors expected to drive Pet Care Market during the forecast period.
In 2019 Global Pet Care Market was valued at USD 2225 million.
PetSmart Inc, Petco Animal Supplies, Inc., General Mills, Inc., Mars Incorporated, Nestle S.A., Petmate Holdings Co., KONG Company, Champion Petfoods LP, Blue Pet Products Inc are the top players in Pet Care Market.
The pet care market was valued at USD 2225 million in 2019 and is expected to grow with a CAGR of 6.1% during the forecast period.
Pet Food Segment is expected to be the leading segment in Pet Care Market during the forecast period.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Basically, choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.
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