Pet Care Market
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Pet Care Market Size, Share & Analysis By Type (Pet Food, Pet Care Products, Services), By Pet Type (Dogs, Cats, Birds, Fish, Horses, Others), By Distribution Channel (Offline Stores, E-commerce, Others), By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa), and Growth Forecast To 2032
Report ID: RV94470 | Published: Jan 2024 | Historical Period: 2018-2022 | Pages: 190 | Price: $3260| Industry: Service and Software
Pet Care Market Overview 2024:
The pet care market size was USD 267 billion in 2023 and is expected to register a rapid revenue CAGR of 7% during the forecast period. Key factors such as increasing pet ownership in many parts of the globe, growing humanization of pets, and rising availability of various types of pet care products in online and offline stores are expected to drive global market growth during the forecast period.
Over the years, there has been a significant increase in pet ownership globally and pets have become an integral part of man’s life. According to reports, on average one-third of the houses globally have some kind of pet. Dogs, cats, fish, birds, reptiles and horses are popular pets in many households. These pets are vulnerable to diseases and require proper care and nourishment.
Every pet has specific needs based on its species, age, and breed. Pet care refers to the practices and routines involved in maintaining health, well-being, and overall quality of life and meeting the physical, emotional, and social needs of the animal. It typically involves providing an appropriate and balanced diet, regular grooming activities, veterinary visits, training, and spending quality time with them.
However, the costs associated with premium quality food, veterinary care, and other pet care services can be high which can limit its adoption, especially in lower-income homes. Moreover, many people are still unaware of the importance of pet care and pet health.
Graphical Overview:
Key Takeaways:
Rising Awareness about Pet Health and Innovative Product Offerings:
Pet owners are steadily becoming aware of the importance of pet health and are investing in high-quality nutritious pet food, supplements, and veterinary services. This is a key factor expected to drive sales of pet care products and services. In addition, many companies in the pet care industry are focused on introducing innovative products and services such as smart pet gadgets, natural pet food, and personalized pet care solutions.
Other factors such as increasing prevalence of food-borne and zoonotic diseases, growing demand for pet insurance, and rising emergence of mobile pet grooming are expected to boost global market growth going ahead.
Regulatory Restrictions and Supply Chain Disruptions:
Though the pet care market is rapidly expanding, it often faces challenges such as stringent regulations affecting the development and production of new products, economic downturns, and supply chain disruptions.
Market Opportunities:
Growing interest in pet health and the rapid expansion of online shopping has opened new avenues for top players operating in the global pet care market. These key players can focus on including natural and organic ingredients in their products and use different e-commerce platforms to reach a wider audience and improve consumer convenience. In addition, they can provide subscription box services for pet owners with curated treats, toys, and accessories.
Pet Type Outlook:
Based on pets, the global market is segmented into dogs, cats, birds, fish, horses, and others. Among these, the dogs and cats segments are expected to account for a significantly higher revenue share between 2024 and 2032. This growth can be driven by factors such as higher ownership of cats and dogs as compared to other pets, availability of various types of services and products such as food, grooming training, specialized toys and clothes, rising disposable income globally, and increasing investments in R&D activities.
Distribution Channel Outlook:
The global market is segmented into offline stores, e-commerce, and others. The e-commerce segment is expected to register robust revenue CAGR over the forecast period owing to growing popularity of online shopping, rising preference for online shopping due to convenience of shopping from home, wider product selection, competitive pricing, and quick delivery options, and availability of various affordable subscription services.
Regional Outlook:
North America is expected to account for the largest revenue share in the global market during the forecast period. This growth can be significantly driven by factors such as rising pet ownership across the region, growing awareness about the importance of pet health, and rising availability of various types of pet care products and services. Moreover, presence of leading companies, high disposable incomes, and rising investments in developing innovative and efficient pet care services and solutions are expected to boost market revenue growth in North America.
Report Coverage:
| Report Details | Outcome |
| Base Year for Estimation | 2023 |
| Historical Data | 2018-2022 |
| Forecast Period | 2024-2032 |
| Segments Covered | Type, Pet Type, Distribution Channel and Region |
| By Type | Pet Food, Pet Care Products, Services |
| By Pet Type | Dogs, Cats, Birds, Fish, Horses, Others |
| By Distribution Channel | Offline Stores, E-commerce, Others |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Country Scope | United States, Canada, Germany, France, UK, Italy, Russia, China, Japan, South Korea, Southeast Asia, India, Mexico, Brazil, Saudi Arabia, UAE, Turkey |
| Qualitative Info | •Value Chain Analysis •Pricing Analysis •Regional Outlook •Market Trends •Market Share Analysis •Competition Analysis •Technological Advancements |
| Key Players | Procter & Gamble Co., JM Smucker Co., Nestlé Purina Pet Care Co., Monge & C. S.p.a, Hill’s Pet Nutrition SNC, Royal Canin SAS, Affinity Petcare France SA, Champion Pet Foods LP, Cargill, C & D Foods, Aller Petfood, Bob Martin, Blue Buffalo Co. Ltd., Cambrian Pet Foods Ltd., Crosswind Industries Inc., Crown Pet Foods Ltd. |
| Customization Scope | 10 Hours of Free Customization and Expert Consultation |
Competitive Landscape:
The global Pet Care market is extremely competitive, comprising several regional and global level key players. Leading key players are focused on adopting various strategic alliances like mergers and acquisitions, partnerships, joint ventures, collaborations, and product launches to maintain their global position and enhance their product offerings. They are also focused on innovation, and scalability, and are adapting to evolving technology trends and consumer needs.
Some Leading Market Companies Listed in the Report:
- Procter & Gamble Co.
- JM Smucker Co.
- Nestlé Purina Pet Care Co.
- Monge & C. S.p.a
- Hill’s Pet Nutrition SNC
- Royal Canin SAS
- Affinity Petcare France SA
- Champion Pet Foods LP
- Cargill
- C & D Foods
- Aller Petfood
- Bob Martin
- Blue Buffalo Co. Ltd.
- Cambrian Pet Foods Ltd.
- Crosswind Industries Inc.
- Crown Pet Foods Ltd.
Pet Care Industry Recent Developments:
- In April 2023, Heads Up for Tail announced the launch of Dash Fos, an advanced line of pet care products designed to aid pets and pet parents in living active lives.
- In December 2022, Mankind Pharma entered the pet care segment with the launch of PetStar Dog Food.
- In January 2021, Unilever launched its first-ever pet care brand, Cafuné in Brazil.
The global pet care market has been segmented based on type, pet type, distribution channel, and region:
By Type:
- Pet Food
- Nutritional
- Medicated
- Pet Care Products
- Veterinary Care Products
- Supplies/OTC Medications
- Services
- Pet Grooming/Boarding
- Live Animal Purchase
By Pet Type:
- Dogs
- Cats
- Birds
- Fish
- Horses
- Others
By Distribution Channel:
- Offline Stores
- E-commerce
- Others
By Region:
- North America
- United States
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Nordic Countries
- Asia Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Frequently Asked Questions!
- Procter & Gamble Co.
- JM Smucker Co.
- Nestlé Purina Pet Care Co.
- Monge & C. S.p.a
- Hill’s Pet Nutrition SNC
- Royal Canin SAS
- Affinity Petcare France SA
- Champion Pet Foods LP
- Cargill
- C & D Foods
- Aller Petfood
- Bob Martin
- Blue Buffalo Co. Ltd.
- Cambrian Pet Foods Ltd.
- Crosswind Industries Inc.
- Crown Pet Foods Ltd.
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