Latest News- Pet Care Market: Dogs is expected to lead the Application segment during 2025-2029

The Pet Care Market is being driven by Increasing pet ownership

The Pet Care Market is expected to grow at a CAGR of 7.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 101.2 billion. In the dynamic pet care market, affluent pet owners demonstrate a significant spending trend on luxurious and fashionable products for their pets, reflecting their lifestyles. To cater to this growing demand, market competitors are introducing an extensive range of fashionable grooming and accessory offerings. These products, available in various sizes, colors, raw materials, and designs, include rhinestone and solitaire encrusted collars for cats and dogs, bow tie dog collars, studded fox leather leashes, and funky apparel such as raincoats, winter coats, and scarfs. The increasing popularity of these items is expected to boost sales growth within the global pet care market during the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

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According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing pet ownership
• Shifting preference toward natural and organic pet care products
• Humanization of pets

However, the market also witnesses some limitations, which are as follows:

• Increasing competition for pet care products globally
• Regulatory hurdles for companies in market
• Cost pressures on pet owners

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Market Scope in Pet Care Market Research Report

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Research Analysis Overview

The pet care market encompasses a wide range of products for various little pets, including cats and dogs. These offerings span from essentials like feeders, bowls, and waterers, to pet sector advancements such as pet shelters, adoptions, and fostering. Pet health issues, anxiety, stress, depression, and loneliness are addressed through innovative products like Neo Bites. Lifestyle upgrades include eco-friendly pet accessories made from sustainable and recyclable materials, while pet furniture caters to their exercise needs.

Market Research Overview

The pet care market encompasses the revenue generated by providers of services and products for little pets, specifically cats and dogs. This sector includes sales of pet feeders, bowls, waterers, and various other pet care product offerings. According to Technavio's market research, the global pet care market size is calculated based on the income generated by specialized service providers, such as pet grooming, training, and veterinary services. The report excludes revenue from industries like casino and gaming, education, hotel and resort, leisure facilities, restaurant, and funeral services.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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