Pet Care Market Size to grow by USD 98.4 billion between 2024-2028
According to a research report “ Pet Care Market” by Application (Dogs, Cats, Others) Product (Food, Accessories, Grooming) Geography (North America, Europe, APAC, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 98.4 billion, at a CAGR of 7.44% during the forecast period. The pet care market is experiencing significant growth due to the increasing trend of pet ownership. With pets being considered as valued family members, the demand for associated products and services has surged. This market expansion is driven by the rising number of individuals opting to keep pets, which has been a notable trend in recent years. As a result, the global pet care industry continues to thrive, providing a wide range of offerings to cater to the growing needs of pet owners.
Browse market data tables, figures, and in-depth TOC on “Pet Care Market” by Application (Dogs, Cats, Others) Product (Food, Accessories, Grooming) Geography (North America, Europe, APAC, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample
By Application, the Dogs segment is projected to dominate the market size in 2024
In the pet care market, various categories of pet food exist, including dry foods, nibbles and treats, wet and canned food, and nutritious options. Dry food, known for its affordability and ease of storage, dominates the market share. The growing trend among pet owners to feed their animals smaller portions more frequently has fueled the demand for snacks and treats. Major vendors are innovating with new product lines, such as fresh, frozen, raw, and freeze-dried options. Furthermore, the increasing focus on pets' health and wellbeing by health-conscious consumers has led to an influx of natural food products containing ingredients like sweet potato, kale, pomegranate, blueberries, and pumpkin.
By Product, Food segment is expected to hold the largest market size for the year 2024
The global pet care market experiences robust growth, with dogs being a substantial segment. This segment encompasses various categories, including food, grooming, healthcare, and accessories. Dogs, as the most popular pets, offer numerous benefits, such as alleviating loneliness, reducing anxiety, stress, and depression, promoting physical activity, and enhancing cardiovascular health. Parents often keep dogs to instill responsibility, kindness, and sharing values in their children. Elderly individuals find companionship in dogs when their families reside elsewhere. Working couples maintain their pets' health with dog-care supplies, ensuring their well-being despite busy schedules.
North America is forecasted to hold the largest market size by region in 2024
The pet care market represents a significant business opportunity, with increasing pet ownership and a growing awareness of the importance of proper pet care. This sector encompasses various services and products, including veterinary care, pet food, pet supplies, and pet services such as grooming and training. Market growth is driven by factors like urbanization, changing demographics, and rising disposable income, making it an attractive investment for businesses.
The Pet Care Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The pet care market has seen significant growth in recent years, driven by the increasing recognition of the role pets play in promoting mental and physical well-being for their owners. Pet furniture, such as beds and toys made from sustainable materials like recycled plastic or eco-friendly fabrics, have become popular lifestyle upgrades for pet owners looking to provide their pets with comfortable and stylish living spaces. As pets become valued members of the family, there is a growing focus on addressing their exercise, mental stimulation, and health needs. Neo Bites, for instance, offers a range of pet care products designed to help combat loneliness, depression, stress, anxiety, and other pet health issues. These include interactive toys, automatic feeders, and waterers made from sustainable materials. Fostering, adoptions, and supporting pet shelters are also key areas of growth in the pet sector. Pet ownership is no longer just about providing for basic needs like food and shelter, but also about fostering a strong bond between pets and their owners. Pet accessories, such as collars, leashes, and harnesses, are also becoming more fashionable and functional, with a focus on reducing their ecological footprint. Overall, the pet care market is a thriving industry that prioritizes pet health, happiness, and sustainability.
Market Research Overview
The pet care market is a thriving industry that caters to the needs of companion animals, including small animals like rabbits and guinea pigs, horses, birds, freshwater and saltwater fishes, turtles, and reptiles. Pet owners can find essential supplies at supermarkets and pet stores, offering a wide range of pet grooming & hygiene products, diarrhea and abdominal pain remedies, and animal-borne disease preventatives. Pet owners of small animals, birds, and reptiles often shop at specialized stores for their unique needs. However, larger animals like horses may require more extensive care, including location tracker devices for safety and veterinary care. Quality pet food, made with clean labeling and sustainable materials like recyclable and eco-friendly packaging, is increasingly popular among pet owners. Online stores and home delivery services offer convenience for busy pet owners, while pet furniture, exercise equipment, and lifestyle upgrades cater to pets' needs and their owners' preferences. Pet health issues, such as diarrhea and stress-related conditions like anxiety and depression, are addressed through various pet care products, including minerals, vitamins, cereals, grains, and meat-based diets for cats and dogs. Pet advocacy networks, fostering, adoptions, and pet shelters also play crucial roles in the pet sector. Neo Bites, a leading pet care brand, offers a range of eco-friendly and sustainable pet accessories, ensuring a reduced ecological footprint for pet owners. Overall, the pet care industry continues to evolve, prioritizing pet health, welfare, and the needs of pet owners.
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