The pet care market is valued at USD 223.5 billion in 2021 and is expected to reach USD 345.61 billion by 2029, exhibiting a CAGR of 5.6% over the forecast period (2022-2029).
Pune, 25th November 2022: The market is expected to grow from USD 223.5 billion in 2021 to USD 345.61 billion in 2029, at a CAGR of 5.61% over the forecast period 2022-2029.pet care marketResearch published by Maximize Market Research. One of the major factors driving the welded pet care market is the rising rate of growth of the industry in the developing countries of APAC.
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Pet Care Market Scope and Research Methodology
Both primary and secondary data sources play an important role in research reporting. During the research process, various factors affecting the industry, such as government regulations, market environment, competitive situation, historical data, current market trends, technological innovations, upcoming technologies, technological advances in related industries, market risks, etc. be investigated. Opportunities, barriers, challenges. All factors that may affect the market covered in this research study have been considered, thoroughly researched and validated through primary research, in order to provide final quantitative and qualitative data. It’s been reviewed. In addition to normalizing market size for top-level markets and sub-segments, market forecasts take into account the impact of variables such as inflation, economic recessions, regulatory and policy changes, and other factors.
This data is added together with detailed input and analysis and presented in reports. Extensive primary research has been conducted to obtain information and validate and confirm the key figures reached after comprehensive market engineering and market statistical calculations. market size estimation; market forecast; market breakdown; data triangulation. Bottom-up methodologies, along with multiple data triangulation techniques, are widely employed throughout the market engineering process to perform market estimations and forecasts for the overall market segments and sub-segments covered in this study.
Pet Care Market Overview
Pet food and pet healthcare are two industries that dominate the global pet care market. Pet owners buy premium foods and cutting-edge grooming supplies to care for their livestock. This has greatly expanded the consumption capacity of pet owners in the industry, spurring the development of the global market. Dog owners are increasingly viewing dogs as part of the family due to changing socioeconomic and cultural factors, and the industry is expected to grow dramatically. Increasing disposable income and trend towards nuclear families among income class pet owners is expected to create a strong base for market growth. With stringent cultural and legal restrictions, rising pet allergies, and rising prices for pet care products, the pet care sector can face several challenges as it grows.
Pet Care Market Dynamics
Obesity is becoming more common among pet dogs around the world. A recent study found that poor eating habits in dogs are responsible for their weight gain. Demand for vegan animal food is also expected to grow as pet owners start wanting to provide their animals with healthy, plant-based diets. In addition, it is expected that demand for pet dog and cat toys will increase as owners love premium toys for service dogs and cats. Over the next few years, the demand for quality animal health products will increase, driving new markets.
Regional Insights on Pet Care Market
North America held the largest market share of 45% in 2021. The North America region’s largest share is related to the large amount of money Canadian and US populations spend on pet care goods and services. Revenue from such products from the North American region. According to statistics from the Canadian government’s Bureau of Statistics, Canadian household spending on pet insurance, veterinary visits, and other related services rose from US$2.55 billion in 2018 to US$2.7 billion in 2019. increased to US$20 million. The price of something like that because you want a quality item for your dog.
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Pet Care Market Segmentation
By distribution channel:
- offline retail store
- online retail store
- dog care
- cat care
- fish care
- bird care
By product category:
- pet food
- Pet grooming/boarding
Major Competitors in Pet Care Market:
- Encore Pet Products Limited
- Blue Buffalo Pet Products Co., Ltd.
- Central Garden & Pet Company
- champion pet foods
- Helist AG
- Kong Company
- Mars Co., Ltd.
- Nestlé SA
- Petco Animal Surprise Co., Ltd.
- Petmate Holdings Co., Ltd.
- Pet Smart Co., Ltd.
- Colgate-Palmolive Company
- Pet Smart Co., Ltd.
- fresh pet
- Zoetis K.K.
- Mars Co., Ltd.
- Hills Pet Nutrition, Inc.
- JM Smucker Company
- Diana group.
The key questions answered in the pet care market are:
- What is pet care?
- What is the growth rate of the pet care market during the forecast period?
- What is the nature of competition in the pet care industry in developed and developing countries?
- Who Are the Key Players in This Pet Care Market?
- Who are the European pet care market leaders?
- Who Are the Market Leaders in Pet Care in the United States and Canada?
- Who are the market leaders in pet care in India, China, Japan and South Korea?
- What are the factors influencing the growth of the pet care market?
- Who Holds the Largest Market Share in the Pet Care Market?
- What are the factors driving Asia-Pacific growth in the pet care market?
- Market Share, Size and Forecast by Revenue | 2022-2029
- Market Dynamics – Growth Drivers, Constraints, Opportunities, Key Trends
- Market segmentation – in-depth analysis by distribution channel, type, product category and region
- Competitive Landscape – Top Major Vendors and Other Prominent Vendors
Maximize Market Research is a leading research firm and also publishes the following reports:
Low pet food market – The raw pet food market will account for USD 130.55 billion in 2021 and is expected to reach USD 195.84 billion by 2029, at a CAGR of 5.2% during the forecast period.The raw pet food market is expected to be driven by veganism, driving people toward meat alternatives and plant-based foods.
Pet Insurance Market –The pet insurance market size was valued at US$5.26 billion. In 2021, total revenue is expected to reach nearly $17.86 billion, an increase of 16.5% from 2022 to 2029. The automotive heat exchanger market is expected to be driven by a large number of companion animals, boosting the demand for veterinary care facilities. Veterinary services are expensive because they require hiring a veterinarian, a qualified technician, and specially developed diagnostic equipment.
Pet Furniture Market – The pet furniture market was valued at US$5.2 billion. In 2021, total revenue is expected to reach nearly US$8.35 billion, an increase of 6.1% from 2022 to 2029. Pet furniture will power a major transformation in the furniture and upholstery industry.The pet furniture market is expected to be driven by the recent trend of introducing and keeping dogs in offices.
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