[187 Pages Report] The Pet Care Market size was estimated at USD 125.97 billion in 2023 and expected to reach USD 134.20 billion in 2024, at a CAGR 6.72% to reach USD 198.67 billion by 2030.
Cats and dogs ownership has been steadily increasing globally, including in emerging economies, expanding the need for advanced pet care products. Healthy food and grooming tools are necessary to improve the fitness and wellness of pets. Increasing awareness about the significance of the health and well-being of pets through government and veterinary clinics and elevating the adoption of different companion animals across the globe is expanding the utilization of pet care services. The prevalence of chronic disease and accidental injuries in pets has improved the need for pet care. However, the high cost of premium pet care services & products and issues associated with inaccurate labeling of information is impeding product penetration. Pet insurance packages are rising across developed and developing regions to assist in reducing the cost burden of pet care. The emergence of sustainable and eco-friendly pet care products, expanding distribution channels, and surging availability of products on online platforms are creating opportunities for the growth of the pet care market.
Regional Insights
The Americas region observes huge pet care spending, driven by the high number of pet owners and the emergence of creative and innovative products by pet care startups. The U.S., Canada, and Mexico are home to some of the emerging pet grooming and training centers that require advanced tools and training equipment to elevate the pet entertainment experience. Majorly China, Japan, Indonesia, South Korea, and Thailand are spending more on healthy pet food products, which are tested and approved by pet authorities in the APAC region. With improved nutrition and care, dogs live 50% longer today in Japan than in the 1980s. The EMEA region has initiated many programs focusing on pet health and wellness needs across the region. Germany, Italy, France, and the UK have invested in startups that develop advanced pet care products, particularly in the food category. Moreover, the improved online availability of products in Europe has elevated the provision of U.S. and Asian products in the region.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Pet Care Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Pet Care Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Pet Care Market, highlighting leading vendors and their innovative profiles. These include ABP Food Group, Affinity Petcare S.A, Aller Petfood Group, Alphia, Inc., Ancol Pet Products Limited, Blue Buffalo Company, Ltd. by General Mills Inc., Cargill, Incorporated., Carhartt, Inc., Central Garden & Pet Company, Colgate-Palmolive Company, Fabri-Tech, Freshpet, Inc., Heristo AG, Majestic Pet Products Inc, Mammoth Pet Products, Mars, Incorporated, Monge & C. S.p.a., Nestl? S.A., Petco Animal Supplies Stores, Inc., Petmate by Doskocil Manufacturing Company, Inc., Rosewood Pet Products Ltd., Sam Yu AquaPets CO.,LTD., Schell & Kampeter, Inc, Simmons Foods, Inc, Spectrum Brands Holdings, Inc., Taiwan Pet Comb Enterprises Co., Ltd, The KONG Company, LLC, Unicharm Corporation, Wellness Pet Company, Inc., and West Paw Inc..
Market Segmentation & Coverage
This research report categorizes the Pet Care Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Type
- Pet Food
- Pet Grooming
- Clippers & Scissors
- Combs & Brushes
- Shampoos & Conditioners
- Animal
- Bird
- Cat
- Dog
- Fish
- Distribution Channel
- Offline
- Hypermarkets/Supermarket
- Specialized Pet Store
- Online
- Offline
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Pet Care Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Pet Care Market?
- What are the technology trends and regulatory frameworks in the Pet Care Market?
- What is the market share of the leading vendors in the Pet Care Market?
- Which modes and strategic moves are suitable for entering the Pet Care Market?
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