DUBLIN, March 29, 2024 (Globe Newswire) — The Global Pet Care Market – Outlook and Forecast 2023-2028 report has been added. ResearchAndMarkets.com Recruitment.
The latest market analysis report on the global pet care industry provides comprehensive insights into current trends, growth drivers, market segmentation, and technological innovations, pet humanization, and chemicals shaping the future of this sector. The focus is on the surge in demand for products that do not contain.
The global pet care market is poised for significant growth, with a projected compound annual growth rate (CAGR) of 5.22% from 2023 to 2028. This growth is attributable to several key trends and drivers that are reshaping the industry landscape and responding to needs. The needs and preferences of pet owners around the world are evolving.
Key industry insights and forecasts
- Technology is increasingly integrated into pet care solutions, such as mobile apps for health monitoring and grooming appointments, to enhance the interaction between owners and pets.
- The trend of pet humanization has increased the demand for high-quality, humanized pet foods and services, reflecting the increased status of pets relative to the family.
- Influenced by pet owners' concern for health, hygiene and environmental sustainability, there is a growing trend towards chemical-free and natural pet grooming products.
Furthermore, end-user analysis highlights the overwhelming position of dogs as the most domesticated pets, with significant contributions from other segments such as cats and birds. The report provides a comprehensive assessment of distribution channels, and while online channels continue to emerge strongly, offline channels maintain their leadership position.
Geographic analysis and competitive environment
From a geographic perspective, North America remains the largest market for pet care, particularly due to strong demand and a strong network of specialty and retail stores in the United States.
The competitive landscape of the global pet care market is highly fragmented, with major players such as Mars Inc., Nestlé Purina, and JM Smucker Company leading the way. A thorough analysis shows that intense competition among brands is driving innovation and product diversification, especially due to growing consumer preference for pet care products that are highly nutritious and contain minimal chemicals. suggests.
This study analyzes the vast growth potential of the industry and provides stakeholders with strategic insights to navigate the market's dynamic trajectory. Asks and answers key questions regarding market size, growth trends, key regions, and key industry players that can influence decisions in the global pet care space.
Segmentation insights
- The dry pet food sector dominates the global pet care market, accounting for over 42% share in 2022. By offering dry pet food, your pet won't make a mess. Therefore, pet owners prefer it.
- The veterinary sector has dominated the global pet care market. Veterinary medicine makes up a large share of the industry, as pet owners need to take their animals in for vaccinations, treatments, and follow-up visits.
- The global pet care market for beauty & cosmetics is segmented into hair & skin, dental care, etc. Hair & Skin segment held the largest segment market share in 2022.
- The global pet care market by pet services is segmented into grooming services and training services. Grooming services account for the largest share by sector and are expected to experience the highest compound annual growth rate in the pet services sector.
- The global end-user pet care market is segmented into dogs, cats, and birds. Dogs are the most domesticated pets around the world. Dogs are known to be friendly and protective.
- Offline distribution channel held the highest share in the pet care market in 2022. Factors such as increased reach in regions with poor connectivity and high consumer trust associated with touching and experiencing the quality of the product are driving the growth of this segment.
Key questions answered:
- How big is the pet care market?
- What is the growth rate of the global pet care market?
- Which region dominates the global pet care market share?
- What are the key trends in the pet care industry?
- Who are the key players in the global pet care market?
Key attributes:
| report attributes | detail |
| number of pages | 298 |
| Forecast period | 2022-2028 |
| Estimated market value in 2022 (USD) | $295 billion |
| Projected market value to 2028 (USD) | $400.4 billion |
| compound annual growth rate | 5.2% |
| Target area | global |
Market overview
- anthropomorphic pet
- Impact of pet humanization on the pet care market
- microchip for pets
- Contributing pet insurance to the pet care market
- Breakthrough innovations shaping the pet care market
Market opportunities and trends
- Accelerating technology integration
- Growing demand for chemical-free and environmentally friendly products
- Increase in mobile pet grooming services and grooming and trade show registrations
- Increase in pet adoption
What makes growth possible
- The rise of pet humanization
- Expanding business opportunities
- Customized superfoods available online
market constraints
- Product Recall Due to Possible Contamination
- Toxic and harmful chemicals in pet products
Main company overview
- nestle purina
- Mars Inc.
- JM Smucker Company
Other notable vendors
- colgate palmolive
- general mills company
- diamond pet foods
- simmons pet food
- Ainsworth Pet Nutrition
- american nutrition
- elmira pet products
- Fromm Family Foods, Inc.
- Hello Purely for pets
- Kreiser's
- camp bow wow
- pet palace
- preppy pooch
- dog studio
- Chama's
- Oscar's Pet Resort
- dog house of style
- The Zuri Pet Spa & Resort
- Fur Frenzy Pet Spa
- Rush Direct Co., Ltd.
- red rover
premium insights
key trends
- Accelerating technology integration
- Increasing humanization of pets
- Growing demand for chemical-free products
Product type
type of food
- veterinary and pharmaceutical
- beauty and cosmetics
- pet grooming service
user
- Distribution channel
- competitive environment
For more information on this report, please visit https://www.researchandmarkets.com/r/xxh0gm.
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