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Redding, California - June 10, 2024

Pet Care Market to be Worth $287.96 Billion by 2031

Pet Care Market Size, Share, Forecast, & Trends Analysis by Offering (Pet Food & Nutrition [Dry Food, Treats, Vitamins, Supplements] Pet Products [Grooming {Shampoo, Conditioner, Brushes}, Oral Care] Pet Services) Sales Channel - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Pet Care Market Size, Share, Forecast, & Trends Analysis by Offering (Pet Food & Nutrition [Dry Food, Treats, Vitamins, Supplements] Pet Products [Grooming {Shampoo, Conditioner, Brushes}, Oral Care] Pet Services) Sales Channel—Global Forecast to 2031.’

According to this latest publication from Meticulous Research^®, the pet care market is projected to reach $287.96 billion by 2031, at a CAGR of 5.9% during the forecast period. Pet care products & services, spanning from pet food, nutrition, and supplements to grooming essentials, along with grooming, veterinary, and walking services, are essential for ensuring the well-being of pets. As people increasingly view these animals as integral family members, they are now spending more on their pets. This shift towards pet humanization has boosted the demand for premium pet products, including food and grooming items. In response, pet care manufacturers are offering premium, high-quality products, including human-grade pet food options, to meet this rising demand.

The growth of this market is driven by rising expenditures on pet health and insurance, a surge in pet adoption rates, and increasing disposable incomes in developing nations. Additionally, the introduction of new pet product categories and a shift towards premium pet products are expected to create market growth opportunities.

Key Players

The key players operating in the pet care market are Mars, Incorporated (U.S.), Hill`s Pet Nutrition, Inc. (U.S.), Blue Buffalo Company, Ltd. (U.S.), Ancol Pet Products Limited (U.K.), Saturn Petcare GmbH (Germany), Nestlé S.A. (Switzerland), Doskocil Manufacturing Company, Inc (U.S.), The Hartz Mountain Corporation (U.S.), Tail Blazers (Canada), J.M. Smucker Company (U.S.), Petco Animal Supplies, Inc. (U.S.), A Place for Rover, Inc. (U.S.), American Pet Resort, LLC (U.S.), Wag Labs, Inc. (U.S.), Pooch Dog SPA (Italy), AirPets International (U.S.), Groomer’s Choice (U.S.), Coastal Pet Products Inc. (U.S.), World 4 Pets Pty Ltd (Australia), SynergyLabs (U.S.), and 4-Legger, LLC (U.S.)

Pet Care Market: Future Outlook

The pet care market is segmented based on Offering (Pet Food [Dog Nutrition & Food {Dry Food, Wet Food, Raw Food, Snacks & Treats}, Dog Vitamins & Supplements {Bone Health, Skin & Coat Health, Gut Health, Gut Health, Other Vitamins & Supplements}, Cat Vitamins & Supplements {Joint Health Supplements, Digestive Health Supplements, Skin and Coat Supplements, Other Supplements}, Fish Food {Flakes and Pellets, Frozen and Live Food, Granules and Tablets}, Bird Food {Seeds, Pellets & Crumbles, Treats & Supplements}, Small Mammals Food & Nutrition, Exotic Pets Food & Supplements], Pet Products [Dog Grooming Products {Shampoos, Conditioners & Creams, Brushes & Combs, Nail Clippers & Trimmers, Other Dog Care Products}, Cat Grooming Products {Shampoos, Conditioners & Creams, Litter & Litter Boxes, Brushes & Combs, Other Cat Care Products}, Dog Oral Care Products {Tooth Paste, Tooth Brush, Dental Chews, Other Dog Oral Care Products}, Cat Oral Care Products {Toothbrush, Toothpaste, Other Cat Oral Care Products}, Fish Aquarium Equipment & Water Treatment Care Products {Tanks & Aquariums, Filters & Pumps, Lighting Systems, Water Conditioners, pH Adjusters, Algae Control Products}, Other Pet Products], Pet Services {Pet Grooming Services, Pet Sitting & Walking Services, Veterinary Care Services}), Animal Type (Dogs, Cats, Fish, Birds, Other Animals), Sales Channel (Offline {Super Markets, Pet Stores, Pharmacies}, Online {Company Websites, E-commerce/Third Party Platforms}, End User (Pet Owners, Pet Breeders & Groomers, Veterinary Professionals), and Geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.

Based on offering, the pet care market is segmented into pet food, pet products, and pet services. In 2024, the pet food segment is expected to account for the largest share of 62.3% of the pet care market. This segment’s large market share can be attributed to the large pet population, rising awareness regarding the importance of nutrition and supplements for pet health, and the wide availability of various types of pet food tailored to meet various dietary needs.

Based on animal type, the pet care market is segmented into dogs, cats, fish, birds, and other animals. In 2024, the dogs segment is expected to account for the largest share of the pet care market. This segment’s large market share can be attributed to the higher preference for dogs as pets compared to other animals.

Based on sales channel, the pet care market is segmented into offline and online. The online segment is projected to register a higher CAGR during the forecast period 2024-2031. This segment’s growth is driven by factors such as the increasing number of smartphone users, initiatives by companies to establish their own e-commerce platforms for pet products, attractive discounts and offers provided by online stores, and the availability of subscription models for pet foods and other recurring pet care products. Furthermore, the launch of new online shopping websites dedicated to pet products also contributes to the segment's growth. For instance, in July 2022, Pet Point (India) launched one of the largest online pet stores, offering customers the convenience of shopping for pet foods and other pet care products online.

Based on end user, the pet care market is segmented into pet owners, pet breeders & groomers, and veterinary professionals. The pet owners segment is projected to witness the highest growth rate during the forecast period of 2022–2031. This segment’s growth is driven by the rising expenditures on pet health, a growing inclination of pet owners towards premium pet products, and the rising costs of pet care products.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of the market in North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Ireland, Switzerland, Netherlands, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the pet care market. However, the market in Asia-Pacific is projected to register the highest CAGR during the forecast period. The growth of this market, particularly in countries such as China and India, is driven by rising pet adoption rates, increasing demand for pet care products fueled by growing disposable incomes, growing awareness regarding companion animal health and well-being, and the increasing availability of pet care products from international brands within the region.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5907

Key questions answered in the report:

Which are the high-growth market segments in terms of offering, animal type, sales channels, end user, and region/country?
What was the historical market size for pet care products & services across the globe?
What are the market forecasts and estimates for 2024–2031?
What are the major drivers, restraints, opportunities, and challenges in the pet care market?
Who are the major players in the pet care market?
What is the competitive landscape like?
What are the recent developments in the pet care market?
What are the strategies adopted by major players in the pet care market?
What are the geographical trends and high-growth regions/countries?

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Redding, California - June 10, 2024

Pet Care Market to be Worth $287.96 Billion by 2031

Pet Care Market Size, Share, Forecast, & Trends Analysis by Offering (Pet Food & Nutrition [Dry Food, Treats, Vitamins, Supplements] Pet Products [Grooming {Shampoo, Conditioner, Brushes}, Oral Care] Pet Services) Sales Channel - Global Forecast to 2031

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