February 21, 2024

DUBLIN, June 30, 2023 /PRNewswire/ — The “Pet Care: Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

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The global market for Pet Care estimated at US$193.6 Billion in the year 2022, is projected to reach a revised size of US$305.1 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2022-2030.

Pet Food, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$134.7 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Veterinary Care segment is readjusted to a revised 5.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $82.9 Billion, While China is Forecast to Grow at 7.6% CAGR

The Pet Care market in the U.S. is estimated at US$82.9 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$10.6 Billion by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 6.2% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 4.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$28.7 Billion by the year 2030.

Select Competitors (Total 197 Featured) –

  • Ancol Pet Products Limited

  • Blue Buffalo Co., Ltd.

  • Champion Petfoods LP

  • Hill`s Pet Nutrition, Inc.

  • Mars Incorporated

  • Nestle Purina PetCare

  • Petmate

  • Saturn Petcare GmbH

  • Tail Blazers

  • The Hartz Mountain Corporation

  • The J.M. Smucker Company

  • Unicharm Corporation

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights

  • World Market Trajectories

  • Impact of COVID-19 Pandemic on Pet Industry

  • Disruptions in Meat and Poultry Supply Chain Affecting Pet Food Market

  • Online Channels Emerge as Bright Spot

  • An Introduction to Pet Care

  • Global Pet Care Market: Prospects & Outlook

  • Dogs & Cats: Major Categories of Pet Care Market

  • Pet Food Leads the Global Pet Care Market

  • Developed Regions Lead, Developing Economies to Spearhead Future Growth

  • Rise in Pet Ownership Spurs Demand for Pet Care Products

  • Pet Facts Around the World: Snapshot

  • Global Pet Dog Population: Top Countries Ranked by Number of Pet Dogs (in Million)

  • Global Pet Cat Population: Top Countries Ranked by Number of Pet Cats (in Million)

  • Global Pet Birds Population: Top Countries Ranked by Number of Pet Birds (in Million)

  • Millennial Generation Leads Ownership of Pets

  • Global Millennial Population by Select Country in Million: 2019

  • Competition

  • Market Share of Leading Players in Global Pet Food Market: 2019

  • Players Eye Acquisitions to Strengthen Portfolio

  • Recent M&A Activities in the Global Pet Food Market

  • World Brands

  • Recent Market Activity

  • Pet Care – Global Key Competitors Percentage Market Share in 2022 (E)

  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Notable Trends with Major Significance for Global Pet Care Market

  • Shift towards Sustainable Products

  • Custom-made Foods & Products with Healthy Ingredients

  • Telemedicine Gaining Prominence

  • Advanced Wearable Collars

  • Gains for Private Brands

  • Online Ordering & Social Media

  • Pet Humanization Trends Drives Pet Owners in Increase Spending on Pet Care Products

  • Pet Humanization Paves Way for Premiumization

  • Pet Dogs Used as Stress Buster in Organizations

  • Pet Health & Wellness: An Overriding Theme in the Pet Care Market

  • Functional Pet Treats Grow in Importance

  • Pet Foods Segment: Driven by Passion for Pets

  • Premiumization Trends Find Favors Intensifies in Pet Foods

  • Dry Food Preferred Over Wet Foods

  • Rise in Preference for Raw Pet Foods and Animal Protein

  • Rising Demand for Pet Nutraceuticals Adds New Growth Opportunities

  • Driven by Rising Prevalence of Zoonotic and Foodborne Diseases, Spending on Pet Care Rises

  • OTC Pet Medications: Growing Awareness about Pet Health Supports Demand

  • North America OTC Pet Medication Market by Application (in %): 2020E

  • Pet Grooming Services: Focus on Appearance and Hygiene Drives Growth

  • US Pet Grooming Services Market by Service Type (in %): 2020E

  • Pet Grooming Products Gain Popularity

  • Pet Insurance Finds Acceptances among Pet Owners

  • Global Pet Insurance Market by Sales Channels, 2020E

  • Direct-to-Consumer Business Model Supports Personalization in Pet Care Market

  • Emerging Trends in the Pet Technology to Transform Pet Care Market

  • Advent of Innovative Technologies Improves Veterinary Treatment Services

  • Select Innovations in Pet Care Industry

  • Telemedicine Set to Bring About Significant Changes to Veterinary Care

  • Digital Revolution Transforms Pet Care Distribution Landscape

  • Major Retail Channels in the Pet Food Industry

  • E-Commerce Platforms Register Dramatic Growth

  • Global Pet Care E-Commerce Market by Product Type (in %): 2020E

  • Global Wet Pet food Market by Distribution Channel (in %) for 2020E

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/4p0ond

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