Rise in Preference for Raw Pet Foods and Animal Protein Drives Growth

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

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)

Story continues

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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