Global Pet Care Market
Global Pet Care Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The pet care market is mostly comprised of pet health care and pet food on a global platform. Pet owners are taking to quality food products and creative grooming commodities to care for their domestic pets. This has significantly raised the spending limit of pet owners in the industry, thereby adding to the growth of global market. As pet owners are accepting their pets as family members because of altering cultural and socioeconomic factors, the market is anticipated to witness a valuable growth. In addition to the above-mentioned drivers, the rising disposable income of pet owners belonging to the middle income group and growing trend of nuclear family are anticipated to lay a robust foundation for the advancement of the market.
The global pet care market could find some obstacles in its growth path caused by strict cultural and government regulations, increasing incidence of allergies from pets, and rising prices of pet care products.
According to pet food segment is estimated to hold major market share during the forecast period followed by pet grooming products. Controlling the bad impact of food in the form of diseases and allergies is necessary for the growth of the pet food industry.
Globally, in Asia-Pacific, strong economic growth and increasing household incomes are projected to increase consumer spending on pet care products in Asia-Pacific. In emerging economies, rising spending capacity along with high internet penetration is changing the way consumers are buying pet care products. Growing government animal healthcare organizations and the increasing awareness for veterinary health are driving the market growth in developed economies. In emerging economies, growth of the market is attributed by rising pet ownership and increase in spending on premium pet care products like accessories and foods. In addition, the consumers in the developed region treat their pets as family members and are willing to spend on them liberally. Factors such as the premiumization of pet care products is projected to drive the growth of the market during the forecast period.
In respect of the numerous microeconomic and macroeconomic aspects making a difference in the international pet care market, the report predicts the growth factors and their impact for the forecast period 2018–2026. Interested parties also have access to the present and future market scenario as the study focuses the prevailing trends and market size until the end of the forecast period. Overall, the report offers comprehensive analysis of the market to help make knowledgeable business decisions and have a preliminary visibility of the future market.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global pet care market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global pet care market.
Scope of Global Pet Care Market
Global Pet Care Market, By Type
• Dog Care
• Cat Care
• Fish Care
• Bird Care
Global Pet Care Market, By Product Category
• Pet Food
• Pet grooming/boarding
Global Pet Care Market, By Distribution Channel
• Offline retail stores
• Online retail stores
Global Pet Care Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global Pet Care Market
• Ancol Pet Products Limited
• Blue Buffalo Pet Products Inc.
• Central Garden & Pet Company
• Champion Pet Foods
• Heristo AG
• Kong Company
• Mars Inc.
• Nestle S.A.
• Petco Animal Supplies Inc.
• Petmate Holdings Co.
• PetSmart Inc.
• The Colgate-Palmolive Company
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