Pet Care Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
The soaring cost of veterinary care has increased the demand for pet insurance. The preference of pet owners towards pet life insurance in most of the developed countries is likely to drive the pet care market. A range of distinct pet insurance policies renders diverse coverage concerning the pet animals, as they can cover many expenses. The life span of pets has considerably increased due to recent developments in animal care.
Request for a sample copy of this report @ https://www.decresearch.com/request-sample/detail/3387
Amazon shoppers are also making more purchases for their homes, reflecting pet owner’s preference towards online shopping for their pets. With the presence of advanced medical diagnoses and techniques such as CT scans, magnetic resonance imaging (MRI), and blood transfusions for treating medical conditions of pets will certainly increase pet expenses. Reportedly, global pet care market size is projected to surpass US$327.7 billion by 2026.
The pet care market is classified into pet food, animal care, and services. The pet care product segment registered nearly US$69.6 billion in revenues during 2019 and is forecasted to rise at 3.6% CAGR in the coming years. On account of increasing per capita income and changing lifestyle habits, the pet owners are ready to invest in these expensive animal care products.
Additionally, the prevalence of e-commerce is playing a vital role in propelling the pet care products market due to the rising number of online marketplaces selling these products. For example, e-commerce giants such as Amazon and Walmart are prominent online suppliers of pet products and are highly recognized by animal owners. Pet food brands Blue Buffalo, Purina and Nestlé owned 70% of category pageviews on Amazon in the January to April 2020 period.
The distribution of pet care products is classified into e-commerce, stores, and others. The trend of purchasing pet food and pet care products through online platforms is growing among animal owners on account of convenient services such as discounts, subscriptions, and the availability of multiple-choice products.
Additionally, various pet care companies are emphasizing on selling their products and services via online channels with a vision to attract a large number of customers online and increase their market share. The sale of pet care supplies and food through e-commerce portals is projected to experience considerable growth exceeding 10% CAGR over the next few years. Notable companies of the global pet care market include Petco Animal Supplies, Colgate-Palmolive Company, PetSmart Inc., Nestle S.A., and Mars
The pet care market share is categorized into birds, fishers, dogs, horses, cats, and others. Birds are highly favoured as companion pets or animals on account of their inherent features such as graceful aerial skills, ability to communicate, intelligence, radiant and brilliant colours. Also, bird owners are emphasizing on rendering a balanced and high-quality diet and grooming to maintain the good health of their pets.
The escalating preference for birds as companion animals will positively influence demand for specific categories of animal care products in the coming future. Revenues for pet care industry from bird segment is estimated to observe a steady growth of 7% up to 2026.
Australia’s pet care market surpassed US$12.8 billion in 2018 and is estimated to grow at over 4% CAGR through 2026. The regional market growth will be driven by the accelerating rate of pet adoption across the country. According to a recent survey, 63% of the total households, amounting to 5 million homes in the country, are having more than 25 million pets.
With the rising number of pets, the demand for various services such as custom bedding, grooming treatment, pet toys, pet spa, and others will certainly increase in the region. Leading companies are strategizing with partnerships, collaborations, acquisitions, mergers, and new product development to consolidate their position in the market.
Browse full table of contents (TOC) of this report @ https://www.decresearch.com/toc/detail/pet-care-market
Partial Chapter of the Table of Content
Chapter 4. Pet Care Market, By Type
4.1. Key segment trends
4.2. Pet Food
4.2.1. Market size, by region, 2015 - 2026 (USD Million)
126.96.36.199. Market size, by region, 2015 - 2026 (USD Million)
188.8.131.52. Market size, by region, 2015 - 2026 (USD Million)
4.3. Pet Care Products
4.3.1. Market size, by region, 2015 - 2026 (USD Million)
4.3.2. Veterinary Care Products
184.108.40.206. Market size, by region, 2015 - 2026 (USD Million)
4.3.3. Supplies/OTC Medications
220.127.116.11. Market size, by region, 2015 - 2026 (USD Million)
4.4.1. Market size, by region, 2015 - 2026 (USD Million)
4.4.2. Pet Grooming/Boarding
18.104.22.168. Market size, by region, 2015 - 2026 (USD Million)
4.4.3. Live Animal Purchase
22.214.171.124. Market size, by region, 2015 - 2026 (USD Million)
Chapter 5. Pet Care Market, By Animal
5.1. Key segment trends
5.2.1. Market size, by region, 2015 - 2026 (USD Million)
5.3.1. Market size, by region, 2015 - 2026 (USD Million)
5.4.1. Market size, by region, 2015 - 2026 (USD Million)
5.5.1. Market size, by region, 2015 - 2026 (USD Million)
5.6.1. Market size, by region, 2015 - 2026 (USD Million)
5.7.1. Market size, by region, 2015 - 2026 (USD Million)