According to Arizton’s latest research report, the global pet care market is growing at a CAGR of 7.01% during 2023-2029.
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Report Scope
Market Size (2029): $340.71 Billion
Market Size (2023): $226.92 Billion
CAGR (2023-2029): 7.01%
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
Market Segmentation: Product, Food Type, Pet Services, Grooming Services, Boarding Services, Pet, Distribution Channel, and Geography
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The global pet care market is experiencing robust growth, driven by increasing pet ownership, higher disposable incomes, and a growing focus on pet health and wellness. This expansion is especially prominent in emerging markets in Asia and Latin America. Major global players such as Mars Petcare, Nestlé Purina, Hill’s Pet Nutrition, and Royal Canin lead the market, benefiting from extensive product ranges and strong brand recognition that help them maintain substantial market shares. Pet care preferences and spending habits vary significantly by region. There is a strong demand for premium and organic products in North America and Europe. Conversely, emerging markets in Asia and Latin America are seeing rapid growth in basic pet care products as pet ownership rates rise.
Integrating technology into pet care—through smart pet products, wearable devices, and telehealth services—is a notable global trend. These innovations enhance the convenience and effectiveness of pet care, appealing to tech-savvy consumers worldwide. There is also an increasing demand for sustainable and eco-friendly pet care products. Consumers seek environmentally friendly options, such as biodegradable waste bags, sustainable food, and eco-friendly toys. The rise of e-commerce has significantly transformed the global pet care market, making it easier for consumers to access a wide array of products. Online platforms are now crucial for reaching a broader audience and providing added convenience for pet owners.
Key Development
As of April 30, 2024, petsmart has been actively expanding consumer access to sustainable products and programs. With a significant percentage of pet parents eager to make a positive environmental impact, petsmart leverages its market position to bridge the gap between niche and mainstream sustainability offerings. Collaborating with a west paw, petplate, and jeracycle, petsmart aims to make purpose-driven brands more accessible and engage pet parents in sustainable practices. Joanne Dwyer, vice President of corporate social responsibility and corporate communications, emphasized the importance of partnerships in achieving their sustainability goals. This expansion can significantly enhance consumer engagement and loyalty, positioning petsmart as a leader in the market and pushing competitors to adopt similar strategies to meet the rising demand for sustainable products.
Offline Distribution Channel to Boom in the Pet Care Market
Traditional brick-and-mortar stores, including pet specialty shops, supermarkets, and hypermarkets, remain a significant component of the pet care market. Major retailers such as Petco, PetSmart, and Walmart provide many pet products and services.
These offline channels offer a tactile shopping experience, allowing consumers to examine products and receive in-person advice from knowledgeable staff physically. This is particularly valuable for items like pet food, grooming supplies, and healthcare products.
Pet specialty stores often enhance their appeal by offering additional services such as grooming and training, creating a comprehensive one-stop-shop experience for pet owners. Retailers like Petco and PetSmart are known for their extensive in-store services, which contribute to increased customer loyalty.
A notable trend in the offline market is the rise of experiential retail. Stores design interactive and engaging environments for both pets and their owners. Examples include pet adoption events, training workshops, and store pet-friendly areas.
Despite the growth of e-commerce, many consumers continue to value the immediacy and personal interaction offered by offline shopping. This is especially true for last-minute purchases and high-involvement products such as pet healthcare items and premium foods.
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Key Vendors
A Place for Rover
Ancol Pet Products
Blue Buffalo
Chewy
Hill’s Pet Nutrition
J.M. Smucker Company
Mars
Nestlé Purina
Petco
PetSmart
A Very Important Pet
Aller Petfood
American Boarding Kennels
Beaphar
BHJ
Bob Martin
Camp Bow Wow
Country Paws Boarding
Diamond Pet Foods
Earthbath
Freshpet
Fromm Family Foods
Fur Frenzy Pet Spa
Halo
Hartz
Just For Pets
Kennel Club USA
KONG
Kriser’s
Oscar’s Pet Resort
Outward Hound
Partner in Pet Food
Pet Palace
PetBecker
Petmate
Pets at Home
PetSafe
Petsfolio
PetSuites
Preppie Pooch
Rosewood Pet Products
Rush Direct
saturn petcare
Spectrum Brands
Swifto
The Zuri Pet Spa
United Petfood
Zooplus
Segmentation & Forecast
Product
Food Type
Toys & Clothing
Housing & Bedding
Pet Hygiene & Care Products
Others
Dry Food
Wet Food
Treats & Snacks
Pet Services
Grooming
Boarding
Bath & Dry
Hair & Skin
Nail & Paws
Eye, Ear, & Teeth
Short-term
Long-term
Pet
Dog
Cat
Distribution Channel
Offline
Online
Geography
North America
The U.S.
Canada
Europe
Germany
The U.K.
France
Italy
Spain
APAC
Japan
China
India
Australia
South Korea
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Turkey
South Africa
Saudi Arabia
Key Questions Answered in the Report:
How big is the global pet care market?
What is the growth rate of the global pet care market?
Which region dominates the global pet care market?
Who are the major global pet care market players?
What are the key drivers of the global pet care market?
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