USD 222.93 Billion
Global Pet Care Market Size, Share, Growth Analysis, By Product Type(Pet Food Products, Veterinary Care), By Pet Type(Dog, Cat), By Distribution Channel(Online, Offline) - Industry Forecast 2022-2028
Report ID: SQSG30C2037 | Region: Global | Published Date: October, 2022 | Pages: 157
Global Pet Care Market Insights
Global Pet Care Market size was valued at USD 222.93 Billion in 2021, and it is expected to reach a value of USD 325.74 Billion by 2028, at a CAGR of 5.6% over the forecast period (2022 - 2028).
Pets are considered members of the family among the vast majority of pet owners. Pet care products are becoming more popular as people get more information about animal welfare and well-being. Animal care items are classified into several categories, including food, cleanliness, toys, and others. Mars Incorporated, Nestle S.A., and other prominent animal food firms are focused on providing nutritional and calorific value in their products. In order to attract pet owners, they are now selling delicious animal food. For example, Champion Petfoods LP debuted ORIJEN small breed, a wild-fish captured & flavored recipe-based dog food item in the United States market in February 2020. Further, companies developing their products by employing 100% natural components in their pet food offerings, as well as companies focusing on providing modern pet care gadgets and toys to attract clients and give enhanced pet fitness and health monitoring, are examples of new industry improvements, that are expected to drive the growth of the pet care market in the upcoming years.
Market snapshot
Global Market Size
Largest Segment
Dog
Fastest Growth
Dog
Growth Rate
5.6% CAGR
Global Pet Care Market 2021-2028 ($ Mn)
Country Share for North America Region- 2021 (%)
Global Pet Care Market Size by Pet Type 2021-2028 ($ Mn)
Global Pet Care Market by Pet Type 2021-2028 (%)
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Global Pet Care Market Segmental Analysis
The global Pet Care market is segmented based on product type, pet type, distribution channel, and region. Based on the product type, the pet care market is segmented into pet food products, veterinary care, and others. Based on the pet type, the market is segmented into dog, cat, and others. Based on the distribution channel, the market is segmented into online and offline. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Product Type
Based on the product type, the pet care market is segmented into pet food products, veterinary care, and others. Among these, the pet food segment of the market is projected to hold the most substantial share in the market. According to the European Pet Food Industry Association (FEDIAF), sales of pet food products in Europe reached approximately 8,500 million tons in 2019. Furthermore, people's easy access to a variety of animal food items results in higher income production from this market. Further, Obesity is becoming more prevalent among pet dogs all around the world. This is expected to promote sales of pet dog dietary food items designed to keep them healthy. According to a new study, pets are becoming overweight as a result of poor dietary habits. Changes in animal owners' preferences for feeding plant-based and healthy meals to their pets are also anticipated to stimulate demand for vegan animal food items. Aside from that, the growing popularity of premium service dog and cat toys among pet owners is expected to increase demand for pet dog and cat toys. Rising demand for high-quality animal hygiene products will drive market growth in the coming years.
Global Pet Care Market by Pet Type, 2021 (%)
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Global Pet Care Market Regional Insights
In 2021, North America is expected to have the biggest share of the pet care market. Among the region, the US pet care market is projected to hold significant share. One of the key factors in the region's supremacy is the high rate of pet adoption in American households. A poll by the American Pet Products Association (APPA) found that around 85 million American families, or 67% of all households in the country, have pets. The adoption of pet humanization and the favorable public perception of it in North America are fostering market expansion for wholesome pet food products. Further, according to data from the Government of Canada's Statistical Department, Canadian household expenditure on pet insurance, veterinarian, and other associated services reached USD 2,720 million in 2019, up from USD 2,550 million in 2018. Furthermore, the region's significant pet owners' need for premium quality products for their pets’ results in higher income creation from such products. In addition, the trend of treating pets as individuals is driving high spending on safe and sustainable pet food in Europe.
Global Pet Care Market By Geography, 2021 - 2028
- Largest
- Fastest
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Global Pet Care Market Dynamics
Driver
- People's growing expenditure on pet care items such as food, healthcare, grooming, and others is expected to stimulate consumption, hence promoting pet care market growth. Furthermore, the development of pet care store infrastructure in numerous nations throughout the world is expected to increase consumption of pet-related products, hence driving pet care market expansion. Having a cat is regarded a status symbol in upper-class societies. As a result of changing lifestyles among the global population, demand for cat care products is expected to rise. Hence, this will contribute to the market growth.
Restraint
- The increased expense of high-quality pet care items is predicted to limit their popularity among lower-income people. Furthermore, the unclear rates of animal-borne diseases such as abdominal pain, diarrhea, and others to owners as a result of their pets' unsanitary living practices are expected to hinder pet care market expansion. Furthermore, the companies' profits are projected to be hampered by ambiguous laws surrounding the labelling and promotion of pet care goods.
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Global Pet Care Market Competitive Landscape
The pet care market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Top Players in Global Pet Care Market are
- Mars Incorporated (US)
- Nestle S.A. (Switzerland)
- Spectrum Brands Inc. (US)
- Diana Group (Thailand)
- The J.M. Smucker Company (US)
- Unicharm Corporation (Japan)
- Hill’s Pet Nutrition, Inc. (US)
- SCHELL & KAMPETER, INC (US)
- Tiernahrung Deuerer GmbH (Germany)
- Heristo AG (Germany)
Recent Developments
- In January 2021, Paws Inc., a New York-based cat wellness products company, acquired Ocado Group's Fetch, a U.K.-based online pet food store, in order to extend its European market presence.
Global Pet Care Key Market Trends
- The pet humanization trend is helping market growth by increasing pet owners' interest in treating their dogs as family members. Because larger pets require more maintenance than smaller pets, urbanization is forcing people into smaller places where larger pets are not appropriate. Because of this, small pets are considerably more likely than larger creatures to be petted and humanized. There are natural, higher-quality, and safer pet care products on the market. With an increasing global demand for luxury pet grooming products, several companies are attempting to manufacture high-quality pet care products in order to gain a large market share. The popularity of pet fashion among pet owners has a positive impact on the business and is expected to lead to significant market growth during the forecast period. This encourages market participants to launch a flurry of unique and tailored pet grooming solutions. The pet humanization wave is boosting market expansion, with several manufacturers investing heavily in R&D to produce new and creative products.
Global Pet Care Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global pet care market is segmented based on product type, pet type, distribution channel, and region. Based on the product type, the pet food segment of the market is projected to hold the most significant share in the market. Based on the pet type, the dog segment of the market is projected to hold the most significant share in the market. Based on the distribution channel, the online channel segment of the market is projected to hold the most significant share in the market. Whereas, based on the region, the North American region of the market is projected to hold the most significant share in the market.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 222.93 Billion |
| Market size value in 2028 | USD 325.74 Billion |
| Growth Rate | 5.6% |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Pet Care Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Pet Care Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Pet Care Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Pet Care Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Pet Care Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Pet Care Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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