Nordic Pet Care Market
Dublin, Nov. 27, 2023 (GLOBE NEWSWIRE) — The “Nordic Pet Care Market (2023 Edition): Analysis by Pet Type (Dog, Cat, Fish, Bird, Others), Category (Food, Product, Groom & Board), Sales Channel, By Country: Market Insights and Forecast (2019-2029)” report has been added to ResearchAndMarkets.com’s providing.
Nordic Pet Care Market report supplies estimates of 2023 and the forecast interval of 2024-2029.
The Nordic Pet Care market showcased progress at a CAGR of 4.30% throughout 2019-2022. The market was valued at USD 2962.62 Million in 2022 which is predicted to succeed in USD 6672.30 Million in 2029. The market is predicted to develop within the forecast interval and register a market worth of USD 6672.30 Million in 2029 at a CAGR of 13.28% in the course of the forecast interval.
The analysis report presents information together with market dimension, yearly progress & potential evaluation, the aggressive examine of market gamers, funding alternatives, and demand forecast. The analysis report additionally assesses progress indicators, restraints, provide and demand danger, and different vital statistics, in addition to a full evaluation of present and future market tendencies which can be related to the market evolution.
Consumers in Nordic international locations prioritize sustainability, moral sourcing, and animal welfare with regards to buying selections. As a end result, they have a tendency to favor eco-friendly, locally-produced pet meals merchandise that align with their values and beliefs.
Urbanization has resulted in additional folks dwelling in flats or small houses with out yards, making it difficult to feed and take care of pets historically. Convenient, easy-to-use pet meals options, similar to dry meals or subscription providers, have change into more and more enticing to busy pet house owners who need to guarantee their pets obtain correct vitamin with out compromising on high quality.
Moreover, developments in expertise have enabled producers to create revolutionary, high-quality pet meals merchandise tailor-made to particular life levels, dietary wants, and breeds. These specialised formulations assist pet house owners make knowledgeable selections about their pets’ vitamin and total well being.
Increasing demand for premium and revolutionary pet merchandise, similar to practical meals, dietary dietary supplements, and grooming providers, additional boosts the market progress. Moreover, the rise of e-commerce platforms and digital marketplaces supplies handy accessibility to pet house owners throughout areas.
Consumers more and more search premium high quality merchandise and experiences for his or her pets, driving up demand for luxurious pet meals, grooming, and boarding providers. Despite the rise of different pet classes, dogs proceed to dominate the Nordic pet care market, accounting for over 40% of complete gross sales. Cats come second, adopted by small mammals like hamsters and rabbits.
It is predicted to develop steadily, pushed by developments in expertise, elevated funding in pet care infrastructure, and evolving shopper preferences towards premium and customised pet care options.
Key Attributes:
|
Report Attribute |
Details |
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No. of Pages |
170 |
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Forecast Period |
2024 – 2029 |
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Estimated Market Value (USD) in 2024 |
$3.58 Billion |
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Forecasted Market Value (USD) by 2029 |
$6.67 Billion |
|
Compound Annual Growth Rate |
13.2% |
|
Regions Covered |
Denmark, Finland, Iceland, Norway, Sweden |
Scope of the Report
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The report analyses the Nordic Pet Care Market by Value (USD Million).
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The report presents the evaluation of the Nordic Pet Care Market for the historic interval of 2019-2022, the estimated yr 2023, and the forecast interval of 2024-2029.
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The report analyses the Nordic Pet Care Market by Pet Type (Dog, Cat, Fish, Bird, and Others)
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The report analyses the Nordic Pet Care Market By Category (Food, Product, and Groom & Board).
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The report analyses the Nordic Pet Care Market by Sales Channel (Online, and Offline).
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The key insights of the report have been introduced by the frameworks of SWOT and Porter’s Five Forces Analysis. Also, the attractiveness of the market has been introduced by nation, By Pet Types, By Category & by gross sales channel.
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Also, the most important alternatives, tendencies, drivers and challenges of the trade has been analyzed within the report.
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The report tracks aggressive developments, methods, mergers and acquisitions and new product growth.
Competitive Positioning
Strategic Recommendations
Company Profiles
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Nestle Purina Petcare
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Hill’s Pet Nutrition
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Mars Incorporated
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Blue Buffalo
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Spectrum Brands Holdings
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Musti Group
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Fressnapf
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Zoetis Inc.
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Heristo AG
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Affinity Petcare
For extra details about this report go to https://www.researchandmarkets.com/r/eqb7z1
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ResearchAndMarkets.com is the world’s main supply for worldwide market analysis studies and market information. We offer you the latest information on worldwide and regional markets, key industries, the highest corporations, new merchandise and the latest tendencies.
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