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Pet Care Industry to Worth USD 368.88 Billion by 2030

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Fortune Business Insights

Fortune Business Insights

The global pet care industry covered major segments by Product Type (Pet Food Products, Veterinary Care, and Others), by Pet Type (Dog, Cat, and Others), Distribution Channel (Online and Offline), and Regional Forecast, and Others.

Pune, India, June 01, 2023 (GLOBE NEWSWIRE) — The global pet care industry was valued at USD 235.32 billion in 2022. The market is poised to expand from USD 246.66 billion in 2023 to USD 368.88 billion in 2030, exhibiting a CAGR of 5.92% over the forecast period. The rise can be attributed to the escalating popularity of pet care products across numerous regions.

Fortune Business Insights™ cites this information in its research report, titled Pet Care Market Size, Share & Forecast 2023-2030”.

Get a Free Sample Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/pet-care-market-104749

List of Key Players Profiled in the Pet Care Market Report:

  • Mars Incorporated (U.S.)

  • Nestle S.A. (Switzerland)

  • Spectrum Brands Inc. (U.S.)

  • Diana Group (Thailand)

  • The J.M. Smucker Company (U.S.)

  • Unicharm Corporation (Japan)

  • Hill’s Pet Nutrition, Inc. (U.S.)

  • SCHELL & KAMPETER, INC (U.S.)

  • Tiernahrung Deuerer GmbH (Germany)

  • Heristo AG (Germany)

Report Scope & Segmentation:

Report Attributes

Details

Forecast Period

2023-2030

Forecast CAGR

5.92%

2030 Value Projection

USD 368.88 Billion

Market Size in 2022

USD 235.32 Billion

Historical Data

2019-2021

No. of Pages

100

Report Coverage

Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends

Segments Covered

  • By Product Type

  • By Pet Type

  • By Distribution Channel

  • By Region

Regions Covered

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East and Africa

Pet Care Industry  Growth Drivers

High Spending on Pet Care to Favor Market Growth

Initiatives for Advanced Pet Care Products to Support the Market Growth

Browse a Detailed Summary of the Research Report with TOC: https://www.fortunebusinessinsights.com/pet-care-market-104749

Report Coverage:

The report provides an account of the vital factors boosting the global business landscape throughout the forecast period. It further gives an analysis of the major trends propelling the overall business scenario over the projected period. Additional aspects include merger agreements, acquisitions, and the launch of numerous solutions.

Drivers and Restraints:

Market Expansion Favored by Increasing Government Spending

Pet care market growth is being impelled by an escalation in spending on pet products such as grooming, healthcare, food, and others. The rise is due to increasing infrastructural facilities in several stores which are likely to support the consumption rate of products.

However, the business growth could be restrained by the high cost associated with high-quality products.

COVID-19 Impact:

Rise in Market Share Driven by Increasing Social Isolation Amid the Pandemic Period

The COVID-19 pandemic led to an escalation in social isolation amid lockdown restrictions. This elevated the demand for pet ownership across various regions. Furthermore, dog owners were extremely conscious regarding the prevention of dogs from infections. However, the pandemic led to the shutdown of pet food stores in several countries.

Segmentation:

Pet Food Segment to Record Substantial Growth Impelled by Rising Demand for Nutritious Items

By product type, the market is segmented into veterinary care, pet food products, and others. The pet food segment is expected to expand at an appreciable pace throughout the study period. The surge can be attributed to the increasing demand for nutritious and tasty food items for meeting the daily feeding requirements of pets.

Dog Segment to Register Considerable Expansion Owing to Healthy Nature of Products

Based on pet type, the market is categorized into cat, dog, and others. The dog segment is estimated to register substantial growth over the projected period. The growth is driven by the healthy nature of products and the happier nature of dogs.

Offline Segment to Gain Traction Driven by Extensive Availability of Products at Various Stores

On the basis of distribution channels, the market is fragmented into online and offline segments. The offline segment is estimated to record considerable expansion over the study period. The escalation is propelled by the growing availability of pet supplies and rising infrastructural settings associated with pet stores.

Based on geography, the market has been analyzed across North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Regional Insights:

North America to Lead Driven by Increasing Pet Care Expenditure in U.S. and Canada

North America pet care industry share is set to exhibit remarkable expansion throughout the study period. The rise is propelled by the enormous expenditure in Canada and the U.S.

The Asia Pacific market is anticipated to record substantial growth over the forecast period. The surge is driven by the increasing presence of major players and manufacturing facilities in countries such as China and India.

Get a Quote Now: https://www.fortunebusinessinsights.com/enquiry/get-a-quote/pet-care-market-104749

Detailed Table of Content:

TOC Continued…!

Speak to Our Expert: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/pet-care-market-104749

Competitive Landscape:

Key Companies Enter Collaborations to Propel Business Landscape

Major companies are centered on the adoption of an array of initiatives for the consolidation of their market positions. These steps comprise merger agreements, acquisitions, and the rollout of new products. Additional initiatives include a rise in research activities and the development of new solutions.

Key Industry Development:

Read Related Insights:

Pet Furniture Market Size to Hit USD 6.09 Billion by 2030 | With a CAGR 6.14%

Pet Toys Market Size to Hit $12.63 Billion by 2029 | At 6.73% CAGR

Pet Clothing Market Size to Worth USD 7 Billion by 2028 | At 4.4% CAGR

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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Pet News 2Day
Pet News 2Dayhttps://petnews2day.com
About the editor Hey there! I'm proud to be the editor of Pet News 2Day. With a lifetime of experience and a genuine love for animals, I bring a wealth of knowledge and passion to my role. Experience and Expertise Animals have always been a central part of my life. I'm not only the owner of a top-notch dog grooming business in, but I also have a diverse and happy family of my own. We have five adorable dogs, six charming cats, a wise old tortoise, four adorable guinea pigs, two bouncy rabbits, and even a lively flock of chickens. Needless to say, my home is a haven for animal love! Credibility What sets me apart as a credible editor is my hands-on experience and dedication. Through running my grooming business, I've developed a deep understanding of various dog breeds and their needs. I take pride in delivering exceptional grooming services and ensuring each furry client feels comfortable and cared for. Commitment to Animal Welfare But my passion extends beyond my business. Fostering dogs until they find their forever homes is something I'm truly committed to. It's an incredibly rewarding experience, knowing that I'm making a difference in their lives. Additionally, I've volunteered at animal rescue centers across the globe, helping animals in need and gaining a global perspective on animal welfare. Trusted Source I believe that my diverse experiences, from running a successful grooming business to fostering and volunteering, make me a credible editor in the field of pet journalism. I strive to provide accurate and informative content, sharing insights into pet ownership, behavior, and care. My genuine love for animals drives me to be a trusted source for pet-related information, and I'm honored to share my knowledge and passion with readers like you.
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