Pet Care Market Size By Type (Pet Food {Nutritional, Medicated}, Pet Care Products {Veterinary Care Products, Supplies/OTC Medications}, Services {Pet Grooming/Boarding, Live Animal Purchase), By Animal (Dogs, Cats, Birds, Fishes, Horses), By Distribution Channel (Stores, E-commerce), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Feb 2021  |  Report ID: GMI3387  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 280   |   Base Year: 2020

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Pet Care Market size was valued at over USD 232.3 billion in 2020 and is projected to expand at 6.1% CAGR from 2021 to 2027. Technological advancements that are making grooming, training facilities and boarding accessible to the owners and also assist in tracking pets are expected to uplift the market growth.  However, lack of awareness pertaining to these services in the emerging countries may impede the market expansion. In addition, with the saturation of the markets in North America and Europe, Asia Pacific is poised to witness the entry of some international brands. This establishment will further drive the market revenue.

Pet Care Market

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The global market has been challenged by the coronavirus pandemic and the slight effects of the pandemic may continue to be experienced over the coming years. The COVID-19 impact was high in the month of March and April 2020 wherein, the customers stockpiled pet food and other pet care products resulting in declining sales in the later months. As the COVID-19 crisis unravels, the short-term effects of the pandemic have been mixed and therefore, investors are skeptical whether the upsurge in pet care spending will alter or remain the same. Regardless of some disturbances caused by COVID-19 lockdown measures across the globe, the industry experts believe that the long-term growth potential of the sector remains undamaged. The current surge in pet ownership in a few countries is driven by increase in adoption and nurturing by people restricted to their homes.

Rising demand for mobile pet grooming is anticipated to foster the pet care market value

Mobile pet grooming, a companion animal service sector is growing rapidly. The hectic schedule of pet owners coupled with elderly people has propelled the demand for mobile pet grooming. For geriatric population with limited mobility, mobile grooming services have been invaluable and has thus fueled the demand for these services significantly. Growing awareness regarding the benefits of the mobile pet care services including expert care, personalized individual attention, and no exposure to other pets are some of the attributes of this service that is boosting the demand. Furthermore, the surge in demand for professional grooming services have increased the number of mobile pet care service providers that offers clipping, professional shampooing, brushing, and other grooming services for dogs. Many of the mobile pet care service providers are offering franchisee opportunities.

Growing demand for protein rich diet will spur the segment growth

The pet food segment in the pet care market accounted for USD 94.2 billion in 2020. Increasing inclination towards the advantage of protein rich diet to improve the strength and also help in maintaining the body condition of the pets are some of the attributes that has fostered the market demand. Moreover, majority of pet parents prefer traditional proteins such as beef and chicken when it comes to the ingredients in their pets’ food. However, unique and exotic proteins are set to gain significant traction. Unique proteins are considered as common premium ingredients and exotic protein sources such as rabbit, duck, and wild boar is expected to gain more popularity owing to its nutritional benefits and novelty.

Rising urbanization will emerge as the centrepiece for the acceptance of dogs

The dogs segment held a market share of around 41% and exceeded USD 96.5 billion in 2020 led by several factors including rise in the number of nuclear families, growing urbanization and changing perceptions towards pets. According to a news article, in 2019, key opinion leaders have stated that countries such as India and China will observe significant adoption of dog in the coming years owing to the lifestyle changes and surging awareness pertaining to dog’s companionship.


Manufacturers opting e-commerce to expand their customer base is estimated to augment the pet care market growth

Pet Care Market Size

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The e-commerce channel accounted for 17% of revenue share in 2020. E-commerce is observed as a potential growth driver for pet care industry. Accessibility and options to choose from a wider assortment over the internet on platforms such as Flipkart, PetPals, Amazon, Big Basket, etc. are predicted to spur online sales in the near future. E-commerce websites are adopting various strategies such as fresh pet care food options and subscription delivery programs to attract more customers, thereby impelling the segment value.

Increasing disposable income coupled with rising acceptance of pets will influence the country growth

Global Pet Care Market 

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U.S. dominated the North America pet care market and accounted for around USD 99.7 billion in the year 2020. Growing number of pet care owners, rising awareness pertaining to veterinary health, and changing demographic trends across the country will foster the market expansion positively. Additionally, growing shift towards the premium food followed by natural and organic food is further boosting the industry demand. Surging demand for pet insurance is expected to be an instrumental factor in driving the industry expansion. Increasing veterinary costs has propelled the demand for pet insurance. Imaging diagnostics for pets can be fairly expensive, for instance, CT scans can cost around USD 1,500- USD 2,500 in the U.S., while MRIs for pets can cost somewhere between USD 2,000- USD 3,000 in the U.S.

Japan pet care market was valued at around USD 14.0 billion in 2020 and is projected to expand at 1.3% growth rate till 2027. Changing demographic conditions, growing ageing population, surge in the number of people living alone and growing disposable income are some of the key factors that have uplifted the industry growth in the country. Furthermore, with the COVID-19 pandemic limiting human interaction, pet ownership has surged in Japan as people strive for companionship in stressful times.

Several strategic initiatives undertaken by the major industry players will contribute to the market revenue

Some of the major companies operating in the market are Ancol Pet Products Limited, Blue Buffalo Pet Products, Inc., Champion Petfoods, Colgate-Palmolive Company, Heristo akteingesellschaft, Mars, Incorporated, Nestle S.A, Petmate Holdings Co., Petco Animal Supplies, Inc., PetSmart Inc, Trupanion, Freshpet, Zoetis Inc., Idexx Laboratories Inc., Chewy Inc., Zooplus AG, and among others. The major industry leaders are emphasizing on numerous strategies such as mergers and acquisitions, new product launches, partnerships, and collaborations in order to support their business position.

Recent industry developments:

  • In October 2020, Spectrum Brands Holdings, Inc. announced the acquisition ofArmitage Pet Care Ltd. that is majorly into premium pet treats and toys. This acquisition enhanced the customer base, capabilities and reach of the company by offering pet products.
  • In July 2020, Zoetis and Trianni announced the collaboration for the development of transgenic monoclonal antibody platforms for the discovery of new veterinary treatments. This collaboration is aimed to improve several novel monoclonal antibodies in the pipeline and augment the development of therapeutics that could transform the treatment pattern.

The pet care market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027, for the following segments:

Market, By Type, 2016 -2027 (USD Million)

  • Pet Food
    • Nutritional
    • Medicated
  • Pet Care Products
    • Veterinary Care Products
    • Supplies/OTC Medications
  • Services
    • Pet Grooming/Boarding
    • Live Animal Purchase

Market, By Animal, 2016 -2027 (USD Million)

  • Dogs
  • Cats
  • Birds
  • Fishes
  • Horses
  • Others

Market, By Distribution Channel, 2016 -2027 (USD Million)

  • Stores
  • E-commerce
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
    • Austria
    • Belgium
    • Czech Republic
    • Hungary
    • Netherlands
    • Poland
    • Portugal
    • Romania
    • Sweden
    • Switzerland
    • Ukraine
    • Greece
  • Asia Pacific
    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Philippines
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia

Frequently Asked Questions (FAQ) :

The global industry size for pet care was over USD 232 billion in 2020.
The pet food industry share hit a valuation of USD 94.2 billion during 2020 and will expand through 2027 with a higher demand for protein rich diet for pets.
Dogs segment accounted for an industry share of around 41% in 2020 and will expand owing to rising number of nuclear families and an increased preference for pet adoption in developing regions.
It was estimated that the e-commerce distribution channel contributed 17% of the global pet care market share in 2020 and will witness an increased preference in the coming years.
The U.S. pet care industry size had reached USD 99.7 billion in 2020 and will expand due to a consistent rise in pet ownership, better veterinary care awareness and access to premium food products.
The industry revenue for pet care exceeded USD 232 billion in 2020, where the pet food segment accounted for USD 94.2 billion.
The pet care market value was over USD 232 billion in 2020 and is projected to expand at 6.1% CAGR from 2021 to 2027, according to the analysts at GMI.

Premium Report Details

  • Published Date: Feb 2021
  • Pages: 280
  • Tables: 490
  • Charts / Figures: 16
  • Companies covered: 17
  • Countries covered: 31

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