Pet Care Market - By Type (Pet Food, Pet Care Products, Services), By Animal (Dogs, Cats, Birds, Fishes, Horses), By Distribution Channel (Stores, E-commerce) & Forecast, 2023-2032

Industry Overview

Pet Care Market size was valued at USD 280 billion in 2022 and is expected to witness more than 7% CAGR from 2023 to 2032. The surging expenditure on animal healthcare owing to the increasing incidences of zoonotic diseases and the rising income levels will spur the industry demand.
 

To get more details on this report: Request Free Sample PDF
 

Pet owners across the globe have been undertaking numerous efforts to offer quality care to their pets. This can be attributed to the increasing pet humanization and the presence of favorable reimbursement policies, resulting in increased pet care expenses, thus driving market size.
 

High pet care costs to hamper pet care market development

Pet life expectancy has increased significantly over the years due to the availability of effective medical treatment. These pet care drugs and medical procedures generally associate high expenditure. In addition, limited awareness about pet diseases & pet care products and frail animal healthcare infrastructure are anticipated to impact the market dynamics.
 

Surging incidences of zoonotic diseases to boost the sales of pet care products

To get more details on this report: Request Free Sample PDF
 

Based on type, the pet care products segment is expected to amass more than USD 145 billion by 2032. This is credited to the rising prevalence of zoonotic diseases, resulting in a heightening demand for pet care products. As per the National Center for Biotechnology Information article, in 2019, around 60% of known infectious diseases and over 75% of emerging infectious diseases are zoonotic in origin. These diseases can spread through direct contact and may lead to life-threatening conditions in pets, further pushing the industry value.
 

Mounting desire for constant companionship to increase cat adoptions

With respect to the animal, the pet care market from cat segment is poised to exhibit an over 9% CAGR through 2032, owing to the burgeoning desire for a constant companion and their proven benefits in lowering stress levels. This has led to an increased demand for cat food, grooming, and healthcare products, thus bolstering segment share. Besides, a noticeable number of cat care brands making their foray into the market, coupled with the rising number of cat owners spending heavily on these products, will augment market statistics.
 

Pet stores to gain traction due availability of high-quality products

To get more details on this report: Request Free Sample PDF
 

Regarding the distribution channel, the pet care market from store segment held over 65% business share in 2022 and is expected to expand at a recognizable growth rate from 2023 to 2032. Pet stores have the availability of a broad range of high-quality pet care products and an embedded network across both developed and developing economies. The U.S. has a network of over 12,000 pet stores. Besides, leading market participants focusing on establishing their franchise and brand outlets that offer premium products will positively influence the industry landscape.
 

Surging pet ownerships to bolster industry share across Europe

Europe pet care market is predicted to reach USD 60 billion by 2032. The regional industry is fueled by a visible surge in pet adoptions and an increased expenditure on pet care products and veterinary services. Nonetheless, the ongoing improvement in the existing animal healthcare infrastructure and a rising number of pet insurance firms expanding their presence in the region will create optimistic growth scenarios for the pet care industry across Europe.
 

Novel product launches to define the strategic landscape

Notable players in the pet care market are Blue Buffalo Pet Products, Inc, Petco Animal Supplies, Inc., Ancol Pet Products Limited, Petmate Holdings Co, Champion Petfoods,, Heristo akteingesellschaft, Mars, Inc., Nestle Purina PetCare (Nestle SA),  PetSmart, Inc., J.M. Smucker, Freshpet, Zoetis, Idexx Laboratories Inc., Chewy, Inc.,  Hill's Pet Nutrition (Colgate Palmolive Company), Zooplus AG, and Spectrum Brands, Inc. Participatory organizations have been emphasizing improving their product portfolio to meet the rising demand of a widely expanding consumer pool.
 

Impact of COVID-19 on the pet care market trends

The pet care industry observed sluggish growth during the COVID-19 crisis owing to the continued lockdown measures and movement restrictions during the initial months of the outbreak. These implications resulted in stockpiling buyer behavior which impacted the market sales trajectory in the later months. Veterinary practices were also severely impacted due to restricted public visits and stringent social distancing norms. However, now that the COVID restrictions nearly abdicated across several economies, the industry is poised to recover shortly over the coming eight years.
 

The pet care market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD Billion from 2018 to 2032 for the following segments:

Click here to Buy Section of this Report

By Type

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

Market Size, By Animal

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

Market Size, By Distribution Channel

• 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
  • Austria
  • Belgium
  • Czech Republic
  • Hungary
  • Netherlands
  • Poland
  • Portugal
  • Romania
  • Sweden
  • Switzerland
  • Greece
• Asia Pacific
  • Japan
  • China
  • South Korea
  • India
  • Australia
  • Philippines
• Latin America
  • Brazil
  • Mexico
  • Argentina 
• Middle East and Africa
  • South Africa
  • Saudi Arabia