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, COVID-19 Impact Analysis, 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 surpassed USD 232 billion in 2020 and is poised to expand at over 6.1% CAGR between 2021 and 2027. Technological advancements that are making grooming, training facilities, and boarding accessible to the owners and assist in keeping track of the pets are expected to boost the market growth.
 

Pet Care Market

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Mobile pet grooming, a companion animal service sector is growing rapidly. The hectic schedule of pet owners has propelled the demand for mobile pet grooming. For geriatric population with limited mobility, mobile grooming services have been invaluable. 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 fueling the pet care market demand. In addition, 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, for instance the Mobile Dog Wash and Pooch Mobile in UK.
 

The global pet care market has been challenged by the coronavirus pandemic. As the COVID-19 crisis unravels, the short-term effects of the pandemic have been mixed and therefore, investors are sceptical 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 long-term growth potential of the sector remains undamaged. Moreover, the current surge in pet ownership in a few countries is driven by increase in adoption and nurturing by people restricted to their homes.
 

Growing demand for protein rich diet across the globe will augment the pet care market expansion

The pet food segment revenue in 2020 was around USD 94.2 billion. Growing inclination towards the advantage of protein rich diet to improve the strength and help in maintaining the body condition of the pets will foster the segment size.
 

Additionally, 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 anticipated to gain significant traction. Unique proteins are considered as common premium ingredients and exotic protein sources such as rabbit, duck, and wild boar will gain popularity owing to its nutritional benefits and novelty.
 

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

The dogs segment dominated around 41% pet care market share in 2020, owing to 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 witness significant adoption of dog in the coming years due to the lifestyle changes and surging awareness pertaining to dog’s companionship.
 

Manufacturers opting e-commerce to expand their customer base

  Pet Care Market, By Distribution Channel

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The e-commerce distribution channel held 17% pet care market 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. will drive online sales. In addition, e-commerce websites are adopting various strategies such as fresh pet care food options and subscription delivery programs to attract more customers.
 

Rising awareness pertaining to veterinary health in the U.S.

Global Pet Care Market, By Region  

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U.S. dominated the North America pet care market with more than USD 99.7 billion revenue in the year 2020. Growing number of pet care owners, rising awareness pertaining to veterinary health, and changing demographic trends across the country will impel the market demand. Furthermore, growing shift towards the premium food followed by natural and organic food will fuel the market expansion. Surging demand for pet insurance will be an instrumental factor in driving the industry size.
 

Japan pet care market size crossed USD 14 billion in 2020 and is projected to register 1.3% growth through 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 revenue 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

Some of the major players operating in the pet care 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., and Zooplus AG.
 

The companies are emphasizing on numerous strategies such as mergers and acquisitions, new product launches, partnerships, and collaborations to support their business position.
 

Recent industry developments:

  • .In October 2020, Spectrum Brands Holdings, Inc. announced the acquisition of   Armitage 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 enhance 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

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

Market, By Animal

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

Market, 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
    • 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 market size for pet care products surpassed USD 232 billion in 2020 and is poised to expand at over 6.1% CAGR between 2021 and 2027.
U.S. dominated the North America market with more than USD 99.7 billion revenue in the year 2020. Growing number of pet care owners, rising awareness pertaining to veterinary health, and changing demographic trends across the country will impel the market demand.
It was estimated that the e-commerce distribution channel contributed 17% of the market share in 2020 and will witness an increased preference in the coming years.
With the COVID-19 pandemic limiting human interaction, pet ownership has surged as people strive for companionship in stressful times.
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.
Some of the major market players 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., and Zooplus AG.

Premium Report Details

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

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