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, 2019 – 2025

Published Date: Jun 2019  |  Report ID: GMI3387  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 247   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Pet Care Market size was valued over USD 190.1 billion in 2018 and is expected to witness 5.2% CAGR from 2019 to 2025. Growing pet adoption for companionship has led to increase in spending on pet care. Also, high disposable income and rising prevalence of zoonotic diseases has augmented spending on pet animal healthcare.
 

Pet Care Market

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Majority of pet owners consider their pet as a family member; hence they undertake numerous efforts to take proper care of their pets. According to recent data, nearly 68% of households in the U.S. at present have a pet. Hence, above mentioned factors will be responsible for the market growth. 
 

Increase in pet adoption across the globe will be a major factor driving the business growth in the near future. Growing usage of pets in films and ad campaigns has triggered the notion of pet adoption among general population. Furthermore, pet fair trades including the India International Pet Trade Fair (IIPTF) showcasing wide range of pet care products will positively impact industry growth.
 

Pet Care Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 190.1 Billion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 5.2% 2025 Value Projection: 269.9 Billion (USD)
Pages: 247 Tables, Charts & Figures: 498
Geographies covered (31): U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Austria, Belgium, Czech Republic, Hungary, Netherlands, Poland, Portugal, Romania, Sweden, Switzerland, Ukraine, Greece, Japan, China, South Korea, India, Australia, Philippines, Brazil, Mexico, Argentina, South Africa, Saudi Arabia
Segments covered: Type, Animal, Distribution Channel and Region
Companies covered (10): PetSmart, Inc., Petco Animal Supplies, Inc., Nestle S.A., Ancol Pet Products Limited, Mars, Inc., Blue Buffalo Pet Products, Inc., Champion Pet Foods, The Colgate-Palmolive Company, Heristo AG, Petmate Holdings Co.
Growth Drivers:
  • Increase in animal healthcare expenditure
  • Growing pet adoption across the globe
  • Mobile pet grooming
  • Demand for pet insurance
  • Rising prevalence of food borne and zoonotic diseases
  • Increasing demand for protein in animal food
Pitfalls & Challenges:
  • High pet care cost
  • Lack of awareness in developing and under-developed regions
  • Low out of pocket expenditure on pet healthcare in developing countries

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Pet Care Market, By Type

Germany Pet Care Market

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Pet food market was valued at USD 81,241.7 million in the year 2018.  Growing pet ownership, especially in developed nations will highly impact the adoption rate of pet food over the future years. Moreover, rising expenditure on pet care will offer high growth potential to the market. As per the American Pet Products Association, the U.S. population spent approximately USD 72.5 billion in the year 2018 as compared to 69.5 billion in 2017. Hence, increase in number of pet adoption and pet care expenditure will augment the business growth in the near future. 
 

The global pet care services market is projected to witness a considerable growth at 7.8% owing to rising pet care service centers across the globe as well as increasing demand for pet adoption. In the recent years, positive cultural change among the population regarding pet adoption has fueled the global pet care services market. Pet care services include grooming/boarding and live animal purchase services. These services are provided with an aim to take proper care of pets in absence of their owners. Hence, growing rate of pet humanization and adoption will result in boosting the pet care services market over the upcoming years. 
 

By Animal

Dogs pet care market demand was valued at USD 81,618.5 million in the year 2018.  Growing adoption of dogs for companionship coupled with increasing expenditure for dog health will boost market growth in the future. Growing disposable income in developing economies and launch of advanced dog specific products will spur segment growth during the forecast timeframe. 
 

Birds care segment is estimated to grow at 6.3% over the forecast period. Birds are preferred as pets or companion animals owing to their brilliant colors, ability to communicate, intelligence and graceful aerial skills. One of the major reasons for adopting birds as pets is companionship. More than 190 million birds are adopted as pets in Brazil. Birds act as one of the major stress relievers. Growing adoption of birds as companion animals will drive market for bird care products in the future. 
 

By Distribution Channel

Distribution via stores held majority pet care market share and was valued at USD 130,216.3 million in the year 2018. Pet stores segment is expected to witness steady growth during the forecast timeframe owing to increasing expenditure on pet care coupled with growing adoption of cats, dogs, fish and other species as companion animals.
 

Distribution via e-commerce segment such as online retailers and websites is estimated to grow rapidly at 9.4% over the estimation period. Preference for e-commerce websites for pet care products is growing among pet owners as they are willing to spend more on pet care and grooming products. Also, various pet care brands are opting to sell their products online as they get a greater number of customers online. Hence, the distribution or sales of pet food and pet care products via e-commerce is estimated to grow significantly in the near future. 
 

Region Outlook

Europe Pet Care Market

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U.S. dominated the North America pet care market growth and was valued at USD 72,140.0 million in the year 2018. As per the National Pet Owners Survey 2017-2018, around 68% of the American households own a pet. Also, increase in humanization of pets along with several pet grooming services available will result in boosting the country market growth. Numerous established and new market players in the region along with increasing initiatives to expand their footprint in the pet care industry will highly impact the business size. 
 

Chinese market is estimated to show fastest growth at 14% over the estimation period. As per the recent research article, the total number of pet dogs and cats in China exceed around 90 million currently. Also, the number of people opting for pet adoption is increasing at a rapid rate in China, resulting in boosting the business growth.
 

Competitive Market Share

Major industry players involved in the pet care market share include Nestle S.A., Mars, Colgate-Palmolive Company, PetSmart Inc. and Petco Animal Supplies, among other market players. These industry players have incorporated certain strategic initiatives such as new product launches, collaborations, acquisitions that have enhanced their financial stability and helped them evolve as major industrial players. 
 

Pet care industry is growing and changing at a significant rate on a global level. The major reason for the market growth is due to growing pet population, increase in trend of pet humanization along with growing demand in developed and emerging markets. Major business segments include pet food, pet products, and pet services. Pet food is estimated to have a future focus on old and obese pets, whereas pet products will have more technological implementations in the future.
 

Over the last few years, the sales of pet care products has increased, that has resulted due to increase in the pet population, greater variety of diets, increase in use and consumption of pet food along with the benefits and value for money that pet foods offer. Scientific advancements in pet nutrition and medicated food has resulted in increase in demand and adoption rate of pet food.
 

Frequently Asked Questions (FAQ) :

The pet care market demand is estimated to exceed USD 269.9 billion in 2025 from around a value of USD 190.1 billion in 2018, says a GMI report.
According to this report, birds pet care is predicted to grow at more than 6.3% through 2025.
The Chinese market is anticipated to show fastest growth pf over 14% CAGR up to 2025.

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