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, 2020 – 2026

Published Date: Aug 2020  |  Report ID: GMI3387  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 301   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Pet Care Market size valued at over USD 223 billion in 2019 and is expected to witness 5.9% CAGR from 2020 to 2026.

Increase in demand of pet food with nutritious content and rising usage of live webcams for pet visits across the globe are some of the trends that will uplift the market revenue. Furthermore, growing demand for telemedicine technology to enhance the access to animal nutritionist, veterinarians and animal experts through video chats and online mobile applications are some other factors that are boosting the market growth considerably.

Pet Care Market

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Technological advancements in the form of wearables have further propelled the pet care market size. For instance, the growing adoption of high-tech collars that assist in keeping the record of pet’s heart rate, body temperature and GPS location through mobile apps and conveying it to the veterinarians in real time will foster the market value significantly. However, lack of awareness regarding pet care products and services are comparatively high in the developing regions thereby, impeding the market growth. The per capita income of the middle and lower-middle income countries is less as compared to the developed countries and thus, the number of private veterinary practices are rare. Hence, the people in these regions do not regard pet care as a priority.

The COVID-19 pandemic will have minimal impact on the pet care market as some of the segments in some of the countries will grow at a regular pace somewhat neutralizing the overall global impact. Various advanced products have been introduced into the market including Litter Robot, Sureflap, Go Pro Fetch, and others during the COVID-19 pandemic. The business operations of key players are running 24/7 in order to meet the customer demand and also to implement safety measures for their employees.

Pet Care Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 223.1 Billion
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 5.9% 2026 Value Projection: USD 327.8 Billion
Pages: 301 Tables, Charts & Figures: 528
Geographies covered (32): U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Austria, Belgium, Czech Republic, Hungary, The Netherlands, Poland, Portugal, Romania, Sweden, Switzerland, Turkey, Ukraine, Greece, Japan, China, South Korea, India, Australia, Philippines, Brazil, Mexico, Argentina, South Africa, Saudi Arabia
Segments covered: Type, Animal, Distribution Channel
Companies covered (16): 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,
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:
  • Decreasing adoption of mercury thermometer
  • 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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Rising animal healthcare spending will spur the market growth

Rise in pet adoption for companionship has led to increased spending on pet care. High disposable income and rising prevalence of zoonotic diseases has further augmented the spending on animal healthcare. Expenditure on pet food continues to hold majority of dollars spent in the industry, with premium dog food being the most common type of food procured, followed by natural and generic food. The accessibility to subscription delivery programs and fresh food options is further projected to upsurge spending in this category. The growing expenditure on veterinary care remains one of the highest sources of spending in the pet care community. The frequency of vet visits has increased due to lower prices that further makes pet care more accessible to a larger audience.

Growing adoption of protein rich diet will drive the pet care market revenue

The pet food segment is poised to register a growth rate of around 5.3% through 2026. Increasing number of pet owners shifting towards the benefits of protein-rich diet, to increase muscle mass & strength, promote satiety, and assist pets in maintaining the ideal body condition are some of the factors contributing to the segment growth.

High protein diet is of importance for many manufacturers and pet owners because of proteins’ ability to repair tissues and muscles, which is essential for the body to function. Hence, many manufacturers, brands and retailers are projected to incorporate formulas that highlight the sources of protein in pet food along with quality and quantity.

Manufacturers opting e-commerce to expand their customer base

Global Pet Care Market By Distribution Channel

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The e-commerce distribution channel accounted for over 16.4% pet care market share in 2019. Various pet care product manufacturers are adopting e-commerce to build a better online experience for their consumers, thereby exploring huge sales opportunities. Online sales of pet care product have allowed the manufacturers to expand their customer base and market share. Moreover, e-commerce websites are adopting various strategies such as subscription delivery programs and fresh food options to attract more customers.

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

The dogs segment held a market share of 41.7%, with revenue exceeding USD 93 billion in 2019 attributed to rising affluence in developing economies, increasing research & development of first-in-line drugs, and growing urbanization that has led to dog adoption. Additionally, dogs are adopted for psychological and therapeutic benefits that has in turn fueled the market growth substantially. Adoption of pet dogs have increased in emerging countries such as India and China, on account of the growing awareness pertaining to dog’s companionship and lifestyle changes.

Rising disposable income coupled with growing adoption of pets will impel the Japan market expansion

Global Pet Care Market By Region

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U.S. pet care industry valuation was over USD 95.8 billion in the year 2019 owing to changing demographic trend in the pet ownership across the country. In addition, many of the pet owners prefer fresh, nutritionally rich, and branded pet food, thereby spending extensively on pet care.

Presence of pet insurance across the country will further boost the regional industry over the coming years. Rising consumer awareness regarding the beneficial impact on pet health along with the increasing trend of humanization of pets is also contributing to the market growth trends. The intense association between pets and pet owners leads the latter to acknowledge that their pets appreciate pampering and buying of pet products.

Japan pet care market size crossed USD 14.4 billion in 2019 and is projected to expand at a CAGR of 1.4% during the forecast period. Growing acceptance of pets in the country along with the changing lifestyle is bolstering the market value in the country. Furthermore, growing demand for premium dog food is also driving the market revenue. Rising disposable income coupled with high expenditure in Japan will offer lucrative market growth opportunities.

Several strategic initiatives undertaken by the major industry players

The global pet care industry size is fragmented in nature with local small players, large corporations, and start-ups joining the industry competition. However, the key market participants are continuously involved in developing innovative technologies to create more opportunities in the healthcare sector. The key players are focusing on various strategies such as mergers and acquisitions, partnerships, new product launches, collaborations, and market development strategies in order to strengthen their business position.

Some of the major players 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.

Recent industry developments:

  • In April 2020, Idexx announced the launch of IDEXX SARS-CoV-2 (COVID-19) Real PCR Test for pets. The launch of the product has strengthened the position of the company across the globe.
  • In May 2017, PetSmart Inc. announced the acquisition of Chewy, Inc. This acquisition enhanced the capabilities and reach of both the companies by offering pet services and products across the globe.

The pet care market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026, 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 of pet care valued at over USD 223 billion in 2019.
The industry share of pet care is expected to witness 5.9% CAGR from 2020 to 2026.
The pet food segment may record 5.3% CAGR through 2026, driven by shifting inclination of pet owners toward protein-rich pet diets to ensure that pets have increased muscle mass and body constitution.
Increasing popularity of online pet care product sales have prompted manufacturers to build better virtual shopping experiences for consumers, owing to e-commerce as a distribution channel is gaining much prominence. E-commerce segment held 16.4% market share in 2019.
The dogs segment accounted for 41.7% revenue share in 2019 with a valuation of over USD 93 billion, owing to rising dog adoption for therapeutic benefits, increasing affluence, and development of first-in-line drugs for dog treatments.
The pet care products will gain massive traction in the U.S., led by changing demographic trends subject to pet ownership and rising need for nutritionally rich pet food. U.S. market held USD 95.8 billion in 2019.
Japan market size exceeded USD 14.4 billion in 2019 and may exhibit 1.4% CAGR through 2026, driven by rising disposable incomes, changing lifestyles, increasing pet adoption, and surging demand for premium pet food.

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Premium Report Details

  • Published Date: Aug 2020
  • Pages: 301
  • Tables: 490
  • Charts / Figures: 38
  • Companies covered: 16
  • Countries covered: 32

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