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Pet Care Market Share

Report ID: GMI3387
Published Date: Jun 2024
Report Format: PDF

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Pet Care Market Share

The pet care industry is characterized by robust competition and diverse offerings catering to the growing global demand for pet-related products and services. Key players in the market include multinational corporations, regional brands, and niche providers specializing in various segments such as pet food, veterinary services, grooming, and accessories. Companies like Idexx Lab
oratories, Inc., Zoetis, Inc., Nestle Purina PetCare, Hill's Pet Nutrition dominate the market with extensive product portfolios and global distribution networks, leveraging economies of scale and brand recognition.

Pet Care Market Companies

Prominent players operating in the pet care industry include:

Ancol Pet Products Limited
Blue Buffalo Pet Products, Inc
Champion Petfoods
Chewy, Inc.
Freshpet
Heristo akteingesellschaft
Hill's Pet Nutrition (Colgate Palmolive Company)
IDEXX Laboratories, Inc.
J.M. Smucker
Mars Inc.
Nestle Purina PetCare (Nestle SA)
Petco Animal Supplies, Inc.
Petmate Holdings Co.
PetSmart, Inc.
Spectrum Brands, Inc
Zoetis Inc.
Zooplus AG

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Pet care industry size was worth USD 304.4 billion in 2023 and is projected to expand at 6.8% CAGR from 2024 to 2032 due to the increasing rate of pet humanization across the globe.

The pet care products segment accounted for 72.7% of the market share in 2023, owing to the widespread availability of pet care products through diverse retail channels such as pet specialty stores, supermarkets, online platforms, and veterinary clinics.

The dog segment in the pet care industry accounted for USD 183.9 billion in revenue in 2023, as dogs are often considered beloved members of families, leading to increased spending on their health, nutrition, grooming, and overall well-being.

North America pet care industry accounted for USD 146.7 billion in 2023 and is projected to grow at 6.4% CAGR between 2024 and 2032, led by the presence of some of the most advanced veterinary healthcare services and pharmaceutical innovations in the region.