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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.
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.
Report Attribute | Details |
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Base Year: | 2022 |
Pet Care Market Size in 2022: | 280 Billion (USD) |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 7% |
2032 Value Projection: | 550 Billion (USD) |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 298 |
Tables, Charts & Figures: | 482 |
Segments covered: | Type, Animal, Distribution Channel, and Region. |
Growth Drivers: |
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Pitfalls & Challenges: |
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