Analysis and Forecast 2019-2029 by Pet Type (Dog, Cat, Fish, Bird, Other), and Category (Food, Product, Groom & Board)

Nordic Pet Care Market

Dublin, Nov. 27, 2023 (GLOBE NEWSWIRE) — The “Nordic Pet Care Market (2023 Edition): Analysis by Pet Type (Dog, Cat, Fish, Bird, Other), Category (Food, Product, Groom and Board) , Sales Channel, By Country: Market Insights and Forecast (2019-2029)” report has been added to ResearchAndMarkets.com’s offering.

The Nordic Pet Care Market report provides estimates of 2023 and the forecast period of 2024-2029.

The Nordic Pet Care market has shown growth at a CAGR of 4.30% during 2019-2022. The market is valued at USD 2962.62 Million in 2022 which is expected to reach USD 6672.30 Million in 2029. The market is expected to grow during the forecast period and register a market value of USD 6672.30 Million in 2029 at a CAGR of 13.28% during the period of forecasting.

The research report presents data including market size, annual growth and potential analysis, competitive analysis of market players, investment opportunities, and demand forecast. The research report also analyzes growth indicators, restraints, supply and demand risk, and other vital statistics, as well as a full assessment of current and future market trends related to market evolution.

Consumers in the Nordic countries prioritize sustainability, ethical sourcing, and animal welfare when it comes to purchasing decisions. As a result, they tend to favor eco-friendly, locally made pet food products that align with their values ​​and beliefs.

Urbanization has resulted in more people living in apartments or small houses without yards, making traditional feeding and care of livestock a challenge. Convenient and easy-to-use pet food solutions, such as dry food or subscription services, have become increasingly attractive to busy pet owners who want to make sure their pets receive of proper nutrition without compromising quality.

Moreover, advances in technology have allowed manufacturers to create innovative, high-quality pet food products tailored to specific life stages, dietary needs, and breeds. These special formulations help pet owners make informed choices about their pets’ nutrition and overall health.

Increasing demand for premium and innovative pet products, such as functional food, nutritional supplements, and grooming services, is further fueling the market growth. Moreover, the rise of e-commerce platforms and digital marketplaces provide convenient accessibility to pet owners across regions.

Consumers are increasingly looking for quality products and experiences for their pets, driving demand for luxury pet food, grooming, and boarding services. Despite the rise of other pet categories, dogs continue to dominate the Nordic pet care market, accounting for more than 40% of total sales. Cats are second, followed by small mammals such as hamsters and rabbits.

The story continues

It is expected to continue to grow, driven by technological advances, increased investment in pet care infrastructure, and changing consumer preferences towards premium and customized pet care solutions.

Key Features:

Report Scope

• The report analyzes the Nordic Pet Care Market by Value (USD Million).

• The report presents an analysis of the Nordic Pet Care Market for the historical period of 2019-2022, the estimated year 2023, and the forecast period of 2024-2029.

• The report analyzes the Nordic Pet Care Market by Pet Type (Dogs, Cats, Fish, Birds, and Others)

• The report analyzes the Nordic Pet Care Market By Category (Food, Product, and Groom & Board).

• The report analyzes the Nordic Pet Care Market by Sales Channel (Online, and Offline).

• The key insights of the report are presented through SWOT frameworks and Porter’s Five Forces Analysis. Also, market attractiveness is shown by country, By Pet Types, By Category and by sales channel.

• Also, key industry opportunities, trends, drivers and challenges are analyzed in the report.

• The report tracks competitive developments, strategies, mergers and acquisitions and new product development.

Competitive Positioning

Strategic Recommendations

Company Profiles

• Nestle Purina Petcare

• Hill’s Pet Nutrition

• Mars Incorporated

• Blue Buffalo

• Spectrum Brands Holdings

• Must Group

• Fressnapf

• Zoetis Inc.

• Heristo AG

• Affinity Petcare

For more information about this report visit https://www.researchandmarkets.com/r/eqb7z1

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