Pet Care Global Strategic Business Report 2023: Market to Reach $305.1 Billion by 2030

Pet Care Market

Dublin, Nov. 29, 2023 (GLOBE NEWSWIRE) — The report “Pet Care – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.

The Global Pet Care Market Will Reach $305.1 Billion by 2030

The global Pet Care market estimated at US$193.6 Billion in the year 2022, is expected to reach a revised size of US$305.1 Billion by 2030, growing at a CAGR of 5.9% during the analysis period 2022-2030.

Pet Food, one of the segments analyzed in the report, is expected to record a 5.4% CAGR and reach US$134.7 Billion by the end of the analysis period. Growth in the Veterinary Care segment is estimated at 5.8% CAGR for the next 8-year period.

US Market Estimated at $82.9 Billion, While China Forecast to Grow at 7.6% CAGR

The US Pet Care market is estimated at US$82.9 Billion by the year 2022. China, the world’s second largest economy, is estimated to reach an expected market size of US$10.6 Billion by the year 2030 chasing a CAGR of 7.6% in over the review period 2022 to 2030.

Among other notable geographic markets are Japan and Canada, each forecast to grow at 4.8% and 6.2% respectively during the period 2022-2030. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

FOCUS ON SELECT PLAYERS(Total 197 Featured)

• Bayer AG

• ADM Animal Nutrition

• Armitage Pet Care

• Bacon Products Corporation

• Animal Health International, Inc.

• A. Rieper AG

• Babel Bark, Inc.

• AFB International

• Affinity Petcare SA

• Agway, Inc.

• Alcon Industria and Comercio de Alimentos Desidradados Ltda.

• Aller Petfood LLC

• Almo Nature SpA

• Arona Foderfabrik AB

• Barking Heads & Meowing Heads Pet Food UK Ltd.

Key Features:

MARKET OVERVIEW

• Impact of the COVID-19 Pandemic on the Pet Industry

• Disruptions in the Meat and Poultry Supply Chain Affecting the Pet Food Market

• Online Channels Appear as Bright Spots

• An Introduction to Pet Care

• Global Pet Care Market: Prospects and Outlook

• Dogs and Cats: Major Categories of the Pet Care Market

• Pet Food Leads the Global Pet Care Market

• Developed Regions Leading the Way, Developing Economies to Lead Future Growth

• Increase in Pet Ownership Drives Demand for Pet Care Products

• Pet Facts Around the World: Snapshot

• The Millennial Generation Leads in Pet Ownership

• Competition

• Player Eye Acquisitions to Boost Portfolio

• Recent M&A Activities in the Global Pet Food Market

• World brands

• Recent Market Activity

• Competitive Market Presence – Strong/Active/Niche/Trivial for Global Players in 2022 (E)

The story continues

TRENDS and DRIVERS in the market

• Notable Trends of Key Importance for the Global Pet Care Market

• Switch to Sustainable Products

• Custom Foods and Products with Nutritious Ingredients

• Introduction to Telemedicine

• Advanced Wearable Collars

• Advantages for Private Brands

• Online Ordering and Social Media

• Pet Grooming Trends Drive Pet Owners to Increase Spending on Pet Care Products

• Pet Humanization is Paving the Way for Premiumization

• Pets Used as Stress Busters in Organizations

• Pet Health & Wellness: A Key Theme in the Pet Care Market

• Functional Pet Treats Are Growing in Importance

• Pet Foods Segment: Driven by Passion for Pets

• Premiumization Trends Intensify Find Favors in Pet Foods

• Prefer Dry Food over Wet Food

• Increased Desire for Raw Pet Foods and Animal Protein

• Rising Demand for Pet Nutraceuticals Adds New Growth Opportunities

• Due to the Increasing Prevalence of Zoonotic and Foodborne Diseases, Pet Care Spending is Rising

• OTC Pet Medications: Growing Awareness of Pet Health Supports Demand

• Pet Grooming Services: Focus on Appearance and Hygiene Drives Growth

• Pet Grooming Products Are Gaining Popularity

• Pet Insurance Finds Acceptances among Pet Owners

• Direct-to-Consumer Business Model Supports Personalization in Pet Care Market

• Emerging Trends in Pet Technology to Change the Pet Care Market

• The Advent of New Technologies Improves Veterinary Treatment Services

• Select Innovations in the Pet Care Industry

• Telemedicine Is Set to Bring Significant Changes to Veterinary Care

• The Digital Revolution is Changing the Pet Care Distribution Landscape

• Major Retail Channels in the Pet Food Industry

• E-Commerce Platforms Register Dramatic Growth

For more information about this report visit https://www.researchandmarkets.com/r/4afmjg

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