For entrepreneurs looking to invest in franchising, there is a world of opportunities awaiting in the pet sector.
People love their pets. In fact, we love them so much that the pet care market is expected to be huge $400.4 billion by 2028.
The market is growing for several reasons. Jeff Wallaceco-founder of Pets are finesays one of them is the increasing “humanization” of domestic animals. “More people view their pets as family members as opposed to just possessions, leading to higher spending on premium products and services,” he told 1851 Franchise.
Wallace also noted that increased pet ownership and adoption, especially during the pandemic and among younger generations, has expanded the overall market base.
“Technological advances have also played a role, with innovations in pet health, nutrition, and care products attracting consumers looking to increase their pet’s longevity,” said Wallace.
In this article, we’ll take a closer look at some of the trends shaping the pet care industry. We will also explore some franchise opportunities for those looking to capitalize on these trends.
Pet Health and Welfare Services
Just like people, pets also need regular health care. Pet owners are increasingly looking for preventative health and wellness solutions for their furry companions, including regular check-ups and vaccinations.
“The pet health and wellness sector, including veterinary services, pet insurance and health-oriented products, is experiencing significant growth,” Wallace said.
Pet health clinics and wellness center franchises that offer veterinary services are in high demand. These businesses provide a reliable stream of income while helping pet owners take better care of their beloved pets.
Nutritious Pet Products
More and more pet owners are becoming conscious of what they feed their furry friends.
“Premium and organic pet food products are growing in popularity as owners look for healthier options for their pets,” Wallace said.
Owners choose products with healthier ingredients and are willing to spend a little more for higher quality, healthier options. This trend has led to the rise of specialty pet brands that offer a wide range of these health-conscious products.
Technology Integration
From apps that help schedule grooming appointments to wearable devices that monitor pet health, technology is changing the pet industry and changing the way we care for our pets.
“Another promising area is pet technology, which encompasses smart pet devices, wearable trackers and automated feeders, all of which cater to tech-savvy pet owners,” said Wallace. “E-commerce and subscription services also present huge opportunities due to their convenience and consumers’ increasing preference for online shopping.”
Franchise opportunities that embrace these technological advances will be well positioned to succeed in the market.
Mobile Pet Grooming
Pet owners are busier than ever, and they’re looking for grooming services that fit into their busy schedules. That’s where mobile pet grooming comes in. Instead of taking their pets to a salon, owners can now have groomers come directly to their homes. This trend is especially popular in cities where people may not have easy access to traditional grooming salons. For entrepreneurs, investing in a mobile pet grooming franchise can be a smart move to meet the growing need for convenience.
Multi-Service Franchising
Pet owners want convenience, and multi-service franchising models meet that need. These franchises offer a variety of pet-related services under one roof, including grooming, boarding, training and retail. By providing everything a pet owner needs in one place, multi-service franchises attract loyal customers and maximize revenue opportunities.
Opportunities to Consider
The pet franchise industry is booming, with many opportunities for entrepreneurs to explore.
“Right now, investing in a pet franchise is a smart move because of the stable and growing pet market,” Wallace said. “The steady increase in pet ownership and spending on pet-related products and services creates a favorable business environment. The strong emotional bond people have with their pets ensures steady demand, making it a resilient and profitable investment opportunity.”
Here are five pet-focused franchises to consider:
Pet Wants
- Investment Range: $131,500 – $202,500
- Number of Units: 140+
Central Bark
- Investment Range: $552,769 – $934,172
- Number of Units: about 40
Dog Training Elite*
- Investment Range: $159,050 – $186,750
- Number of Units: 240+
Pets are fine
- Investment Range: $189,150 – $273,500 (according to Businessman)
- Number of Units: 20
Pet Supplies Plus
- Investment Range: $440,600 – $1,315,200.
- Number of Units: 700+
With the right business model and passion for pets, aspiring franchise owners can find success while making a positive impact on the lives of pets and their owners.
Every good franchisee has help buying a franchise. Want to learn more about how 1851 helps franchisees find the right franchise opportunity? Visit www.1851growthclub.com and start your journey.
*This brand is a paid partner of 1851 Franchise. For more information on paid partnerships please press here.
