Pet Care Industry 2021 Growth, Trends, Share and Demands Research Report
Category: #business  By Ronak Bora  Date: 2021-08-03
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Pet Care Industry 2021 Growth, Trends, Share and Demands Research Report

A rapid increase in the number of pet animals being adopted for companionship has supported the need for an advanced pet care market. China has emerged as the third-largest pet population country globally following Brazil and the U.S. In addition to the above, the surging use of pets in films and ad campaigns have driven the support for pet adoption among the population.

Over the years, there has been a shift in the concept of pet owners to pet parents indicating that today the pets are considered as a part of the family. As per a report published by the European Pet Food Industry Federation in 2019, cats continue to be the most popular type of pet in the European household with a population of 77.4 million in the EU and 106.4 million in both Russia and Europe.

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Additionally, the popularity of dogs across the region has grown considerably over the years, with nearly 68.5 million dogs in the European Union, 87.5 million in Russia and Europe in 2019. Reports estimate that global pet care market size will amass USD 350.2 billion in terms of annual valuation by 2027.

Concerning the type of product, the pet care industry is segmented into pet care products and services, and pet food. In the year 2020, pet care products segment was valued at nearly USD 71.3 billion. This high market is due to various trends in the pet humanization industry which has led to increasing awareness regarding ingredients, pet food Premiumisation, sustainable pet care food, and personalized pet food.

The rising interest in personalized pet food plans that are made available to the pet owners at their doorstep is propelling the market growth.

Geographically speaking, in 2020, Australia pet care market was valued at over USD 13.3 billion. The rising number of pet owners in the region has supported the demand for premium food. The rising geriatric population in the region has driven the adoption of pet animals in the form of companionship, and security among various other factors.

A study suggests that more than 5 million households in Australia own over 25 million pets, due to these statistics the pet acre market will complement the market growth. The need for pet food is rising in the country as most pet owners are willing to spend more to ensure that their pets receive high-quality food. Other sectors like the pet care services and pet care products like pet toys, custom bedding, pet spa others are complementing the need for a robust pet care market across Australia.

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Improvement in disposable income among the people in both developed as well as developing economy along with the demand for a wide variety of products has supported the sale of pet care products on e-commerce platform. The coronavirus pandemic and the consequent travel restriction due to the need to control the spread of infection has furthermore boosted the sale of different pet care products like food, grooming items, and others.

In addition, plethora of brands available online offers a wide option of choosing different types of product and at different prices.

The pet care market is endowed with many leading companies that are undertaking measures to enhance product quality and facilitate greater reach. The market players are entering into partnerships, strategic alliances, and acquiring to meet their expansion needs.

In October 2020, Spectrum Brands Holdings acquired Armitage Pet Care Ltd. which is primarily into pet toys and treats. This purchase helped improve the customer base, capabilities and reach of the company by extending pet products. Other notable pet care companies include Colgate-Palmolive Company, Mars, Nestle S.A., PetSmart Inc., and Petco Animal Supplies, among various others.

Partial Chapter of the Table of Content:

Chapter 3   Pet Care Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2016 -2027 (USD Million)

3.3    Industry impact factors

3.3.1    Growth drivers

3.3.1.1    Increase in animal healthcare expenditure

3.3.1.2    Growing pet adoption across the globe

3.3.1.3    Mobile pet grooming

3.3.1.4    Demand for pet insurance

3.3.1.5    Rising prevalence of food borne and zoonotic diseases

3.3.1.6    Increasing demand for protein in animal food

3.3.2    Industry pitfalls & challenges

3.3.2.1    High pet care cost

3.3.2.2    Lack of awareness in developing and under-developed regions

3.3.2.3    Low out of pocket expenditure on pet healthcare in developing countries

3.4    Growth potential analysis

3.4.1    By type

3.4.2    By animal

3.4.3    By distribution channel

3.5    COVID-19 impact analysis

3.6    Impact of demographics on pet ownership

3.7    Historical growth rate, 2008 to 2020, percent (%)

3.7.1    U.S.

3.7.2    Europe

3.7.3    Brazil

3.8    Regulatory landscape

3.8.1    U.S.

3.8.2    Europe

3.8.3    Asia Pacific

3.9    Pet population, by country, 2019

3.9.1    North America

3.9.1.1    U.S.

3.9.1.2    Canada

3.9.2    Europe

3.9.2.1    Germany

3.9.2.2    UK

3.9.2.3    France

3.9.2.4    Spain

3.9.2.5    Italy

3.9.2.6    Russia

3.9.2.7    Austria

3.9.2.8    Belgium

3.9.2.9    Czech Republic

3.9.2.10    Hungary

3.9.2.11    Netherlands

3.9.2.12    Poland

3.9.2.13    Portugal

3.9.2.14    Romania

3.9.2.15    Sweden

3.9.2.16    Switzerland

3.9.2.17    Ukraine

3.9.2.18    Greece

3.9.3    Asia Pacific

3.9.3.1    Japan

3.9.3.2    China

3.9.3.3    South Korea

3.9.3.4    India

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/pet-care-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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