Meticulous Research® has recently published an insightful report titled “Pet Care Market Size, Share, Forecast, & Trends Analysis by Offering (Pet Food & Nutrition [Dry Food, Treats, Vitamins, Supplements], Pet Products [Grooming {Shampoo, Conditioner, Brushes}, Oral Care], Pet Services) Sales Channel—Global Forecast to 2031.” According to this research, the pet care market is estimated to reach $287.96 billion by 2031, growing at a compound annual growth rate of 5.9% from 2024.
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With a growing emphasis on pet health and well-being, consumers are increasingly willing to spend on high-quality pet food, grooming supplies, and other services. This trend, referred to as “pet humanization,” has spurred demand for premium-grade pet products, leading to innovations in human-grade and health-focused pet food.
Key Drivers of Growth
Market growth is fueled by rising pet health expenditures, increased pet adoption rates, and greater disposable income in emerging economies. Companies have responded by launching diverse product lines and emphasizing quality, with new opportunities arising as more consumers seek high-end pet products.
Major Market Players:
Top companies in the pet care industry include Mars, Incorporated (U.S.), Hill’s Pet Nutrition, Inc. (U.S.), Blue Buffalo Company, Ltd. (U.S.), and Ancol Pet Products Limited (U.K.). These brands are instrumental in shaping trends with premium pet foods, grooming products, and enhanced health services.
Market Breakdown by Segmentation
Offering-Based Segmentation: This category includes pet food, pet products, and pet services. Pet food is projected to dominate the market due to increased awareness about pet nutrition, a broad range of dietary options, and rising demand for specialty foods.
Animal Type Segmentation: Dogs, followed by cats, hold the largest share of the pet care market as dog ownership rates remain high globally.
Sales Channel: The online segment is expected to witness rapid growth due to factors like increased internet accessibility and convenient shopping options, with subscription-based models gaining popularity.
End User: Pet owners represent the highest growth sector as expenditures on pet wellness continue to rise.
Geographic Distribution
While North America is currently the largest market, the Asia-Pacific region is set to experience the fastest growth, driven by rising pet ownership, a strong demand for quality pet care products, and the presence of global brands entering the market.
These variations provide a balanced overview of the pet care market's landscape, industry trends, and key growth factors across different formats and structures.
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