Pet Care Market – Global Industry Analysis and Forecast (2024-2030)

Global Pet Care Market size was valued at USD 249.23 Bn in 2023 and is expected to reach USD 364.97 Bn by 2030, at a CAGR of 5.6 %.
Pet Care Market Overview:
The pet care industry is a continuously growing sector that emphasizes on offering Pets and services that improve the well-being of pets. It integrates various aspects of pet ownership, such as food, healthcare, grooming and accessories, reflecting the increasing status of pets in people's lives. Pet ownership is on the rise globally, boosting the growth of the pet care market. More individuals are adopting or purchasing pets, and these animals are increasingly regarded as cherished members of the family. This tendency has led to increased spending on high-quality Pets and services to cater to pets' needs. A substantial component of the pet care market is pet food. Consumers are increasingly seeking premium and natural pet food options, with a strong focus on nutrition and ingredient quality. Specialized diets for pets with dietary restrictions and allergies have also gained popularity, as has the demand for sustainable and eco-friendly pet food.To know about the Research Methodology :- Request Free Sample Report

Pet healthcare is a vigorous facet of the industry, surrounding veterinary services, medications and pet insurance. Owners are prioritizing their pets' health and well-being, with preventative care including vaccinations and routine check-ups becoming essential. This has led to longer as well as healthier lives for pets. Grooming and hygiene are essential aspects of pet care, with grooming services, grooming Pets and pet shampoos and conditioners experiencing consistent growth. The perception of "humanization" has resulted in pets receiving the same level of care and attention as human family members. Advancements in consumer preferences and technology have driven innovation in the pet care market. Smart pet Pets and wearable devices enable owners to monitor their pets' health and well-being remotely, adding suitability and peace of mind.
Driver
Premium and Health-Conscious Pet Food Trends to Drive Pet Care Market

The pet food industry has experienced a significant revolution in response to the rising trend toward premium and health-conscious pet food Pets. Pet owners are increasingly prioritizing the well-being of their beloved animal companions, resulting in an increasing demand for pet food that meets higher standards of quality, nutrition and natural ingredients. This shift involves several key elements including the use of human-grade ingredients, which reflects a need for pet food that resembles human food in terms of freshness and minimal processing. Pet food brands provide a diverse range of dietary options, from grain-free to grain-inclusive diets, designed to accommodate several pet needs and preferences, addressing concerns such as allergies and dietary sensitivities. Pet food is increasingly being encouraged with functional components including probiotics, omega-3 fatty acids, and antioxidants, targeting to support the overall health, digestion and immunity of pets.

This shift toward functional ingredients aligns with the wider awareness of the importance of nutrition for pets, encouraging their overall well-being. The pet food market has witnessed the emergence of customized nutrition options. Some companies provide personalized pet food solutions tailored to individual pets' specific dietary requirements and health conditions. This innovative approach to pet nutrition is gaining popularity among pet owners who seek to address their pets' unique nutritional requirements and health concerns. This focus on premium and health-conscious pet food extends beyond the pet food sector, causing a current effect across the whole pet care market. Pet owners who are increasingly discerning about their pets' dietary selections are likely to extend their discernment to other aspects of pet care, such as healthcare, grooming and pet accessories. As a result, this trend boosts revenue in the pet food industry and promotes a holistic and health-conscious approach to pet care, making it a substantial driver of growth throughout the pet care market.

Opportunity

Telehealth and Telemedicine create lucrative opportunities for the Pet Care Market

The advantage of telehealth and telemedicine for pets is improved accessibility to veterinary care. These services break down geographical barriers, making it easier for pet owners in underserved or remote areas to access professional guidance. This increased accessibility is particularly valuable in regions where veterinary clinics have been scarce, helping to ensure that pets receive the care they need, regardless of their location. Traditional veterinary visits have been stressful for both pets and their owners. Pets have become anxious or agitated in clinical settings, making it demanding for veterinarians to provide accurate assessments. Telemedicine enables pet owners to access veterinarians from the comfort of their homes, minimizing stress for both pets and owners. This has led to more precise diagnoses and healthier outcomes.

In imperative situations, telemedicine services have been offering immediate access to professional advice. Pet owners have been seeking regulation from veterinarians for issues including poisoning, injuries, or sudden illness, permitting them to take swift action and potentially save their pets' lives. Telehealth and telemedicine have been particularly useful for routine check-ups and follow-up care. Veterinarians have been remotely monitoring a pet's condition, reviewing test results, and providing guidance on ongoing treatment. This has led to improved management of chronic conditions, reducing the need for frequent in-person visits.

Restraint

High cost of Prime-quality Pet Care Services restraints the Pet Care Market Growth

The rising cost of high-quality pet care services has created economic disparities within the pet care market, limiting access for individuals with lower incomes. Pet ownership, while emotionally rewarding, has become financially challenging when it includes premium pet food, veterinary care, grooming, and other high-quality services. For those on a tight budget, this financial burden has led to demanding decisions about their pets' care, potentially impacting their overall health and well-being. As a result, the accessibility of reasonable pet care options becomes decisive in ensuring that pets from all socioeconomic backgrounds obtain the care they require.

The indication of animal-borne diseases, stomach discomfort, and diarrhea highlights the importance of pet hygiene and the potential transmission of illnesses from pets to their owners. Pets with dirty living habits have introduced hygiene issues into households, affecting the overall well-being of both pets and their owners. It underscores the implication of educating pet owners about responsible pet ownership, including the importance of cleanliness and hygiene, to prevent the transmission of diseases and to ensure a healthy and safe living environment for pets as well as their human companions.
Pet Care Market Segment Analysis
Based on Pet Type, the market is categorized into Dog, Cat, Fish, Bird and Others. The dog segment accounted for about 40% of the market share in 2023. The most popular pets are dogs, followed by cats. Dogs are well-known for alleviating anxiety, stress, and depression, as well as loneliness, helping cardiovascular health and encouraging exercise, all of which add to their appeal. People who live in flats and apartments and do not have a yard or porch where their dogs may dwell frequently choose pet furniture. Because of these characteristics, this category is expected to increase market growth.

The cat pet type sector is expected to grow at a quicker CAGR of 5.2% between 2024 and 2030. Cats are the favored form of a pet in high-population-density countries and cities with tiny populations, such as Indonesia and Malaysia, where cat ownership 47 percent and 34 percent, respectively outnumbers dog ownership 10 percent and 20 percent respectively.
Global Pet Care Market, by Pet Type in 2023 (%)


Based on the Product Category, the highest share of the Product Category is linked to the high demand among owners for tasty and healthy food items for their daily feeding needs. According to the European Pet Food Industry Association (FEDIAF), sales of pet food Pets in Europe reached approximately 8,500 million tonnes in 2019. People’s easy access to a range of animal food items results in higher income Petion from this market. The rising commercial settings associated with animal veterinarian care clinics in many nations throughout the world are driving the consumption rate of animal vet-related items, resulting in faster expansion of the veterinary care segment.

According to the MMR analysis, there were over 95,000 veterinary medical groups in the United States in 2019. The increasing public awareness of the importance of health care and cleanliness is expected to fuel segmental expansion.

Other segments, such as pet grooming and hygiene, toys, and so on, are largely driven by rising consumer knowledge of the availability of animal care items. Furthermore, increasing consumption of on-demand video content related to pet grooming and cleanliness is expected to support segmental growth.

During the forecast period, the pet care services sector is expected to expand at the quickest rate. The veterinary clinics sector retained one of the largest market shares in the pet care services category in 2023, owing to the corporatization of veterinary clinics and the formation of veterinary clinic chains that improve access to excellent veterinary services. Furthermore, veterinary clinic investments are expanding, allowing veterinarians to provide advanced therapies to pet owners. Furthermore, several private pet care companies, such as Mars, Inc., are increasing their investments in veterinarian clinics to better serve pet owners.
Estimated Value of Pet Care Market in U. S. in 2030 by Product Type (USD Bn)


Based on the Distribution Channel, the offline segment, including the pet stores and supermarkets, is expected to exhibit the largest share of the global market due to the availability of various pet Pets at these stores. Furthermore, expanding infrastructural setups associated with pet stores are projected to promote the consumption rate of pet items from these stores, consequently supporting segmental expansion. For example, Pet Lovers Centre (PLC), Singapore's largest pet retail chain, opened two additional outlets in the Philippines in October 2019.

The rising popularity of online subscription-based services connected to animal feeding items among pet owners globally is ascribed to the fastest development of an online category. This will drive online Pet sales via subscription-based services, resulting in segmental growth. Companies have now easily track the sales success of several categories of pet items from their e-commerce sites. This helps businesses to expand their operations via the internet channel mode, resulting in segmental revenue growth.
Pet Care Market Regional Insights

North America dominated the Pet care market in 2023 and is expected to continue its dominance over the forecast period. The largest proportion of the North American region is linked to the substantial spending of the Canadian and United States populations on pet care Pets and services, which results in higher revenues from such items from North America. According to statistics from the Government of Canada's Statistical Department, Canadian household expenditure on pet insurance, veterinarian and other associated services reached USD 2,720 million in 2019, up from USD 2,550 million in 2018. The region's substantial number of pet owners' essential for premium quality items for their pets results in higher income creation from such Pets.
Total Number Of Pet Enterprises In United States


The Asia Pacific region's rapid growth has been ascribed to the increasing presence of significant firms such as Mars Incorporated, Nestle S.A., and others in manufacturing sites in countries such as India and China. This is expected to make it easier for enterprises in the Asia Pacific area to supply such items. Nestle S.A., for instance, invested USD 103.2 million in May 2023 to debut its two manufacturing facilities of pet Pets in China. The region's growing middle-class population is expected to drive market expansion.

Due to the enormous presence of infrastructure settings associated with pet stores and veterinarians in the European region, the European region is predicted to develop at a significant rate for the worldwide industry. This is expected to facilitate the provision of large quantities of animal accessories and food Pets to pet owners, therefore encouraging market growth in the region. According to the European Pet Food Industry Association, there were 200,000 doctors and 60,000 specialist pet businesses in Europe in 2019.

The presence of more pet cats in households in countries such as Portugal, Germany and France leads to a higher consumption rate of cat food Pets among such families in the region. According to data published by the Central Association of German Zoological Companies, there were 14.7 million pet cats in German households as of 2019. A significant portion of the South America area is linked to the vast presence of aquaculture-related Petion facilities in countries such as Brazil and Chile, leading to more massive profits from such facilities in the region. According to the Food and Agricultural Organization of the United Nations (FAO), inland water capture Petion output in Brazil reached 0.22 million tonnes in 2018. Increased hygiene and cleanliness awareness among the Middle Eastern and African populations is expected to fuel demand for dog tissues, cat litter, pet deodorizers, and other pet hygiene and grooming-related goods among Middle Eastern and African homes.

Pet Care Market Competitive Landscape

The Competitive Landscape of the Pet Care market covers the number of key companies, company size, their strengths, weaknesses, barriers and threats. It also focuses on the power of the company’s competitive rivals, potential, new market entrants, customers, suppliers and substitute products that drive the profitability of the companies in the Pet Care industry. The global Pet Care markets include several market players at the country, regional and global levels. Some of the key players areAncol Pet Pets Limite, Blue Buffalo Pet Pets Inc, Central Garden & Pet Company, Champion Pet Foods, Heristo AG, Kong Company, Mars Inc., Nestle S.A., Petco Animal Supplies Inc., Petmate Holdings Co., PetSmartInc., The Colgate-Palmolive Company, PetSmart Inc. Many companies have conducted research and development activities to fulfill consumer demand and increase their portfolio. For instance, Ancol launched a new range of sustainable pet beds and accessories made from recycled materials. This range is part of Ancol's commitment to sustainability and reducing its environmental impact. The company also launched a new line of pet food and treats made with natural and healthy ingredients. This range is designed to provide pets with the nutrients they need to stay healthy and active.
Pet Care Market Scope: Inquire before buying



Global Pet Care Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 249.23 Bn.


Forecast Period 2024 to 2030 CAGR:
5.6%
Market Size in 2030:
US $ 364.97 Bn.


 Segments Covered:
by Pet Type
Dog
Cat
Fish
Bird
Others


by Product Category
Pet Food
Pet grooming/boarding
Accessories
Others


by Distribution Channel
Offline
Online



Pet Care Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Pet Care Market Key Players
1. Ancol Pet Pets Limited
2. Blue Buffalo Pet Pets Inc.
3. Central Garden & Pet Company
4. Champion Pet Foods
5. Heristo AG
6. Kong Company
7. Mars Inc.
8. Nestle S.A.
9. Petco Animal Supplies Inc.
10. Petmate Holdings Co.
11. PetSmartInc.
12. The Colgate-Palmolive Company
13. PetSmart Inc.
14. Trupanion
15. Freshpet
16. Zoetis Inc.
17. Mars Incorporated
18. Hill’s Pet Nutrition, Inc.
19. The J.M. Smucker Company
20. Diana Group
Frequently Asked Questions:
1] What segments are covered in the Global Pet Care Market report?
Ans. The segments covered in the Global Pet Care Market report are based on Type, Pet Category, and Distribution Channel.

2] Which region is expected to hold the highest share in the Global Pet Care Market?
Ans. North America is expected to hold the highest share of the Global Pet Care Market.

3] Who are the top key players in the Global Pet Care Market?
Ans. Ancol Pet Pets Limited, Blue Buffalo Pet Pets Inc., Central Garden & Pet Company, Champion Pet Foods, Heristo AG, and Kong Company are the top key players in the Global Pet Care Market.

4] Which segment hold the largest market share in the Global Pet Care market by 2030?
Ans. The dog Care segment hold the largest market share in the Global Pet Care market by 2030.

5] What is the market size of the Global Pet Care market by 2030?
Ans. The market size of the Global Pet Care market is USD 364.97 Bn. by 2030.

6] What was the market size of the Global Pet Care market in 2023?
Ans. The market size of the Global Pet Care market was worth USD 249.23 Bn. in 2023.