Imphal News Flash

Pet Care Market Size Worth $202.6 Billion By 2025 Owing To Growing Demand For Premium Care Products | Grand View Research, Inc.

 Breaking News
  • No posts were found

Pet Care Market Size Worth $202.6 Billion By 2025 Owing To Growing Demand For Premium Care Products | Grand View Research, Inc.

April 13
05:10 2021
Pet Care Market Size Worth $202.6 Billion By 2025 Owing To Growing Demand For Premium Care Products | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, the growing awareness regarding the adoption of pets, rising concern about pet health, and increasing pet humanization are a few of the major factors fueling the pet care market. Moreover, on the account of COVID-19, the pandemic has given rise to pet adoption which has given a boost to the pet care industry.

The global pet care market size is expected to reach USD 202.6 billion by 2025 at a CAGR of 4.9% over the forecast period. The pet care industry is expected to be driven by high demand for pet products, grooming services, and a global increase in pet adoption. Pet adoption and pet-loving lifestyles are becoming increasingly common with consumers. This trend is more prominent in generation Z and millennial consumers to some extent. Millennials prefer dogs and cats over children until they are more stable in their lives. As a result, consumers are opting for a canine friend to fill the maternal void.

The pet care market has developed into a multi-billion-dollar industry, thanks to the introduction of pet care centers and the launch of virtual services to help people train their pets. Despite extreme financial pressure or economic instability, the pet care industry continues to expand, with a rising number of pet owners placing a higher priority on their pet’s health and welfare than on their own. Furthermore, the recent technological advancements have made it easier for pet owners to interact with their canine companions. 

Pet Care Market Report Highlights

 Based on the type, dogs held the largest market share accounting for 39.79% of the pet type segment in 2016. This is due to an increase in the adoption of dogs and the health benefits associated with them.

Cats segment held a significant market share in the type segment in 2016 and is expected to grow at a CAGR of around 4.7% during the forecast period.

On the basis of product, the pet food segment dominated the pet product segment in 2016 and is anticipated to maintain its dominance with a CAGR of 4.6% over the forecast period. In addition, the grooming and boarding facilities is growing at a significant growth rate of 5.9% over the forecast period owing to the rise in the adoption of pet and growing preference of pet owners regarding pet care.

North America region dominated the global pet care industry in 2016 owing to the growing number of pet owners along with increasing awareness about good veterinary health in the region.

In February 2020, Nestlé launched Unleashed, a new accelerator program in pet care. The program aims to identify and support dynamic and creative start-ups that integrate science and technologies into innovative products and services for pets.

Ask for Sample Pages @ https://www.grandviewresearch.com/industry-analysis/pet-care-market/request/rs1

Pet Care Market Segmentation

Grand View Research has segmented the global pet care market on the basis of type, products and region:

Pet Care Type Outlook (Market Revenue in USD Million, 2014 – 2025)

     Dog
     Cat
     Fish
     Bird

Pet Care Product Outlook (Market Revenue in USD Million, 2014 – 2025)

     Pet Food
     Veterinary Care
     OTC/Supplies
     Live Animal Purchase
     Pet Boarding/Grooming

Pet Care Regional Outlook (Revenue, USD Million, 2014 – 2025)

     North America
        • The U.S.
     Europe
        • Germany
        • U.K.
    • Asia Pacific
        • India
        • Japan
    Latin America
        • Brazil

List of Key Players of Pet Care Market

    • PetSmart, Inc.
     PetCo Animal Supplies, Inc.
    • Nestle
     Ancol
    • Just for Pets

Speak to Analyst @ https://www.grandviewresearch.com/inquiry/5031/ibb

Browse More Related Report:

Pet Sitting Market Size, Share & Trends Analysis Report By Application (Dog Care Visits, Dog Walking, Pet Transportation), By Pet Type (Dogs, Cats, Fish, Cage Pets), By Region, And Segment Forecasts, 2020 – 2027

Pet Grooming Services Market Size, Share & Trends Analysis Report By Services (Bathing & Brushing, Nail Trimming), By Application (Household, Commercial), By Region, And Segment Forecasts, 2020 – 2027

About Grand View Research

Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/pet-care-market


Warning: count(): Parameter must be an array or an object that implements Countable in /home/indoreonlinejour/imphalnewsflash.in/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share