Dublin, Aug. 22, 2024 (GLOBE NEWSWIRE) -- The "Pet Care Market - Focused Insights 2024-2029" report has been added to ResearchAndMarkets.com's offering.
The Pet Care Market was valued at USD 226.92 billion in 2023, and is expected to reach USD 340.71 billion by 2029, rising at a CAGR of 7.01%.
The global pet care market report consists of exclusive data on 48 vendors. The market is fiercely competitive, featuring major players like Nestle Purina, Mars, Hill's Pet Nutrition, Blue Buffalo, J.M. Smucker Company, PetSmart, Petco, A Place for Rover, Chewy, and Ancol Pet Products, dominating extensive product ranges and global reach. These companies lead in pet food, treats, and healthcare products, leveraging strong brand equity and innovation.
Regional and niche brands also thrive, offering specialized products tailored to local preferences. In pet services, companies like PetSmart and Petco compete with independent groomers and boarding facilities, focusing on personalized customer service and convenience. E-commerce platforms like Amazon and Chewy are pivotal, offering broad product selections and efficient delivery. At the same time, traditional retail outlets remain crucial for immediate access and expert advice on pet care.
The global pet care market exhibits diverse regional dynamics reflecting consumer preferences and market maturity levels. North America is the largest global pet care industry market, driven by high pet ownership rates and significant spending on pet care products and services. This growth is fueled by an Increasing focus on pet health and wellness, premiumization of pet products, and the humanization of pets.
Pet ownership demographics in North America are diverse, with millennials and Generation Z emerging as key consumer segments. These younger pet owners spend more on premium products and services, focusing on their pets' health, wellness, and overall lifestyle. Additionally, the trend of smaller household sizes and increasing urbanization contributes to the demand for pet care services like dog walking, grooming, and boarding.
Europe emphasizes sustainability, focusing on natural and eco-friendly pet products, driven by a growing market for organic pet foods and biodegradable accessories. Europe represents a significant global pet care industry market, characterized by a growing population of pet owners and increasing expenditures on pet-related products and services. Countries like Germany, the UK, France, and Italy are among the largest markets within Europe, each contributing to the region's overall growth.
Increasing Mobile Pet Grooming Services & Enrolment for Grooming And Expos
The global pet care market is witnessing a significant uptick in mobile pet grooming services and participation in grooming expos. Mobile grooming services offer unparalleled convenience by bringing professional grooming directly to the pet owner's home, alleviating the stress and logistical challenges of transporting pets to grooming salons. These services are particularly beneficial for pets who experience anxiety or stress in unfamiliar environments, as the home setting provides a more comfortable and familiar atmosphere.
Mobile grooming vans have state-of-the-art grooming tools and amenities, allowing groomers to deliver high-quality services comparable to those in traditional salons. This trend is also reflected in the growing enrolment in grooming expos and training programs, which provide platforms for professional groomers to enhance their skills, network with peers, and stay updated on the latest industry innovations.
For instance, companies like PetSmart and Wag'n Tails are expanding their mobile grooming fleets, responding to the rising consumer demand for at-home pet care solutions. Events like Groom Expo West and Intergroom attract thousands of professionals and enthusiasts, highlighting the burgeoning interest in pet grooming education and innovation.
Increasing Technological Integration
Technological advancements are revolutionizing the pet care industry, integrating many innovations that enhance pet safety, health monitoring, and overall care. Smart collars, health monitoring apps, pet cameras, and automated feeders are becoming essential for modern pet owners. These technologies allow owners to track their pets' location, monitor their health and activity levels, and even interact with them remotely, ensuring that pets receive consistent care and attention even when their owners are away. For example, the Fi Smart Dog Collar provides real-time GPS tracking and activity monitoring, alerting owners if their pet leaves a designated safe area, thus preventing potential accidents or loss.
Additionally, apps like Petcube enable owners to engage with their pets through interactive cameras and treat dispensers, allowing them to play with and monitor their pets from anywhere. This technological integration enhances the quality of pet care and provides peace of mind to pet owners, knowing they can always stay connected to their pets. Furthermore, innovations such as automated feeders and water dispensers ensure that pets have access to food and water on a regular schedule, promoting better health and well-being.
Rise in Pet Ownership
The rise in pet ownership is a significant driver of growth in the global pet care market. This increase can be attributed to various factors, including changing social dynamics, increased urbanization, and the growing recognition of the benefits of pet companionship. More households welcome pets as integral family members, driven by the desire for companionship, emotional support, and the health benefits of pet ownership. Pets are known to reduce stress, increase physical activity, and provide emotional comfort, making them popular among individuals and families seeking to enhance their quality of life.
The COVID-19 pandemic also boosted pet ownership as people sought companionship and emotional support during extended periods of isolation and remote work. This rise in pet ownership has increased demand for a wide range of products and services, including food, grooming, veterinary care, and accessories. Companies like Mars Petcare and Nestle Purina PetCare have seen significant market growth, reflecting the expanding customer base driven by higher pet ownership rates globally.
Skilled Labor Shortage
The pet care market faces a notable skilled labor shortage, which impacts the quality and availability of services such as grooming, veterinary care, and training. The demand for experienced and qualified professionals in these areas often exceeds supply, leading to longer service wait times and increased pressure on existing staff. This shortage is exacerbated by the specialized skills required in the industry, including knowledge of animal behavior, health, and proper handling techniques.
For instance, the grooming sector faces challenges in recruiting trained groomers who can handle various breeds and styles. Companies like Banfield Pet Hospital and VCA Animal Hospitals have invested in training programs and partnerships with veterinary schools to address this shortage, but the gap remains significant. The skilled labor shortage affects service delivery employee retention and job satisfaction, as overworked staff may experience burnout and high turnover rates.
KEY QUESTIONS ANSWERED:
- How big is the global pet care market?
- What is the growth rate of the global pet care market?
- Which region dominates the global pet care market?
- Who are the major global pet care market players?
- What are the key drivers of the global pet care market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 155 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $226.92 Billion |
| Forecasted Market Value (USD) by 2029 | $340.71 Billion |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
COMPETITIVE LANDSCAPE
Key Vendors
- A Place for Rover
- Ancol Pet Products
- Blue Buffalo
- Chewy
- Hill's Pet Nutrition
- J.M. Smucker Company
- Mars
- Nestle Purina
- Petco
- PetSmart
Other Prominent Vendors
- A Very Important Pet
- Aller Petfood
- American Boarding Kennels
- Beaphar
- BHJ
- Bob Martin
- Camp Bow Wow
- Country Paws Boarding
- Diamond Pet Foods
- Earthbath
- Freshpet
- Fromm Family Foods
- Fur Frenzy Pet Spa
- Halo
- Hartz
- Just For Pets
- Kennel Club USA
- KONG
- Kriser's
- Oscar's Pet Resort
- Outward Hound
- Partner in Pet Food
- Pet Palace
- PetBecker
- Petmate
- Pets at Home
- PetSafe
- Petsfolio
- PetSuites
- Preppie Pooch
- Rosewood Pet Products
- Rush Direct
- saturn petcare
- Spectrum Brands
- Swifto
- The Zuri Pet Spa
- United Petfood
- Zooplus
SEGMENT ANALYSIS
By Product
- Food Type
- Toys & Clothing
- Housing & Bedding
- Pet Hygiene & Care Products
- Others
By Food Type
- Dry Food
- Wet Food
- Treats & Snacks
- Others
By Pet Services
- Grooming
- Boarding
- Others
- By Grooming
- Bath & Dry
- Hair & Skin
- Nail & Paws
- Eye, Ear, & Teeth
- Others
- By Boarding
- Short-term
- Long-term
By Pet
- Dog
- Cat
- Others
By Distribution Channel
- Offline
- Online
By Geography
North America
- The U.S.
- Canada
Europe
- Germany
- The U.K.
- France
- Italy
- Spain
APAC
- Japan
- China
- India
- Australia
- South Korea
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- Turkey
- South Africa
- Saudi Arabia
For more information about this report visit https://www.researchandmarkets.com/r/7mvwox
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
