Global Pet Care Market to record $ 269.9 Bn by 2025

February 21, 2020


According to a recent study titled ‘Pet Care Market Size By Type (Pet Food {Nutritional, Medicated}, Pet Care Products {Veterinary Care Products, Supplies/OTC Medications}, Services {Pet Grooming/Boarding, Live Animal Purchase), By Animal (Dogs, Cats, Birds, Fishes, Horses), By Distribution Channel (Stores, E-commerce) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Austria, Belgium, Czech Republic, Hungary, Netherlands, Poland, Portugal, Romania, Sweden, Switzerland, Ukraine, Greece, Japan, China, South Korea, India, Australia, Philippines, Brazil, Mexico, Argentina, South Africa, Saudi Arabia), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025’ available with Market Study Report LLC, the global pet care market is anticipated to surpass USD 269.9 billion by the year 2025.
 

Rising prevalence of zoonotic diseases in pets is the key factor fueling the demand for pet care products. These diseases are transferred from animals to humans through direct contact. The effects of these diseases vary from mild symptoms to lethal repercussions which might result in death. In several instances, bacteria like salmonella infects animal feed, hence becoming a threat for pets and humans simultaneously. Rising demand for pet medications, coupled with surging adoption of protein-rich diet for pet animals will stimulate the pet care market growth in the forthcoming years.
 

However, several strict regulations pertaining to pet-keeping in China might hinder the growth of pet care industry. Citing an instance, Beijing’s federal regulators have banned the adoption of more than one pet dog in nine districts. Moreover, small disposable incomes, along with primitive pet healthcare scenario across emerging nations will further restrain the market share.  
 

In terms of distribution channels, pet care market from stores segment was worth USD 130,216.3 million in 2018 and is expected to witness exponential growth over the coming years. This growth can be contributed to rising pet care spending along with growing demand for generic, natural, and premium pet food.
 

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Considering the regional landscape, UK pet care market registered a revenue of USD 4,937.1 million in 2018 and is anticipated to gain substantial traction over the analysis timeframe. The regional growth can be attributed to amplifying pet adoption, in consort with the availability of supportive pet insurance policies in the country.
 

Some major contenders of pet care market are Petmate Holdings Co., Heristo AG, The Colgate-Palmolive Company, Champion Pet Foods, Blue Buffalo Pet Products, Inc., Mars, Inc., Ancol Pet Products Ltd., Nestle S.A., Petco Animal Supplies, Inc., and PetSmart, Inc.


Frequently Asked Questions (FAQ) :

Rising prevalence of zoonotic diseases in pets is the key factor fueling the demand for pet care products. These diseases are transferred from animals to humans through direct contact. The effects of these diseases vary from mild symptoms to lethal repercussions which might result in death. In several instances, bacteria like salmonella infects animal feed, hence becoming a threat for pets and humans simultaneously. Rising demand for pet medications, coupled with surging adoption of protein-rich diet for pet animals will stimulate the pet care market growth in the forthcoming years.
Several strict regulations pertaining to pet-keeping in China might hinder the growth of pet care industry. Citing an instance, Beijing’s federal regulators have banned the adoption of more than one pet dog in nine districts. Moreover, small disposable incomes, along with primitive pet healthcare scenario across emerging nations will further restrain the market share.
UK pet care market registered a revenue of USD 4,937.1 million in 2018 and is anticipated to gain substantial traction over the analysis timeframe. The regional growth can be attributed to amplifying pet adoption, in consort with the availability of supportive pet insurance policies in the country.
Some major contenders of pet care market are Petmate Holdings Co., Heristo AG, The Colgate-Palmolive Company, Champion Pet Foods, Blue Buffalo Pet Products, Inc., Mars, Inc., Ancol Pet Products Ltd., Nestle S.A., Petco Animal Supplies, Inc., and PetSmart, Inc.