San Francisco, 24
January, Pet Care Market Size, Share & Trends Analysis Report By Pet Type
(Dog, Cat, Fish, Bird), By Products, Competitive Landscape, And Segment
Forecasts, 2018 - 2025 .
The
global pet care market is expected to reach USD 202.6
billion by 2025, according to a new report by Grand View Research, Inc. Rise in
the adoption of pets and growing demand for premium care products are few
factors expected to drive market growth.
Advances in technology are making boarding,
grooming, and training facilities more easily accessible to the owners.
According to Wakefield Research, 69% of millennials are likely to use
technology to keep track of their pets. Apps are allowing owners to monitor
health habits, nutritional intake, and playtime. Built-in calendars alert owners
to routine care provided by pet care services companies. More millennials and
others are embracing the latest innovations in technology related to caring for
their pets, including pet cams and automated feeders
Mobile device apps such as Wag and DogVacay
help owners conveniently connect with pet walkers and sitters. Finding Rover
uses facial recognition to unite lost pets and their owners. The services
industry can anticipate continued innovation.
Enticed by lower start-up costs than
maintaining a brick-and-mortar business, more groomers are getting into mobile
grooming on their own or through franchises. Mobile groomers typically
advertise through veterinary offices and local pet shops.According to estimates
of the American Pet Products Manufacturers Association, Americans will spend
USD 5.4 billion on pet grooming and boarding services in 2017.
Larger services providers such as retailers
PetSmart and PETCO run regular marketing campaigns through use of print,
broadcast, digital, and social advertising platforms. Smaller providers rely on
word-of-mouth. Mobile groomers advertise with company vans and promote their
businesses through retailers and veterinarians.
Access Full Research Report On Pet Care Market Analysis:
Further key findings from the report suggest:
·
The global pet care market size
was estimated at USD 131.7 billion in 2016 and is expected to grow with CAGR of
4.9% from 2016 to 2025
·
Based on type, dogs held the
largest market share owing to increase in the adoption of dogs and health
benefits associated with them.
·
Cats are anticipated to witness
lucrative growth over the forecast period. Cats help reducing stress and
anxiety, decrease risk of stroke and require less training.
·
The pet food segment was
estimated to be the largest product segment due to growing demand for premium
food products and natural & organic products.
·
Boarding and grooming services
segment is anticipated to witness fastest growth over the forecast period owing
to advances in technology, making boarding, grooming, and training more easily
accessible for the owners
·
U.S. held the largest share in
market in 2016 due to rising animal healthcare expenditure and growing
awareness of animal health in the country.
·
India is anticipated to witness
lucrative growth over the next decade due to increase in adoption of pets and
rising disposable income.
·
Some of the key players
including PetSmart Inc., PetCo Animal Supplies, Inc., Nestle, Just for Pets and
Ancol dominated the pet care market in 2016.
Browse More Reports Of This Category By Grand View
Research At: www.grandviewresearch.com/industry/consumer-goods
Grand View Research has segmented the
global pet care market on the basis of type, products and region:
Type Outlook (Market Revenue in USD Million, 2014 - 2025)
·
Dog
·
Cat
·
Fish
·
Bird
Product Outlook (Market Revenue in USD Million, 2014 -
2025)
·
Pet Food
·
Veterinary Care
·
OTC/Supplies
·
Live Animal Purchase
·
Pet Boarding/Grooming
Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o U.S.
·
Europe
o Germany
o UK
·
Asia Pacific
o India
o Japan
·
Latin America
o Brazil
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-pet-care-market
www.grandviewresearch.com/press-release/global-pet-care-market
About Grand View
Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more
information: www.grandviewresearch.com/
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