San Francisco, CA - Pet Care Market size is expected to
reach USD 202.6 billion by 2025. The increasing demand for pet care products
including food products, accessories, and pharmaceuticals, rising adoption of
pets and grooming & boarding services are some of the major factors
estimated to drive the market growth. Technology advances in boarding, training
facilities and grooming are feasible to the pet owners. The market size is
anticipated to grow at a CAGR of 4.9% in the upcoming period.
In the market, several technologies do exist for pet health
and nutrition such as pedometers, computerized feeders, and others. Animal
nutrition and health are the most important factors of key players in the
market due to an increasing use of pet care products and services. Major
products and services in pet care are medical devices, nutritional supplements,
vaccines & medicines, pet supplies, diagnostics, veterinary, and the other
services. Therefore, extensive use of these products is expected to boost the
market growth in the next couple of years.
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Rising adoption of pet and growing preference of pet owners
regarding pet care are some factors expected to propel the segment growth. The
factors that play an important role in the growth of pet care market include
increasing demand, growing population, increasing urbanization &
industrialization, increasing demand for pet care products, growing demand for
pet tracking & monitoring devices, rising emphasis on pet care health &
nutrition, increasing pet population, rising trend of pet care to home,
technological advancement in pet care and increasing disposable income. Moreover,
rising adoption of pets and growing demand for premium care products are main
factors driving the growth of market in the years to come.
North America has been at the forefront with regards to pet
care market and will continue to rule the roost in the years to come. The
growing number of pet owners, rising adoption of pets, increasing awareness
about good veterinary health, rising governmental animal healthcare
organizations and increasing animal healthcare expenditure are the major
factors expected to boost the growth of the market in this region. On the other
hand, Asia Pacific is expected to hold the highest market share in the
forthcoming period. India is anticipated to witness lucrative growth rate over
the next years owing to increasing pet’s adoption and rising disposable income.
The key players contributing to the robust development of
the pet care market include PetSmart Inc., Nestle, PetCo Animal Supplies Inc.,
Just for Pets, Aller Petfood LLC, Ancol Pet Products Limited, Zoetis, Martin
& Martin Ltd., J.M. Smucker Company, PetLife LLC and Platinum Pets. These
market players are focusing on inorganic growth to sustain themselves amidst
fierce competition. As such, mergers, acquisitions, and joint ventures are the
need of the hour.
Regional Analysis For
Pet Care Market:
For comprehensive understanding of market dynamics, the
global Pet Care Market is analyzed across key geographies namely: North
America, Europe, Asia-Pacific, Latin America and Africa. Each of these regions
is analyzed on basis of market findings across major countries in these regions
for a macro-level understanding of the market.
Significant Features
that are under Offering and Key Highlights of the Reports:
1
Detailed overview of Pet Care Market
2
Changing market dynamics of the industry
3
In-depth market segmentation by Type,
Application etc
4
Historical, current and projected market size in
terms of volume and value
5
Recent industry trends and developments
6
Competitive landscape of High-Performance Alloys
Market
7
Strategies of key players and product offerings
8
Potential and niche segments/regions exhibiting
promising growth.
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Insights, Download Brochure @ https://www.millioninsights.com/industry-reports/pet-care-market
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