Press release
Pet Care Market Size, Share, Growth, Trends, Segmentation and Regional Analysis by Leading Players as Aller Petfood Llc, Ancol Pet Products Limited, Beaphar, BHJ, Martin & Martin (Pty) Ltd., Earthbath, etc
Pet Care Market
The Global Pet Care Market has observed impressive growth over the years and is projected to capture a steady CAGR of 4.1% over the forecast period of 2017 – 2023, reveals a study by Market Research Future (MRFR).
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Geographically, the global pet care market has been segmented into four major regions such as the Americas, Europe, Asia Pacific, and the Middle East and Africa. The Americas is leading the global pet care market with the largest market share. Presence of developed economies like the U.S. and Canada is contributing to the rapid expansion of pet care market in this region. Rise in trend of companion animals by nuclear families and easy availability of grooming, boarding, and training facilities as a result of rapid technological advancement that is aiding the accessibility of these facilities over online platforms are majorly propelling the growth of the pet care market in this region. Increasing trend of pet-walkers and sitters and availability of high-end pet care products are fueling the growth of the pet care market in the Europe region. Increasing popularity of companion animals and rise in awareness regarding the essential elements of pet care are resulting in the expansion of the pet care market in the Asia Pacific region. Poor economic conditions and low awareness regarding well-being of pets are restraining the growth of the pet care market in the Middle East and Africa region.
Key Players for Global Pet Care Market
The major players profiled by MRFR that are operating in the global pet care market are Aller Petfood Llc, Ancol Pet Products Limited, Beaphar, BHJ, Martin & Martin (Pty) Ltd., Earthbath, J.M. Smucker Company, Nestlé, PetLife LLC and Platinum Pets.
PLATINUM PETS.
In the last few years, Pet Care Market has been experiencing a significant growth in terms of technological advancements and innovation, for instance, PetLife LLC introduced a high-tech pet motion, activity and consumption tracker. This high-tech product is operated via Bluetooth and Wi-Fi.
Competitive Landscape
The global pet care market is highly competitive with the presence of some established players. The growth in the pet care market has attracted many new entrants to the market who are leveraging e-commerce trade to make it big in the industry. The existing players are implementing various strategies such as mergers and acquisitions to expand their existing business and capitalize on the market opportunities.
Industry Updates:
In November 2018, Mars Petcare UK and TerraCycle, an expert in recycling, have collaboratively launched a nationwide pet food packaging recycling program. This program is led by some of the leading pet food brands such as WHISKAS and JAMES WELLBELOVED.
In November 2018, a new line of terpene- and phytocannabinoid-rich hemp cannabidiol (CBD) extract products has been launched, named Smart Hemp CBD, which has been developed under the direction of veterinarians and it aims to provide everyday health benefits to the pets along with relief from anxiety, aggressive behavior, appetite loss, allergies, seizures, inflammation, and arthritis.
In June 2018, a new telemedicine vet care plan was launched in the greater San Francisco area. An endeavor by Fuzzy Pet Health, the new subscription service called the Fuzzy Pet Health connect will let pet owners chat with a vet from their smartphone via the Fuzzy Pet Health mobile app at a subscription charge of 10 dollars per month. It will also allow to exchange pictures and videos to a vet and facilitate access to real-time medical help.
In July 2018, Chewy, an online dealer of pet food and other pet care products entered the pet medications market with the launch of its own online pharmacy. Chewy Pharmacy will allow pet owners to order medications online with the help of a veterinarian prescription.
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Segments for Global Pet Care Market
The global pet care market is segmented into pets and products and services. Based on pets, the pet care market has been segmented into dog care, cat care, and others. The dog care segment commands for the major share in the global pet care market as dogs are the most preferred and popular pets all over the world. Based on products and services, the pet care market has been segmented into pet food, pet healthcare, and others. The pet food segment commands for the lion's share in the global pet care market. The pet healthcare products segment has been sub-segmented into medicines, vaccines, and others. The growth of this segment is majorly contributed by the high demand for home delivery of food products as a result of proliferation in e-commerce websites and online stores.
Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
TOC Continued…
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Statistical Report, Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Us:
Market Research Future
Hadapsar, Pune – 411028
Maharashtra, India
Phone: +1 646 845 9312
Email: sales@marketresearchfuture.com
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