Pet Care Market 2019 Sprouting at CAGR 4.1% By Top Pivotal Industry Players - Aller Petfood Llc, Ancol Pet Products Limited, Beaphar, BHJ, Martin & Martin (Pty) Ltd., Earthbath, J.M. Smucker Company

Industry Report “Pet Care Market Research Report – Forecast to 2023” provides a clear picture of the Current Market Scenario which includes past and estimated future size with respect to value and volume, technological advancement, macro economical and governing factors in the market.

Global Pet Care Market - Synopsis

Market Research Future (MRFR) has published a report stating that the global pet care market is marked to expand at a moderate CAGR of 4.1% during the forecast period of 2017-2023.

Increasing popularity of companion animals among the elderly population of developed and developing economies and increasing availability of pet care services at door-step as result of rapid technological advancement are primarily contributing to the growth of the global pet care market during the review period.

Development of GPS enabled, and wireless devices for tracking the location of lost pets and low cost of location tracking devices that are waterproof and can be attached on the collars of pets are some other factors that are propelling the growth of the global pet care market.

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Global Pet Care Market - Key Players

Aller Petfood Llc

Ancol Pet Products Limited

Beaphar

BHJ

Martin & Martin (Pty) Ltd.

Earthbath

J.M. Smucker Company

Nestlé

PetLife LLC

Platinum Pets

Detailed Market Segmentation

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.

Global Pet Care Market - Regional Analysis

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.

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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.

Some Points form Table of Content

1 Introduction

1.1 Definition

1.2 Scope of Study

1.2.1 Research Objective

1.2.2 Assumptions & Limitations

1.2.2.1 Assumptions

1.2.2.2 Limitations

1.3 Market Structure

2 Research Methodology

2.1 Research Process

2.2 Primary Research

2.3 Secondary Research

3 Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Macroeconomic Indicators

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