Pet Care Market Analysis, Growth Scenarios and Outlook (2019-2025)| Nestle, Just for Pets, PetSmart Inc

High spending on pets in key regions such as North America is prophesied to help the global pet care market to expand in the coming years. This is particularly observed in the US where people consider pets such as dogs and cats as a part of their family. According to a press release by the American Pet Products Association in March 2019, Americans spent a record-breaking high of $72.56 Bn on pet care in 2018. This was a 4% jump from the US pet care spending in the previous year. The annual industry-wide pet care spending figures for the US covered live animal purchases, veterinary care, OTC medications, pet food, and other services.

Pet Care Vendors to Make Strategic Collaborations to Achieve Steady Growth

Pet care vendors are expected to maintain steadiness in the global market with the adoption of strategic initiatives and collaborations. Regional expansion could be another tactic that vendors are anticipated to consider for strengthening their position in the global market. Some of the leading vendors included in the report are PetSmart Inc., Petco Animal Supplies, Inc., Nestle, Just for Pets, and Ancol Pet Products Ltd.

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By Pet Type

● Dog

● Cat

● Fish

● Bird

By Product

● Pet Food

● Veterinary Care

● Supplies and OTC Medications

● Live Animal Purchase

● Grooming and Boarding Services

High preference for the adoption of dogs over that of other pets is predicted to help the dog segment to collect a significant share of the global pet care market. Dogs are mostly preferred as a pet because of their intelligence, loyalty to owners, and ability to understand human behavior and emotions. Among products, pet food is projected to account for a remarkable market share due to factors such as the rising demand for home delivery of pet foods and increasing disposable income of pet owners.

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