Pet Care Market Growth and Technology Advancement Outlook from 2020 to 2025

Pet Care Market - Growth, Trends and Forecasts (2020 - 2025)

The Global Pet Care market is forecasted to grow at a CAGR of 7.4% during the forecast period (2020-2025).

The report will make detailed analysis mainly on in-depth research on the development environment, Market size, development trend, operation situation and future development trend of Pet Care Market on the basis of stating current situation of the industry in 2020.

- The growing interest in pet humanization coupled with a rise in demand for premiumization in pet care products are some of the factors driving the market growth for Pet care products.

- North America holds a prominent share in the global pet care market. There are significant opportunities remain in the market, despite the increasing maturity and greater competition prevailing in the region.

- Colgate-Palmolive, Nestle S.A (Purina) and General Mills Inc (Bluebuffalo) are some of the pet care manufacturers who are significant share in the global pet care market.

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Latest News and Developments:

July 28, 2020: Purina ONE® is proud to join forces with actor Charles Melton as he shares insights about his recent life-changing pet adoption journey. The brand and Melton hope his story inspires others to adopt, ultimately reducing the number of pets in shelters looking for forever homes.

08/10/2017: Mars Petcare is bringing a new high-protein, grain-free line of food to the pet aisle with its new Crave brand. The brand portfolio includes 12 recipes across dry dog, dry cat and wet cat food.

Competitive Landscape:

The market is highly concentrated with the presence of international brands such as Mars incorporated, Colgate-Palmolive, Nestle S.A (Purina) and General Mills Inc (Bluebuffalo) who are operating in this market. These companies are targeting acquisition as their key strategy in order to consolidate their market share and strengthen their position in the market.

May 2016: Agrolimen acquired Nature's Variety, a manufacturer of pet food, to improve the quality of pet food products by incorporating high-quality ingredients in their products.

Key Market Trends:

Pet Humanization trend is Driving the market

The pet humanization is showing a positive influence on the market growth with rising consumer interest in treating pets as one of their family. Urbanization is forcing people into smaller spaces where larger pets are not economical as their maintenance cost is high when compared to smaller pets. Small pets are much more likely to indulged and humanized than larger pets. Hence, consumers are looking to plug the familial gap with a pet companion. These factors have led to a market place led by small animals such as cats and dogs as indulgent pet owners are happy to spend heavily on ensuring the best quality life which has driven the demand for pet care products. The pet humanization is supporting the market growth with the number of companies investing in R&D in order to creat new interesting products.

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The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the report’s an invaluable resource for industry executives, Marketing, Sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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