Pet Supplies Market to Witness Comprehensive Growth by 2031 - TMR Study

Increase in pet humanization has resulted in the rising sale of pet supplies globally. Pet supplies market take care of pet needs in nourishment, food and safety, exercise, medical attention, bedding, bathing products, and more.

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Key Drivers of the Global Pet Supplies Market

In recent years, increase in pet ownership owing to altering cultural and socioeconomic factors is influencing growth of the pet care and service industry. Changes in consumer lifestyle and rising disposable income have also spurred pet adoption which is expected to drive the demand for pet supplies during the forecast years.

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Pet owners treat their pets (cats, dogs, and even mammals) like their family members. Owners are focusing on indulging and humanizing the small pets much more than large pets. Furthermore, demographic shift toward smaller households has encouraged consumers to plug the familial gap with a feline or canine companion. Additionally, increasing incomes have also encouraged families to indulge in pets and provide more facilities to their pets. This factor is expected to drive the growth of the pet supplies market in the coming years

Market in Asia Pacific to Expand Rapidly

In terms of geography, the global pet supplies market can be divided into five regions North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)

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North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the pet supplies market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the pet supplies market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America pet supplies market is segmented into Brazil, and Rest of South America.

North America and Europe hold majority of share in the global pet supplies market due to rapid rise in number of pet owners and adoption of smart and technologically advanced products in prominent countries such as the U.S, U.K., Canada, France, Germany, Italy, Spain, and various other European countries.

Demand in the Asia Pacific region is estimated to expand at a significant pace compared to other regions in the near future due to increase in awareness about pet care products embedded with high technology etc. in China, India, Japan, Australia, New Zealand, and other Asian countries.

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Key Players Operating in the Global Market

The pet supplies market is fragmented due to the presence of various global, regional, and local players. Players are implementing technological advancements and increasing innovative products to gain competitive advantage in the pet supplies market. Irreplaceable value propositions in product offerings and stable product development is likely to support the growth capability of the market in the coming years.

A few of the key players operating in the global pet supplies market are:

Blue Buffalo Co., Ltd.
Champion Petfoods
Colgate-Palmolive Company
Doskocil Manufacturing Company, Inc. (Pet Mate)
General Mills Inc.
Greenies
KONG Company
Mars, Incorporated
Nestlé
Pet Care Inc.
Petco Animal Supplies, Inc.
Unicharm Corporation

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