North America Pet (Equine) Care E-Commerce Market: Growing with a CAGR of 15.41%, Regional Outlook, Consumer Profiles, Development Factors, Business Insights, Industry Trends 

The North America Pet (Equine) Care E-Commerce market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 15.41% in the forecast period of 2021 to 2028 and is expected to reach USD 1,442.72 million by 2028. The factors driving the growth of the pet (equine) care e-commerce market are accessibility and options to choose from a variety of products over the internet on various platforms, growing internet penetration as well as increasing use of smartphones, booming e-commerce industry driving the market growth, growing pet (equine) adoption across the region, rising prevalence of zoonotic diseases, increase in usage of alternative protein ingredients in pet foods.

An increase in animal healthcare expenditure, increase in acquisition partnership and agreement by the key players, a growing number of new product launches, increasing demand for customized pet foods from pet owners may provide opportunities in the growth in the market. While challenges associated with brand equity, increasing adulteration in pet(equine) food products, disruption in supply chain and trade due to COVID-19 possess challenge in the market growth.

Many companies are making strategic decisions such as forming expansion and acquisition to enhance their businesses; hence, the pet (equine) care e-commerce market is proliferating. Equine animals such as horses are considered sports animals, companion animals, and donkeys as working animals as they provide employment and income in many developed and developing countries. According to Equine Business Association (EBA), the US, followed by the UK, is the biggest equine industry in the world. Moreover, around 7 million Americans are directly involved in the equine industry, and more than 2 million are horse owners.

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The North America pet (equine) care e-commerce market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 15.41% in the forecast period of 2021 to 2028 and is expected to reach USD 1,442.72 million by 2028. The factors driving the growth of the pet (equine) care e-commerce market are accessibility and options to choose from a variety of products over the internet on various platforms, growing internet penetration as well as increasing use of smartphones, booming e-commerce industry driving the market growth, growing pet (equine) adoption across the region, rising prevalence of zoonotic diseases, increase in usage of alternative protein ingredients in pet foods.

An increase in animal healthcare expenditure, increase in acquisition partnership and agreement by the key players, a growing number of new product launches, increasing demand for customized pet foods from pet owners may provide opportunities in the growth in the market. While challenges associated with brand equity, increasing adulteration in pet(equine) food products, disruption in supply chain and trade due to COVID-19 possess challenge in the market growth.

Pet (equine) care e-commerce market Scope and Market Size

The North America pet (equine) care e-commerce market is segmented on the based on type and equine type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of type, the pet (equine) care e-commerce market is segmented into Pet Food & Treats, Pet Medications, Pet Grooming. Pet medications segment was estimated to be the most dominating segment due high costs associated with pet (equine) medicines used in routine vet visits and surgical procedures as well as the high penetration of nutritional supplements in the region.
On the basis of equine type, the pet (equine) care e-commerce market is segmented into horses/ponies, donkeys, mules/hinnies, and others. In 2021, the horses/ponies segment is expected to dominate the pet (equine) care e-commerce market due to the growing adoption of horses across the region.
On the basis of geography, the pet (equine) care e-commerce market is segmented into the US, Canada, and Mexico. In 2021, The US is expected to dominate the North America pet (equine) care e-commerce market due to better welfare schemes for equine care.

Pet (equine) care e-commerce market Share Analysis

North America Pet (equine) care e-commerce market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company's focus related to pet (equine) care e-commerce market.

The major companies which are dealing in the pet (equine) care e-commerce market are Mars, Incorporated, Zoetis, ADM Animal Nutrition, Cargill, Incorporated, Central Garden & Pet Company, Purina Animal Nutrition LLC, Hi-Pro Feeds, RunningHorseFeed, Havens Horsefeed, Hallway Feeds, ROYAL HORSE, STAR MILLING CO, Countryside Feed, LLC, The Pure Feed Company Ltd, and Excel Equine Feeds among others domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Many contract and agreement are also initiated by the companies' worldwide which are also accelerating the pet (equine) care e-commerce market. The high nutrient content in the plant-based proteins is increasing the usage of plant-based proteins in the pet food segment and thus, boosting the growth of plant-based proteins in the segment. Moreover, the use of plant-based proteins also reduces the risk of zoonotic disease among animals.

Pet (equine) care e-commerce market Country Level Analysis

The North America pet (equine) care e-commerce market is analysed and market size information is provided by the country, on type and product type.

The countries covered in the pet (equine) care e-commerce market report are the U.S., Canada, and Mexico.

U.S. is dominating the North America pet (equine) care e-commerce market. U.S. is the largest pet care market globally and has the biggest equine population in North America, resulting in value share of the country. The market in U.S. is becoming increasingly competitive, resulting in launch of various new products including nutritional supplements and horse feed.  iMexico is booming as it is an untapped market for equine products sold on online platform. Canada has rich 250 year old horse racing culture which has resulted in excessive demand for horse supplements, leading to high market growth.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Accessibility and Options to Choose from a Variety of products Over the Internet on Various Platforms

The online sales channel for pet (equine) food products is growing rapidly over other sales channels and is also expected to create further growth in the future. This sales channel is increasingly targeting the millennial generation because the internet offers various advantages to pet owners, such as the convenience of choosing products from a variety of other products and also offers customized products.

The North America pet (equine) care e-commerce market also provides you with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the market players' strategy and their geographical presence. The data is available for historic period 2010 to 2019.

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Our analysis assesses market investment centres based on projected demand, returns, and profit margins. By using our market research, our clients may concentrate on the most important investment centres.

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Our research and insights assist our clients in identifying business partners.

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About Data Bridge Market Research (DBMR):

Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.

Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. "Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve."

Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe.

Contact Us

US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email - corporatesales@databridgemarketresearch.com

This release was published on openPR.