Pet Care Products Market Exclusive Overview Report | 2024-2031

Pet Care Products Market to reach over USD 212.17 billion by the year 2031 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Pet Care Products Market Size, Share & Trends Analysis Report By Pet Type (Dog, Cat, Fish, Bird), By Type (Product, Food), Region, Market Outlook And Industry Analysis 2031"

The global pet care products market is estimated to reach over USD 212.17 billion by 2031, exhibiting a CAGR of 4.8% during the forecast period.

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Pet care products encompass a wide range of items designed to support pets' health, well-being, and grooming needs. These products are intended for various types of animals, including dogs, cats, birds, fish, small mammals (like rabbits and hamsters), reptiles, and more. The key growth drivers are the tendency toward humanizing pets and rising consumer expenditure in the household and pet care sectors. As they are simpler to personalize and spoil than larger creatures, people also adopt small pets (cats, dogs, etc.). Many are prepared to pay extra since their pets deserve the best care. This has increased demand for pet care supplies like feeders, bowls, and waterers. Because of COVID-19's effects, many individuals were obliged to stay at home for a long time, either because of orders to shelter in place or recommendations to work from home. Pet shelters saw an uptick in adoptions and fostering shortly following this rise in hometime. However, cultural changes are to blame for the majority of the expansion. As millennial and Generation Z consumers have reached adulthood, they have more fully embraced their lives as pet owners and lovers than their forebears.
Additionally, there is a clear desire among pet owners to understand more about problems with pet health. They are advocating for preventive care for companion animals. Responsible pet ownership has therefore grown in popularity over the past few years. Furthermore, this is a significant trend propelling the sale of pet care products and, consequently, the pet care business. Additionally, people are changing their lifestyles to reduce the ecological footprint of daily life, including pet products. Most pet accessories are created from more environmentally friendly and recyclable materials.
List of Prominent Players in the Pet Care Products Market:
• Ancol Pet Products Limited
• Blue Buffalo Co., Ltd
• Champion Petfoods LP;
• Hill's Pet Nutrition, Inc.
• Mars, Incorporated
• Nestle Purina PetCare
• Petmate Holdings Co
• Saturn Petcare GmbH
• Tail Blazers
• The Hartz Mountain Corporation

Market Dynamics:
Drivers-
The rising need for various pet care items, such as activity tracking collars, has increased recently, especially from the millennial or Gen Y age to measure their pet's agility and to play sports, which supports the market growth. This is in addition to the need for pet food and grooming products. Additionally, the growth of middle-class households and increased disposable money have improved pet owners' willingness to invest in high-quality pet supplies. As a result, one of the factors boosting the market expansion for pet care goods is the growing interest in pet humanization. More owners have brought pets into their homes due to isolation and pandemic limitations worldwide, further driving this.

Challenges:
Strict regulatory standards and recommendations for temperature-controlled storage and transit may constrain the healthcare cold chain logistics industry. Logistics providers must adhere to rules like Good Distribution Practices (GDP) and Good Manufacturing Practices (GMP) to guarantee the quality and safety of pharmaceutical products across the supply chain. Since non-compliance can result in fines and penalties, this can be difficult for logistics companies.

Regional Trends:
The North American pet care products market is expected to register a major market share. The region's rising healthcare spending and the demand for biopharmaceutical products fueled the market. The area needs pet care goods and services due to the growing demand number of pet owners and high disposable incomes. Besides, Asia Pacific had a substantial share of the market. Due to the region's quick economic growth and increased disposable income, which are anticipated to increase consumer spending on pet care goods, the Asia Pacific pet care business is predicted to rise quickly. Elements contributing to the regional market growth include increasing pet ownership and expenditure on pet care items.

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Recent Developments:
• In December 2021- The Medium Slicker Head Brush, Double-Sided Bath Pin Brush, and Double-Sided Flex Slicker Brush are a few of the new high-end dog grooming tools Wahl Animal will start selling.
• In October 2020- Armitage Pet Care Ltd., a business specializing in high-end pet treats and toys, was purchased by Spectrum Brands Holdings, Inc. With this acquisition, the company's customer base, capabilities, and reach were all increased by adding pet-related products.
Segmentation of Pet Care Products Market-
By Pet Type
• Dog
• Cat
• Fish
• Bird
• Others
By Type
• Product
o Pet Litter
o Pet Grooming Products
o Fashion, Toys, and Accessories
• Food
o Dry Food
o Wet/ Canned
o Treats/ Snacks
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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