Press release
Pet Oral Care Products Market: Future Perspectives and Forecasts for 2031, Envisaging an Upward Trajectory from US$ 2.0 Billion in 2022 to an Estimated US$ 3.6 Billion by 2031
The global pet oral care products market is witnessing significant growth, driven by the increasing awareness among pet owners regarding the importance of maintaining their furry companions' oral health. Let's delve into the comprehensive analysis of the market outlook from 2023 to 2031.Market Overview:
In 2022, the pet oral care products industry was valued at US$ 2.0 billion. It is projected to exhibit a robust CAGR of 6.8% from 2023 to 2031, reaching US$ 3.6 billion by the end of 2031. This growth is attributed to the rising prevalence of dental diseases in pets and the growing emphasis on preventive healthcare measures.
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Key Developments:
Recent key developments in the market include Better Choice's partnership with Aimia Pet Health to develop a GLP1 supplement aimed at combating obesity in dogs and cats. Additionally, Skout's Honor's entry into the pet oral care market with brushless products and Furlicks' introduction of oral strips for dogs and cats highlight the industry's focus on innovation and addressing specific pet health concerns.
Market Segmentation:
The market is segmented based on product type, pet type, application, age group, and distribution channel. Product types include mouthwash/rinse, dental wipes, toothpaste, toothbrush, dental chews, treats, toys, bones, and others. Pet types encompass dogs, cats, and others, while applications range from residential to commercial settings, including veterinary hospitals and pet care centers.
Regional Analysis:
Geographically, the market covers key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. These regions are witnessing increasing pet ownership rates and a growing awareness of pet health and wellness, driving the demand for oral care products.
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Market Drivers and Challenges:
The market is driven by factors such as the rising adoption of pets, growing expenditure on pet healthcare, and the increasing prevalence of dental diseases in pets. However, challenges such as product safety concerns and the availability of counterfeit products may hinder market growth.
Market Trends:
Trends shaping the market include the development of natural and organic oral care products, the integration of innovative delivery systems for better efficacy, and the launch of convenient and easy-to-use oral care solutions for pet owners.
Future Outlook:
The future of the pet oral care products market looks promising, with opportunities arising from the increasing focus on pet wellness and preventive healthcare, the development of personalized oral care solutions, and the expansion of distribution channels to reach a wider consumer base.
Key Market Study Points:
Analysis of market trends and dynamics influencing growth
Assessment of competitive landscape and key market players
Evaluation of consumer preferences and buying behavior
Examination of regulatory frameworks and their impact on market dynamics
Competitive Landscape:
Leading players in the market include Dechra Pharmaceuticals plc, Kane Biotech, Inc. (Bluestem Oral Care), Virbac Group, Nestle S.A (Purina), and others. These companies are focusing on product innovation, strategic partnerships, and geographical expansion to gain a competitive edge in the market.
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