Press release
Pet Care E-commerce Global Market Report 2024 - By Demand, Size, Share, Growth, Forecast To 2033
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company offers in-depth market insights through Pet Care E-commerce Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The pet care e-commerce market size has grown rapidly in recent years. It will grow from $27.87 billion in 2023 to $31.31 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to increasing pet ownership, urbanization, growing use of the Internet and smartphones, shifts in lifestyle, increasing awareness of pet health.
The pet care e-commerce market size is expected to see rapid growth in the next few years. It will grow to $49.05 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to adoption of subscription-based services, rise of automation, increasing preference for environmentally friendly pet care, growth in online veterinary consultations, globalization of e-commerce. Major trends in the forecast period include health monitoring wearables, virtual pet adoption, pet food subscription services, innovative packaging, DIY pet grooming kits.
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Market Segmentation:
The pet care E-commerce market covered in this report is segmented -
1) By Product: Pet Grooming Products, Pet Food, Medications (OTC/Supplies), Other Products
2) By Animal Type: Canine, Feline, Crawler, Other Animals
3) By Application: Fungal Infections, Digestive Problems, Other Applications
Major Driver - Surge In Pet Adoptions Ignites Growth In Pet Care E-Commerce
The rising pet adoption rate is expected to drive the pet care e-commerce market. Pet adoption refers to shelters and rescues full of loving, spayed or neutered, vaccinated, and trained pets who are just waiting to meet you. Pet care brands are upping their marketing game and expanding their e-commerce presence to connect with consumers. For instance, in July 2022, according to the American Society for the Prevention of Cruelty to Animals, a US-based non-profit organization, only 3.2 million of the roughly 6.5 million animals that enter shelters each year are adopted. Further, in July 2022, according to the Humane Society, an India-based animal protection organization, every year, 31% of cats and 28% of dogs are adopted from shelters. Therefore, rising pet adoption is driving the growth of the pet care e-commerce market.
Competitive Landscape:
Major companies operating in the pet care e-commerce market report are Walmart Inc., Amazon.com Inc., Nestlé S.A., Colgate-Palmolive Company, Chewy Inc., Zoetis Inc., PetSmart Inc., Petco Health and Wellness Company Inc., Pet Supplies Plus LLC, Blue Buffalo Company Ltd., PETstock Pty Ltd, BarkBox Inc., PetMed Express Inc., Groomers Delight LLC, Champion Petfoods LP, Dover Saddlery Inc., SmartPak Equine LLC (SmartPAK), NomNomNow Inc. HealthyPets Inc., Revival Animal Health Inc., PetFlow LLC, TABcom LLC, Ancol Pet Products Limited, Ollie Pets Inc., Spot & Tango LLC, Wild One Holdings LLC The Pawfect Box Ltd., CatLadyBox LLC, PetPlate Inc., Doskocil Manufacturing Company Inc.
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https://www.thebusinessresearchcompany.com/report/pet-care-e-commerce-global-market-report
Top Trend - AI-Powered Smart Pet Doors Redefine Pet Ownership Experience With Personalized Access Control
Major companies operating in pet care E-commerce market are developing innovative products by using advanced technologies such as AI-powered facial recognition technology to better serve the customers with advanced features. AI-powered facial recognition technology utilizes machine learning to perform facial recognition and only opens when it identifies a familiar pet's face. For instance, in June 2022, Petvation, a US-based technological solution provider, launched an AI-based smart pet door by using AI-powered facial recognition technology. AI-powered smart pet doors allow pet owners to set customized access rules. This can include specific entry and exit times, restricting access to certain pets, or creating personalized access schedules for individual pets.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pet Care E-commerce Market Characteristics
3. Pet Care E-commerce Market Trends And Strategies
4. Pet Care E-commerce Market - Macro Economic Scenario
5. Pet Care E-commerce Market Size And Growth
…..
27. Pet Care E-commerce Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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