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Digital Pet Care Products and Services Global Market Report 2024 - By Demand, Size, Key Trends, Growth, Outlook By 2033
Digital Pet Care Products and Services Market
Digital Pet Care Products and Services Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $5.24 billion In 2028 At A CAGR Of 8.1% :
The digital pet care products and services market size has grown rapidly in recent years. It will grow from $88.34 billion in 2023 to $97.34 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to humanization of pets, increased awareness of pet health, convenience and accessibility, pet insurance and wellness programs, rising pet ownership .
The digital pet care products and services market size is expected to see rapid growth in the next few years. It will grow to $147.16 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to telehealth and remote veterinary services, focus on mental health and well-being, subscription-based services, personalized nutrition solutions, focus on aging pet population, focus on pet fitness and exercise. Major trends in the forecast period include rise of smart pet products, mobile apps for pet care, iot in pet tracking and monitoring, personalized pet health records, social media influence on pet trends,.
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Digital Pet Care Products and Services Market Major Segments
The digital pet care products and services market covered in this report is segmented -
1) By Type: Pet Food, Pet Care Products, Services
2) By Source: Animal-Based, Plant-Based, Synthetic
3) By Animal: Dogs, Cats, Birds, Fishes, Horses
Key Driver - Increased Pet Adoption Is Fueling The Growth Of The Digital Pet Care Products And Services Market
The increased pet adoption rate is expected to propel the growth of the digital pet care products and services market going forward. Pet adoption refers to the process of acquiring a pet from a shelter or rescue. Pet adoption is contributing to the demand for luxury pet care goods and services to keep them healthy, happy, and safe. For instance, according to the 2021-2022 American Pet Products Association (APPA) survey by the human society of the United States, a US-based non-profit organization, 128.451 million U.S. households have a pet, and 69 million (54%) of US households own at least one dog. Therefore, the increased pet adoption rate is driving the growth of the digital pet care products and services market.
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Prominent Trend - Technological Advancement Drives Growth In The Digital Pet Care Products And Services Market
Adopting internet of things (IoT)-enabled technologies is a key trend gaining popularity in the digital pet care products and services market. Major companies operating in the digital pet care products and services market are adopting IoT-enabled (Internet of things) technology in pet tracking devices to allow pet owners to track the activity and location of their pets seamlessly. For instance, in May 2021, Nestle Purina Australia, an Australia-based pet care products company, launched Nestle Purina CHEKR, a connected smart bowl and accompanying app for pets to assist pet owners with feeding the correct food in the proper portion every time. Nestle Purina CHEKR leverages amazon web services (AWS) IoT analytics, AWS IoT core, and apache solr to connect devices to the cloud and process hundreds of data points to deliver personalized food recommendations.
Digital Pet Care Products and Services Market Players
Major companies operating in the digital pet care products and services market report are Pet Plan Limited, Hartville Group Inc., PetFirst Healthcare LLC, Anicom Holdings Inc., Direct Line Insurance Group plc, Trupanion Inc., Pethealth Inc., BabelBark Inc., Banfield Pet Hospital, Chewy Inc., Hill's Pet Nutrition Inc., PetSmart Inc., Supertails Inc., Wagmo Pet Insurance Agency Inc., Embrace Pet Insurance Agency LLC, Lemonade Insurance Company, American Society for the Prevention of Cruelty to Animals, Petco Animal Supplies Inc., Embark Veterinary Inc., Wisdom Health Genetics LLC, Whistle Labs Inc., AllTrails Inc., PetPlate Inc., BarkBox Inc., NomNomNow Inc., JustFoodForDogs LLC, The Farmer's Dog Inc., Petcube Inc., Pet Poison Helpline LLC, PetHonesty Inc., FitBark Inc., Pet Assure Corp., Petnostics LLC, Pretty Litter LLC, Sure Petcare Limited, Pawscout Inc.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the digital pet care products and services market in 2023. The regions covered in the digital pet care products and services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Digital Pet Care Products and Services Market Report Structure
3. Digital Pet Care Products and Services Market Trends And Strategies
4. Digital Pet Care Products and Services Market - Macro Economic Scenario
5. Digital Pet Care Products and Services Market Size And Growth
…..
27. Digital Pet Care Products and Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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