Press release
Pet Fitness Care Market Emerging Trends, Global Demand and Top Players 2024
Pet Fitness Care Market
As per the report, the pet fitness care market size has grown rapidly in recent years. It will grow from $6.42 billion in 2023 to $7.06 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The pet fitness care market size is expected to see rapid growth in the next few years. It will grow to $10.47 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%.
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Impact Of Rising Pet Ownership On Pet Fitness Care Market
The rising pet ownership is expected to propel the growth of the pet fitness care market going forward. Pet ownership refers to the act of possessing and caring for domesticated animals, such as dogs, cats, birds, or fish, as companions or for recreational or therapeutic purposes. Pet ownership is increasing due to the desire for companionship, greater awareness of animal welfare, health benefits, social media influence, and better veterinary care. Pet fitness care is integral to providing pets with happy, healthy lives while enhancing the rewarding experience of pet ownership for individuals and families. For instance, in March 2023, according to Veterinary Practice, a UK-based online knowledge and information provider for veterinary professionals, the number of pets in the United Kingdom was 35 million in 2022, marking a rise of 9% compared to 2021. Therefore, rising pet ownership is driving the growth of the pet fitness care market.
Innovative Solutions In The Pet Fitness Care Enhanced Market Growth
Major companies operating in the pet fitness care market are focusing on developing innovative products, such as pet location and activity tracker systems, to enhance pet owners' ability to accurately monitor their pets' health and fitness levels. A pet location and activity tracker system is a device designed to monitor and track a pet's location in real-time using GPS technology, as well as track the pet's activity levels, such as steps taken, calories burned, active hours, and rest time. For instance, in April 2024, Pawfit, a UK-based smart pet tracking solution, launched the Pawfit 3, a compact GPS pet location and activity tracker. This new tracker is lightweight, compact, and robust, designed for outdoor pets. It features real-time GPS tracking, activity monitoring, personalized fitness goals, LED light and soundtracking, voice commands for recall, family sharing, and multi-pet tracking. The Pawfit 3 uses 4G tracking technology, supports iOS 9.0 or above and Android 5.0 or above, and comes with accessories like a collar attachment, charging dock, and USB cable. Additionally, the tracker is IP68 waterproof-rated, making it suitable for use in fresh and saltwater environments. The Pawfit app allows users to track their pet's location, monitor activity history, and set fitness goals, ensuring the safety and well-being of pets.
The pet fitness care market covered in this report is segmented -
1) By Solutions: Products Or Equipment, Software, Services
2) By Pet Type: Dogs, Cats, Other Pet Type
3) By Distribution Channel: Pet Specialty Stores, Online Platforms, Veterinary Clinics
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Major companies operating in the pet fitness care market are PetSmart Inc., Zoetis Inc., Pawsitive Performance LLC, Hill's Pet Nutrition Inc. , Petmate Holdings Co., Mars Petcare US Inc., Petsafe, Tractive GmbH, PetEdge Inc., Ruff Wear Inc., Alltech Inc., Whistle Labs Inc., ZippyPaws LLC, Motivation Design LLC, TRIXIE Heimtierbedarf GmbH & Co. KG, FitPAWS Inc., Frolick Dogs LLC, GoPet LLC, Petco Foundation, PetFusion LLC, Canine Hardware Inc., Blue-9 Pet Products Inc., PetZen Products, Nestlé Purina PetCare Company, FitBark Inc.
Contents of the report:
1. Executive Summary
2. Pet Fitness Care Market Report Structure
3. Pet Fitness Care Market Trends And Strategies
4. Pet Fitness Care Market - Macro Economic Scenario
5. Pet Fitness Care Market Size And Growth
…..
27. Pet Fitness Care Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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