The Global Pet Care Market Booms with Higher Pet Ownership, the Market Revenue to Hit $340.71 Billion by 2029 - Arizton

According to Arizton's latest research report, the global pet care market [https://www.arizton.com/market-reports/pet-care-market] is growing at a CAGR of 7.01% during 2023-2029.

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Report Scope

Market Size (2029): $340.71 Billion

Market Size (2023): $226.92 Billion

CAGR (2023-2029): 7.01%

Historic Year: 2020-2022

Base Year: 2023

Forecast Year: 2024-2029

Market Segmentation: Product, Food Type, Pet Services, Grooming Services, Boarding Services, Pet, Distribution Channel, and Geography

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The global pet care market is experiencing robust growth, driven by increasing pet ownership, higher disposable incomes, and a growing focus on pet health and wellness. This expansion is especially prominent in emerging markets in Asia and Latin America. Major global players such as Mars Petcare, Nestle Purina, Hill's Pet Nutrition, and Royal Canin lead the market, benefiting from extensive product ranges and strong brand recognition that help them maintain substantial market shares. Pet care preferences and spending habits vary significantly by region. There is a strong demand for premium and organic products in North America and Europe. Conversely, emerging markets in Asia and Latin America are seeing rapid growth in basic pet care products as pet ownership rates rise.

Integrating technology into pet care-through smart pet products, wearable devices, and telehealth services-is a notable global trend. These innovations enhance the convenience and effectiveness of pet care, appealing to tech-savvy consumers worldwide. There is also an increasing demand for sustainable and eco-friendly pet care products. Consumers seek environmentally friendly options, such as biodegradable waste bags, sustainable food, and eco-friendly toys. The rise of e-commerce has significantly transformed the global pet care market, making it easier for consumers to access a wide array of products. Online platforms are now crucial for reaching a broader audience and providing added convenience for pet owners.

Key Development

As of April 30, 2024, petsmart has been actively expanding consumer access to sustainable products and programs. With a significant percentage of pet parents eager to make a positive environmental impact, petsmart leverages its market position to bridge the gap between niche and mainstream sustainability offerings. Collaborating with a west paw, petplate, and jeracycle, petsmart aims to make purpose-driven brands more accessible and engage pet parents in sustainable practices. Joanne Dwyer, vice President of corporate social responsibility and corporate communications, emphasized the importance of partnerships in achieving their sustainability goals. This expansion can significantly enhance consumer engagement and loyalty, positioning petsmart as a leader in the market and pushing competitors to adopt similar strategies to meet the rising demand for sustainable products.

Offline Distribution Channel to Boom in the Pet Care Market

Traditional brick-and-mortar stores, including pet specialty shops, supermarkets, and hypermarkets, remain a significant component of the pet care market. Major retailers such as Petco, PetSmart, and Walmart provide many pet products and services.

These offline channels offer a tactile shopping experience, allowing consumers to examine products and receive in-person advice from knowledgeable staff physically. This is particularly valuable for items like pet food, grooming supplies, and healthcare products.

Pet specialty stores often enhance their appeal by offering additional services such as grooming and training, creating a comprehensive one-stop-shop experience for pet owners. Retailers like Petco and PetSmart are known for their extensive in-store services, which contribute to increased customer loyalty.

A notable trend in the offline market is the rise of experiential retail. Stores design interactive and engaging environments for both pets and their owners. Examples include pet adoption events, training workshops, and store pet-friendly areas.

Despite the growth of e-commerce, many consumers continue to value the immediacy and personal interaction offered by offline shopping. This is especially true for last-minute purchases and high-involvement products such as pet healthcare items and premium foods.

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Key Vendors

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A Place for Rover

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Ancol Pet Products

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Blue Buffalo

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Chewy

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Hill's Pet Nutrition

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J.M. Smucker Company

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Mars

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Nestle Purina

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Petco

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PetSmart

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A Very Important Pet

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Aller Petfood

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American Boarding Kennels

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Beaphar

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BHJ

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Bob Martin

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Camp Bow Wow

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Country Paws Boarding

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Diamond Pet Foods

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Earthbath

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Freshpet

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Fromm Family Foods

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Fur Frenzy Pet Spa

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Halo

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Hartz

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Just For Pets

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Kennel Club USA

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KONG

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Kriser's

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Oscar's Pet Resort

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Outward Hound

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Partner in Pet Food

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Pet Palace

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PetBecker

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Petmate

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Pets at Home

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PetSafe

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Petsfolio

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PetSuites

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Preppie Pooch

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Rosewood Pet Products

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Rush Direct

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saturn petcare

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Spectrum Brands

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Swifto

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The Zuri Pet Spa

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United Petfood

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Zooplus

Segmentation & Forecast

Product

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Food Type

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Toys & Clothing

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Housing & Bedding

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Pet Hygiene & Care Products

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Others

Food Type

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Dry Food

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Wet Food

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Treats & Snacks

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Others

Pet Services

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Grooming

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Boarding

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Others

Grooming

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Bath & Dry

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Hair & Skin

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Nail & Paws

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Eye, Ear, & Teeth

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Others

Boarding

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Short-term

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Long-term

Pet

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Dog

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Cat

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Others

Distribution Channel

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Offline

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Online

Geography

North America

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The U.S.

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Canada

Europe

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Germany

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The U.K.

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France

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Italy

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Spain

APAC

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Japan

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China

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India

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Australia

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South Korea

Latin America

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Brazil

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Mexico

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Argentina

Middle East & Africa

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Turkey

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South Africa

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Saudi Arabia

Key Questions Answered in the Report:

How big is the global pet care market?

What is the growth rate of the global pet care market?

Which region dominates the global pet care market?

Who are the major global pet care market players?

What are the key drivers of the global pet care market?

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