Press release
The Global Pet Care Market Booms with Higher Pet Ownership, the Market Revenue to Hit $340.71 Billion by 2029 - Arizton
Pet Care Market Research Report by Arizton
Curious to Know More About the Market? Click: https://www.arizton.com/market-reports/pet-care-market
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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https://www.arizton.com/market-reports/us-companion-animal-diagnostics-market
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About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Media Contact
Company Name: Arizton Advisory & Intelligence
Contact Person: Jessica
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=the-global-pet-care-market-booms-with-higher-pet-ownership-the-market-revenue-to-hit-34071-billion-by-2029-arizton]
Phone: +1-312-235-2040/+1 302 469 0707
Country: United States
Website: https://www.arizton.com/market-reports/pet-care-market
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