Pet Fitness Care Market Outlook Report 2024-2033 | Trends, Analysis, Insights, Overview

"The Business Research Company recently released a comprehensive report on the Global Pet Fitness Care Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, 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 growth in the historic period can be attributed to awareness of pet obesity, humanization of pets, rise of pet wellness industry, urbanization and changing lifestyles, pet insurance coverage, and celebrity influence.

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%. The growth in the forecast period can be attributed to evolving urban environments, rise of pet wellness communities, corporate wellness programs for pets, and cultural shift towards active lifestyles. Major trends in the forecast period include innovations in pet exercise equipment, research on animal behavior, integration of ai and data analytics, virtual and remote fitness services, and customized nutrition and fitness plans.

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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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.

Pet Fitness Care Market 2024 Key Insights:

• 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%.
• Impact Of Rising Pet Ownership On Pet Fitness Care Market
• Innovative Solutions In The Pet Fitness Care Enhanced Market Growth
• North America was the largest region in the pet fitness care market in 2023

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