Pet Care E-commerce Market Shares, Growth Analysis, Key Insights, Size And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Pet Care E-commerce 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.

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According to The Business Research Company's, The pet care e-commerce market size has grown rapidly in recent years. It will grow from $27.87 billion in 2023 to $31.31 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to increasing pet ownership, urbanization, growing use of the Internet and smartphones, shifts in lifestyle, increasing awareness of pet health.

The pet care e-commerce market size is expected to see rapid growth in the next few years. It will grow to $49.05 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to adoption of subscription-based services, rise of automation, increasing preference for environmentally friendly pet care, growth in online veterinary consultations, globalization of e-commerce. Major trends in the forecast period include health monitoring wearables, virtual pet adoption, pet food subscription services, innovative packaging, DIY pet grooming kits.

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Market Drivers and Trends:

The rising pet adoption rate is expected to drive the pet care e-commerce market. Pet adoption refers to shelters and rescues full of loving, spayed or neutered, vaccinated, and trained pets who are just waiting to meet you. Pet care brands are upping their marketing game and expanding their e-commerce presence to connect with consumers. For instance, in July 2022, according to the American Society for the Prevention of Cruelty to Animals, a US-based non-profit organization, only 3.2 million of the roughly 6.5 million animals that enter shelters each year are adopted. Further, in July 2022, according to the Humane Society, an India-based animal protection organization, every year, 31% of cats and 28% of dogs are adopted from shelters. Therefore, rising pet adoption is driving the growth of the pet care e-commerce market.

Product innovations are a key trend gaining popularity in the pet care e-commerce market. Major companies operating in the pet care e-commerce markets are concentrating on creating innovative product solutions to boost their market share. For instance, in August 2022, Chewy, a US-based company operating in pet care e-commerce, launched CarePlus, enabling millions of pet parents to access wellness and insurance plans. It is the most recent addition to Chewy's expanding line of health and wellness products, expanding access to high-quality, reasonably priced pet healthcare. The product's distinguishing characteristics include 100% cost coverage for eligible prescription drugs, supplements, and veterinary diet food purchases made on Chewy.com.

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Major Key Players of the Market:

Walmart Inc., Amazon.com Inc., Nestlé S.A., Colgate-Palmolive Company, Chewy Inc., Zoetis Inc., PetSmart Inc., Petco Health and Wellness Company Inc., Pet Supplies Plus LLC, Blue Buffalo Company Ltd., PETstock Pty Ltd, BarkBox Inc., PetMed Express Inc., Groomers Delight LLC, Champion Petfoods LP, Dover Saddlery Inc., SmartPak Equine LLC (SmartPAK), NomNomNow Inc. HealthyPets Inc., Revival Animal Health Inc., PetFlow LLC, TABcom LLC, Ancol Pet Products Limited, Ollie Pets Inc., Spot & Tango LLC, Wild One Holdings LLC The Pawfect Box Ltd., CatLadyBox LLC, PetPlate Inc., Doskocil Manufacturing Company Inc.

Pet Care E-commerce Market 2024 Key Insights:

• The pet care e-commerce market size is expected to see rapid growth in the next few years. It will grow to $49.05 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%.
• Surge In Pet Adoptions Ignites Growth In Pet Care E-Commerce
• Pet Care E-Commerce Evolution Drive Market Growth With Wellness Solutions
• North America was the largest region in the pet care e-commerce market in 2023

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