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Pet Care Market to Reach USD 364.97 Bn by 2030, Growing at 5.6% CAGR

12-23-2024 06:02 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Maximize Market Research Pvt. Ltd.

Pet Care Market

Pet Care Market

๐๐ž๐ญ ๐‚๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐–๐ข๐ญ๐ง๐ž๐ฌ๐ฌ๐ข๐ง๐  ๐‘๐จ๐›๐ฎ๐ฌ๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ฐ๐ข๐ญ๐ก ๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐€๐œ๐ซ๐จ๐ฌ๐ฌ ๐‚๐จ๐ฎ๐ง๐ญ๐ซ๐ข๐ž๐ฌ

The Global Pet Care Market is experiencing unprecedented growth, driven by increasing pet adoption rates, humanization of pets, and the rising demand for premium pet care products. The market, valued at USD 249.23 billion in 2023, is expected to grow at a CAGR of 5.6% from 2024 to 2030, reaching USD 364.97 billion by 2030. This press release highlights country-specific opportunities, trends, and consolidation activities shaping the market in Vietnam, Thailand, Japan, South Korea, Singapore, the US, and Europe.

๐˜๐ž๐š๐ซ-๐„๐ง๐ ๐’๐š๐ฅ๐ž! ๐†๐ž๐ญ ๐ฎ๐ฉ ๐ญ๐จ ๐Ÿ‘๐ŸŽ% ๐จ๐Ÿ๐Ÿ ๐จ๐ง ๐œ๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ-๐ฅ๐ข๐ฆ๐ข๐ญ๐ž๐ ๐ญ๐ข๐ฆ๐ž ๐จ๐ง๐ฅ๐ฒ: https://www.maximizemarketresearch.com/request-sample/31345/ ๏ปฟ

๐๐ž๐ญ ๐‚๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

The pet care market in Vietnam is witnessing exponential growth due to urbanization and increasing disposable incomes. Recent trends indicate a surge in the demand for premium pet food and veterinary services. Local players like ๐๐ž๐ญ๐‚๐ข๐ญ๐ฒ and international companies such as ๐Œ๐š๐ซ๐ฌ ๐๐ž๐ญ๐œ๐š๐ซ๐ž are expanding their footprint through partnerships and new product launches. For example, in 2023, ๐Œ๐š๐ซ๐ฌ ๐๐ž๐ญ๐œ๐š๐ซ๐ž collaborated with Vietnamese retailers to enhance its distribution network in rural areas.

๐๐ž๐ญ ๐‚๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ƒ๐ซ๐ข๐ฏ๐ข๐ง๐  ๐๐ž๐ญ ๐‚๐š๐ซ๐ž ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand's pet care market has shown significant growth, fueled by rising pet adoption rates among millennials. Pet food, particularly organic and grain-free variants, accounts for the largest share of the market. Companies like ๐‘๐จ๐ฒ๐š๐ฅ ๐‚๐š๐ง๐ข๐ง ๐š๐ง๐ ๐๐ž๐ฌ๐ญ๐ฅรฉ ๐๐ฎ๐ซ๐ข๐ง๐š have been investing heavily in research and development to cater to the unique dietary needs of pets in the region. In 2024, ๐๐ž๐ฌ๐ญ๐ฅรฉ ๐๐ฎ๐ซ๐ข๐ง๐š announced a strategic partnership with local e-commerce platforms to enhance online sales channels.

๐๐ž๐ญ ๐‚๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐š๐ง๐ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan is a mature market with a strong emphasis on premium products and advanced veterinary care. In 2023, ๐”๐ง๐ข๐œ๐ก๐š๐ซ๐ฆ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง acquired a local pet food brand to strengthen its market presence. Technological advancements, such as the use of AI for pet health monitoring, are gaining traction in the country. Additionally, the growing aging population in Japan has led to an increased focus on products designed for older pets.

๐๐ž๐ญ ๐‚๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

The South Korean pet care market is growing rapidly, driven by the rising popularity of pets as companions in urban households. Key players like ๐‚๐‰ ๐‚๐ก๐ž๐ข๐ฅ๐‰๐ž๐๐š๐ง๐  are introducing innovative products, such as customized pet food. Recent developments include a merger between ๐ƒ๐š๐ž๐ฐ๐จ๐จ๐ง๐  ๐๐ก๐š๐ซ๐ฆ๐š๐œ๐ž๐ฎ๐ญ๐ข๐œ๐š๐ฅ and a pet care startup to enhance veterinary services in South Korea.

๐๐ž๐ญ ๐‚๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore's pet care market is thriving due to a high standard of living and a growing preference for luxury pet products. In 2024, ๐™๐จ๐ž๐ญ๐ข๐ฌ launched a state-of-the-art veterinary diagnostic lab in Singapore to cater to the region's increasing demand for specialized healthcare services. Moreover, local companies like ๐๐ž๐ญ ๐‹๐จ๐ฏ๐ž๐ซ๐ฌ ๐‚๐ž๐ง๐ญ๐ซ๐ž are expanding their offerings to include organic and sustainable pet care products.

๐๐ž๐ญ ๐‚๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐”๐ฉ๐๐š๐ญ๐ž๐ฌ ๐ข๐ง ๐”๐’

The US leads the global pet care market, accounting for the largest revenue share. The sector is characterized by a strong inclination towards premium and natural pet food. In 2023, ๐‚๐ก๐ž๐ฐ๐ฒ ๐ˆ๐ง๐œ. expanded its private label offerings, including pet wellness products. Additionally, ๐๐ž๐ญ๐œ๐จ ๐‡๐ž๐š๐ฅ๐ญ๐ก ๐š๐ง๐ ๐–๐ž๐ฅ๐ฅ๐ง๐ž๐ฌ๐ฌ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ฒ announced its acquisition of a veterinary clinic chain to broaden its healthcare services.

๐๐ž๐ญ ๐‚๐š๐ซ๐ž ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ: ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐š๐ง๐ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ˆ๐ ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe's pet care market continues to grow steadily, with countries like Germany, France, and the UK leading the charge. Mergers and acquisitions remain a prominent trend, with ๐๐ž๐ฌ๐ญ๐ฅรฉ ๐๐ฎ๐ซ๐ข๐ง๐š acquiring a UK-based pet care startup in 2023. Sustainability is becoming a critical factor in Europe, as companies like ๐Œ๐š๐ซ๐ฌ ๐๐ž๐ญ๐œ๐š๐ซ๐ž introduce eco-friendly packaging and plant-based pet food products.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐ž๐ž๐ค ๐ข๐ง๐ฌ๐ข๐๐ž? ๐†๐ซ๐š๐› ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/31345/

๐๐ž๐ญ ๐‚๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

๐’ƒ๐’š ๐‘ท๐’†๐’• ๐‘ป๐’š๐’‘๐’†

Dog
Cat
Fish
Bird
Others

Based on the type of dog, the market is categorized into dog, cat, fish, bird and others. The dog segment accounted for around 40 % of the market share in 2023 . The most popular animals are dogs , followed by cats . Dogs are known for relieving anxiety, stress , and depression , as well as relieving loneliness , promoting cardiovascular health , and encouraging exercise , all of which contribute to their appeal. Residents of homes and apartments that do not have a yard or porch where their dogs can live frequently opt for pet furniture . Due to these characteristics , this category is expected to increase market growth .

๐’ƒ๐’š ๐‘ท๐’“๐’๐’…๐’–๐’„๐’• ๐‘ช๐’‚๐’•๐’†๐’ˆ๐’๐’“๐’š

Pet Food
Pet grooming/boarding
Accessories
Others

According to the product category , the largest share of the product category is related to the high demand of owners for tasty and healthy food products for their daily food needs . According to data from the European Pet Food Industry Association ( FEDIAF ) , sales of Pets pet food in Europe reached around 8.5 billion tonnes in 2019 . Easy access to a variety of animal feeds leads to increased revenue from this sector . The growth of commercial environments related to animal veterinary care clinics in many countries across the world is leading to an increase in the consumption of animal - related items , which is leading to a faster expansion of the veterinary care sector .

๐’ƒ๐’š ๐‘ซ๐’Š๐’”๐’•๐’“๐’Š๐’ƒ๐’–๐’•๐’Š๐’๐’ ๐‘ช๐’‰๐’‚๐’๐’๐’†๐’

Offline
Online

According to Distribution Channel , the offline segment , comprising pet stores and supermarkets , is expected to account for the largest share in the global market due to the offering of various pet brands in these stores . Moreover , there are plans to expand the infrastructural facilities related to pet stores to promote the consumption of pet products in these stores , thereby driving segment expansion . For example, Pet Lovers Centre ( PLC) , Singapore 's largest pet store chain , opened two more stores in the Philippines in October 2019 .

๐…๐จ๐ซ ๐š๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ค๐ข๐ง๐๐ฅ๐ฒ ๐ž๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/31345/

๐๐ž๐ญ ๐‚๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

1. Ancol Pet Pets Limited
2. Blue Buffalo Pet Pets Inc.
3. Central Garden & Pet Company
4. Champion Pet Foods
5. Heristo AG
6. Kong Company
7. Mars Inc.
8. Nestle S.A.
9. Petco Animal Supplies Inc.
10. Petmate Holdings Co.
11. PetSmartInc.
12. The Colgate-Palmolive Company
13. PetSmart Inc.
14. Trupanion
15. Freshpet
16. Zoetis Inc.
17. Mars Incorporated
18. Hill's Pet Nutrition, Inc.
19. The J.M. Smucker Company
20. Diana Group

๐‚๐ก๐ž๐œ๐ค ๐Ž๐ฎ๐ญ ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

Global Water-Based Enamel Market https://www.maximizemarketresearch.com/market-report/global-water-based-enamel-market/116497/

Global Embedded AI Computing Platforms Market https://www.maximizemarketresearch.com/market-report/global-embedded-ai-computing-platforms-market/111905/

Global Eye Cosmetic Packaging Market https://www.maximizemarketresearch.com/market-report/global-eye-cosmetic-packaging-market/26227/

UK Dental Services Market https://www.maximizemarketresearch.com/market-report/uk-dental-services-market/222401/

Global Phosphate Ester Market https://www.maximizemarketresearch.com/market-report/phosphate-ester-market/2600/

Global Chromium Oxide Market https://www.maximizemarketresearch.com/market-report/global-chromium-oxide-market/66331/

Integrated Systems Market https://www.maximizemarketresearch.com/market-report/integrated-systems-market/65616/

Configuration Management Market https://www.maximizemarketresearch.com/market-report/global-configuration-management-market/62980/

Global Advanced Glass Market https://www.maximizemarketresearch.com/market-report/global-advanced-glass-market/29073/

Global Mobile Photo Printer Market https://www.maximizemarketresearch.com/market-report/global-mobile-photo-printer-market/28119/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ

MAXIMIZE MARKET RESEARCH PVT. LTD.
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Latest Study on Industrial Growth of Global Pet Air Shipping Service Market 2024-2030. A detailed study accumulated to offer the Latest insights about acute features of the Pet Air Shipping Service market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete studyโ€ฆ
11-28-2023 | Leisure, Entertainment, Miscel โ€ฆ
ReportsnReports
Pet Shops Market 2023- Industry Comprehensive Understanding | PETSMART, PETCO, P โ€ฆ
The Pet Shops market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status with developmentโ€ฆ
05-31-2023 | Advertising, Media Consulting, โ€ฆ
AMA Research & Media LLP
Pet Bag Market Set for More Growth : Gen7Pets, Sherpa Pet, Quaker Pet
Advance Market Analytics published a new research publication on "Pet Bag Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Pet Bag market was mainly driven by the increasing R&D spending across the world. Some of the key players profiledโ€ฆ
02-24-2020 | Advertising, Media Consulting, โ€ฆ
Fior Markets
Pet Veterinary Diets Market 2019 Industry Dynamics - Mars, Farmina Pet Foods, Ni โ€ฆ
Recent market research study Global Pet Veterinary Diets Market 2019-2024 now available with Fior Markets provides a comprehensive market analysis based on past and current situation of the market. The report covers future trends, current growth drivers, thoughtful insights, facts, market valuation, competitive spectrum, regional share, and revenue predictions. The report shows the market size, share, business growth enhancers, and obstructers, prior and current trends being followed by the market.โ€ฆ