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

𝐏𝐞𝐭 𝐂𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐖𝐢𝐭𝐧𝐞𝐬𝐬𝐢𝐧𝐠 𝐑𝐨𝐛𝐮𝐬𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐰𝐢𝐭𝐡 𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐀𝐜𝐫𝐨𝐬𝐬 𝐂𝐨𝐮𝐧𝐭𝐫𝐢𝐞𝐬

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.

𝐘𝐞𝐚𝐫-𝐄𝐧𝐝 𝐒𝐚𝐥𝐞! 𝐆𝐞𝐭 𝐮𝐩 𝐭𝐨 𝟑𝟎% 𝐨𝐟𝐟 𝐨𝐧 𝐜𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭𝐬-𝐥𝐢𝐦𝐢𝐭𝐞𝐝 𝐭𝐢𝐦𝐞 𝐨𝐧𝐥𝐲: https://www.maximizemarketresearch.com/request-sample/31345/ 

𝐏𝐞𝐭 𝐂𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

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 𝐏𝐞𝐭𝐂𝐢𝐭𝐲 and international companies such as 𝐌𝐚𝐫𝐬 𝐏𝐞𝐭𝐜𝐚𝐫𝐞 are expanding their footprint through partnerships and new product launches. For example, in 2023, 𝐌𝐚𝐫𝐬 𝐏𝐞𝐭𝐜𝐚𝐫𝐞 collaborated with Vietnamese retailers to enhance its distribution network in rural areas.

𝐏𝐞𝐭 𝐂𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐏𝐞𝐭 𝐂𝐚𝐫𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

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 𝐑𝐨𝐲𝐚𝐥 𝐂𝐚𝐧𝐢𝐧 𝐚𝐧𝐝 𝐍𝐞𝐬𝐭𝐥é 𝐏𝐮𝐫𝐢𝐧𝐚 have been investing heavily in research and development to cater to the unique dietary needs of pets in the region. In 2024, 𝐍𝐞𝐬𝐭𝐥é 𝐏𝐮𝐫𝐢𝐧𝐚 announced a strategic partnership with local e-commerce platforms to enhance online sales channels.

𝐏𝐞𝐭 𝐂𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧

Japan is a mature market with a strong emphasis on premium products and advanced veterinary care. In 2023, 𝐔𝐧𝐢𝐜𝐡𝐚𝐫𝐦 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧 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.

𝐏𝐞𝐭 𝐂𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

The South Korean pet care market is growing rapidly, driven by the rising popularity of pets as companions in urban households. Key players like 𝐂𝐉 𝐂𝐡𝐞𝐢𝐥𝐉𝐞𝐝𝐚𝐧𝐠 are introducing innovative products, such as customized pet food. Recent developments include a merger between 𝐃𝐚𝐞𝐰𝐨𝐨𝐧𝐠 𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥 and a pet care startup to enhance veterinary services in South Korea.

𝐏𝐞𝐭 𝐂𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞

Singapore's pet care market is thriving due to a high standard of living and a growing preference for luxury pet products. In 2024, 𝐙𝐨𝐞𝐭𝐢𝐬 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 𝐏𝐞𝐭 𝐋𝐨𝐯𝐞𝐫𝐬 𝐂𝐞𝐧𝐭𝐫𝐞 are expanding their offerings to include organic and sustainable pet care products.

𝐏𝐞𝐭 𝐂𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐢𝐧 𝐔𝐒

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, 𝐂𝐡𝐞𝐰𝐲 𝐈𝐧𝐜. expanded its private label offerings, including pet wellness products. Additionally, 𝐏𝐞𝐭𝐜𝐨 𝐇𝐞𝐚𝐥𝐭𝐡 𝐚𝐧𝐝 𝐖𝐞𝐥𝐥𝐧𝐞𝐬𝐬 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 announced its acquisition of a veterinary clinic chain to broaden its healthcare services.

𝐏𝐞𝐭 𝐂𝐚𝐫𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲: 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐆𝐫𝐨𝐰𝐭𝐡 𝐈𝐍 𝐄𝐮𝐫𝐨𝐩𝐞

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 𝐍𝐞𝐬𝐭𝐥é 𝐏𝐮𝐫𝐢𝐧𝐚 acquiring a UK-based pet care startup in 2023. Sustainability is becoming a critical factor in Europe, as companies like 𝐌𝐚𝐫𝐬 𝐏𝐞𝐭𝐜𝐚𝐫𝐞 introduce eco-friendly packaging and plant-based pet food products.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐭𝐨 𝐩𝐞𝐞𝐤 𝐢𝐧𝐬𝐢𝐝𝐞? 𝐆𝐫𝐚𝐛 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐧𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/31345/

𝐏𝐞𝐭 𝐂𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

𝒃𝒚 𝑷𝒆𝒕 𝑻𝒚𝒑𝒆

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 .

𝒃𝒚 𝑷𝒓𝒐𝒅𝒖𝒄𝒕 𝑪𝒂𝒕𝒆𝒈𝒐𝒓𝒚

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 .

𝒃𝒚 𝑫𝒊𝒔𝒕𝒓𝒊𝒃𝒖𝒕𝒊𝒐𝒏 𝑪𝒉𝒂𝒏𝒏𝒆𝒍

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 .

𝐅𝐨𝐫 𝐚𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐤𝐢𝐧𝐝𝐥𝐲 𝐞𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/request-sample/31345/

𝐏𝐞𝐭 𝐂𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

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

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