Lick Mats Industry Poised for Growth: USD 144.5 Million Valuation in 2023 to Expand at a 5.0% CAGR Through 2034 | TMR Study

The global lick mats industry has been steadily gaining traction over recent years. Valued at US$ 144.5 Mn in 2023, the market is projected to grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2034, reaching US$ 246.8 Mn by 2034. This robust growth reflects the increasing adoption of pets, rising demand for pet food, and a broader awareness of pet well-being.

Explore the highlights and essential data from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86021

Market Overview

The increasing trend of pet ownership, combined with the emphasis on improving pet health and behavior, has positioned lick mats as an essential pet accessory. These mats not only provide oral health benefits but also alleviate stress and stimulate pets mentally. Their multifunctional applications, from aiding in crate training to addressing separation anxiety, make them indispensable for pet owners.

Leading companies in the lick mats market are focusing on innovations, such as easy-to-clean designs for busy pet owners and natural rubber variants tailored for teething puppies, to meet the evolving needs of consumers.

Market Introduction

Lick mats are interactive feeding tools designed for dogs and cats. These mats feature a flat, textured surface that holds soft, sticky food items like yogurt, peanut butter, or wet pet food. Their design encourages pets to engage in foraging and licking behaviors, which slows down eating and provides a calming activity.

The repetitive licking motion has been found particularly beneficial for pets prone to nervousness or separation anxiety, offering a natural way to soothe and relax them.

Key Players

LUKITO, MateeyLife, Honomastry, MooonGem, and Khlerox, are some of the key players operating in the global lick mats industry.

Key Drivers of Growth

Increase in Pet Adoption

Pet ownership has surged globally, particularly during the COVID-19 pandemic. According to a report by Health for Animals, over 50% of the global population owns a pet, with dogs being the most popular. In the U.S., pet ownership has risen from 68% of households in 2016 to 70% in 2021, signifying a growing demand for pet care products, including lick mats.

Adopting pets offers numerous mental and physical health benefits for humans, such as reduced stress and increased physical activity. This rising trend has directly contributed to the growth of the lick mats market, as pet owners seek tools to improve their pets' overall well-being.

Rise in Demand for Pet Food

The humanization of pets is reshaping the pet care landscape, especially in developed economies. Pet owners are increasingly investing in premium food and products to enhance their pets' health. Lick mats, typically made from food-grade silicone or rubber, offer a unique way to serve soft pet food while promoting mental stimulation and relaxation.

According to the American Pet Products Association (APPA), Americans spent US$ 136.8 Bn on pets in 2022, a significant increase from US$ 123.6 Bn in 2021. A considerable portion of this expenditure was allocated to pet food and treats. This trend underscores the growing preference for products like lick mats that complement high-quality pet nutrition.

Delve into our report to discover detailed insights - https://www.transparencymarketresearch.com/lick-mats-market.html

Regional Outlook

North America

North America dominated the lick mats market in 2023, owing to:

• A high rate of pet ownership.
• Increased demand for premium pet care products.
• Strong presence of key players in the region.

Pet ownership in the region is linked to tangible health benefits for humans, such as stress reduction and improved cardiovascular health. These factors, combined with a culture that prioritizes pet well-being, make North America a lucrative market for lick mats.

Asia Pacific

Asia Pacific is expected to witness significant growth during the forecast period due to:

• Rising disposable incomes.
• Expansion of the middle-class population.
• Emergence of a new "pet culture" that emphasizes the humanization of pets.

Countries like India are experiencing a surge in pet ownership, making the region a promising area for market expansion.

More Trending Reports by Transparency Market Research -

North America Home Storage Market: https://www.transparencymarketresearch.com/north-america-home-storage-market.html

North America Garage Storage Market: https://www.transparencymarketresearch.com/north-america-garage-storage-market.html

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube

This release was published on openPR.