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Digital Pet Care Products and Services Market Expansion Continues, with Forecast Valuation of $161.96 Billion by 2029
Digital Pet Care Products and Services
Digital Pet Care Products and Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The substantial rise in recent years of the digital pet care products and services market size is notable. The market, projected to increase from $96.52 billion in 2024 to $105.44 billion in 2025, has a compound annual growth rate (CAGR) of 9.2%. This significant rise in the historical period can be linked to factors like pet humanization, heightened consciousness about pet health, convenience and accessibility, pet insurance offerings and wellness plans, and an increase in pet ownership.
Digital Pet Care Products and Services Market Size Forecast: What's the Projected Valuation by 2029?
The market size for digital pet care products and services is projected to expand swiftly in the upcoming years, reaching a noteworthy $161.96 billion in 2029 with a compound annual growth rate (CAGR) of 11.3%. This escalation within the forecast period can be linked to the rise of remote veterinary services and telehealth, attention towards mental health and wellness, subscription-based offerings, tailored nutritional solutions, and the focus on the ageing pet population and their fitness. In the forecast period, the significant trends involve advancements in intelligent pet products, mobile applications for pet care, the Internet of Things (IoT) in pet tracking and monitoring, customized pet health records, and the impact of social media on pet trends.
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What Are the Drivers Transforming the Digital Pet Care Products and Services Market?
Rising pet ownership rates are set to fuel expansion in the digital pet care products and services market. The act of adopting a pet from a refuge or rescue center is referred to as pet adoption, and it's sparking a surge in demand for high-end pet care goods and services aimed at ensuring pet health, safety, and happiness. For example, a survey conducted by the American Pet Products Association (APPA) in conjunction with the Human Society of the United States, a non-profit organization based in the U.S., revealed that out of 128.451 million U.S. households, 54% or 69 million households own at least one dog. Consequently, the burgeoning pet adoption trend is providing a substantial boost to the digital pet care products and services market.
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What Long-Term Trends Will Define the Future of the Digital Pet Care Products and Services Market?
Renowned enterprises within the digital pet care products and services market are increasingly integrating AI-based solutions in their offerings. For example, Wiggly, a pet care business based in the US, unveiled its AI-powered pet care application in July 2024. At the heart of this app is a revolutionary AI chat function that gives every app user access to a personal AI assistant, tailor-made for pet owners. This virtual pet care advisor provides personalized, expert advice on various subjects, such as veterinary care, diet, behavior, and so forth. Through the chat function, clients can ask pet-related queries and get instant professional advice.
Which Segments in the Digital Pet Care Products and Services Market Offer the Most Profit Potential?
The digital pet care products and services market covered in this report is segmented -
1) By Type: Pet Food, Pet Care Products, Services
2) By Source: Animal-Based, Plant-Based, Synthetic
3) By Animal: Dogs, Cats, Birds, Fishes, Horses
Subsegments:
1) By Pet Food: Dry Food, Wet Food, Treats And Snacks, Specialized Diets
2) By Pet Care Products: Grooming Products, Health And Wellness Products, Accessories, Training Products
3) By Services: Pet Sitting And Dog Walking, Veterinary Services, Grooming Services, Training And Behavior Services, Boarding Services
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Which Firms Dominate the Digital Pet Care Products and Services Market by Market Share and Revenue in 2025?
Major companies operating in the digital pet care products and services market are Pet Plan Limited, Hartville Group Inc., PetFirst Healthcare LLC, Anicom Holdings Inc., Direct Line Insurance Group PLC, Trupanion Inc., Pethealth Inc., BabelBark Inc., Banfield Pet Hospital, Chewy Inc., Hill's Pet Nutrition Inc., PetSmart Inc., Supertails Inc., Wagmo Pet Insurance Agency Inc., Embrace Pet Insurance Agency LLC, Lemonade Insurance Company, American Society for the Prevention of Cruelty to Animals, Petco Animal Supplies Inc., Embark Veterinary Inc., Wisdom Health Genetics LLC, Whistle Labs Inc., AllTrails Inc., PetPlate Inc., BarkBox Inc., NomNomNow Inc., JustFoodForDogs LLC, The Farmer's Dog Inc., Petcube Inc., Pet Poison Helpline LLC, PetHonesty Inc., FitBark Inc., Pet Assure Corp., Petnostics LLC, Pretty Litter LLC, Sure Petcare Limited, Pawscout Inc.
Which Regions Offer the Highest Growth Potential in the Digital Pet Care Products and Services Market?
North America was the largest region in the digital pet care products and services market in 2024. The regions covered in the digital pet care products and services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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