Press release
Pet Care Market - What You Need to Know About the 2016-14
The pet care market is composed of pet food and pet health care. The global pet care market is primarily driven by changing socio economic and cultural factors that have led to domestic pets being regarded as member of family. This in turn increases pet owner’s spending from simple food to innovative and specialized premium product and grooming expenses. Moreover, with the increasing trend of nuclear family and increasing disposable income the ownership of pets among middle class family is growing exponentially. The increasing number of pet owners and their growing concern towards pets, in turn is also expected to boost the global pet care market.
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However, the rising incident of pet being allergic and increasing prices pet care products acts as restraining factor for the growth of pet care market. In addition, strict government regulations and cultural/Islamic regulations in some countries regarding pet ownership also hinders the growth of global pet care market.
The study highlights current market trends and provides the forecast from 2015 to 2021. We have also covered the current market scenario for pet care market and highlighted future trends that will have an impact on demand. The present market size and forecast until 2021 has been provided in the report. The macro and micro economic factors affecting the demand and growth of the market also has been provided in the report.
Among the pet type, the dog care held the largest share and is expected to experience a stable growth during the forecasted period. Spending in this category is also expected to rise as the number of dog owners are anticipated to increase in number as well. Adoption of dogs is increasing for companionship and for security purposes with the growth in trend of nuclear family. This factor is boosting demand for dog care market to a great extent. The dog care market is followed by cat care market. After dog, cat is most loved pets as the cost of keeping a cat is very less.
North America and Asia pacific especially India is showing a healthy growth in pet care market. India is followed by China. Since china has the world’s lowest birth rate the increasing number of middle class couple choose to spend their time and money on pets rather than having child. This in turn boosts the pet care market in this region. In these regions apart from premium products other services like grooming pets, training pets and pet day care services are also flourishing. Owing to these factors, there is huge potential in the pet care market in developing countries.
The conclusive analysis of global Pet care market and the forecasted market growth for the period 2015 to 2021 is provided in this report. The report provides in dept study of different market segments and detailed analysis of the pet care market in all possible way across different segments based on pet type and by geography.
Overall, the report takes into account a complete analysis of the global pet care market and provides a predicted growth for the period 2015 to 2021, taking into account the various macro and micro economic factors affecting the market.
The report segments the pet care market as:
Pet Care Market, by Pet Type
Dog Care
Cat Care
Fish Care
Bird Care
Others
Pet Care Market, by Geography:
North America
Europe
Asia Pacific
Rest of the World (ROW)
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