Pet Health Products Market
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Pet Health Products Market
On the basis of pet type, the global pet health products market is classified into:
Pet owners are inclined towards top food products and creative grooming products to care for their domestic pets. This has considerably raised the spending limit of pet owners in the industry, thereby adding to the growth of the global market of pet health care. Pet humanization is a major trend, especially prevalent in developed regions such as North America and Europe, with pets considered to be family members owing to changing cultural and socioeconomic factors. This in turn is projected to create a favorable environment for growth of the pet health care products market. In addition to the above mentioned drivers, the rising disposable income of pet owners belonging to the middle income group and rising trend of nuclear family are projected to lay a strong foundation for the advancement of the market. The global pet health products market could find some hurdles in its growth path due to firm cultural and government regulations, rising incidence of allergies from pets, and swelling prices of pet care products.
The progress of new diseases offers untapped opportunities for the animal healthcare. To find improved solutions for the predominant and new diseases, the players in the animal healthcare market are increasing their R&D activities. As preventive drugs are not available in the market, newly diagnosed diseases acts as threat for the owners of animal and animal farms. Under such situations, they have to follow the natural method of stopping the disease from spreading, as suggested by the veterinarians and the animal health boards. One such disease is porcine epidemic diarrhea virus (PEDV) that is caused by corona virus. It leads to infection in the cell lining within the small intestine of pigs.
Key players operating in the global pet health products market are Abbott Laboratories, Central Garden & Pet Company, Bayer AG, Embrace Pet Insurance Agency LLC, IDEXX Laboratories Incorporated, Nestlé, Beefeaters Holding Company Incorporated, Colgate-Palmolive Company, Merck & Company Incorporated, Novartis AG, Pfizer Incorporated, Boehringer Ingelheim GmbH, ADER Enterprises Incorporated, Heska Corporation, Sanofi, , Virbac SA, Sergeant's Pet Care Products Incorporated, Trupanion, Spectrum Brands Holdings Incorporated, Procter & Gamble Company, Hartville Group Incorporated, PBI/Gordon Corporation, Sumitomo Corporation, VCA Antech Incorporated, PetAg Incorporated, Veterinary Pet Insurance Company, and Pethealth Incorporated.
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