Meticulous Research®, a prominent global market research firm, has published a comprehensive report titled "Pet Care Market Size, Share, Forecast, & Trends Analysis by Offering (Pet Food & Nutrition [Dry Food, Treats, Vitamins, Supplements], Pet Products [Grooming {Shampoo, Conditioner, Brushes}, Oral Care], Pet Services) Sales Channel—Global Forecast to 2031."
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According to this latest publication from Meticulous Research®, the pet care market is poised to reach an impressive $287.96 billion by 2031, growing at a CAGR of 5.9% over the forecast period. This growth is attributed to increasing expenditures on pet health and insurance, rising pet adoption rates, and growing disposable incomes in developing countries. The trend towards pet humanization, where pets are considered integral family members, has significantly boosted the demand for premium pet products and services, ranging from nutrition and grooming essentials to veterinary and walking services.
Market Drivers and Opportunities
The surge in demand for premium pet products, including human-grade pet food, is driven by pet owners' increasing awareness of their pets' health and well-being. This shift has led manufacturers to offer high-quality, premium products to cater to the rising consumer demand.
Key factors contributing to the market growth include:
• Rising expenditures on pet health and insurance.
• Increased pet adoption rates.
• Growing disposable incomes in developing regions.
• Introduction of new product categories and a shift towards premium products.
Key Market Players
The competitive landscape of the pet care market includes major players such as: Mars, Incorporated (U.S.), Hill`s Pet Nutrition, Inc. (U.S.), Blue Buffalo Company, Ltd. (U.S.), Ancol Pet Products Limited (U.K.), Saturn Petcare GmbH (Germany), Nestlé S.A. (Switzerland), Doskocil Manufacturing Company, Inc (U.S.), The Hartz Mountain Corporation (U.S.), Tail Blazers (Canada), J.M. Smucker Company (U.S.), Petco Animal Supplies, Inc. (U.S.), A Place for Rover, Inc. (U.S.), American Pet Resort, LLC (U.S.), Wag Labs, Inc. (U.S.), Pooch Dog SPA (Italy), AirPets International (U.S.), Groomer’s Choice (U.S.), Coastal Pet Products Inc. (U.S.), World 4 Pets Pty Ltd (Australia), SynergyLabs (U.S.), and 4-Legger, LLC (U.S.)
Pet Care Market Segmentation
The pet care market is segmented by Offering, Animal Type, Sales Channel, End User, and Geography.
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By Offering:
• Pet Food & Nutrition (Dry Food, Wet Food, Treats, Vitamins, Supplements)
• Pet Products (Grooming Products, Oral Care Products, Aquarium Equipment, Other Pet Products)
• Pet Services (Grooming Services, Pet Sitting & Walking, Veterinary Care)
By Animal Type:
• Dogs
• Cats
• Fish
• Birds
• Other Animals
By Sales Channel:
• Offline (Supermarkets, Pet Stores, Pharmacies)
• Online (Company Websites, E-commerce Platforms)
By End User:
• Pet Owners
• Pet Breeders & Groomers
• Veterinary Professionals
Geographical Insights
This research report provides an in-depth analysis across major geographies: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to dominate the market in 2024, while Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period. The growth in Asia-Pacific is driven by rising pet adoption rates, increasing disposable incomes, and growing awareness regarding pet health and well-being.
Conclusion
Meticulous Research®'s report offers a comprehensive analysis of the global pet care market, highlighting key trends, growth drivers, and major players. The detailed segmentation provides valuable insights for stakeholders to make informed decisions in this rapidly evolving market.
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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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