The increasing awareness about ingredients used in pet food products has made pet owners conscious while selecting food options for their pets. Pet owners are aware about health benefits of natural and organic ingredients in pet care products. This has been giving tailwinds to the demand for organic and natural formulations. Pet owners prefer products that are free from artificial colours and preservatives, while providing a balanced nutritional profile for pets.

As per a report by the Association for Pet Obesity Prevention, it is estimated that 55% of dogs and cats in the U.S. are obese. This presents a huge opportunity for manufacturers to add quality ingredients and diet research to launch value added products to meet growing consumer interest towards premium products.

Product launches with value-added quality ingredients supports the demand for pet care products contributing to long term growth prospects. Taking advantage of this prevailing trend, companies in the market are expanding their offerings to include natural and organic options.

For instance, the Kroger Co. offers natural food products for pets with proteins and essential nutrients. Besides, GMO (genetically organism free) food products are also available for pets in the market.

The rise in the number of pet owners and the growing awareness of veterinary health and investments into animal health organizations are swiftly boosting the prospects of manufacturers through the upcoming decade. 

Key Takeaways from the Pet Care Market Study

  • Pet food is expected to hold a noteworthy revenue share of over 65% of all product sales. The growth is attributed to the demand for premium, natural, and organic ingredients.
  • Pet care for dogs is expected to contribute revenue share of 35.1% in 2021. The role of dogs as companions and the resulting humanization drives associated sales.
  • The U.S. leads the North America market accounting for 90% value share by 2031 owing to higher purchasing power.
  • The U.K. accounts for more than 25% of the Europe market with concerns over pet health and investments into product innovation.
  • China and South Korea are considered high growth markets for pet care in East Asia, reflecting a CAGR of over 14% with the penetration of key players with premium products.

Request Sample PDF Brochure:
https://www.futuremarketinsights.com/reports/sample/rep-gb-11841 

Impact of COVID-19 on the Market

The outbreak of the novel coronavirus has resulted in an economic downswing owing to disruptions in business operations in various verticals. The retail industry is one of the hardest hit sectors in this crisis. Reduction in the overall discretionary spending, is a temporary challenge for the players.

Many daycare centers and pet hotels were made temporarily non-operational, which has further caused a temporary decrease in the overall revenue of the pet care market. In light of this situation, players are now focused on improving online penetration, as this provides an opportunity to access a wider consumer base at once within minimum costs.

Who is Winning?

Major players present in the pet care market are focusing on aggressive promotional strategies, advertisements, and new product launches have driven sales growth of pet care products and services globally.

Some of the leading players in the industry are Procter & Gamble Co., JM Smucker Co, Nestlé Purina Pet Care Co, Monge & C. Spa, Hill’s Pet Nutrition SNC, Royal Canin SAS, Affinity Petcare France SA, Champion Pet Foods LP, Cargill, C & D Foods, Aller Petfood, Bob Martin, Blue Buffalo Co. Ltd., Cambrian Pet Foods Ltd., Crosswind Industries Inc., and Crown Pet Foods Ltd., among others.

Inquire Before Buying This Research Report:
https://www.futuremarketinsights.com/ask-question/rep-gb-11841

Pet Care Market by Category

By Service:

  • Product
    • Pet Food
    • Pet Healthcare
    • Fashion, Toys, and Accessories
  • Professional Service
    • Day Care
    • Grooming Boarding
    • Pet Breeding and Training
  • Value Added Services
    • Insurance
    • Veterinary Care
    • Pharmacy
    • Adoption and Charity
    • Crisis Relief Service

By Pet Type:

  • Dogs
  • Cats
  • Birds
  • Fish and Reptiles
  • Small Pets
  • Horses & Other Livestock

By Service Channel:

  • Modern Trade
  • Convenience Stores
  • Care Services Centres
  • Veterinary Clinics
  • Online Retails
  • Support Care Centres
  • Pet Specialty Stores

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

Get Valuable Insights into Pet Care Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global pet care market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the pet care market based on the service (product{ pet food, pet healthcare, fashion, toys, and accessories}, professional service {day care, grooming boarding, pet breeding and training} value added services {insurance, veterinary care, pharmacy, adoption and charity, crisis relief service}) pet type (dogs, cats, birds, fish and reptiles, small pets, and horses & other livestock), service channel (modern trade, convenience stores, care services centres, veterinary clinics, online retailers, support care centres and pet specialty stores across seven major regions.

Read Related Reports:

https://medium.com/@akshay.shinde.vu/car-rental-service-market-2022-outlook-current-and-future-industry-landscape-analysis-2031-56a1c45f3e1a
https://ext-6024479.livejournal.com/13704.html
https://www.patreon.com/posts/car-rental-2022-66310605?utm_medium=clipboard_copy&utm_source=copy_to_clipboard&utm_campaign=postshare

https://medium.com/@akshay.shinde.vu/shisha-tobacco-market-2022-outlook-current-and-future-industry-landscape-analysis-2032-1f47a97edb8

About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                    

Future Market Insights,
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedInTwitterBlogs

Leave a comment

Your email address will not be published. Required fields are marked *