Pet Care Market Size to Grow by USD 48.94 Billion | Market research highlights shift in preference towards natural and organic pet care products as key driver

Supplier Information

The pet care market is fragmented and vendors are deploying growth strategies such as expanding their presence worldwide to compete in the market. The report analyzes the competitive landscape of the market and offers information about several vendors in the market including:

  • Beaphar Beheer BV
  • Colgate-Palmolive Co.
  • heristo SA
  • Inter IKEA Holding B.V.
  • Laroy Group
  • Mars Inc.
  • Nestlé SA
  • Spectrum Brands Holdings Inc.
  • The JM Smucker Co.
  • Unicharm Corp.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read a free sample report.

Geographic Market Analysis

Pet care market will be dominated by North America. According to Technavio, the region will represent 36% of market growth over the forecast period. the we is a key country for the pet care market in North America. However, the market growth rate in North America will be Slow down than market growth in other regions. the strong demand for natural and premium products will drive the growth of the pet care market by North America during the forecast period.

Learn more about the geographical distribution of this market along with the detailed analysis of major regions. View our report preview

Analysis of key segments

the segments dogs will have significant growth in the market share of the pet care market over the forecast period. Dogs are the most popular pets, followed by cats. They are known to reduce anxiety, stress and depression; relieve loneliness; improve cardiovascular health and encourage exercise. People who live in flats and apartments and do not have a garden or porch where their pets can live prefer pet furniture. These factors are expected to drive the global pet care market in this segment.

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Key Market Drivers and Challenges:

the change in preference to natural and organic pet care products is one of the key factors driving the growth of the pet care market. Due to the humanization of pets, pet owners have become more and more aware of their pets’ health. This has led to an increase in demand for natural and organic pet care products which are perceived to be high quality, safe and nutritious. These factors are considered by the market competitors while manufacturing pet care products to differentiate themselves from their competitors and meet the demands of the customers. Pet food is one of the major segments of the global pet care market. This segment has seen an increase in the number of natural and organic offerings from market competitors.

the growing awareness of pet allergies among people is expected to be a major challenge for the pet care market. Animals can carry harmful bacteria, such as Campylobacter jejuni and cryptosporidiosis, due to exposure to polluted wind and water. These diseases can be transmitted to humans, especially children. Many furry and feathered animals, namely cats, rodents, and birds, cause allergies such as pet dander in humans. These allergies affect people with weakened immune systems. Therefore, some people do not prefer to adopt pets. All of these factors can potentially have a negative effect on the pet care industry. This, in turn, may affect the sales of pet care products over the forecast period.

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Related reports:

Pet Insurance Market by Pet Type and Geography – Forecast and Analysis 2022-2026

Pet Accessories Market by Distribution Channel, Product, End User and Geography – Forecast and Analysis 2021-2025

Pet Care Market Scope

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 5.18%

Market Growth 2021-2025

$48.94 billion

Market structure

Fragmented

Annual growth (%)

4.09

Regional analysis

North America, Europe, APAC, Middle East and Africa and South America

Successful market contribution

North America at 36%

Main consumer countries

United States, China, Germany and United Kingdom

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled companies

Aller Petfood LLC, Ancol Pet Products Ltd., Beaphar Beheer BV, BOSHEL Store, Champion Petfoods, Colgate-Palmolive Co., General Mills Inc., heristo AG, Inter IKEA Holding BV, Laroy Group, Mars Inc., Nestle SA, Nicoluzzi Industria de Racoes Ltda, Schell and Kampeter Inc., Spectrum Brands Holdings Inc., The JM Smucker Co., Unicharm Corp., WellPet LLC, Woofies Pet Sitters, Dog Walkers Mobile Pet Spa

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Status Analysis for the Forecast Period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

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Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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