The Drive for Companionship Creates Never Ending Demand for Pet Care Products
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The need for a companion is the main force that is pushing the pet care market to grow. The North American pet care market is currently a booming market. Pet care services such as grooming, training, and adoption are becoming more popular. In this regard, the millennial plays a significant role in pet adoption because they regard pets as humans and want to care for and provide for them.This report comes with 10% free customization, enabling you to add data that meets your specific business needs.
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According to the report, ‘North America Pet Care Market Outlook, 2027’, the market was valued at around USD 64 billion in 2021. Furthermore, the North American market is anticipated to grow at more than 3.5% CAGR during the forecast period. North America is the largest region in the pet care market globally. North America’s pet care market is highly supported by the dynamic growth and revenue generated from countries like the USA, Mexico, and Canada. Currently, technology is also having an impact on the pet care industry in the region. One of the trends experienced in the market is dedicated pet apps, which are specially developed for pets. It allows pet owners to keep track of their pets' health habits, nutritional intake, and playtime.
Pet food is the largest segment of North America’s pet care. Growing attraction towards healthy, nutritious, and organic foods has been experienced as a major trend in the market. The North American pet food market has grown significantly during the historic period, where the revenue from dog and cat food has been registered the highest. The region’s pet service segment such as healthcare, accessories, and grooming products has diverted the attention of consumers to provide the pets with new aged facilities. Pet owners nowadays are more inclined towards taking the utmost care of their pets, which has resulted in the consumer’s attraction towards pet grooming services. For such a growing attraction, the grooming segment of the pet service sector has grown at the fastest pace historically and will continue to show the same trend in the coming years.
The North American pet grooming market growth evaluation includes the analysis of Canada and the United States. In the United States, dogs are the most popular household pet. As per the AVMA (American Veterinary Medical Association), more than 76 million pet dogs are cared for by 48 million households. The other preferred animals include reptiles, rabbits, and fish. Fish are the third most popular pet in the country, with almost 12% of households having at least one fish. Additionally, according to a Reptile Cove Survey, there are 9.4 million pet reptiles across the US, with each pet household having a reptile or two. Besides, hamsters, poultry, and rabbits are also widely adopted as pets in the US. Moreover, the presence of leading pet grooming product companies, the rising awareness of pet health, and increasing disposable income offer growth opportunities.
An increasing number of consumers are embracing pet owners and pet-loving lifestyles, which is accelerating the trend of pet humanization. Pet humanization is influencing the market growth with a rising number of companies engaged in launching interesting and premium pet care products. An increase in animal expenditure across the globe is contributing to the market growth. Growing pet adoption across the globe and the rising prevalence of food-borne and zoonotic diseases are some of the factors further uplifting the market growth. In addition, pet care market growth is majorly driven by the increasing demand for protein and other supplements in animal food and a growing preference for pet insurance.
In addition, the growing prevalence of the COVID-19 pandemic is urging the American population in the U.S. to foster and adopt animals. According to the obtained data, there are approximately more than 300 million pets in America. Furthermore, the American Society for the Prevention of Cruelty to Animals (ASPCA) predicts a 70% increase in animal fostering care in New York City and Los Angeles in 2020. Hence, the above-mentioned factors will significantly foster the growth of the North American pet care market in the coming years. In addition to that, growing demand for pet insurance across the region will stimulate the North American pet care market's growth. The cost of pet care is increasing with the technological advancement of veterinary medicine. This can be attributed to high costs associated with the equipment, facilities, and training required to provide these higher-quality services. Thus, pet health insurance helps by offsetting some of the costs of treating and managing illness or injury and diagnosing. Consequently, the demand for pet insurance has considerably surged in the last few years.
COVID-19 Impacts:
Most of the consumers in the market grappled with the onset of the COVID-19 pandemic, in terms of stockpiling pet food products, by switching to the e-commerce retail platforms after being compelled by several restrictions levied on the brick-and-mortar stores and the disruption of the overall supply channel in general. However, major players have shifted their focus from retail stores to e-commerce platforms by increasing their investments in developing their websites. Thus, this pandemic did not affect the market much.Major companies present in the market
Nestle SA, Mars Incorporated, Colgate-Palmolive, J M Smucker, Blue-Buffalo, Champion Pet Foods, United Pet Group, a Spectrum Brands Company, PLB International, Scott Pet, Inc., Unicharm Corporation, Laroy Group, Well PetConsidered in this report
- Geography: North America
- Historic year: 2016
- Base year: 2021
- Estimated year: 2022
- Forecast year: 2027
Aspects covered in this report
- North America pet care market with its value and forecast along with its segments
- Country-wise pet care market analysis
- Various divers and challenges
- Ongoing trends and developments
- Five force models
- Top profiled companies
- Strategic recommendation
Countries covered in the report
- USA
- Canada
- Mexico
Segment covered in the report
- Pet foods
- Pet healthcare
- Pet accessories
- Pet grooming
By Pet Type in the report
- Dog Food
- Cat Food
- Fish Food
- Bird Food
- Others
By Food Type in the report
- Dry Food
- Wet or Canned
- Snacks and treats
- Others
Table of Contents
1. Executive Summary2. Report Methodology4. Economic /Demographic Snapshot5. Global Pet Population Analysis12. Policy and Regulatory Landscape14. Market Trends and Developments16. Strategic Recommendations17. Disclaimer
3. Market Structure
6. Global Pet Care Market Outlook
7. Global Pet Food Market Outlook
8. Global Pet Healthcare Market Outlook
9. Global Pet Accessories Market Outlook
10. Global Pet Grooming Market Outlook
11. North America Pet Care Market Outlook
13. Market Dynamics
15. Competitive Landscape
List of Figures
List of Tables
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Nestle SA
- Mars Incorporated
- Colgate-Palmolive
- J M Smucker
- Blue-Buffalo
- Champion Pet Foods
- United Pet Group Inc
- PLB International
- Scott Pet, Inc.
- Well Pet
- Proveedora La Perla S.A. de C.V.