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Pet Care Market Report and Forecast 2024-2032

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    Report

  • 175 Pages
  • June 2024
  • Region: Global
  • Expert Market Research
  • ID: 5982179

Market Outlook

According to this report, the global pet care market size reached a value of USD 195.69 billion in 2023. Aided by the growing awareness of animal welfare and well-being, the market is projected to further grow at a CAGR of 5.9% between 2024 and 2032 to reach a value of USD 327.83 billion by 2032.

Pet care encompasses a broad range of products and services aimed at ensuring the well-being of pets, including pet food, grooming products, healthcare services, and accessories. The industry has witnessed substantial growth over the past decade, driven by a surge in pet ownership and the humanization of pets, where pets are increasingly viewed as family members. This trend has led to increased spending on premium products and services.

One of the primary drivers of the pet care market growth is the rising pet ownership rate. Factors such as urbanization, smaller family sizes, and increasing loneliness have contributed to more people adopting pets. Additionally, the humanization of pets, where owners treat pets as integral members of their families, has significantly boosted the demand for high-quality pet care products and services. This shift in perception has led to increased spending on premium pet food, grooming products, and healthcare services, fuelling market growth.

The growing awareness of pet health and wellness is another key factor propelling the pet care market expansion. Pet owners are increasingly recognizing the importance of proper nutrition, regular veterinary care, and preventive healthcare for their pets. This awareness has led to a surge in demand for nutritionally balanced pet food, dietary supplements, and veterinary services. Furthermore, the rise in chronic diseases among pets, such as obesity, diabetes, and arthritis, has driven the demand for specialized healthcare products and services while supporting the market growth.

Rising disposable incomes globally have played a crucial role in the growth of the market. Higher disposable incomes enable pet owners to spend more on premium pet care products and services, including organic and natural pet food, luxury grooming products, and advanced veterinary care. This trend is particularly evident in emerging economies, where increasing affluence has led to a rise in pet ownership and greater expenditure on pet care while playing an important role in the global pet care market development.

Technological advancements and product innovation have significantly contributed to the growth of the market. The development of advanced pet food formulations, smart pet care devices, and innovative grooming products has enhanced the quality and convenience of pet care. For instance, the introduction of wearable devices for pets that monitor their health and activity levels has gained popularity among tech-savvy pet owners. Additionally, the availability of personalized pet food, tailored to meet specific dietary needs, has further driven market growth.

The expansion of e-commerce and online retail has also played a vital role in the market. The convenience of online shopping, coupled with a wide range of product options and competitive pricing, has encouraged pet owners to purchase pet care products online.

As per the pet care market analysis, North America holds the largest share of the market, driven by the high pet ownership rates, rising disposable incomes, and growing awareness of pet health and wellness. The presence of major market players and the availability of a wide range of premium pet care products and services have further propelled the market growth in this region. Additionally, the increasing adoption of pet insurance and the trend of pet humanization have significantly contributed to the growth of the regional market.

The Asia Pacific region is expected to witness significant growth during the forecast period, driven by the rising disposable incomes, increasing pet ownership rates, and growing awareness of pet health and wellness. The rapid urbanization and changing lifestyles have led to a surge in demand for premium pet care products and services in this region. Additionally, the presence of a large pet population and the increasing adoption of Western pet care practices have further propelled the market growth in the Asia Pacific region.

The pet care market is poised for significant growth in the coming years, driven by the rising pet ownership rates, growing awareness of pet health and wellness, and increasing disposable incomes. The trend of pet humanization and the expansion of e-commerce and online retail are further expected to boost the market growth. With major market players focusing on product innovation and strategic partnerships, the global market is set to witness substantial advancements, offering numerous opportunities for growth and development.

Market Segmentation

The market can be divided based on pet type, product type, distribution channel and region.

Market Breakup by Pet Type

  • Dog
  • Cat
  • Fish
  • Bird
  • Others

Market Breakup by Product Type

  • Pet Food
  • Wet/Canned
  • Dry Food
  • Treats/Snacks
  • Veterinary Care
  • Pet Grooming

Market Breakup by Distribution Channel

  • Supermarkets and Hypermarkets
  • Pet Stores
  • Veterinary Clinic and Pet Medical Shops
  • Online Retailers
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global pet care market. Some of the major players explored in the report are as follows:
  • Mars, Incorporated
  • Nestlé S.A.
  • Blue Buffalo Company, Ltd.
  • Hill's Pet Nutrition, Inc.
  • The J.M. Smucker Co.
  • Ancol Pet Products Limited
  • The Hartz Mountain Corporation
  • Heristo AG
  • Doskocil Manufacturing Company, Inc (Petmate)
  • Drools Pet Food Pvt. Ltd.
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Pet Care Market Analysis
8.1 Key Industry Highlights
8.2 Global Pet Care Historical Market (2018-2023)
8.3 Global Pet Care Market Forecast (2024-2032)
8.4 Global Pet Care Market by Pet Type
8.4.1 Dog
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Cat
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Fish
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Bird
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Pet Care Market by Product Type
8.5.1 Pet Food
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.1.3 Breakup by Type
8.5.1.3.1 Wet/Canned
8.5.1.3.2 Dry Food
8.5.1.3.3 Treats/Snacks
8.5.2 Veterinary Care
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Pet Grooming
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Pet Care Market by Distribution Channel
8.6.1 Supermarket And Hypermarket
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Pet Stores
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Veterinary Clinic and Pet Medical Shops
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Online Retailers
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Pet Care Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Pet Care Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Pet Care Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Pet Care Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Pet Care Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Pet Care Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Mars, Incorporated
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Nestlé S.A.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Blue Buffalo Company, Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Hill's Pet Nutrition, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 The J.M. Smucker Co.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Ancol Pet Products Limited
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 The Hartz Mountain Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Heristo AG
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Doskocil Manufacturing Company, Inc (Petmate)
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Drools Pet Food Pvt. Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Table
1. Global Pet Care Market: Key Industry Highlights, 2018 and 2032
2. Global Pet Care Historical Market: Breakup by Pet Type (USD Billion), 2018-2023
3. Global Pet Care Market Forecast: Breakup by Pet Type (USD Billion), 2024-2032
4. Global Pet Care Historical Market: Breakup by Product Type (USD Billion), 2018-2023
5. Global Pet Care Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
6. Global Pet Care Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. Global Pet Care Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8. Global Pet Care Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Pet Care Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Pet Care Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Pet Care Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Pet Care Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Pet Care Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Pet Care Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Pet Care Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Pet Care Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Pet Care Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Pet Care Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Pet Care Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Pet Care Market Structure

Companies Mentioned

  • Mars, Incorporated
  • Nestlé S.A.
  • Blue Buffalo Company, Ltd.
  • Hill's Pet Nutrition, Inc.
  • The J.M. Smucker Co.
  • Ancol Pet Products Limited
  • The Hartz Mountain Corporation
  • Heristo AG
  • Doskocil Manufacturing Company, Inc (Petmate)
  • Drools Pet Food Pvt. Ltd.

Methodology

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Table Information