Pet Stores in the US - Industry Research Report

Man's best friend: Vigorous competition from online retailers, mass merchandisers and discount department stores will likely limit industry growth

The Pet Stores industry has prospered over the past five years due to improvements in household finances and, rising pet ownership among millennials. Therefore, pet parents have increasingly lavished their pets with premium food products, designer pet accessories and luxury grooming services. The industry has expanded steadily during the period despite mounting competition from supermarkets, mass merchandisers and online retailers that offer similar products at greater convenience and competitive prices. Traditional brick-and-mortar establishments have successfully positioned themselves as pioneers and exclusive providers of high-quality food and service offerings, such as grooming or daycare. Over the five years to 2023, the analyst expects industry revenue to rise an annualized 4% to $29.4 billion, including 0.3% growth in 2023 alone.

Pet stores sell a variety of pets, including dogs, cats, fish and birds. Stores also sell pet foods and supplies, such as collars, leashes, health and beauty aids, shampoos, medication, toys, containers, kennels and furniture. Some stores also offer pet services, such as grooming, training and daycare.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.