+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Pet Care - Global Market Trajectory & Analytics

  • PDF Icon

    Report

  • 571 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5027956

Global Pet Care Market to Reach $241.1 Billion by 2026


Pet care comprises of a wide variety of products and services for taking care of pet animals. The emergence of pets as family members is driving consumer spending on pet care. Increasing pet ownership has pushed global spending on pet care products like treats, healthcare, toys and other accessories. Stay-at-home restrictions due to COVID-19 outbreak have presented the perfect opportunity for pet ownership and spend time with pets. These benefits are creating strong demand for pets and driving pet adoption rates. Factors such as higher disposable incomes and nuclear families are driving the adoption of pets, driving the pet care market. In addition, the growing popularity of online channels along with the option to connect with professionals such as veterinarians remotely through telehealth or other online options is driving the pet care market. Pet owners are opting for premium products for their pets including products such as organic pet foods, and pet grooming services among others. The market growth is facilitated by increasing shift from traditional foods toward gourmet options, prompting brands to offer innovative products. In addition, the involvement of millennial customers who are willing to purchase organic products and spend on high-end pet hotels is expected to present new growth opportunities. Technology is enabling advanced products for pet care, including pet cams, automated feeders, pet tracking wearables, and pet tracking apps to keep track of pet maintenance.

Amid the COVID-19 crisis, the global market for Pet Care estimated at US$193.5 Billion in the year 2022, is projected to reach a revised size of US$241.1 Billion by 2026, growing at a CAGR of 5.2% over the analysis period. Pet Food, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$113.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Veterinary Care segment is readjusted to a revised 5.1% CAGR for the next 7-year period. Rise in the number of pets around the world, and rising disposable incomes of people over the years are driving growth in the pet foods market. Demand for pet foods is also being favored by the trend towards online purchases of pet foods and the growing influence of clean labeling regulations. Veterinary care is becoming an increasingly important aspect of pet care. The segment covers routine veterinary care, and sales of pharmaceuticals products.

The U.S. Market is Estimated at $82.8 Billion in 2022, While China is Forecast to Reach $7.9 Billion by 2026


The Pet Care market in the U.S. is estimated at US$82.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7.9 Billion by the year 2026 trailing a CAGR of 7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 5.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR. Developed economies in North America and Europe are the largest spenders on pet care. Higher disposable incomes and nuclear families have resulted in large adoption of pets in these markets. In addition, established pet care services in these markets are aiding growth of the market. The humanization trend is further aiding demand for a range of pet care products and services. China represents a promising regional market for pet care, due to rising adoption of pets and companion animals in the country.

OTC/Supplies Segment to Reach $51.3 Billion by 2026


The rising awareness about pet health and diseases are leading to an increase in demand for OTC pet medications. The availability of OTC drugs at competitive prices and through various distribution outlets is contributing to a rise in sales. Among the various medications, the demand is high for flea & tick and pain relief and arthritis products. This is due to the fact that flea allergy, dermatitis and lyme disease are most commonly occurring diseases in pets, which are transmitted by fleas and ticks. In the global OTC/Supplies segment, USA, Canada, Japan, China and Europe will drive the 5.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$32.2 Billion will reach a projected size of US$46.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.2 Billion by the year 2026, while Latin America will expand at a 6.8% CAGR through the analysis period.

Digital Revolution Transforms Pet Care Distribution Landscape


Despite the fact that supermarkets/hypermarkets make up the largest chunk of the cat and dog food distribution channels, a definite shift in favor of pet stores and superstores has been witnessed in the past. Markets with increased customer awareness about wellness and health beverages pertaining to humans, offer a good opportunity to invest in the category for wellness and health pet food. In order to advertise premium category of wellness and health pet food offerings, word-of-mouth could be used via some particular channels. Due to affordable cost, accessibility as well as convenience, the growing segment for Internet retailing significantly affected the non-store channel. Moreover, social networking is expected to be a primary source for social interaction and significant in all the current marketing channels. Dog food makers implement distribution strategies that include setting up online stores and leveraging the networks of grocery stores by engaging into liaisons with their owners. As a part of the strategy, some manufacturers are also providing grocery coupons pertaining to their products, in order to motivate the customers to buy food brands from these grocery stores.

Further, the Internet is emerging as an important platform for the growth of the pet food market. While the retailer network plays an important part in sustaining the momentum of pet food market`s growth, the Internet revolution continues to grow rapidly offering significant opportunities for brand owners and consumers. With trans-border online sales continuing to grow, e-retailers are expected to seriously challenge the dominance of multinational brands. While the prevailing trend of new companies from developing economies entering the pet food market expected to be sustained, the worldwide pet food market is likely sustain its growth. However, going forward, the ability of the pet food industry to exploit the opportunities offered by sustained humanization of pets and extended reach of online retailers, and sustain its growth, would be contingent upon the industry`s ability to keep pace with emerging consumer demands.

Select Competitors (Total 197 Featured):

  • Ancol Pet Products Limited
  • Blue Buffalo Co., Ltd.
  • Champion Petfoods LP
  • Hill`s Pet Nutrition, Inc.
  • Mars Incorporated
  • Nestle Purina PetCare
  • Petmate
  • Saturn Petcare GmbH
  • Tail Blazers
  • The Hartz Mountain Corporation
  • The J.M. Smucker Company
  • Unicharm Corporation

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Pet Care

What is the estimated value of the Global Market for Pet Care?

The Global Market for Pet Care was estimated to be valued at $193.5 Billion in 2022.

What is the growth rate of the Global Market for Pet Care?

The growth rate of the Global Market for Pet Care is 5.7%, with an estimated value of $241.1 Billion by 2026.

What is the forecasted size of the Global Market for Pet Care?

The Global Market for Pet Care is estimated to be worth $241.1 Billion by 2026.

Who are the key companies in the Global Market for Pet Care?

Key companies in the Global Market for Pet Care include Ancol Pet Products Limited, Blue Buffalo Co., Ltd., Champion Petfoods LP, Hill`s Pet Nutrition, Inc., Mars Incorporated, Nestle Purina PetCare, Petmate, Saturn Petcare GmbH and The Hartz Mountain Corporation.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 Pandemic on Pet Industry
  • Disruptions in Meat and Poultry Supply Chain Affecting Pet Food Market
  • Online Channels Emerge as Bright Spot
  • An Introduction to Pet Care
  • Global Pet Care Market: Prospects & Outlook
  • Dogs & Cats: Major Categories of Pet Care Market
  • Pet Food Leads the Global Pet Care Market
  • Developed Regions Lead, Developing Economies to Spearhead Future Growth
  • Rise in Pet Ownership Spurs Demand for Pet Care Products
  • Pet Facts Around the World: Snapshot
  • Global Pet Dog Population: Top Countries Ranked by Number of Pet Dogs (in Million)
  • Global Pet Cat Population: Top Countries Ranked by Number of Pet Cats (in Million)
  • Global Pet Birds Population: Top Countries Ranked by Number of Pet Birds (in Million)
  • Millennial Generation Leads Ownership of Pets
  • Global Millennial Population by Select Country in Million: 2019
  • Competition
  • Market Share of Leading Players in Global Pet Food Market: 2019
  • Players Eye Acquisitions to Strengthen Portfolio
  • Recent M&A Activities in the Global Pet Food Market
  • World Brands
  • Recent Market Activity
  • Pet Care - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Notable Trends with Major Significance for Global Pet Care Market
  • Shift towards Sustainable Products
  • Custom-made Foods & Products with Healthy Ingredients
  • Telemedicine Gaining Prominence
  • Advanced Wearable Collars
  • Gains for Private Brands
  • Online Ordering & Social Media
  • Pet Humanization Trends Drives Pet Owners in Increase Spending on Pet Care Products
  • Pet Humanization Paves Way for Premiumization
  • Pet Dogs Used as Stress Buster in Organizations
  • Pet Health & Wellness: An Overriding Theme in the Pet Care Market
  • Functional Pet Treats Grow in Importance
  • Pet Foods Segment: Driven by Passion for Pets
  • Premiumization Trends Find Favors Intensifies in Pet Foods
  • Dry Food Preferred Over Wet Foods
  • Rise in Preference for Raw Pet Foods and Animal Protein
  • Rising Demand for Pet Nutraceuticals Adds New Growth Opportunities
  • Driven by Rising Prevalence of Zoonotic and Foodborne Diseases, Spending on Pet Care Rises
  • OTC Pet Medications: Growing Awareness about Pet Health Supports Demand
  • North America OTC Pet Medication Market by Application (in %): 2020E
  • Pet Grooming Services: Focus on Appearance and Hygiene Drives Growth
  • US Pet Grooming Services Market by Service Type (in %): 2020E
  • Pet Grooming Products Gain Popularity
  • Pet Insurance Finds Acceptances among Pet Owners
  • Global Pet Insurance Market by Sales Channels, 2020E
  • Direct-to-Consumer Business Model Supports Personalization in Pet Care Market
  • Emerging Trends in the Pet Technology to Transform Pet Care Market
  • Advent of Innovative Technologies Improves Veterinary Treatment Services
  • Select Innovations in Pet Care Industry
  • Telemedicine Set to Bring About Significant Changes to Veterinary Care
  • Digital Revolution Transforms Pet Care Distribution Landscape
  • Major Retail Channels in the Pet Food Industry
  • E-Commerce Platforms Register Dramatic Growth
  • Global Pet Care E-Commerce Market by Product Type (in %): 2020E
  • Global Wet Pet food Market by Distribution Channel (in %) for 2020E
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Pet Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Pet Care Products Market in the US
  • COVID-19 Impact on the US Pet Food Market
  • COVID-19 Impact on Pet Food Market: YoY Sales Growth of Dog Food & Cat Food in the US for the 2nd Week and 3rd Week March 2020
  • Consumers Stock up on Pet Food and Adopt Online Ordering
  • Manufacturers Increase Production and Navigate Supply Chains
  • Facilities Implement Stringent Sanitation and Safety Protocols
  • Pet Food Brands Give Back to their Communities
  • Pet Food Market Poised for Stable Growth
  • Pet Food Market in the US by Product Type (in %) for 2020
  • Special-Diet for Pets Gain Momentum
  • Health of Pets Takes Center Stage
  • COVID-19 Impacts Demand for Premium Foods, as Consumers Trade Down to Low Cost Alternatives
  • Pet Nutraceuticals Adds to Growth
  • Exotic Pet Foods: A Niche Category
  • Concerns over Pet Obesity Draws Demand for Therapeutic and Functional Pet Food
  • Number of Obese or Overweight Cats and Dogs in Million and as % of Total Population in the US
  • Pet Expenditure and Pet Ownership Trends Determine Dynamics of Pet Care Market
  • Pet Ownership in the US: Number of Households Owning a Pet (in Million) for 2019
  • Number of Owned Pets in the US (in Million) for 2019
  • Pet Ownership in the US by Generation (in %): 2019
  • Millennial Pet Ownership by Gender: % of Men and Women Owning Dogs and Cats in the US
  • Pet Food Packaging Plays a Vital Role in Pet Care Market
  • Challenges Facing the Pet Food Industry
  • Competition
  • Leading Players in the US Cat Treat & Beverage Market in % of Value Sales: 2019
  • Dog Biscuit, Treat & Beverage Market Breakdown (in % of Value Sales) in the US: 2019
  • US Frozen Dog Food Market: Leading Competitors Market Share (in %) for 2019
  • US Wet Dog Food Market Share Breakdown (in %) by Leading Players for 2019
  • US Wet Cat Food Market by Leading Competitor (in %): 2019
  • Leading Dry Dog Food Players in the US: Market Share Breakdown (in %) for 2019
  • US Dry Cat Food Market Share Breakdown (in %) by Leading Players for 2019
  • Distribution Scenario
  • Pet Food Market in the US by Distribution Channel (in %): 2019
  • e-Commerce Disrupts the Distribution Scenario
  • US Pet Foods Market Breakdown of Sales by Online Retailer (in %): 2019
CANADA
JAPAN
  • Pet Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview
  • Competition
  • Japanese Pet Food Market Breakdown of Sales (in %) by Company: 2019
  • Distribution Scenario
  • Japanese Pet Food Market by Distribution Channel (in %) for 2020E
CHINA
  • Pet Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Pet Care Market in China: An Overview
  • Pet Population in China by Pet (in %) for 2019
  • Pet Ownership in China: Percentage Breakdown of Dog and Cat Owners by Age Group for 2019
  • Pet Foods: The Largest Segment
  • Distribution Channels for Pet Foods
  • Pet Grooming Products & Health Supplements Find Acceptance
EUROPE
  • Pet Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Pet Ownership Trends in Europe
  • A Glance at Pet Statistics in Europe
  • European Pet Market: Number of Households with At least One Dog or Cat in 2019
  • European Pet Population by Category (in Million): 2018
  • Number of Pet Cats by Select European Countries (in Million): 2018
  • Number of Pet Dogs by Select European Countries (in Million): 2018
  • Pet Ownership in Europe by Country: Percentage Share of People Living with Dogs, Cats, Birds and Fish for 2018
  • European Pet Food Market by Pet Population (in %) for 2019
  • Pet Nutraceuticals Market Gain Traction
FRANCE
  • Pet Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Pet Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
  • Pet Foods Market in Germany: An Overview
  • Pet Population in Germany: Breakdown (in %) by Pet Type for 2020
  • Pet Dog Population (in Million) in Germany for 2010-2018
  • German Pet Foods Market Breakdown of Sales (in %) by Distribution Channel: 2020E
ITALY
  • Market Overview
  • Pet Ownership in Italy: Number of Pets in Million by Pet Type for 2019
UNITED KINGDOM
  • Pet Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
  • UK Pet Food Market: An Overview
  • Pet Ownership in the UK: % of Households Owning Pets by Pet Type for 2019/20
  • Dog Population in the UK: % Population with Dogs for 2019
  • Pet Foods Market Breakdown of Sales (in %) by Distribution Channel for 2020E
  • UK Pet Food Market Breakdown by Leading Competitors: 2019
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Pet Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
AUSTRALIA
  • Pet Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
  • Pet Foods Market in Australia
INDIA
  • Pet Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Pet Care Market in India: An Overview
  • COVID-19 Dampens Consumer Demand for Pet Care Services and Products in India
  • Rising Pet Ownership to Sustain Demand for Pet Foods in India
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Pet Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINA
BRAZIL
  • Impact of COVID-19 on Pet Sector in Brazil
MEXICO
  • Impact of COVID-19 on Mexican Pet Food Suppliers
  • COVID-19 Leads to Price Reduction of Premium Products
  • Online Pet Food Retailing Set to Grow
REST OF LATIN AMERICA
MIDDLE EAST
  • Pet Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
AFRICA
  • Pet Care Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 197

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Ancol Pet Products Limited
  • Blue Buffalo Co., Ltd.
  • Champion Petfoods LP
  • Hill`s Pet Nutrition, Inc.
  • Mars Incorporated
  • Nestle Purina PetCare
  • Petmate
  • Saturn Petcare GmbH
  • Tail Blazers
  • The Hartz Mountain Corporation
  • The J.M. Smucker Company
  • Unicharm Corporation