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Global Pet Care E-Commerce Market - Forecasts from 2022 to 2027

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    Report

  • 135 Pages
  • August 2022
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5649067

The Global Pet Care E-Commerce market was valued at US$38.366 billion in 2020 and will grow at a CAGR of 12.49% to reach a market value of US$87.433 billion in 2027.



The growing adoption of pets worldwide is the major driver of the global pet care e-commerce market. Rising disposable incomes and living standards are encouraging people to own expensive pets. As such, the expenditure on the well-being of pets is also increasing across the globe. With growing internet penetration and the proliferation of smartphones, the booming e-commerce industry is offering pet care product owners the opportunity to sell their products online and expand their market reach. Thus, increasing internet penetration and the growing tech-savvy pet owner population is also significantly driving the growth of the global pet care e-commerce market.

Furthermore, the increasing number of companies offering various pet care online services is further intensifying the competition in the industry, thereby driving the global pet care e-commerce market growth. In June 2019, Rover launched an in-home pet grooming service to increase its share in the pet care industry. An increased number of pet owners buying insurance policies for their pets further boosts the market growth. In 2018, Petco announced the acquisition of the leading pet insurance marketplace- PetInsuranceQuotes.com- to help pet owners find the right insurance plan for their pets.

The recent COVID-19 pandemic outbreak has positively impacted the growth of the global pet care e-commerce market. Nationwide lockdowns and mandatory social distancing measures have shifted the purchasing preference of pet owners from regular offline stores to online stores. With many bricks-and-mortar pet stores closed due to the pandemic, e-commerce market players have witnessed record growth in sales. Chewy.com, for example, reported a 46.2 percent increase in sales to $1.62 billion, and the company sold more than $1 billion through its auto-ship program for the first time. For instance, Chewy.com reported a rise in sales by 46.2 percent to $1.62 billion, and the company sold more than $1 billion through its auto-ship program for the first time. With millions of people now working from home, there has been a spike in demand for pets, especially dogs, to keep them company during the pandemic. The U.K. is facing a puppy shortage as demand for new pets has skyrocketed since the lockdown, with prices having surged and an increase in waiting lists for new puppies.

The dog segment holds the major market share.

By pet type, the global pet care e-commerce market has been segmented as follows: dogs, cats, and others. The pet care e-commerce market across the dog segment accounts for the largest market share throughout the forecast period. Dogs are the most preferred and popular pets owing to their loyal behaviour and emotions toward humans. People are adopting dogs as pets to reduce their depression and stress. According to the Pet Food Manufacturers’ Association (PFMA) 2018 report, 6.6 million households in the United Kingdom own a dog compared to only 5 million U.K. households owning a cat as a pet. However, the cat segment is projected to witness a considerable compound annual growth rate during the forecast period. This is because many people adopt cats as they are relatively low maintenance, require less veterinary care, and require less training.

Europe is the major Pet Care E-Commerce market.

The global pet care e-commerce market has been segmented into the five major regional markets- North America, South America, Europe, Middle East and Africa (MEA), and Asia Pacific (APAC). North America accounted for a significant share of the global pet care e-commerce market in 2019 and is projected to grow at a decent CAGR during the forecast period. A rapidly growing number of pet owners in countries like the United States and Canada is the major driver of the growth of this regional market. The presence of a well-established e-commerce industry coupled with major market players also contributes to the growth of this region's pet care e-commerce market. With increasing spending on the well-being of pets, the demand for pet care e-commerce services is growing rapidly, thus positively impacting the market growth. According to the APPA (American Pet Products Association), total U.S. pet industry expenditure is projected to reach US$99 billion by 2020, from US$90.5 billion in 2018. Asia Pacific (AAPC) is projected to showcase lucrative growth between 2019 and 2025 because of the rising number of pet owners in APAC countries with rising disposable income and living standards. Growing awareness among pet owners about their pets' good health, supported by the booming e-commerce industry, will continue to drive the growth of this regional market during the forecast period.

Covid-19 Impact

According to proven industry players, the COVID-19 disease outbreak has had a positive impact on the market. The shift in procurement preferences from traditional brick-and-mortar systems to online stores has accelerated the growth of this market. According to financial results, Walmart's U.S. eCommerce sales increased by 74.0 percent in 2020. Similarly, Amazon United States saw an 8.4% increase, and Amazon Saudi Arabia saw a rise of 316.4% in 2020 (Source: Ecommercedb) Chewy.Inc and PetMed Express, Inc. have reported increased sales for the first quarter of 2020. As Per the records of the American Pet Product Association the United States Sales of Pet product was US$123.6 billion in 2021, in 2020 it was US$103.6 billion and in 2019 had witnessed the sale of US$97.1 billion during the pandemic the pet product saw a growth rate of 6.69%. With the linked uncertainty surrounding the pandemic's end, the market of Pet care E-Commerce is expected to have significant gains post Covid-19 over the forecast period.

Developments

October 2021

Eufy Pet has been released. Eufy Pet Camera for Dogs The 170° wide-angle lens has the potential for application 1080p clearness in real-time, and night vision enables one to see pets better at night on the Eufy app.

April 2020

SoftBank Group Corp of Japan has decided to invest US$48 million in Pet love, an online retailer of pet supplies. SoftBank's South America fund will invest, joining preceding venture investments from Monashees, KasZek Ventures, and private equity firm Tarpon.

Competitive Insights

Prominent key market players in the global Pet Care E-Commerce market include PetSmart Inc., Amazon.com, Inc., Walmart Inc., Chewy, Inc., Petco Animal Supplies, Inc., PetMed Express, Inc., Groomers Delight, BarkBox, Dover Saddlery, Inc., Oliver Pet Care Solutions Pvt. Ltd., PETstock, Nestlé, and TABcom LLC. These companies hold a significant share of their good brand image and product offerings in the market. Major players in the global Pet Care E-Commerce market have been covered with their relative competitive positions and strategies. The report also mentions recent deals and investments of different market players over the last two years.

Market Segmentation:

By Pet Type

  • Dog
  • Cat

By Product

  • Pet Grooming
  • Pet Food
  • Medications

By Geography

  • North America
  • USA
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Europe
  • UK
  • Germany
  • France
  • Netherlands
  • Italy
  • Ireland
  • Middle East and Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Taiwan
  • Indonesia
Frequently Asked Questions about the Global Pet Care E-Commerce Market

What is the estimated value of the Global Pet Care E-Commerce Market?

The Global Pet Care E-Commerce Market was estimated to be valued at $38.37 billion in 2020.

What is the growth rate of the Global Pet Care E-Commerce Market?

The growth rate of the Global Pet Care E-Commerce Market is 12.4%, with an estimated value of $87.43 billion by 2027.

What is the forecasted size of the Global Pet Care E-Commerce Market?

The Global Pet Care E-Commerce Market is estimated to be worth $87.43 billion by 2027.

Who are the key companies in the Global Pet Care E-Commerce Market?

Key companies in the Global Pet Care E-Commerce Market include PetSmart Inc., Amazon.com, Inc., Walmart Inc., Chewy, Inc., Petco Animal Supplies, Inc., PetMed Express, Inc., BarkBox, Dover Saddlery, Inc. and PETstock.

Table of Contents

1. Introduction
1.1. Market Overview
1.2. Covid-19 Impact
1.3. Market Definition
1.4. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Pet Care E-Commerce Market Analysis, By Pet Type
5.1. Introduction
5.2. Dog
5.3. Cat
5.4. Others
6. Global Pet Care E-Commerce Market Analysis, By Product
6.1. Introduction
6.2. Pet Grooming
6.3. Pet Food
6.4. Medications
6.5. Others
7. Global Pet Care E-Commerce Market Analysis, By Geography
7.1. Introduction
7.2. North America
7.2.1. North America Pet Care E-Commerce Market, By Pet Type, 2020 to 2027
7.2.2. North America Pet Care E-Commerce Market, By Product, 2020 to 2027
7.2.3. By Country
7.2.3.1. USA
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. South America
7.3.1. South America Pet Care E-Commerce Market, By Pet Type, 2020 to 2027
7.3.2. South America Pet Care E-Commerce Market, By Product, 2020 to 2027
7.3.3. By Country
7.3.3.1. Brazil
7.3.3.2. Argentina
7.3.3.3. Others
7.4. Europe
7.4.1. Europe Pet Care E-Commerce Market, By Pet Type, 2020 to 2027
7.4.2. Europe Pet Care E-Commerce Market, By Product, 2020 to 2027
7.4.3. By Country
7.4.3.1. UK
7.4.3.2. Germany
7.4.3.3. France
7.4.3.4. Netherlands
7.4.3.5. Italy
7.4.3.6. Ireland
7.4.3.7. Others
7.5. Middle East and Africa
7.5.1. Middle East and Africa Pet Care E-Commerce Market, By Pet Type, 2020 to 2027
7.5.2. Middle East and Africa Pet Care E-Commerce Market, By Product, 2020 to 2027
7.5.3. By Country
7.5.3.1. Saudi Arabia
7.5.3.2. UAE
7.5.3.3. Israel
7.5.3.4. Others
7.6. Asia Pacific
7.6.1. Asia Pacific Pet Care E-Commerce Market, By Pet Type, 2020 to 2027
7.6.2. Asia Pacific Pet Care E-Commerce Market, By Product, 2020 to 2027
7.6.3. By Country
7.6.3.1. China
7.6.3.2. Japan
7.6.3.3. South Korea
7.6.3.4. India
7.6.3.5. Thailand
7.6.3.6. Taiwan
7.6.3.7. Indonesia
7.6.3.8. Others
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. PetSmart Inc.
9.2. Amazon.com, Inc.
9.3. Walmart Inc.
9.4. Chewy, Inc.
9.5. Petco Animal Supplies, Inc.
9.6. PetMed Express, Inc.
9.7. BarkBox
9.8. Dover Saddlery, Inc.
9.9. Oliver Pet Care Solutions Pvt. Ltd.
9.10. PETstock
9.11. Nestlé

Companies Mentioned

  • PetSmart Inc.
  • Amazon.com, Inc.
  • Walmart Inc.
  • Chewy, Inc.
  • Petco Animal Supplies, Inc.
  • PetMed Express, Inc.
  • BarkBox
  • Dover Saddlery, Inc.
  • Oliver Pet Care Solutions Pvt. Ltd.
  • PETstock
  • Nestlé