WASHINGTON and NEW YORK and LONDON, Nov. 30, 2015 /PRNewswire/ -- MarketResearch.com published a blog highlighting the top trends that are driving the current pet products and services market and will continue into 2016.
Check out the blog: http://hubs.ly/H01s2vv0
By 2019, the pet industry is expected to hit $91.72 billion in sales. In order to increase revenue, more and more retailers are taking advantage of specific trends to maximize potential opportunities in the market.
A few major trends that developed in 2015 are expected to carry over into the New Year:
- Premiumization of products and services continues, but all is not well.
- The human and pet bond remains a major marketing theme.
- Overweight pets are a major health concern for owners.
New trends that have begun to emerge and will drive the market in 2016 include:
- Aging pets require more care.
- Pet industry attracts entrepreneurs.
- Pet industry banks on high-income households.
All six of these trends will be seen in 2016 as major drivers behind retail stores for pet supplies and veterinary and grooming services.
Don't miss out on all our reports about the pet products and services market: http://bit.ly/1bibZkb
MarketResearch.com is the leading provider of global market intelligence products and services. With research reports from more than 720 top consulting and advisory firms, MarketResearch.com offers instant online access to the world's most extensive database of expert insights on global industries, companies, products, and trends. Moreover, MarketResearch.com's Research Specialists have in-depth knowledge of the publishers and the various types of reports in their respective industries and are ready to provide research assistance.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/marketresearchcom-projected-2016-trends-in-the-pet-industry-300184525.html