Global Pet Care Strategic Business Report 2023: Rise in Preference for Raw Pet Foods and Animal Protein Drives Growth

DUBLIN, June 30, 2023 /PRNewswire/ -- The "Pet Care: Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

The global market for Pet Care estimated at US$193.6 Billion in the year 2022, is projected to reach a revised size of US$305.1 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2022-2030.

Pet Food, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$134.7 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Veterinary Care segment is readjusted to a revised 5.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $82.9 Billion, While China is Forecast to Grow at 7.6% CAGR

The Pet Care market in the U.S. is estimated at US$82.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$10.6 Billion by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 6.2% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 4.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$28.7 Billion by the year 2030.

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

Key Topics Covered:

I. METHODOLOGY

II. 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 PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/4p0ond

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