ÌÇÐÄvlog´«Ã½

Pet Care Market Size (2024 - 2029)

The pet care market is experiencing growth driven by an increase in pet adoption globally, which has led to a heightened demand for pet services and products. This expansion is particularly notable in countries like the United States, Brazil, and the United Kingdom, where pet populations have surged. The trend of pet humanization, where pets are treated as family members, is prompting consumers, especially millennials, to invest in premium pet care products. Additionally, rising disposable incomes are enabling pet owners to spend more on high-quality offerings, further contributing to the market's expansion.

Market Size of Pet Care Industry

Pet Care Market Summary
Study Period 2019-2029
Market Size (2024) USD 20.02 Billion
Market Size (2029) USD 24.59 Billion
CAGR (2024 - 2029) 4.20 %
Fastest Growing Market North America
Largest Market North America
Market Concentration High

Major Players

Pet Care Market Major Players

*Disclaimer: Major Players sorted in no particular order

Pet Care Market Analysis

The Pet Care Market size is estimated at USD 20.02 billion in 2024, and is expected to reach USD 24.59 billion by 2029, growing at a CAGR of 4.20% during the forecast period (2024-2029).

  • The pet care industry has been experiencing positive growth due to a surge in the adoption of pets worldwide. According to Industrieverband Heimtierbedarf (IVH) e.V, the cat population in Germany has increased by 1 million to reach 16.7 million in 2021. This has stimulated the demand for pet services and products and encouraged significant growth in the pet care market.
  • Many other major countries, such as the United States, Brazil, and the United Kingdom, have experienced a similar surge in pet populations, increasing the demand for pet care products worldwide. In recent years, many people have invested in pet care products such as accessories, pet health, and pet fashion, as pets are seen as family members. This is even higher in the millennial generation of developing and developed countries worldwide.
  • Along with this, the rise in disposable incomes has increased the willingness of pet owners to spend on high-quality products. Therefore, the growing interest in pet humanization, coupled with a rise in demand for premiumization in pet care products, is driving the market growth for pet care products.

Pet Care Industry Segmentation

The pet care market involves products used in pet food and safety, nourishment, exercise, and medical attention. It also includes oral care, veterinary care, dietary supplements, pet grooming, pet fashion products, etc.

The pet care market is segmented by pet type (dog, cat, fish, and other pet types), product type (pet food, pet care, and grooming products), distribution channel (offline retail stores and online stores), and geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). 

The report offers the market size and forecasts in value (USD) for all the above segments.

Pet Type
Dog
Cat
Fish
Other Pet Types
Product Type
Pet Food
Dry
Wet
Pet Care
Oral Care
Dietary Supplements
Veterinary Diets
Grooming Products
Shampoos and Conditioners
Combs and Brushes
Clippers and Scissors
Other Grooming Products
Distribution Channel
Offline Retail Stores
Online Retail Sores
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle-East and Africa
Need A Different Region Or Segment?
Customize Now

Pet Care Market Size Summary

The pet care market is experiencing robust growth, driven by an increase in pet adoption globally and a shift in consumer attitudes towards pets as family members. This trend, known as pet humanization, is significantly influencing the demand for premium and high-quality pet care products, including accessories, health products, and fashion items. The rise in disposable incomes has further encouraged pet owners to invest in these products, particularly among millennials in both developed and developing countries. The market is also seeing a surge in interest for innovative products such as activity tracking collars, which cater to the lifestyle and health-conscious pet owners. This growing demand is prompting market competitors to introduce new and customized offerings, particularly in the pet grooming segment, thereby driving the overall market growth.

In North America, the pet care market is well-established, with a strong focus on premiumization and natural pet food options to address obesity concerns among pets. The presence of multinational companies like Mars Pet Care, Nestle SA - Purina, and Colgate-Palmolive (Hills Pet Nutrition) underscores the competitive landscape, as these firms engage in strategic activities such as acquisitions and product launches to enhance their market positions. The market's concentration and the ongoing trend of pet humanization are expected to sustain growth, with manufacturers increasingly focusing on value-added products to meet the evolving consumer preferences. This dynamic environment is anticipated to continue driving the expansion of the pet care market over the forecast period.

Explore More

Pet Care Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Pet Type

      1. 2.1.1 Dog

      2. 2.1.2 Cat

      3. 2.1.3 Fish

      4. 2.1.4 Other Pet Types

    2. 2.2 Product Type

      1. 2.2.1 Pet Food

        1. 2.2.1.1 Dry

        2. 2.2.1.2 Wet

      2. 2.2.2 Pet Care

        1. 2.2.2.1 Oral Care

        2. 2.2.2.2 Dietary Supplements

        3. 2.2.2.3 Veterinary Diets

      3. 2.2.3 Grooming Products

        1. 2.2.3.1 Shampoos and Conditioners

        2. 2.2.3.2 Combs and Brushes

        3. 2.2.3.3 Clippers and Scissors

        4. 2.2.3.4 Other Grooming Products

    3. 2.3 Distribution Channel

      1. 2.3.1 Offline Retail Stores

      2. 2.3.2 Online Retail Sores

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

        4. 2.4.1.4 Rest of North America

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Spain

        6. 2.4.2.6 Russia

        7. 2.4.2.7 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 Rest of Asia-Pacific

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 South Africa

        2. 2.4.5.2 Saudi Arabia

        3. 2.4.5.3 Rest of Middle-East and Africa

Pet Care Market Size FAQs

The Pet Care Market size is expected to reach USD 20.02 billion in 2024 and grow at a CAGR of 4.20% to reach USD 24.59 billion by 2029.

In 2024, the Pet Care Market size is expected to reach USD 20.02 billion.

Pet Care Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)