Pet Care Market – By Type (Pet Care Products [Product {Food, Pharmaceutical, Dietary Supplements, Hygiene}, Distribution Channel {Stores, E-commerce}], Services [Medical, Grooming, Training, Insurance]), Animal (Dogs, Cats), Global Forecast (2024 – 2032)

Pet Care Market Size

Pet Care Market size was valued at USD 304.4 billion in 2023 and is anticipated to grow at CAGR of 6.8% between 2024 and 2032. One of the primary drivers is the increasing humanization of pets, where owners consider their pets as integral members of the family, leading to higher spending on pet health, grooming, and nutrition. This rising animal healthcare expenditure enhances market growth.

Additionally, rising pet ownership rates, particularly in urban areas, amplify the demand for pet care products and services. Moreover, growing awareness of pet health and wellness, coupled with emergence of e-commerce platforms and online pet care retailers, further propels the market growth.
 

Pet care involves all the practices, services, and products aimed at ensuring the health, well-being, and safety of domesticated animals. This includes proper nutrition, regular veterinary care, grooming, exercise, training, and providing a safe and comfortable living environment. Effective pet care requires a holistic approach to maintain the physical and mental health of pets, fostering a strong bond between them and their owners.

 

Pet Care Market Trends

• High adoption of pet insurance is significantly increasing the growth of pet care industry by providing financial security to pet owners. As veterinary costs continue to rise due to advancements in medical treatments and technology, pet insurance helps mitigate these expenses.
   
• This encourages pet owners to seek more frequent veterinary care, including preventive check-ups and treatments, thereby driving the growth of pet care industry.
   
• For instance, according to North American Pet Health Insurance Association (NAPHIA), in North America, around 5.36 million pets were insured by the end of 2022 which increased by 21.7% from 4.4 million pets insured in 2021.
   
• Thus, this trend supports the expansion of veterinary services and the broader pet care industry, as the pet insurance adoption is significantly growing.
   

Pet Care Market Analysis

Based on type, the market is segmented into pet care products and pet services. The pet care products segment is further classified on the basis of products and distribution channels. By product, the pet care products segment is classified into pet food, pet healthcare products, hygiene products, and other pet care products. Whereas, on the basis of distribution channel the pet care products segment is classified into stores, e-commerce, and other distribution channels. The pet care products segment accounted for significant market share of 72.7% in 2023.
 

• Many pet care products are essential for daily pet care routines. Items like pet food and grooming supplies require regular replenishment, leading to recurring purchases by pet owners. This consistent demand contributes to the segment's high market share.
   
• Additionally, the widespread availability of pet care products through diverse retail channels such as pet specialty stores, supermarkets, online platforms, and veterinary clinics contributes significantly to their high market penetration.
   

Based on animal, the pet care market is categorized into dogs, cats, fishes, birds, horses, and other animals. The dogs segment dominated the global market and was valued at USD 183.9 billion in 2023.
 

• Dogs are the most popular pets globally, with a significant population of dog owners. The sheer number of dogs owned as pets contributes to a large market size for products and services tailored specifically for dogs.
   
• Additionally, dogs are often considered beloved members of families, leading to increased spending on their health, nutrition, grooming, and overall well-being.
   
• Further, high adoption of innovative products and services tailored to dogs, such as premium food, accessories, healthcare products, and specialized veterinary and grooming services, also contributes to their substantial market share.
   

North America pet care market was valued at USD 146.7 billion in 2023 and is projected to reach USD 255.3 billion by 2032 growing at a CAGR of 6.4% over the forecast years.
 

• A significant portion of households in the region own pets, ranging from dogs and cats to birds and small mammals, creating a substantial consumer base for pet care products and services.
   
• Additionally, the region is home to some of the most advanced veterinary healthcare services and pharmaceutical innovations globally. This accessibility to cutting-edge veterinary treatments and therapies supports higher spending on pet health care, contributing to the region's dominant position in the market.
   

The U.S. pet care market is predicted to grow at 6.5% CAGR to reach USD 243.1 billion by 2032.
 

• According to the 2021–2022 National Pet Owners Survey by the American Pet Products Association (APPA), 70% of the U.S. households owned at least one type of pet. Additionally, almost 69 million of the U.S. households have at least one dog, and 45.3 million have at least one cat, about 9.9 million have birds, and 3.5 million have horses.
   
• The sheer volume of pet ownership translates directly into increased spending on pet care in the country.
   
• Pet owners invest in a wide range of products such as pet food, treats, toys, grooming supplies, healthcare products, and accessories, tailored to the specific needs of their pets. Thus, this increasing pet population contributes to the growth of U.S. market.
   

Germany pet care market is anticipated to witness significant growth in coming years.
 

• The country's strong economy, high standards of living, and a large pet-owning population contribute to the robust demand for pet care products and services.
   
• Additionally, the country's well-developed distribution networks and pet-friendly infrastructure further bolster its position as a leader in the European market.
   

India pet care market is poised to witness high growth over the analysis period.
 

• In India, heightened awareness among pet owners about pet health and well-being has led to increased expenditure on premium pet food, veterinary services, grooming, and other pet care products.
   
• Additionally, the expansion of retail channels, such as pet specialty stores, supermarkets, veterinary clinics, and online platforms, has further facilitated access to a diverse range of pet care solutions.
   
• These factors have contributed to the expansion and robust growth of the market in India.
   

Pet Care Market Share

The pet care industry is characterized by robust competition and diverse offerings catering to the growing global demand for pet-related products and services. Key players in the market include multinational corporations, regional brands, and niche providers specializing in various segments such as pet food, veterinary services, grooming, and accessories. Companies like Idexx Lab
oratories, Inc., Zoetis, Inc., Nestle Purina PetCare, Hill's Pet Nutrition dominate the market with extensive product portfolios and global distribution networks, leveraging economies of scale and brand recognition.
 

Pet Care Market Companies

Prominent players operating in the pet care industry include:

• Ancol Pet Products Limited
• Blue Buffalo Pet Products, Inc
• Champion Petfoods
• Chewy, Inc.
• Freshpet
• Heristo akteingesellschaft
• Hill's Pet Nutrition (Colgate Palmolive Company)
• IDEXX Laboratories, Inc.
• J.M. Smucker
• Mars Inc.
• Nestle Purina PetCare (Nestle SA)
• Petco Animal Supplies, Inc.
• Petmate Holdings Co.
• PetSmart, Inc.
• Spectrum Brands, Inc
• Zoetis Inc.
• Zooplus AG
   

Pet Care Industry News:

• In June 2024, ADM announced the European launch of functional pet treats, supplements. This strategic initiative helped the company to strengthen their product portfolio and enhance their revenue growth.
   
• In April 2024, ProMach announced the launch of its Pet Care Solutions group, offering a diverse portfolio of solutions tailored to the specific needs of pet food manufacturers. This product launch helped the company to broaden its product offerings and generate revenue.
   

The pet care market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments:

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Market, By Type

• Pet care products
  • By product
    • Pet food
      • Nutritional
      • Medicated
    • Pet healthcare products
      • Pharmaceuticals
      • Dietary supplements
    • Hygiene products
    • Other pet care products
  • By distribution channel
    • Stores
    • E-commerce
    • Other distribution channels
• Pet services
  • Veterinary medical services
  • Pet grooming
  • Pet boarding and daycare
  • Training services
  • Pet insurance

Market, By Animal

• Dogs
• Cats
• Fishes
• Birds
• Horses
• Other animals

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
  • Sweden
  • Switzerland
  • Austria
  • Belgium
  • Poland
  • Romania
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Philippines
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa