Between 2021 and 2027, the Pet Care Market is expected to grow at a CAGR of about 6.1%, surpassing USD 232 billion. Grooming, training, and boarding services are becoming more accessible to pet owners, and technological improvements are projected to help owners keep track of their pets.
The companion animal service sector, which includes mobile pet grooming, is quickly expanding. The need for mobile pet grooming has risen as a result of pet owners' hectic schedules. Mobile grooming services have shown to be helpful for an elderly population with restricted mobility. Growing knowledge of online marketplace management services as well as the advantages of mobile pet care services, such as expert care, individualised attention, and no exposure to other pets, is boosting the pet care market demand. Furthermore, the rising demand for professional grooming services has boosted the number of mobile pet care service providers who offer pet fur trimming, shampooing, brushing, and other grooming services.
The coronavirus epidemic has put a strain on the worldwide pet care industry. As the COVID-19 situation unfolds, the pandemic's short-term impacts have been uneven, leaving investors unsure whether the spike in pet care spending would change or remain the same. Despite certain disruptions created by COVID-19 lockdown measures around the world, the sector's long-term growth potential remains unaffected. Furthermore, in a few nations, the present spike in pet ownership is being fueled by an increase in adoption and nurturing by people who are confined to their homes.
Between 2021 and 2027, the market for pet care products is expected to grow at a CAGR of over 6.1%, surpassing USD 232 billion.
In 2020, the revenue from the pet food segment was expected to be over USD 94.2 billion.
In 2020, the eCommerce distribution channel represented a 17% share of the pet care market. The pet care business is seeing eCommerce as a possible development driver.
With more than USD 99.7 billion in revenue in 2020, the United States topped the North American pet care market.
In 2020, Japan's pet care industry surpassed USD 14 billion, and it is expected to increase at 1.3% per year through 2027. Furthermore, with the COVID-19 epidemic reducing human connection, pet ownership in Japan has increased as individuals seek company during difficult times.
During the Covid-19 outbreak, 21% of pet owners spent more money on their pets.
43% of dog owners and 41% of cat owners shop for quality pet food on the internet.
