In 2023, the global
pet
care industry is projected to have a market value of US$ 43 Billion and in
that will be valuing at USD Over the forecast period, sales in the market
for pet care are projected to grow at a CAGR of 7.4%. Technology
integration into pet care is an untapped path. From the wearable health
trackers and smart feeding systems to virtual pet healthcare platform,
interplay between pets and technology promises boundless opportunities.
Eco-awareness is making its way up to pet care. One of the opportunities
that businesses in this field can capture is biodegradable waste products,
sustainable packaging and organic grooming solutions since more environmentally
conscious pet owners are emerging. The more prevalence of the matter
becomes, mental health for animals is starting to show. The most promising
and unexplored frontier is products and services that reduce anxiety, stresses
behavioral challenges in pets.
More and more pet owners treat their furry pets as members of the family. This
has resulted in premium pet care products and services such as gourmet treats,
luxurious grooming, and the high-end accessories. Pets are also getting
personalized. Individually designed diets, specific physical activity
programs
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Virtual pet
communities and social media influencers are shaping pet ownership. Brands are
leveraging these platforms to engage with pet owners, offer advice, and market
products directly to engage audiences. The demand for holistic wellness
products and practices for pets is on the rise. Natural and herbal remedies
acupuncture, and alternative therapies are gaining popularity among pet owners
seeking comprehensive well-being for their companions.
Key Takeaways from the Pet Care Market:
·
The pet care market is led by the United States,
projecting a 3% CAGR until 2033.
·
China is at the forefront, anticipating 1% CAGR growth
in protective clothing by 2033.
·
The United Kingdom is poised for a 2% CAGR by 2033.
·
The product segment is set to dominate with a 63% global
market share.
·
FMI predicts the dogs segment to grow at a remarkable 7% CAGR through
2033.
“An FMI analyst notes that the pet care sector is experiencing rapid
expansion, propelled by changing consumer inclinations, increased emphasis on
pet welfare, and a notable rise in inventive, customized offering,” remarks an
FMI analyst.
How Are Key Players Revolutionizing the Manufacturing Pet Care
market?
Key players are
spearheading a transformative shift in the pet care market. Through
cutting-edge innovations, personalized services, and holistic approaches, they
are redefining pet wellness. Advanced technologies like AI-driven nutrition
plans and telehealth services ensure tailored care.
Sustainable and
organic product offerings cater to eco-conscious pet owners. Collaborations
with veterinarians and animal behaviorists enhance comprehensive pet well-being.
These players not only address conventional needs but also tap into the
emotional bond between pets and their owners, marking a remarkable revolution
in the pet care industry.
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Top 10 Manufacturers in Global Pet Care Market
1. Procter &
Gamble Co.
2. JM Smucker Co.
3. Nestlé Purina Pet
Care Co.
4. Monge & C.
S.p.a
5. Hill’s Pet
Nutrition SNC
6. Royal Canin SAS
7. Affinity Petcare
France SA
8. Champion Pet Foods
LP
9. Cargill
10. C & D Foods
Product Portfolio
·
Offering an exquisite range of premium pet food, Monge & C. Spa
provides delectable nutrition solutions for dogs and cats. Their portfolio
boasts gourmet creations crafted from high-quality ingredients to ensure the
optimal health and well-being of beloved pets.
·
Hill’s Pet Nutrition SNC excels in tailored pet care, delivering
scientifically formulated food. Their portfolio includes specialized diets
catering to specific needs, promoting pets’ longevity and vitality through
optimal nutrition.
·
Royal Canin SAS presents a comprehensive line of breed-specific and
age-appropriate pet nutrition. With a commitment to precision, their portfolio
encompasses meticulously designed formulas to enhance pets’ overall health and
contribute to their unique nutritional requirements.
About Future Market Insights, Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified,
recipient of the Stevie Award, and a member of the Greater New York Chamber of
Commerce) offers profound insights into the driving factors that are boosting
demand in the market. FMI stands as the leading global provider of market
intelligence, advisory services, consulting, and events for the Packaging, Food
and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals
markets. With a vast team of over 5000 analysts worldwide, FMI provides global,
regional, and local expertise on diverse domains and industry trends across
more than 110 countries.
Contact
Us:
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