SAN FRANCISCO, April 23, 2018 /PRNewswire/ --
The global pet care market is expected to reach
USD 202.6 billion by 2025, according
to a new report by Grand View Research, Inc. Rise in the adoption
of pets and growing demand for premium care products are few
factors expected to drive market growth.
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Advances in technology are making boarding, grooming, and
training facilities more easily accessible to the owners. According
to Wakefield Research, 69% of millennials are likely to use
technology to keep track of their pets. Apps are allowing owners to
monitor health habits, nutritional intake, and playtime. Built-in
calendars alert owners to routine care provided by pet care
services companies. More millennials and others are embracing the
latest innovations in technology related to caring for their pets,
including pet cams and automated feeders
Mobile device apps such as Wag and DogVacay help owners
conveniently connect with pet walkers and sitters. Finding Rover
uses facial recognition to unite lost pets and their owners. The
services industry can anticipate continued innovation.
Enticed by lower start-up costs than maintaining a
brick-and-mortar business, more groomers are getting into mobile
grooming on their own or through franchises. Mobile groomers
typically advertise through veterinary offices and local pet shops.
According to estimates of the American Pet Products Manufacturers
Association, Americans will spend USD 5.4
billion on pet grooming and boarding services in 2017.
Larger services providers such as retailers PetSmart and PETCO
run regular marketing campaigns through use of print, broadcast,
digital, and social advertising platforms. Smaller providers rely
on word-of-mouth. Mobile groomers advertise with company vans and
promote their businesses through retailers and veterinarians.
Browse full research report with TOC on "Pet
Care Market Size, Share & Trends Analysis Report By Pet Type
(Dog, Cat, Fish, Bird), By Products, Competitive Landscape, And
Segment Forecasts, 2018 - 2025" at:
https://www.grandviewresearch.com/industry-analysis/pet-care-market
Further Key Findings From the Report Suggest:
- The global pet care market size was estimated at USD 131.7 billion in 2016 and is expected to grow
with CAGR of 4.9% from 2016 to 2025
- Based on type, dogs held the largest market share owing to
increase in the adoption of dogs and health benefits associated
with them.
- Cats are anticipated to witness lucrative growth over the
forecast period. Cats help reducing stress and anxiety, decrease
risk of stroke and require less training.
- The pet food segment was estimated to be the largest product
segment due to growing demand for premium food products and natural
& organic products.
- Boarding and grooming services segment is anticipated to
witness fastest growth over the forecast period owing to advances
in technology, making boarding, grooming, and training more easily
accessible for the owners
- U.S. held the largest share in market in 2016 due to rising
animal healthcare expenditure and growing awareness of animal
health in the country.
- India is anticipated to
witness lucrative growth over the next decade due to increase in
adoption of pets and rising disposable income.
- Some of the key players including PetSmart Inc., PetCo Animal
Supplies, Inc., Nestle, Just for Pets and Ancol dominated the pet
care market in 2016.
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Grand View Research has segmented the global pet care market
on the basis of type, products and region:
- Type Outlook (Market Revenue in USD Million, 2014 -
2025)
- Product Outlook (Market Revenue in USD Million, 2014 -
2025)
- Pet Food
- Veterinary Care
- OTC/Supplies
- Live Animal Purchase
- Pet Boarding/Grooming
- Regional Outlook (Revenue, USD Million, 2014 -
2025)
- North America
- Europe
- Asia Pacific
- Latin America
Access Full Press Release Of This Report By Grand View
Research:
https://www.grandviewresearch.com/press-release/global-pet-care-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company
provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant
and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com