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The global pet care market size stood at USD 235.32 billion in 2022. The market value is slated to rise from USD 246.66 billion in 2023 to USD 368.88 billion by 2030 at a CAGR of 5.92% during 2023-2030. Fortune Business Insights™ presents this information in its report titled “Pet Care Market Size, Share & COVID-19 Impact Analysis, By Product Type (Pet Food Products, Veterinary Care, and Others), Pet Type (Dog, Cat, and Others), Distribution Channel (Online and Offline), and Regional Forecast, 2023-2030”. The rise is on account of the availability of a series of products such as toys, food, wearables, and others. Major players providing pet food products such as Nestle S.A. and Mars Incorporated focus on the provision of calorific and nutritional value. Moreover, key market players have been offering flavored animal food items to attract pet owners.
Growing Pet-ownership on Account of Social Isolation Amid COVID-19 Pandemic
The pandemic period led to an upsurge in social isolation amid lockdown restrictions. This resulted in an increase in pet-ownership across various regions. However, the period also recorded a shutdown in pet food stores in several countries, affecting industry revenues in some countries.
Multipet International Inc. Participated in How2Recycle Label Event
In March 2021, Multipet International, Inc., a leading producer of pet products, participated in the How2Recycle label program. The move would help the company in focusing on sustainability business approaches, producing eco-friendlier products.
Market Share to Rise Impelled by Growing Initiatives for Advanced Pet Care
One of the key factors propelling the pet care market growth comprise an increase in the implementation of a series of initiatives associated with the development of technologically-enabled animal care products. These include innovative products such as cardboard pet feeder devices, location tracker devices, smart laser cat toys, and others.
However, high-quality pet care products are often available at high costs. This is likely to affect industry expansion to some extent.
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Leading Companies Ink Partnership Agreements to Enable Footprint Expansion
Key companies are focused on the development of various solutions for strengthening the positions of their businesses. These include merger agreements, acquisitions, and partnerships. Some of the additional initiatives comprise an escalation in research activities and the launch of an array of products.
List of Key Players Profiled
Key Industry Development
Further Report Findings
Table of Segmentation
CAGR of 5.92% from 2023 to 2030
Value (USD Billion)
By Product Type
By Pet Type
By Distribution Channel
North America (By Product Type, Pet Type, Distribution Channel, and By Country)
Europe (By Product Type, Pet Type, Distribution Channel, and By Country)
Asia Pacific (By Product Type, Pet Type, Distribution Channel, and By Country)
South America (By Product Type, Pet Type, Distribution Channel, and By Country)
The Middle East and Africa (By Product Type, Pet Type, Distribution Channel, and By Country)