Pet Care Market to Exhibit a CAGR of 6.60% from 2025 to 2032; Rising Investment in Pet Care Products Propels Market Growth

The global pet care market size was valued at USD 259.37 billion in 2024. The market is projected to grow from USD 273.42 billion in 2025 to USD 427.75 billion by 2032, exhibiting a CAGR of 6.60% during the forecast period. Fortune Business Insights™ presents this information in its report titled “Pet Care Market Size, Share & Industry Analysis, By Product Type (Pet Food Products [Dry, Wet, and Treats], Veterinary Care, and Others), By Pet Type (Dog, Cat, and Others), By Distribution Channel (Online and Offline), and Regional Forecast, 2025-2032”.

A significant number of pet owners embrace their pets as family members. The growing awareness of animal needs and well-being has boosted the market. Major players focus on delivering nutritional and caloric benefit products. The growing popularity of sustainable food items and biodegradable pet hygiene waste bags creates opportunities for retailers & manufacturers in the sustainable pet food industry.

The COVID-19 pandemic emphasized the necessity of pet well-being, resulting in higher demand for veterinary services. Numerous veterinary clinics adjusted to abrupt changes by providing curbside pickups, telemedicine appointments, and other contactless services to secure the safety of both the staff and pet owners.

Mars Petcare Strengthens Market Position by Acquiring Champion Petfoods

Mars Petcare, part of Mars, Incorporated, has finalized its acquisition of Champion Petfoods, a leader in the premium pet food market known for its ORIGEN and ACANA brands. This acquisition enhances Mars Petcare’s global portfolio in pet nutrition and health services, with Champion Petfoods functioning as an independent unit within Mars Pet Nutrition.

Rising Pet Ownership Fuels Demand for Pet Care Products

The growth of the market is propelled by heightened investment in pet products such as food, healthcare items, pet insurance, grooming supplies, and more. Having a pet is considered a significant symbol in high-class societies that will ultimately increase the demand for products. Furthermore, the rise in expenditure on pet care items encourages companies to expand their product offerings and develop creative solutions that cater to different areas of pet care, including nutrition, grooming, health, and wellness.

However, increased price of quality products is likely to reduce demand from low-income individuals, while concerns about pet-related diseases and unclear regulations on product labeling and advertising may hinder pet care market growth.

Leading Players Focus on Diversifying Their Product Portfolio to Gain an Advantage

Companies are emphasizing formulating high-quality and nutritious animal food items to broaden their product offerings. Furthermore, leading companies are launching creative products to meet the diverse needs and preferences of pet owners. In addition, broadening product ranges can draw in new customers and motivate current clients to make further purchases, thus enlarging the overall market. Moreover, they are enhancing their production capabilities in international markets to boost their pet care market share.

Key Industry Development

• March 2025: Inspired Pet Nutrition (“IPN”), a U.K.-based pet food company, completed its acquisition of Butcher’s Pet Care (“BPC”) to enhance its footprint in the manufacturing processes of premium wet pet food products in the U.K.

List of Key Players Profiled in the Report:

• Mars Incorporated (U.S.)
• Nestle S.A. (Switzerland)
• Spectrum Brands Inc. (U.S.)
• Diana Group (Thailand)
• The J.M. Smucker Company (U.S.)
• Unicharm Corporation (Japan)
• Hill’s Pet Nutrition, Inc. (U.S.)
• SCHELL & KAMPETER, INC (U.S.)
• Tiernahrung Deuerer GmbH (Germany)
• Heristo AG (Germany)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/pet-care-market-104749

Further Report Findings:

• North America is set to lead the pet care market due to the rising investments of the U.S. and Canadian populations in pet supplies and services, resulting in significant revenues from such products.
• Asia Pacific is growing rapidly due to the increasing presence of major corporations such as Mars Incorporated, Nestle SA, and various manufacturing plants in India and China. This development is expected to facilitate the distribution of these products for businesses operating in the Asia Pacific.

Table of Segmentation