Considering the global trend, pet care industry is one of the
emerging markets as majority of pet owners are often willing to spend extra
money on their pet’s healthcare and other requirements.
In the recent years, a tremendous technological advancements
has been observed in pet care. By taking pet’s healthcare and their
requirements in mind, few technologies have been introduced, such as,
computerized feeders, pedometers, etc. A number of factors such as, increasing power
of e-commerce, rising trend of bringing pets, increase in pet population, and
increasing disposable incomes in middle income groups are propelling the growth
of pet care market. Furthermore, choosing prime healthcare and food products
for pets by their owners is another key factor driving the pet care market to a
great extent.
Pet
Care Products Market Forecast
Regional analysis
Geographically, the global pet care market is classified into
the Americas, Europe, Asia Pacific, and the Middle East & Africa. The
Americas accounts for the largest share of pet care market due to rising trend
of pet humanization and increasing expenditure on pet’s food and healthcare by
their owners. According to the American Pet Products Association (APPA), the
actual U.S. Pet Industry Expenditures for the year 2016 is $66.75 billion and
the number has increased by 4.2% from the previous year.
Owing to the increasing disposable income, Asia Pacific is the
fastest growing market and among Asia Pacific region, India commands the
highest market share in the market.
Key Players
Some of the key player in the market are Aller Petfood Llc,
Ancol Pet Products Limited, Beaphar, BHJ, Martin & Martin (Pty) Ltd.,
earthbath, J.M. Smucker Company, Nestlé, PetLife LLC and PLATINUM PETS.
Complete Report Details @ https://www.marketresearchfuture.com/reports/pet-care-market-842
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