The global pet care market is fragmented due to the presence of multiple established players. Key vendors are competing in terms of factors like price, quality, brand, and variety. Some vendors are adopting different marketing strategies to increase their market shares. The acquisition of new brands and several partnerships will provide an opportunity for the leading competitors to maintain their dominance in the global pet care market during the forecast period.
Technavio identifies Beaphar Beheer BV, Colgate-Palmolive Co., heristo AG, Inter IKEA Holding BV, Laroy Group, Mars Inc., Nestle SA, Spectrum Brands Holdings Inc., The J.M. Smucker Co., and Unicharm Corp. as dominant players in the market. Although the shifting preference toward natural and organic pet care products, increase in the number of people owning pets and increased spending on pets, and the availability of a wide range of fashionable and multifunctional pet furniture will offer immense growth opportunities, growing awareness of pet allergies among people, increasing evidence of product recalls, and stringent regulatory challenges will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Pet Care Market 2021-2025: Segmentation
Pet Care Market is segmented as below:
- Application
- Product
- Food
- Accessories
- Grooming
- Geography
- North America
- Europe
- APAC
- Middle East And Africa
- South America
By application, the dog segment currently generates the highest revenue in the market. Similarly, by product, the food segment is creating maximum growth opportunities for vendors. The market growth in these segments will be significant during the forecast period.
North America currently holds the largest share of the market. Consumers in the region spend highly on premium and luxury goods for their pets. In addition, the rising demand for pet accessories and other pet care products from pet care centers, veterinary hospitals, and clinics and the increasing availability of pet care products are contributing to the growth of the pet care market in North America.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our pet care market report covers the following areas:
Pet Care Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the pet care market. Backed with competitive intelligence and benchmarking, our research report on the pet care market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Pet Care Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist pet care market growth during the next five years
- Estimation of the pet care market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the pet care market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of pet care market vendors
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Pet Care Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5% |
Market growth 2021-2025 |
USD 48.94 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.09 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 36% |
Key consumer countries |
US, China, Germany, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Beaphar Beheer BV, Colgate-Palmolive Co., heristo AG, Inter IKEA Holding BV, Laroy Group, Mars Inc., Nestle SA, Spectrum Brands Holdings Inc., The J.M. Smucker Co., and Unicharm Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table Of Contents :
Executive Summary
Market Landscape
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020-2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Dogs - Market size and forecast 2020-2025
- Cats - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by Application
Market Segmentation by Product
- Market segments
- Comparison by Product
- Food - Market size and forecast 2020-2025
- Accessories - Market size and forecast 2020-2025
- Grooming - Market size and forecast 2020-2025
- Market opportunity by Product
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- APAC - Market size and forecast 2020-2025
- Middle East and Africa - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- US - Market size and forecast 2020-2025
- China - Market size and forecast 2020-2025
- Germany - Market size and forecast 2020-2025
- UK - Market size and forecast 2020-2025
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Market challenges
- Impact of drivers and challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Beaphar Beheer BV
- Colgate-Palmolive Co.
- heristo AG
- Inter IKEA Holding BV
- Laroy Group
- Mars Inc.
- Nestle SA
- Spectrum Brands Holdings Inc.
- The J.M. Smucker Co.
- Unicharm Corp.
Appendix
- Scope of the report
- Inclusions and exclusions checklist
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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