View Sample: to know additional highlights and key points on various market segments and how they will impact in coming years.
Vendor Insights
The global pet care market is fragmented in nature due to the presence of several global and regional players.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their products. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
Find additional highlights on the growth strategies adopted by vendors and their product offerings. Read Sample Market Research Report.
Geographical Market Analysis
North America will provide maximum growth opportunities in the household composters market during the forecast period. According to our research report, the region currently holds 36% of the global market share and is expected to dominate the market through 2025.
In addition, countries such as the US, China, Germany, and the UK are expected to emerge as prominent markets for pet care during the forecast period.
Know more about this market's geographical distribution along with the detailed analysis of the top regions. https://www.technavio.com/report/pet-care-market-industry-analysis
Key Market Trends & Challenges:
The shifting preference toward natural and organic pet care products is notably driving the pet care market growth. Pet owners have become increasingly conscious of their pets' health due to pet humanization. This has increased the demand for natural and organic pet care products as consumers perceive these products to be of high quality, safe, and more nutritious. Market competitors consider such factors while manufacturing pet care products to differentiate themselves from their competitors and cater to customers' requirements.
The increasing availability of counterfeit and low-quality products hinders the growth of the global pet care market. The availability of counterfeit products, including pet grooming products, furniture, and other accessories, is high in developing countries like China and India. Their price is lower than the original products. Well-established global competitors face high competition from these players. Therefore, the high competition from counterfeit players is a major price challenge for well-established manufacturers in the global pet care market.
View free sample for highlights on market Trends & Challenges affecting the pet care market.
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Automatic and Smart Pet Feeder Market -The automatic and smart pet feeder market has the potential to grow by USD 2.28 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 21.90%. Download a free sample now!
Pet Daycare and Lodging Market -The pet daycare and lodging market size will increase by USD 8.24 billion during 2020-2024. The market's growth momentum will accelerate during the forecast period because of the increase in year-over-year growth. Download a free sample now!
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 preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us:
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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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