Pet Care Products Market By Application High Growth due to Rising Demand and Future Trends
MRFR (Market Research Future) expects the pet care products market to touch USD 205.45 billion while growing at a rate of 5.25% between 2020 and 2027.
Top Growth Boosters and Key Deterrents
Pet care products are speciality items that are available according to the requirements of the pets such as reptiles, cat, dog, and more. These products are experiencing a massive demand on account of the heightened rate of pet ownership all over the world. Some of the popular and in-demand pet care products are feeding, bedding, toys and leashes, which are sold majorly in speciality stores and retail outlets that include hypermarkets, discounters, and supermarkets.
Housing, as well as bedding products, are the most lucrative markets in not just developed countries like the US and the UK, but in emerging countries including Japan, South Korea, and China. In these countries, manufacturers mostly emphasize on product and technology innovation to create brand awareness among consumers. Cats and dogs form the biggest segments for pet care products, while fish and reptiles are other emerging segments in the worldwide pet care products market application.
Rising creativity in pet care products, presence of vast ranges of pet toys, heightened interest in pet care and the rise in consumers’ purchasing capacity add to the business value. The sales of a variety of pet care products are further fostered by the soaring concerns regarding fitness of the pets, a trend that is picking up rapid pace in emerging countries such as Thailand, India and Japan. The dramatic expansion rate of the global e-commerce industry should be presenting attractive opportunities to the reputed brands active in the market.
KONG Company (US), General Mills, Inc. (US), Colgate-Palmolive Company (US), Petmate Holdings Co. (US), PetSmart Inc. (US), Mars, Incorporated (US), Blue Pet Products, Inc. (US), Nestle S.A.(Switzerland), Unicharm Corporation (Japan), Champion Petfoods LP (US), Petco Animal Supplies, Inc. (US), are the top manufacturers of pet care products in the worldwide market.
Product types covered are Pet Grooming Products, Pet Food, and more.
Pet types are Cats, Dogs, and ore.
Distribution Channels are Store-Based as well as Non-Store-Based....
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