Technavio has been monitoring the pet care market and it is poised to grow by USD 48.94 billion during 2021-2025
NEW YORK, May 26, 2021 Technavio has been monitoring the pet care market and it is poised to grow by USD 48.94 billion during 2021-2025, progressing at a CAGR of 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities.
Frequently Asked Questions:
- Based on segmentation by product, which is the leading segment in the market?
Pet food will lead the market growth during the forecast period.
- What is the key driver influencing the market?
The popularity of pet fashion among pet owners will significantly influence the pet care market growth.
- At what rate is the market projected to grow?
The market is projected to grow at a CAGR of over 5% during the forecast period.
- What is the key challenge expected to hinder the market growth?
Growing awareness of pet allergies among people will impede the market growth.
- How big is the North American market?
36% of the market growth will originate from North America.
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Wet Pet Food Market by Product, Distribution Channel, and Geography – Forecast and Analysis 2021-2025: The wet pet food market size has the potential to grow by USD 7.27 billion during 2021-2025, according to Technavio. Download PDF Sample
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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. are some of the major market participants. Although the shifting preference toward natural and organic pet care products, increase in the number of people owning pets and increased spending on pets, availability of wide range of fashionable and multifunctional pet furniture, and rise in aging population globally will offer immense growth opportunities, growing awareness of pet allergies among people is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this pet care market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Pet Care Market 2021-2025: Segmentation
Pet Care Market is segmented as below:
- North America
- Middle East And Africa
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR70541
Pet Care Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The pet care market report covers the following areas:
- Pet Care Market Size
- Pet Care Market Trends
- Pet Care Market Industry Analysis
This study identifies the popularity of pet fashion among pet owners as one of the prime reasons driving the pet care market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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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 across North America, Europe, APAC, Middle East and Africa, and South America
- 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
Table of Contents:
- Market overview
- Market ecosystem
- 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
- 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
- Landscape disruption
- 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.
- Scope of the report
- Inclusions and exclusions checklist
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.