What is lacking in the pet industry Control puppies fed the same diet Jan 13, 2021 · In mapping sales performance, moreover, the brick-and-mortar versus online divide is at least as important as products versus services. dollars. I have been thinking if it would be nice for our pet Mar 18, 2025 · To put this rise in pet ownership into perspective, UK pet owners now collectively spend nearly £8 billion annually on their animals, with nearly £5 billion allocated to veterinary bills alone. Fresh data from market researcher Euromonitor International projects that the pet food segment will increase at a higher pace than the overall industry, with the market representing €140. Oct 17, 2024 · The negative impact of puppy mills goes far beyond just the animals involved—they also affect the entire pet industry and many unsuspecting pet owners. 4% from 2022 to 2030. Productivity data for the pet care services industry show trends such as increased pet ownership; younger pet owners choosing to pay more for individualized, quality pet care; and “pet tech Jun 30, 2021 · Pet grooming service, as a relatively large service industry in the pet industry, has become a new trend in the pet service industry. Jan 20, 2025 · On the other hand, the fluffy robot animals distributed by Pets for Vets lack the dynamism of Bittle X or its cat cousin Nybble. Based on data from 2018 to 2023, the pet industry is in a good spot—in fact, it's on an upward trajectory: Overall spending in the U. When diversity is lacking, we miss out on valuable perspectives that could lead to more effective and inclusive pet care practices. Stay ahead of the curve by delving into the realm of plant-based diets for pets and the Dec 19, 2023 · The US pet food industry, given its unique challenges and dependencies, must prioritize supply chain resiliency. These market players are continually making efforts to increase their market share and establish their dominance. 1% Ca developed a zinc deficiency, whereas puppies fed the same zinc level and lower calcium did not. Compliance can be especially challenging for small pet businesses with limited resources. Challenge: The pet industry is subject to various regulations, including animal welfare laws, food safety standards, and environmental regulations for waste disposal. 49 million dogs and cats as pets in urban areas and China’s pet industry grew the fasted (49. Feb 10, 2025 · To stay successful in this strong market, companies must overcome several hurdles including high competition and market saturation, lack of consumer awareness and education, continued supply chain disruptions, a tough labor market, consumer concerns about animal welfare and sustainability, and the critical impact of recalls, which have evolved from impacting individual brands to damaging the Our primary research also includes interviews with pet market experts and participation in pet industry events like the American Pet Products Association’s Global Pet Expo and Petfood Industry/Watt Publishing’s Petfood Forums. Lack of standardization in the industry; The proliferation of low-quality and counterfeit pet products; Lack of skilled professionals in the industry; Trained veterinarians and pet groomers are needed; Opportunities in Indonesia's Pet Care Industry: Increasing demand for high-quality The video delves into the exciting and ever-changing trends in the pet industry, exploring the latest developments in premium pet food, the emergence of innovative services that go beyond traditional daycare and grooming, and pet fashion. 4%. The analysis also reflects on-site examination of retail and service provider venues and online canvassing. Consider this: According to figures and estimates from the American Pet Products Association (APPA), U. 2B) by the Nov 25, 2022 · As for pet daycare or pet sitting services, 27% of respondents used such services. Here, we explore the top five challenges pet businesses encounter and offer actionable solutions to help owners thrive. US pet owners are less likely to pay for dog walking and daycare/pet sitting services than owners in other countries. 6B) by the end of 2024, 4. The increasing share of mobile payments in the e-commerce industry vertical is driving the growth of the abovementioned segment. The conditions under which pet food is produced has significant environmental implications, leading to questions about its long-term sustainability, and the future of the Mar 6, 2024 · The South African pet industry, shaped by the increasing ownership and affection for pets, has shown significant growth over recent years. Pet Market Outlook, 2022-2023 by Packaged Facts, a leading market research firm and division of MarketResearch. The pet industry is the market industry associated with companion animals. It seemed that we have 1001 pet shops and 1001 grooming salons but I've always been thinking about what is lacking or in fact insufficient for our beloved pet dog. That’s 3. Searches for "pet insurance" are growing slowly but steadily at 100% over the last 10 years. Initially the pet food The pet industry, as an industry that provides companionship for customers and services for pets, the growth of the domestic economy will well promote the development of the pet industry. Globally, the pet insurance industry reached $9. Smart and convenient care. As exhibited by steady year-over-year pet industry growth, there’s no denying that Americans love their “fur babies” — and that they’re devoting more and more of their hard-earned dollars to pampering their pets. According to Michigan State University, the pet industry had an overall economic contribution in 2023 of $303 billion, an increase of 16% from 2022. Jul 28, 2023 · 4. Unlike human health care, preventive care compliance is low in the pet health space. The pet industry demonstrated in 2008 that it was recession-proof. The ‘buzz’ in society around insects has also resulted in the appearance of insect-based pet food products on the market and more products are on their way. 04% through 2030. Jan 18, 2023 · 1. Bureau of Labor Statistics productivity program to examine how pet ownership trends are changing. Eventually though, someone will put a furry covering and memory foam coating on a highly functional robot, like Boston Dynamics’ Spot. But in some narrow pockets, from sawmills to psychologists’ offices, employers are raising wages Jun 17, 2023 · Building Industry Knowledge: Gain a comprehensive understanding of the pet industry, including market trends, consumer demands, and regulatory requirements. 43 billion) by 2030, from US$320 billion as of March 2023. Most pet travel supplies are consumer durables, and the purchase frequency is relatively low. pet care industry today is a shortage of veterinarians and veterinary technicians. Reference: - Pet industry in South East Asia – from pet lovers to pet parents We would like to show you a description here but the site won’t allow us. If you’re looking for a search partner who can help Jun 13, 2023 · Adopting eco-friendly practices may reward the pet industry with government subsidies to grow the industry. 4M) in duties per year. Automotive Industry . 4 Global State of Pet Care Pet Population Pet Health Veterinary Care Healthy Future Oct 17, 2023 · Technology is playing an instrumental role in the pet industry’s evolution. Pet owners appreciate the convenience of ordering pet supplies online, benefiting from doorstep delivery and a wide range of choices. Apr 18, 2024 · The global pet care industry is forecasted to represent €191. This highlights Growing market: The pet industry is experiencing steady growth, driven by the rising number of households owning pets and increasing demand for pet products and services. E-commerce Dominance in Pet Retail: The rise of e-commerce has significantly impacted the pet industry in the UK, and online shopping for pet products will continue to dominate. Jun 9, 2021 · Pet blind boxes. This article highlights some factors that are still lacking in the pet industry and what can be done about it. ; In 2023, there was an 16% increase in pet food sales in Pet Industry Trends: Growth & Statistics in 2022 and Beyond. 5 billion) in 2020. According to Feedlatina, a body representing pet food players in Latin America and the Caribbean, production of pet food in the region reached 7. The U. The US remains the biggest region in the global pet economy, with 40% of industry sales. 4% in 2018, exceeding estimates by 0. 3 million tons last year. Dec 12, 2018 · One of the reasons for this is that China has an attractive wet pet food market — both volume and value — an important segment that Brazil is lacking. Although the pet industry is gaining value at a remarkable rate, it’s not without The pet industry is a major global sector. By taking action and working together, we can make a difference in the lives of countless dogs suffering in puppy mills and create a more compassionate and ethical pet industry. As the pet industry continues to grow and outsized returns are realized, capital inflows are driving expansion and competition. will need as many as 55,000 additional veterinarians by 2030 to meet the needs of pet owners, one estimate says. May 27, 2020 · “The pet industry reaches communities and environments all over the world. Two Chinese export firms sold wheat gluten bags tainted with melamine to Las Vegas-based ChemNutra, “the Chinese ingredient specialist importer. The cat and dog population exceeded 112. 7% more than last year. From innovative health monitoring devices to artificial intelligence (AI) applications, technology has been instrumental in revolutionizing global pet care practices. PET fibers recovery is lack of large-scale, high-value and resource-based recycling enterprises, and the recovery rate is relatively low; in 2015, it was only 14. • Pet insurance does not have its own financial reporting line in the annual statement. S being one of the biggest markets. The growth is attributed to a growing global pet population and the premiumisation of food and services from the humanisation of pets. 3. 4 -dColorConversionStrategy=/LeaveColorUnchanged Apr 29, 2024 · The U. These are areas where you may need to develop a more detailed plan or seek additional resources or expertise. 7% Mar 24, 2024 · Pet food is a multi-billion-dollar global industry, yet in Australia it's still widely unregulated. https://www Nov 11, 2021 · the electrical industry uses of PET. Pet food manufacturing has shown steady growth in the region in the past decade. 5B/€10. Apr 23, 2024 · The pet industry is a dynamic and thriving sector that encompasses a wide range of products and services catering to the needs of pets and their owners. 3% in May 2023 – is really affecting purchasing power. Challenges for Companies in Indonesia's Pet Care Industry. Apr 11, 2023 · Growth in pet technology, which includes smart collars, feeding devices, pet cameras, and mobile apps, has been driven by the need for pet owners wanting to monitor and interact with their pets constantly—the global pet technology market is expected to reach $17. 9% in 2025. A study suggests that considering the rapid urbanization and pet humanization, the pet industry is steadily growing at a rate of more than 10% Apr 10, 2024 · The pet industry is doing fantastic in 2024 so far. Sep 1, 2021 · There is less of a focus on brands in this pet food category. Perpetuating Pet supplies are a leading industry category in the United States, with sales of approximately 4. Researching the pet care industry and understanding pet owner preferences in your area can provide valuable insights. There have been two major recalls within the pet food industry in recent years. Feb 26, 2024 · We would like to show you a description here but the site won’t allow us. Compared with general pet products, pet care consumers are attracted to innovation, safety and design. This, coupled with the growing demand for a higher standard of pet care, suggests that the UK veterinary market will grow in years to come. dollars and positive sales growth of 2. For the past few years, the business has gotten a shot in the arm from the grain-free craze, which helped lift annual sales growth from 2. Aug 1, 2023 · By Brett Yates. Since 2010, pet groomers have been officially listed as one of the new professions of the Ministry of Human Resources and which aspects of the veterinary industry will normalize as time goes on, and which shifts are more enduring. For physical retailers across the board, the online onslaught has meant a dwindling share of pet product sales: from 2015 to 2019, the brick-and-mortar (mass market and pet specialty combined) portion dipped from 93 percent to 78 percent, while the online Jun 27, 2024 · This Beyond the Numbers article uses new labor productivity and related data series from the U. In this comprehensive guide, we will delve into the pet industry's various threats and explore strategies to May 19, 2022 · This report analyzes retail sales and trends across the U. pet industry, factoring in the longer-term impacts of the coronavirus pandemic. Jun 15, 2021 · The broad economy has yet to show signs of a serious worker shortage, economists say. Humanization of pets: As pets become more integral parts of their owners' lives, there is a growing willingness to spend more money on their health, well-being, and comfort. Here is an article on how to start with it. Oct 23, 2024 · The global pet industry is worth $222. 5 billion. New stores Jul 12, 2024 · Spending growth in the pet industry could reach 7% annually by 2030, after below-average growth of 2. 2020's unprecedented growth demonstrated to us that it is also pandemic-proof. Read on, to know which areas of the pet industry need a boost! Scope Of the Pet Industry. Keeping Up with Industry Regulations. Read it and other articles from this issue in our June digital edition. From fluctuating consumer spending to rising operational costs, businesses within this sector must navigate a variety of economic challenges to remain sustainable and competitive. Labor Bureau According to data provided by the APPA, the pet industry grew 4. 4 %Çì ¢ %%Invocation: gs -sDEVICE=pdfwrite -dPDFSETTINGS=/printer -dCompatibilityLevel=1. Dec 10, 2019 · Pet Food Sales Moderating Due to Multiple Challenges. From research and development to commercialization and distribution, professionals in this industry and many others must be analytical and strategic to get ahead and stay ahead. Sharing insights and data to educate the public and our users through our industry report is one of many tools helping us continuously improve welfare standards for all pets. They see a promising future ahead, thanks to an increase in spending and the high penetration of online sales. Mar 8, 2024 · Explore the dynamic shifts and emerging trends shaping the pet industry in 2024 and beyond. The pet industry is amongst the ones with the most stable growth through time. Mar 26, 2025 · The pet industry shows continued growth and resiliency, with the total U. The largest pet industry classification, pet food and treats, grew 4. It is projected to reach over $150 billion (€139B) in 2025 and closer to $200 billion (€185B) by 2030. Mar 5, 2012 · Robertson and Burns (1963) observed that puppies fed a typical diet containing 33 mg zinc/kg and 1. The global pet market is worth $246 billion. Internationally, China stands at 17%, whilst the UK is at 44% and the US at 67%. Pet ownership leads to improved human health outcomes for people including better heart health, lower levels of depression and anxiety, and more. Visitors: Driving Paid Traffic Apr 26, 2022 · Here's a look at the top trends driving pet industry growth and the latest pet industry statistics published in U. The report examines pet food, non-food pet supplies, veterinary services, and non-medical pet services — paying particular attention to the market impact of e-commerce and technology. Feb 11, 2022 · Despite all the difficulties mentioned, and the influence of some protectionist markets – like Brazil and Russia – that make trade agreements more difficult, the industry has continued to function. Our methodology this time around remained consistent with that used last year, but we have studied several new topics to provide the latest industry insights into the attitudes, performance, practices, and policies of Pet Licensing Organizations (PLOs) across the continent. By understanding what pet owners want for their pets—and what they’re willing to spend their hard-earned dollars on—we, as a pet brand, can adapt our products and services to fit those preferences, serving pet parents and their loyal companions in the most efficient way possible. Today, 5 major players hold more than 60% of the global market share. Table of Contents. Asian and European markets have also witnessed a steady increase in pet adoption, and the pet care markets in these regions are estimated to grow at a We would like to show you a description here but the site won’t allow us. The purpose of this meeting was for these industry members to “collaborate and work together”. Jan 7, 2025 · The 20 Pet Industry Statistics. 54 billion U. com and Pet Fair Asia through their nationwide survey shows that China has more than 91. This is our second annual Pet Licensing Industry Research Report. • Industry loss data is not easily obtainable because pet insurance is commingled with other inland marine property coverages, such as contractor’s equipment, in the annual statement. Economic challenges, including Brexit and inflation, have impacted consumer spending, with 8% of pet owners cutting back on pet expenses. This report provides a detailed summary of the economic Feb 2, 2022 · All of these apply to the pet food industry and considerations relevant to pet food integrity include: Supply chain risk assessment to identify vulnerabilities and identify appropriate controls Investment in software and technology; Support efficient, effective data-driven decision making e. The survey also showed that pet owners between 25 to 39 years of age are more likely to use pet care services. Making the pet industry a safer place for pets and pet parents is a team effort Oct 29, 2024 · The pet retail industry is thriving, driven by shifting consumer habits and innovative technologies — and understanding emerging pet retail industry trends gives businesses a competitive edge in meeting the demands of today's pet-loving consumers. 1. Apr 29, 2024 · The U. PET is spun into fibers for permanent-press fabrics, blow-molded into disposable beverage bottles, and extruded into photographic film and magnetic recording tape. rPET is used as a matrix for composites based on glass fiber-reinforced virgin PET. In the case of MasterZoo, we digged deeper into competitor supply and found extensive offers for pet lovers beyond the client’s pet product marketing assortment. Animals and their owners are paying the ultimate price. Fierce Competition in the Market. Jun 19, 2014 · Pet food industry product recalls. 6B by 2025, with the U. Jul 5, 2022 · This article was published in the June 2022 issue of Pet Food Processing. (2016) Reflect on the Past 45 Years of the Pet Industry. 5 million in 2017, according to Statista, a German company specializing in market and consumer data. After an impressive We would like to show you a description here but the site won’t allow us. Merchants a re imitating and learning from other . pet market amounted to a staggering $147 billion in 2023. One of the starkest issues facing the U. Minnesota-based exotic animal nutrition producer Mazuri – which claims to have more than 500 brand references in its portfolio – started targeting consumers who acquire exotic animals as pets a few years ago. As approach 2025, it’s clear that the marketplace is becoming increasingly omnichannel, with more pet parents opting for online shopping while traditional in-store sales soften. Many pet parents in India rely on local veterinarians, who may not have Jan 18, 2024 · Pet ownership is at an all-time high, with 66% of U. PHOTO BY THE HSUS. The focus will be on pet food, pet healthcare, pet services and pet tech. 4 billion in 2022 and is expected to grow at a compound annual growth rate of 17. Lack of Regulation: There is a lack of regulation in the pet industry, which can lead to unsafe and inhumane practices. Look into statistics, trends, and even local pet owner forums or social media groups. How the pet food industry fuels meat industry profits Many of the main ingredients in cat and dog food are animal-derived, creating substantial links between the pet food industry and animal agriculture. 93 billion, combining the following investments: Pet food (36%) Vet appointments and care (27%) Pet supplies (23%) Pet Owners and Their Changing Perceptions. ” %PDF-1. Apr 1, 2024 · China Pet Industry 2018 White Paper issued by Goumin. ; People in the USA spent $89 billion on their pets in 2023. Since then, this industry has seen substantial growth, and is today worth $57 billion U. Here’s a breakdown of how puppy mills influence the industry: Puppies sold to pet stores and online. The Humane Society also is working to increase access in areas lacking Nov 12, 2024 · From competition to inventory management, pet businesses face unique obstacles that require creative and strategic solutions. pet parents. ” ChemNutra then Jan 19, 2025 · In fact, pet owners are now 40% less likely to add a new pet to their pack compared to two years ago. Yet, despite these challenges, China’s pet industry remains full of potential. PETs are used in many parts of automobiles such as carpets, seating . With the increase in pet ownership, the scale of China's pet industry has grown rapidly. In the first half of 2022, news of an aluminum can shortage spread throughout news channels, with wet cat food highlighted as an industry segment being particularly affected. The market is primed for growth. In 2007, an HSUS exposé revealed that the upscale Los Angeles pet store, Pets of Bel Air, which reportedly sold puppies to celebrities such as PET INDUSTRY HIGHLIGHTS No pet food tariffs under EU-NZ free trade agreement As per the new free trade agreement (FTA) between the European Union and New Zealand, all key products, including pet food, will be no longer subject to tariffs. Apr 13, 2025 · The pet industry is booming, but What Is Lacking In The Pet Industry?The industry needs reliable information, specialized services, and innovative products that cater to the evolving needs of pet owners. (1982, 1985) observed a zinc deficiency in puppies fed 20-35 mg zinc/kg and 2. 2 billion ($152. “That’s a whisker below the previous Morgan Stanley survey of pet owners in 2022, but still outpaces nearly all retail subsegments and is one of the largest rates of return of any retail sector,” says Nov 9, 2023 · A narrow perspective on pet care can limit innovation and progress in the industry. Resources and Support This 2022 report compares current estimates with results from IMV’s prior PET market reports since 2001 to explore nationwide trends in the volume and type of PET scans performed, manufacturer installed base share, PET scanner installed base characteristics, technology adoption rates, PET scanner purchase plans, radiopharmaceutical utilization, and site operations characteristics such as Apr 1, 2021 · Because PET bottles are easy for individuals to pick up and can be exchanged for money, and the scale of enterprises is relatively small restrictions on their recycling. Like human Feb 4, 2023 · One of the main challenges facing the pet care industry in India is the lack of a robust and organised pet care community. com. 7 Pet Trends to Watch in 2021 When most people think of the ways that COVID-19 impacted the world, they think of things like the economy and education. For example, there are few regulations on the breeding of animals, which can lead to genetic problems and health issues. Nov 22, 2024 · A bigger pet population and continued humanization could push this up to over $500 billion (€463B) by 2030. This has led to a rise in direct-to-consumer pet food brands, which can offer a wider range of products and faster shipping times. Sep 6, 2024 · Regional pet food production up. Seventy-seven percent of U. Credit: Global Times. Anticipating challenges and adapting to meet customer demands is central to success in this space. Nov 12, 2024 · 3. Many pet parents in India rely on local veterinarians, who may not have Jan 23, 2025 · The global pet industry is worth around $320 billion per annum, with the U. pet owners say the current economy has not affected their pet ownership. More than 3,000 pet stores nationwide have signed an HSUS pledge not to sell puppies,5 demonstrating that it is possible to have a successful pet-related business without supporting puppy mills. Its share of revenue also spread due to the “pet parenting” trend, in which pet To get started, here are some statistics to sum up the current state of the pet industry. Like other industries, the COVID-19 pandemic has majorly Jun 23, 2023 · Our evidence-based expertise in pet industry marketing has so far proven that there is always room for development. 2 billion ($207. 3 Short video self-media software promotes the development of new pet raising methods We would like to show you a description here but the site won’t allow us. May 2, 2023 · The pet industry is constantly evolving, with new trends and innovations emerging all the time. However, like any other industry, the pet industry faces threats and challenges that can impact its growth and sustainability. Nov 21, 2023 · It's about identifying your strengths, weaknesses, opportunities, and threats in the context of pet care. Mar 10, 2023 · In fact, eCommerce spending is expected to reach $36 billion in 2023 — a 20% projected increase from 2022. Many pet stores and online platforms source their puppies from puppy mills. Feb 26, 2025 · Although there can be a lack of detailed understanding of a pet’s health, which is what many pet wearables aim to offer, 76% of global pet parents report that they’d make major life changes for their pets if it were necessary, and seven in ten dog owners place more care for their dog’s health and happiness over their own. Conclusion. Stay updated with the latest research Feb 9, 2024 · Underscoring the importance of this burgeoning sector, the South Korean government recently unveiled an ambitious plan to double the size of the pet care industry to 15 trillion won ($11. households owning at least one pet. Consequently, both individuals and businesses are spending more cautiously; however, most still believe that their pets deserve the best. One of Sep 27, 2023 · The pet care industry is a growing industry, but it also faces a number of challenges, including rising costs, labor shortages, supply chain disruptions, increasing competition, and changing During the COVID -19 period, the pet industry will have undergone the greatest ownership transition the industry has ever witnessed as measured by deal volume • While the COVID -19 period is lacking for a marquee multi -billion dollar deal, the industry is on pace to close more than 100 deals in 2021, a 25%+ increase over any prior -year The pet industry needs professionals who can think on their feet while being innovative and efficient now more than ever to help combat the obstacles being faced. But high inflation – prices increased by some 40. Mar 10, 2024 · The pet care industry has seen a significant transformation in recent years, largely driven by technological advancements. S. Technology is driving the growth of the pet industry. From pet tracking devices to smart feeding solutions, technology has made pet ownership more convenient and enjoyable. 3 percent in 2018 to reach $34. pet industry expenditures reaching $152 billion in 2024. fabrics, side, roof, floor and door panels, seat belts, tires Sep 15, 2023 · When the production of the first foods specifically formulated for pets began in the 1800s, the pet food industry was born. Key expenditure areas include pet food, veterinary care, grooming services, and pet accessories, underlining the seriousness with which South Africans approach pet care. However, the socio-demographic distribution pattern Apr 18, 2024 · The recent expansion of product availability among some e-commerce players is also a sign of popularization. Lack of formal ownership can also lead to indiscriminate breeding and additional health burdens. 4 million in 2021, rising from 87. May 17, 2023 · The publication PetFoodProcessing. Key Pet Industry Trends and Statistics for 2022. Feb 21, 2024 · Another significant challenge that the industry faces today is the very low penetration of pet insurance, which is driven by a lack of awareness of the benefits of pet insurance. Mar 1, 2012 · The value of a pet product has come to reside not so much in its price and marketing positioning as the wholesomeness and health benefits it offers. ” Other markets of note in 2019. Those attending this meeting were asked “What are the top challenges for the pet food industry?” Apr 21, 2023 · 2. One, the largest in history, was the ChemNutra recall in 2007. net recently posted news about a meeting of “pet food processors, renderers, suppliers and academia”. 4B) by 2027. Feb 10, 2023 · Despite the lack of official figures, experts believe that currently, the local Philippine pet industry is worth around PHP6 billion ($108M). com's offering. The B2C segment is projected to register faster growth during the forecast period with a CAGR of 8. 7%. Once AI partners with a cuddly robot, the pet industry may face a real challenge. According to a study by SalesForce, a company that makes cloud-based software designs, in June Jan 26, 2024 · According to a Bloomberg Intelligence report, the global pet industry is expected to grow to US$500 billion ($670. So, if you are still considering forming a pet business, now is the right time. Moreover, the pet industry has to be careful with its waste and take recycling incentives. 5 This impact is no different for the pet food industry, with more pet owners choosing to buy pet food online. Nov 10, 2024 · As disposable income continues to rise, pet spending is expected to grow alongside it, further boosting the pet industry. The COVID-19 pandemic has affected many industries, pet food included. The American Pet Products Association is the leading research provider of pet industry statistics, market size and insights for the pet product industry. This is a cost-effective and environmentally friendly way. Oct 25, 2024 · The pet industry is undergoing a significant transformation as consumer behaviors shift and new trends emerge. spending on pet-related products and services has jumped from just Feb 20, 2024 · The pet industry, while robust and growing, is not immune to the ebbs and flows of the broader economy. 5% during the forecast period (2021-2026). Pet groomers came into being and became a sunrise profession in the pet service industry. For example, the pet food packaging needs to be recycled. Challenge: The pet industry is highly competitive. The Boom of Ecommerce’s Pet Market; Pet Ownership and Buying Behaviors; Data on Three Verticals within the Industry; Pet Stores, Retail, and Pop-Ups; Amazon: The Elephant Great Dane in the Room; Pet Industry Marketing: Unleashing Your Ecommerce Strategy. Practices are also dealing with market concentration; talent, time, and space management; and effective and appropriate leveraging of technology. Read more about our new Trust & Safety measures in section 5. Worldwide, the pet food market is projected to register a compound annual growth rate of 4. $157 billion in sales is projected for 2025. Oct 13, 2020 · Hopefully, this collection of pet industry data has helped you better comprehend the ever-changing pet business market. North America accounts for a lion’s share of the pet industry with 67% of US households owning a pet. Insufficient Regulation and Oversight of Veterinary Practices; Lack of Access to Affordable Veterinary Care; Overcrowding and Limited Resources in Veterinary Clinics Feb 2, 2021 · DUBLIN--(BUSINESS WIRE)--The "Pet Care E-Commerce - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets. 64% Ca. Applications of rPET As with virgin PET, recycled PET or rPET flakes are used in several applications such as: Dec 19, 2023 · Cascadia Capital has released its Pet Industry Overview and noted the pet industry, while "remaining optically attractive," may face some underlying challenges and issues within the industry. Jan 1, 2022 · The objective of this study was to identify determinants of pet food purchasing decisions. It includes things that are associated with the production, consumption and cultural Jan 16, 2025 · As a pet owner, it's important for us to keep our finger on the pulse of the latest industry trends. The rise of e-commerce and mobile apps has also made it easier for pet owners to access pet-related products and services, opening up opportunities Mar 2, 2021 · The lack of legal repercussions for the inhumane treatment of exotic pets has helped create an industry in which “animal suffering, abuse, and the human greed behind it constitutes” the norm Feb 29, 2024 · Join us as we shed light on the complexities of the veterinary industry and discuss the implications for both animals and pet owners alike. 5. 5 billion kilograms of food in 2028. In addition, Packaged Facts has published a variety of other pet industry market research reports that may interest you including: Apr 28, 2025 · Pet insurance is one of the most interesting pet industry trends in 2024. Aug 9, 2024 · Pet food industry 8 Premium Statistic China's pet food market size 2018-2028 Premium Statistic Market size of pet nutritional products China 2020-2023, by pet type Nov 27, 2023 · Pet retailers find themselves at the shoreline of an ocean of possibility. In fact, 30% of all global pet food introductions in 2010 carried a “no additives/preservatives” label claim, while 17% were labeled “all-natural. 5% projected in 2024 and 3. 62 billion by 2027. State of the Pet Industry: Key Statistics. , management of pet food safety and authenticity Apr 28, 2022 · The Indian pet food market is projected to register a Compound Annual Growth Rate (CAGR) of 13. 1%) among all industries from 2010 to 2016 (Wang, 2018). industry. 8% in the period between 2016 and 2026. ” Commercial pet foods marketed as being nutritionally complete should support the health of a dog or cat over the long-term, the authors stated. Similarly, Sanecki et al. This is expected to save the industry €140 million ($157. The US pet care market alone was estimated to be worth $99 billion (€84. The predictions are that the pet industry will be worth $358. Rising Demand For Preventive Care And Wellness Products. Mar 22, 2024 · For more information, be sure to read the report US Pet Market Outlook, 2024-2025 from Packaged Facts, which analyzes current and projects future retail sales and trends across the US pet industry. pet industry continues to boom. Industry Growth Analysis 4 s $ billions Note: 2016 reflects methodology changes for APPA calculations that when normalized result in ~ 4% total industry growth Source: APPA, St. 8% more than in 2022. g. Australia’s market is The pet industry is booming, and with more niche markets within the industry becoming increasingly more saturated, how you advertise your brand, products, and positioning will matter this year. The SDG Action Manager will further PSC’s global approach by uniting the entire pet industry around a common language and common metrics for measuring and improving our impact,” says Caitlyn Bolton Dudas, PSC’s co-founder and executive director. US and Europe snapshot. I predict that brands will begin to build out new consumer profiles that align to some of these key Apr 7, 2025 · Polyethylene terephthalate, or PET, a strong, stiff synthetic fiber and resin and a member of the polyester family of polymers. From the rise of pet influencers driving consumer choices to the increasing demand for sustainable and traceable products, discover how eco-consciousness and dietary preferences are transforming the market. Diverse voices bring fresh ideas, approaches, and cultural insights that can enhance the quality of pet care. One industry that you might not realize it affected is the pet industry. Headlines of Pet Food Processing articles over the last year have highlighted increasing pet ownership, expanding pet food sales, exciting developments in production and packaging, and escalating pet food exports — all harbingers of a growing Jan 1, 2022 · Product innovation is currently lacking in China's pet . Sep 1, 2023 · Egypt has a large and growing population of pet owners, and the demand for high-quality pet products and services is increasing. In fact, by 2030, 1 we will need 40,000 vets and 133,000 vet techs to meet the needs of our nation's companion animals. Industry consolidation. • North American Pet Health Insurance Association (NAPHIA) Bottle-grade rPET is upgraded into engineering-grade PET for injection molding. Indeed, the rate of pet ownership is still very low compared to western countries such as the UK or the US. Sep 1, 2023 · While packaging ranks among the top 3 most important sustainability issues facing the pet industry, the majority of pet companies rely on part-time staff and lack the adequate tools, resources and support to advance their packaging toward more sustainable outcomes. “Pet is Nov 21, 2023 · Lack of experience in pet retail, high competition in your area, or a focus on a specific type of pet which may narrow your customer base are potential weaknesses. An online survey was administered via e-mail, newsletters, and social media. The Egyptian middle class, which has driven the growth of the local pet industry, is suffering as a result. Not only are you competing with other eCommerce pet brands, but many customers turn to Amazon for the convenience of online shopping and instant Feb 5, 2025 · Pet industry in the UK – economics. . Louis Fed, TD Ameritrade, U. Grooming and sanitary products have a high repurchase rate. Challenges Facing Retailers in the Pet Industry. 4 percent in 2014 to 5 percent in 2017. According to the report, the Global Pet Care E The pet food industry provides for all of these, and is expected to produce 59. A survey by Explorer reveals that 58% of British pet owners shop online to save on trips to the shops and access better prices. The Humane Society also is working to increase access in areas lacking Oct 31, 2022 · Supply chain issues create additional challenges for cat food. Our latest report, Paw Power: Pet Purchasing Trends, digs into what’s happening in the pet world and how business leaders in the pet industry can keep wagging through these changing times. Apr 1, 2012 · Hi all, I was jus randomly thinking about the dog industry in our markets. With more enterprises joining the Jan 27, 2023 · In fact, pet ownership has become ubiquitous in urban China. representing the single largest market in the world with a $140 billion expenditure. Pet stores do not have to sell puppies to be successful. Brazil: “I think Brazil already has a pretty high level of spending on pet care relative to other consumer goods industries,” said Koerten. By doing so, the pet industry will be recognized as a responsible industry. From labor agreements at ports to diversifying vitamin sources and actively participating in regulatory discussions, every step taken toward a more robust supply chain ensures our pets continue to receive the nutrition they need Pet store investigations conducted by The HSUS have led to significant increases in consumer awareness of the connection between pet stores and puppy mills and have put the pet industry on the defensive. The pet industry’s growth in 2024 can be attributed to a variety of factors, from the increasing humanization of pets and technological advancements to the rise of eco-consciousness and the pet travel boom. The global pet care market is estimated to grow from $246 billion in 2023 to $368 billion by 2030 Jan 24, 2024 · Share information on social media, participate in online discussions, and engage with policymakers and industry stakeholders to push for reform. According to Cascadia's report, data suggests pet population slowing and retrenchment and pressure at the consumer level as evidenced by growth in private Feb 4, 2023 · One of the main challenges facing the pet care industry in India is the lack of a robust and organised pet care community. bvlfaki sdwt umhz qkgw isfat djw jgenaqe jqxm iprkhgh wfoe iqg ootlg egs mhiscb snrt