The
global pet care market is expected to experience a steady growth from
2015 to 2021. In this report the pet
care market is segmented on the basis of pet type and by
geography. By pet type the market can be segmented into dog care, cat
care, fish care, bird care and others. The other segment includes not
so common type of pets. By geography the global pet care market has
been segmented into North America, Asia-Pacific, Europe and Rest of
the World (RoW).
The
pet care market is composed of pet food and pet health care. The
global pet care market is primarily driven by changing socio economic
and cultural factors that have led to domestic pets being regarded as
member of family. This in turn increases pet owner’s spending from
simple food to innovative and specialized premium product and
grooming expenses. Moreover, with the increasing trend of nuclear
family and increasing disposable income the ownership of pets among
middle class family is growing exponentially. The increasing number
of pet owners and their growing concern towards pets, in turn is also
expected to boost the global pet care market.
However,
the rising incident of pet being allergic and increasing prices pet
care products acts as restraining factor for the growth of pet care
market. In addition, strict government regulations and
cultural/Islamic regulations in some countries regarding pet
ownership also hinders the growth of global pet care market.
The
study highlights current market trends and provides the forecast from
2015 to 2021. We have also covered the current market scenario for
pet care market and highlighted future trends that will have an
impact on demand. The present market size and forecast until 2021 has
been provided in the report. The macro and micro economic factors
affecting the demand and growth of the market also has been provided
in the report.
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Among
the pet type, the dog care held the largest share and is expected to
experience a stable growth during the forecasted period. Spending in
this category is also expected to rise as the number of dog owners
are anticipated to increase in number as well. Adoption of dogs is
increasing for companionship and for security purposes with the
growth in trend of nuclear family. This factor is boosting demand for
dog care market to a great extent. The dog care market is followed by
cat care market. After dog, cat is most loved pets as the cost of
keeping a cat is very less.
North
America and Asia pacific especially India is showing a healthy growth
in pet care market. India is followed by China. Since china has the
world’s lowest birth rate the increasing number of middle class
couple choose to spend their time and money on pets rather than
having child. This in turn boosts the pet care market in this region.
In these regions apart from premium products other services like
grooming pets, training pets and pet day care services are also
flourishing. Owing to these factors, there is huge potential in the
pet care market in developing countries.
The
conclusive analysis of global Pet care market and the forecasted
market growth for the period 2015 to 2021 is provided in this report.
The report provides in dept study of different market segments and
detailed analysis of the pet care market in all possible way across
different segments based on pet type and by geography.
Overall,
the report takes into account a complete analysis of the global pet
care market and provides a predicted growth for the period 2015 to
2021, taking into account the various macro and micro economic
factors affecting the market.
The
report segments the pet care market as:
Pet
Care Market, by Pet Type
- Dog Care
- Cat Care
- Fish Care
- Bird Care
- Others
Pet
Care Market, by Geography:
- North America
- Europe
- Asia Pacific
- Rest of the World (ROW)
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