Pet Care Market size was valued at USD 260.53 billion in 2024 and is likely to cross USD 598 billion by 2037, registering more than 6.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of pet care is estimated at USD 274.29 billion.
People started adopting pets on a large scale due to the love and companionship they offer to human beings. Pets help in reducing stress and feelings of loneliness, whereas, various studies show that pet owners tend to have lower blood pressure, reduced anxiety levels, and better mental health. They encourage regular exercise and outdoor activities which helps to maintain fitness. According to the World Animal Foundation report issued in 2024, around 4.8 million dogs and cats are adopted annually worldwide.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
6.6% |
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Base Year Market Size (2024) |
USD 260.53 billion |
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Forecast Year Market Size (2037) |
USD 598 billion |
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Regional Scope |
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Product (Pet Food, Pet Care Products, Services)
Pet food segment is anticipated to dominate pet care market share of over 47% by 2037. The segment growth is due to the massive demand for nutritious and tasty food for daily feed. Pet food comprises meat, meat byproducts, grains, cereals, vitamins, and minerals. Pet owners are concerned about the health of their pets is results in a high demand for quality pet food. As per a recent report issued in 2023, pet food production has been growing at a fast pace reaching 35.27 million metric tons in 2022.
Animals (Dog, Cat, Birds)
In pet care market, dog segment is projected to dominate revenue share of over 52% by 2037. The segment growth can be attributed to the comfort and protection given by dogs. They also help to keep the body fit by promoting exercise, which prevents cardiovascular diseases. All these factors drive the segment growth.
Additionally, people living alone prefer to have at least one pet as a companion contributing to the market growth in developed countries. As per the World Population Review report issued in 2024, around 30% of households worldwide have a dog, totaling between 700 million to 1 billion dogs in 2024.
Distribution Channel (Online, Offline)
By 2037, offline segment is set to dominate pet care market share of over 76%. In offline mode, pet store consists of a wide variety of food and pet care products. Moreover, these stores provide personalized services, advice, and immediate access to products and healthcare facilities like canine arthritis treatment and infections. According to the Health for Animals report published in 2022 (Global Animal Health Association), more than 1 billion people have pets at home worldwide.
Our in-depth analysis of the market includes the following segments:
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Product |
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Animals |
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Distribution Channel |
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North American Market Statistics
North America industry is set to account for largest revenue share of 36% by 2037. The market growth in the region is expected on account of the increasing number of pet owners in the region. With high incomes, people can afford pets and provide them best healthcare facilities, and nutritious food. According to a recent report published in 2023, around 66% of U.S. households, or about 86.9 million families have pets in their homes.
The market for pet care is growing in the US as the region started offering pet health insurance to the owners which includes accidents and illness. According to the Insurance Information Institute report issued in 2023, around 5.7 million pets were insured in the U.S. at the end of 2023 showing a 17% increase over 2022. The average accident and illness premium for dogs was USD 676 a year or USD 56 a month.
In Canada, the growing demand for superior quality pet food is driving the market growth leading to a notable revenue generation from such products. As per a recent report data issued in 2024, the pet population in the region was 27.9 million in 2020. In the same year, Canadians spent nearly USD 2 billion on premium quality dry dog food and around USD 841 million on dry cat food.
APAC Market Analysis
The Asia Pacific region will also encounter huge growth for the pet care market during the forecast period and will hold the second position owing to the presence of key players in manufacturing facilities in the region. Due to the presence of leading companies, it becomes easy to access premium pet products fueling the economy of the region. For instance, a report issued in 2022 states that pet food production increased by 17.1% from 3.26 million metric tons to 3.81 million metric tons in the Asia-Pacific region in 2021.
China's pet care business has undergone tremendous growth due to growth in the country’s GDP (gross domestic product) per capita and the growing need for companionship. According to the World Population Review report issued in 2024, China is home to over 54.29 million dogs. Popular breeds including Pekingese, Chow Chow, Shar Pei, and Tibetan Mastiff are found there in the pet category.
The market for pet care is growing in Indonesia due to the higher adoption of cats as Indonesia is a predominantly Muslim country that considers cats as sacred animals. As per the data issued in 2022, 69% population owned cats and 13% owned dogs in 2022. Number of cats is 654.8% higher than that of dogs in 2021.
The major key players present in the market focus on the production of premium quality food products and providing the best medical healthcare facilities.
Author Credits: Radhika Pawar
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