Pet Care Market Size & Share, by Product (Pet Food, Pet Care Products, Services); Animals (Dog, Cat, Birds); Distribution Channel (Online, Offline) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 6200
  • Published Date: Jun 14, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Pet Care Market size was valued at USD 312.8 Billion in 2023 and is expected to reach USD 623.8 Billion by the end of 2036, registering around 7.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of pet care is evaluated at USD 428.1 Million.

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.


Pet Care Market Overview
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Pet Care Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing expenditure on pet care products - People spending more on pet care products and services including food, animal health, grooming, and insurance is driving the market growth. The investor's inclination towards this sector is also growing at a fast pace. Additionally, the growing demand for pet care products motivates key players to modify the variety of products according to the customer’s needs.

    The introduction of innovative options for pets attracts more people, resulting in pet care market growth. As per recent data published in 2024, the average total lifetime cost of owning a dog is between USD 19,893 and USD 55,132 including food, insurance, and healthcare if they have a 15-year lifespan. 
  • Increasing cases of food-borne and zoonotic diseases in pets - Zoonotic infections including viral and bacterial are majorly transmitted to humans through dogs. They are transferred by different mediums such as infected saliva, aerosols, contaminated urine/feces, and from direct contact with the dog. Rabies which is a commonly found disease in humans is caused by viral infection.

    The increasing awareness and knowledge among dog owners and the general population regarding zoonotic infections could notably reduce zoonosis transmission and consequently their fatal complications. According to the World Health Organization (WHO), around 59,000 humans die every year in more than 150 countries due to rabies infection. Additionally, 95% of these cases are reported to be in Africa and Asia.

Challenges

  • Congestion in animal shelters due to increasing abandonment - Animal shelters are left with limited resources as they are getting overcrowded due to increased surrenders and abandoned animals. People who find it difficult to take care of their pets abandon them, resulting in an increasing number of stray animals.
  • High cost for pet care and services - Having a pet means investing financially in pet food, healthcare, grooming, and basic requirements. The high cost of owning a pet becomes a hurdle during pet adoption. Additionally, the majority of pet stores and breeders are facing a reduction in revenue due to decreasing demand for pets.

Pet Care Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

7.4%

Base Year Market Size (2023)

USD 312.8 Billion

Forecast Year Market Size (2036)

USD 623.8 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Pet Care Segmentation

Product (Pet Food, Pet Care Products, Services)

Pet food segment is anticipated to dominate pet care market share of over 47% by 2036. 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 2036. 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 2036, 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:

          Product

  • Pet Food
  • Pet Care Products
  • Services

          Animals

  • Dog
  • Cats
  • Birds

          Distribution Channel

  • Online
  • Offline

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Pet Care Industry - Regional Synopsis

North American Market Statistics

North America region in pet care market is expected to hold revenue share of over 36% by the end of 2036. 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.

Research Nester
Pet Care Market Regional
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Companies Dominating the Pet Care Landscape

    The major key players present in the market focus on the production of premium quality food products and providing the best medical healthcare facilities.

    • Blue Buffalo Company, Ltd
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Champion Petfoods
    • Saturn Petcare GmbH
    • The Hartz Mountain Corporation
    • Petmate
    • Tail Blazers Pets
    • Ancol Pets Private Limited
    • Hill’s Pet Nutrition, Inc.
    • All Pet Food
    • Mars, Incorporated

In the News

  • Champion Petfoods has received approval from the U.S. Food and Drug Administration (FDA) for a grain-free diet as there is no evidence found that it causes canine dilated cardiomyopathy (DCM). The agency said that there is nothing inherently unsafe about a grain-free diet which is good news for pet lovers who have seen their dogs thrive on grain-free diets for healthy and wholesome nutrition.
  • Petmate announced that it has launched its newest WonderSnaXX product offering, NutterZ, to deliver a creamy peanut butter experience that dogs love while eliminating the mess for pet parents. The butter treats combine the WonderSnaXX proprietary SAFE-HIDE® manufacturing process with a unique, real peanut butter formulation that has never been seen before in pet treats. 

Author Credits:  Radhika Pawar


  • Report ID: 6200
  • Published Date: Jun 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of pet care was over USD 312.8 billion.

The market size for pet care is projected to cross USD 623.8 billion by the end of 2036 expanding at a CAGR of 7.4% during the forecast period i.e., between 2024-2036.

The major players in the market are Blue Buffalo Company, Ltd, Champion Petfoods, Saturn Petcare GmbH, The Hartz Mountain Corporation, Petmate, Tail Blazers Pets, Ancol Pets Private Limited, Hill’s Pet Nutrition, Inc., All Pet Food, Mars, Incorporated, and others.

The pet food segment is anticipated to garner a share/size of 47% during 2024-2036.

The North America pet care sector is poised to hold a 36% share by the end of 2036.
Pet Care Market Report Scope
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