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.
Author Credits: Radhika Pawar
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