The global pet care market size was valued at USD 246.66 billion in 2023. The market is poised to expand from USD 259.37 billion in 2024 to USD 427.75 billion by 2032, exhibiting a CAGR of 6.45% over the forecast period. The rise can be attributed to the escalating popularity of pet care products across numerous regions.
Fortune Business Insights™ cites this information in its research report, titled “Pet Care Market, 2024-2032”.
Top Companies Covered in the Pet Care Market:
Information Source: https://www.fortunebusinessinsights.com/pet-care-market-104749****
Segmentation:
Pet Food Segment to Record Substantial Growth Impelled by Rising Demand for Nutritious Items
By product type, the market is segmented into veterinary care, pet food products, and others. The pet food segment is expected to expand at an appreciable pace throughout the study period. The surge can be attributed to the increasing demand for nutritious and tasty food items for meeting the daily feeding requirements of pets.
Dog Segment to Register Considerable Expansion Owing to Healthy Nature of Products
Based on pet type, the market is categorized into cat, dog, and others. The dog segment is estimated to register substantial growth over the projected period. The growth is driven by the healthy nature of products and the happier nature of dogs.
Offline Segment to Gain Traction Driven by Extensive Availability of Products at Various Stores