Pet Industry Market Size

The US pet industry as a whole is worth 75 billion. Actual Sales within the US.

Pet Industry Market Size Ownership Statistics In 2021 Pets Workplace Marketing

The high market share is attributed.

Pet industry market size. In 2017 the US. After pet food and treats veterinary care and product sales had the highest revenue at 277 billion 293 billion and 302 billion for 2018 2019 and 2020 respectively. Pet Food Treats 420 billion Supplies Live Animals OTC Medicine 221 billion.

That year pet food amounted to a market value of 29 billion British pounds while the veterinary market was worth 21 billion pounds. Service segment held the largest revenue and was valued at around USD 414 billion in 2020 and is projected to follow the same trend in the coming years. In the US the pet industry is currently worth 990 billion.

Pet Grooming Boarding. Our research market report is segmented by pet type product type distribution channel and geography. Global household pet care sales growth pre- and post-COVID-19 2020 by market Leading North-American specialty chains in the pet industry by number of.

Pet grooming products market accounted for nearly 30 of the global. While eight in 10 consumers have changed their grocery shopping habits to save money new research shows only one in 10 pet owners have cut back on what they spend on their animals. The global pet grooming products market was valued at 3872 million in 2017 and is projected to reach at 5488 million by 2025 growing at a CAGR of 45 from 2018 to 2025.

Overall coverage of pets is currently relatively low with between 1-2 of pets in the United States currently insured. Globally the pet care market has grown from 216 billion in 2020 to 232 billion in 2021. Pet Food Market Size - Top manufacturers Entry Global Industry Analysis Market Share Growth Trends Segmentation and Forecast CAGR of 26.

Pet Grooming Products Market Overview. Companion Animal Drugs Market size was valued at around USD 1183 billion in 2020 and is projected to witness around 6 CAGR from 2021 to 2027. Owned a pet which is equal to approximately 849 million homesThis percentage had increased by about 11 since 1988 where.

Just within this subsection of the large industry the pet grooming space has grown at an annualized rate of 43 to 92 billion over the five years. The pet grooming services market size was estimated at USD 75792 million in 2019 and is expected to reach USD 80036 million in 2020. According to The American Pet Products Association the overall spending in the US.

By type the market is segmented into pet food pet care products and service. In 2020 1036 billion was spent on our pets in the US. Up from 957 billion in 2020.

In Europe the total amount of companion animals in 2018 was estimated to be over 158 million pets. In the UK approximately 59 percent of. By 2019 the pet food market was worth 369 billion and the projection for 2020 will reach 384 billion.

An estimated 61 compounded annual growth rate CAGR will catapult that figure to 350 billion by 2027. On one hand COVID-19 exerted a negative impact on the supply chains. Rising adoption of pet animals due to growing urbanization and increase in number of nuclear families is among the primary market growth factors.

Pet industry increased to USD 957 billion in 2019 from USD 905 billion in 2018 and it is estimated to reach USD 990 billion in 2020Moreover in 2019-2020 about 670 of households in the US. In the United States alone between 2017 and 2018 there was an estimate of 393 million pets making for a total pet expenditure of 7256 billion. The pet supplement market size was valued at 5968 million in 2019 and is estimated to reach 8226 million by 2027 registering a CAGR of 73 from 2021 to 2027.

In total the UK spends over 10 billion a year on their dogs alone and 8 billion on cats. The Pet Care Market is expected to grow at a CAGR of 74 during the forecast period 2021-2026. Pet supplement refers to processed food made of plant and animal raw materials with concentrated sources of nutrients to compensate for vitamin protein or mineral deficiencies.

Basic pet grooming is very much still an essential part of caring for your buddies and will continue to increase in demand as people continue to adopt more pets. Market Overview The global pet food market was estimated at USD 96893 million in 2020 and is projected to register a CAGR of 48 during the forecast period.

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