Pet Supplies Market Size By Type (Food Supplies, Health And Wellness Supplies), By Pet Type (Dog, Cat, Birds), By Distribution Channel (Online, Offline), & Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Pet Supplies Market Valuation – 2024-2031

The Pet Supplies market has been experiencing steady growth over the past decade, driven by factors such as increasing pet ownership, humanization of pets, and the growing trend of premiumization in pet products. According to the analyst from Market Research, the Pet Supplies market is estimated to reach a valuation of USD 457.66 Billion over the forecast by subjugating the revenue of USD 305.08 billion in 2024.

there has been a trend towards premiumization in the pet supplies industry, with pet owners increasingly seeking out higher-quality, natural, and organic products for their pets This surge in demand enables the market to grow at a CAGR of 5.2% from 2024 to 2031.

Global Pet Supplies MarketDefinition/ Overview

Global Pet Supplies refers to the industry involved in the production, distribution, and sale of products intended for pets. These supplies encompass a wide range of items including food, treats, toys, grooming products, accessories, and healthcare products.

The global pet supplies industry serves the needs of various types of pets including dogs, cats, birds, fish, small mammals like rabbits and guinea pigs, reptiles, and more. With pet ownership on the rise globally, the demand for pet supplies has also increased, leading to a thriving industry with numerous companies catering to the needs of pet owners worldwide. This industry encompasses various players including pet food manufacturers, pet product retailers, online pet stores, specialty pet stores, veterinary clinics, and pet grooming services.

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What are the factors that surge the demand for the Global Pet Supplies Market?

The growth of the global pet supplies market is propelled by factors such as the increasing prevalence of pet ownership worldwide, driven by demographic shifts, changing lifestyles, and the humanization of pets, which has created a burgeoning demand for products catering to the needs and preferences of pet owners.

An aging population and a decline in birth rates in some countries lead to a rise in single-person households. Pets can provide companionship and emotional support for these individuals.

These days, pet parents are really getting clued in about how to keep their furry friends healthy and happy! This means they're not just looking for the basics anymore. They want nutritious food that tackles specific needs, like special formulas for senior pets, weight management options for pudgy pals, and food perfect for pets with allergies or tummy troubles. Plus, they're all about preventative care – things like dental chews, joint supplements, and those all-important parasite control medications. And because we're all more aware of pet health, there's a growing market for specialty items that help with those unique health issues.

What are the challenges that are being faced by the Global Pet Supplies Market?

More and more pet parents are wanting the best for their furry friends, and that means upgrading their food! Just like we're ditching artificial stuff in our own meals, people are saying "no thanks" to artificial flavors, colors, and preservatives in pet food too. Think real foodwhole ingredients like fresh meat, poultry, or fish, and those wholesome whole grains. Plus, with worries about how making meat affects the environment, some of us are exploring alternative protein sources for our pets. Maybe that's plant-based options, or even something a little different like insect proteins or lab-grown meat. All these new ideas are pushing pet food companies to get creative and change things up, but they also have to keep prices reasonable. They need to spend time and money on research and development to make new products that we want, but also make sure those new options won't break the bank.

The online pet supplies market is booming, but that doesn't mean everyone can easily get what they need for their furry friends. Especially in developing countries, even though lots of people have pets, finding good quality food and a decent selection of supplies can be tough. And even in richer countries, some pet parents on a tight budget struggle to afford the top-shelf food or the newest gadgets. The pet food industry really needs to step up and think about these folks, maybe by creating cheaper, but still healthy, food options, or teaming up with animal shelters and rescue groups to help get supplies to pets in need.

Category-Wise Acumens

How does the increasing adoption of dog and cat segment impact the market growth?

According to analysis, the dog and cat segment is estimated to hold the largest market share during the forecast period. The significant market share of the dog and cat segment in the pet supplies market can be attributed to factors such as dogs and cats being the most popular and widely owned pets globally, accounting for a significant portion of pet ownership. As such, the sheer size of the dog and cat population drives demand for pet supplies tailored to their specific needs, including food, treats, toys, grooming products, and healthcare items.

Additionally, The dog and cat segment benefits from the emotional bond between pets and their owners, leading to higher levels of consumer engagement and loyalty. Pet owners are often willing to spend more on products that enhance their pets’ quality of life and strengthen the human-animal bond. This emotional connection fosters brand loyalty and repeat purchases, further solidifying the market dominance of the dog and cat segment in the pet

How Online Pet Supplies segment propel the growth of the Pet Supplies Market?

It looks like the Online Pet Supplies segment is expected to be the top dog (pun intended!) in the market for the next few years. Why? Well, think about itonline stores are just so easy for pet parents to use. Forget driving to the pet store, wandering through endless aisles, and struggling with heavy bags of food. Now, you can find everything your furry, scaled, or feathered friend needs right from your couch with a few clicks. Plus, online retailers offer delivery options that actually work for you. Need that bag of kibble today? Maybe they have same-day delivery. Or perhaps you want to set up regular deliveries so you never run out of the essentials.

Online stores aren’t limited by physical shelf space, so they can stock a much larger variety of products than physical stores. This includes niche items, like raw food diets or specialized grooming products for specific breeds.  They can also offer specialty foods that cater to particular dietary needs, such as grain-free options for pets with allergies or senior formulas for older pets. Online retailers can also carry hard-to-find brands from smaller companies or international markets that may not have a presence in your local area.

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Country/Region-wise Acumens

How is the demand for the global market for pet supplies influencing the growth of the market in North America?

According to analysis, the North American segment is estimated to hold the largest market share during the forecast period. North America has emerged as a dominant player in the global market for pet supplies due to a combination of factors that leverage their economic prosperity, cultural attitudes towards pet ownership, and advanced pet care infrastructure.

The high level of disposable income in these regions enables pet owners to spend more on their pets, driving demand for premium and specialized pet products. Additionally, the humanization of pets, where animals are considered valued members of the family, has led to increased spending on pet care and well-being, including high-quality food, grooming services, and healthcare products.

Furthermore, North America boasts mature pet care markets with well-established distribution networks, including pet specialty stores, veterinary clinics, and online retailers, providing easy access to a wide range of pet supplies. The presence of leading pet care companies and brands, coupled with a strong culture of innovation and product development, has increased the introduction of new and advanced pet products, meeting the evolving needs and preferences of pet owners.

What factors contribute to the potential opportunities in the Asia Pacific region market for pet supplies?

According to analysis, the Asia-specific region has experienced a higher growth rate in the global market for pet supplies due to its rapidly expanding economy, changing demographics, and evolving cultural attitudes toward pet ownership.

The region’s rising middle-class population and increasing urbanization have led to a surge in pet ownership, as more households have the financial means and space to accommodate pets. This growing base of pet owners has driven demand for pet supplies, including food, accessories, grooming products, and healthcare items.

Moreover, the humanization of pets, a global trend where pets are considered valued members of the family, has gained traction in the Asia Pacific region, leading to higher levels of spending on pet care and well-being. Pet owners are increasingly willing to invest in premium and specialized products to ensure the health, comfort, and happiness of their furry companions, driving the market growth.

Furthermore, the rapid expansion of e-commerce and digital platforms in the Asia Pacific region has transformed the way pet supplies are bought and sold, providing greater accessibility and convenience to consumers. Online retailers offer a wide selection of products, competitive prices, and doorstep delivery, catering to the needs of busy urban dwellers and driving significant growth in online pet retailing.

Competitive Landscape

The competitive landscape of the market is quite dynamic, with a mix of established players and emerging companies vying for market share.

Some of the major players in the market are

  • Mars, Incorporated
  • Nestlé S.A.
  • Blue Buffalo Company, Ltd.
  • Hill’s Pet Nutrition, Inc.
  • The J.M. Smucker Co.
  • Ancol Pet Products Limited
  • The Hartz Mountain Corporation
  • Heristo AG
  • Doskocil Manufacturing Company, Inc (Petmate)
  • Drools Pet Food Pvt. Ltd.

Latest Developments

  • In 2021, Paws Inc., a New York, U.S.-based cat wellness products company, acquired Ocado Group’s Fetch, a U.K.-based online pet food store, to expand its business in the European market.
  • In 2020, SigmaTron International Inc., a U.S.-based electronics manufacturing company, merged with Wagz, Inc., a privately held pet technology company, to implement various kinds of modern technology measures to improve the health and well-being of U.S. millennials’ pets
  • In 2020, Nestlé S.A., launched a new allergy-reducing cat food line. Growth in online sales channels for pet food and supplies. Introducing recyclable packaging and reducing the environmental footprint of manufacturing processes. Developing high-quality pet food products with premium ingredients.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Growth Rate

CAGR of ~5.2% from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Type,
  • Pet Type
  • Distribution Channel
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Rest of The World
Key Players

Mars, Incorporated, Nestlé S.A., Blue Buffalo Company, Ltd., Hill’s Pet Nutrition, Inc., The J.M. Smucker Co., Ancol Pet Products Limited, The Hartz Mountain Corporation, Heristo AG, Doskocil Manufacturing Company, Inc (Petmate), Drools Pet Food Pvt. Ltd.

Customization

Report customization along with purchase available upon request

Pet Supplies Market, By Category

Type

  • Food Supplies
  • Health & Wellness Supplies
  • Accessories
  • Others

Pet Type

  • Dog
  • Cat
  • Birds
  • Fish & Aquatics
  • Others

Distribution Channel

  • Online
  • Offline

Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of The World

Research Methodology of Market Research

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Pivotal Questions Answered in the Study

In 2024, the market reached an approximate value of USD 305.08 billion.
The market is assessed to grow at a CAGR of 5.2% between 2024 and 2031.
The rise in trends of keeping and adopting pets can help manage loneliness and depression by giving us companionship. This, in response, increases the per humanization, which drives the market growth.
The major players are Blue Buffalo Co., Ltd., Champion Petfoods, Colgate-Palmolive Company, Doskocil Manufacturing Company, Inc. (Pet Mate), and General Mills Inc.
The sample report for the Pet Supplies Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

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