Global Economics of Pet Market 2023 by Company, Regions, Type and Application, Forecast to 2029

Global Economics of Pet Market 2023 by Company, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global Economics of Pet market size was valued at USD million in 2022 and is forecast to a readjusted size of USD million by 2029 with a CAGR of % during review period.

According to data from the company's "Pet Products Research Center", the global pet industry will reach US$246 billion in 2022, a year-on-year increase of 11.3%. The United States has the highest pet penetration rate and is also the largest pet consumer market. According to data from the American Pet Products Association (APPA), 66% of American households own pets, and the total industry sales are approximately US$136.8 billion, an increase of 10.8% from 2021. . IVH, the German Pet Products Industry Association, stated that the number of pets in Germany will be as high as 33.4 million in 2022, with a total turnover of nearly 6.5 billion euros. The "2023 China Pet Industry Trend Insights White Paper" released by JD.com shows that China's pet industry is showing a trend of "red ocean near, blue ocean far away". In 2023, the number of pet-raising households in China will exceed 100 million, and the market size will reach 129.6 billion yuan. Specifically, the market sizes of the four major physical pet products are all increasing year by year: pet supplies account for 45%, pet staple food accounts for nearly 35%, pet snacks account for 12%, and pet medicine and health care account for 9%. Pet medical care is the pet industry’s economic industry second only to pet food. In the UK, annual spending on veterinary and other pet services has increased from £2.6 billion in 2015 to £4 billion in 2021, a 54% increase in just six years. Data from Vetnosis shows that the value of the global animal health industry increased by 12% in 2021, reaching $38.3 billion.

The Global Info Research report includes an overview of the development of the Economics of Pet industry chain, the market status of Dog (Food, Toy), Cat (Food, Toy), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Economics of Pet.

Regionally, the report analyzes the Economics of Pet markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Economics of Pet market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Economics of Pet market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Economics of Pet industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Food, Toy).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Economics of Pet market.

Regional Analysis: The report involves examining the Economics of Pet market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Economics of Pet market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Economics of Pet:

Company Analysis: Report covers individual Economics of Pet players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Economics of Pet This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Dog, Cat).

Technology Analysis: Report covers specific technologies relevant to Economics of Pet. It assesses the current state, advancements, and potential future developments in Economics of Pet areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Economics of Pet market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Economics of Pet market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Market segment by Type
Food
Toy
Furniture
Health Products
Others

Market segment by Application
Dog
Cat
Aquatic
Birds
Rodents
Others

Market segment by players, this report covers
Mars
Go Pet Club
Diamond Pet Foods
Petplan UK (Allianz)
Colgate-Palmolive
North American Pet Products
Heristo
Nestle Purina
Nationwide
Trupanion
J.M. Smucker
Hartville Group
Pethealth
Kong
Nylabone
Jolly Pets
JW Pet
Pfizer
Wellness
John Morrell

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Economics of Pet product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Economics of Pet, with revenue, gross margin and global market share of Economics of Pet from 2018 to 2023.

Chapter 3, the Economics of Pet competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Economics of Pet market forecast, by regions, type and application, with consumption value, from 2024 to 2029.

Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Economics of Pet.

Chapter 13, to describe Economics of Pet research findings and conclusion.