Pets and Pet Supplies Retailers in Australia - Industry Market Research Report

Pets and Pet Supplies Retailers in Australia - Industry Market Research Report

Pets and Pet Supplies Retailers in Australia

The Pets and Pet Supplies Retailers industry has capitalised on a rise in pet ownership and long-term trends in consumer spending relating to pets and pet supplies. Australia has one of the highest rates of pet ownership in the world, with over two-thirds of Australian households owning a pet. These pets form an integral part of their owner's lives, and many consider their pets to be family members. As pets become increasingly humanised, households are spending more money on them in the form of premium foods, dietary supplements and vitamins, pet accessories and treats. During the pandemic, these long-term trends accelerated. Pet ownership boomed in Australia, while rising real household discretionary income contributed to higher spending on premium products. Overall, Industry revenue is expected to increase at an annualised 3.8% over the five years through 2023-24, to $3.7 billion. This includes a decline of 1.7% in 2023-24, as a sharp uptick in consumer price inflation has weighed on retail spending at pet shops.

Industry operators are retailers of pets and pet supplies. Products sold include pets, pet food and other pet supplies and accessories. The most common pets sold include dogs, cats and fish. Online pet retailers are not included in the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.