Pet industry growth ; 57% of UK households keep pets. Pet Care Industry Growth Factors. 7 A pet food powerhouse moves into services, technology, and adjacencies. 4B) in 2023. Mordor Intelligence reports that the Malaysian pet food industry was valued at $317. Diana Rosero-Pena will share highlights about the 2025 pet economy report, which indicates the global pet care industry will expand more than 45% to exceed US$500 billion by 2030, in her Petfood Forum session. The key industry players are consistently involved in creating new opportunities in the veterinary industry. 21% from 2023 to 2030. Apr 18, 2024 · A slower pace of growth. Based on data from 2018 to 2023, the pet care industry is in a good spot—in fact, it’s on an upward trajectory. 3% against 2021. Nader Moursi, Co-Founder of pet taxi firm Chauf-fur, says there is a “significant increase” in the number of dogs and cats being imported to expat hubs such as Dubai and Abu Dhabi. India Pet Care Market size is estimated at INR 74,000 Crore in 2021 and is expected to reach INR 210,000 Crore by 2032, growing at a CAGR of 19. Jan 13, 2025 · The 15 Pet Industry Statistics in the UK. Feb 12, 2025 · Other news about the pet industry in the Philippines Gap in the market The pet care landscape in the Philippines is evolving, with increasing opportunities in insurance, sustainability, and nutrition. The global pet industry is worth around $320 billion per annum, with the U. 3 million (€287M) in 2024 and is projected to reach $443 million (€400M) by 2029. While that source of growth has slowed down, an increasing number of millennials owning pets that they view and treat as family members — spending more money on them than previous generations did — will continue to feed the industry’s expansion. Dec 9, 2020 · After pet food and treats, vet care and product sales were responsible for the pet industry growth. The market is expected to grow annually by 4. Pet Industry Marketing: Unleash Your Ecommerce Growth Strategies Despite all its complexity and all the data, pet brands grow based on only four metrics: visitors, conversion rate, lifetime value — your 60-, 90-, or 120-day payback window (cash multiplier) — and variable costs. 92 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9. Pet owners can buy anything from flea treatments to pet vitamins, CBD tinctures , and much more. The global pet care market size was valued at USD 150. Jan 9, 2025 · The research notes that pet industry M&A activity has been “muted” in 2024, continuing a drop-off that began in 2022. The pet supplement industry is set Apr 26, 2024 · According to IBIS World, the pet industry’s market size, measured by revenue, was $3. ), and PetSmart Inc. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. Apr 21, 2021 · North America accounts for a lion’s share of the pet industry with 67% of US households owning a pet. To Sep 18, 2023 · Booming Pet Industry The Pet Industry is experiencing unprecedented growth, with projections of reaching a whopping $500 billion by 2030. A difficult post-pandemic economy has made companies more careful about acquiring new brands, and a strongly antitrust Biden administration has not been friendly to the growth of megacorporations, including in the pet space. pet market. 32 billion in 2022. 74 billion by 2028. (2021). 3%). 8 billion in revenue. The market grew 4. org Discover the latest pet industry insights from APPA with the 2025 State of the Industry Report, including ownership trends, pet-related purchasing behavior, and consumer sentiment information. (Colgate Palmolive Company), Mars Incorporated, Nestle Purina PetCare (Nestle S. According to the Indian Pet Industry Joint Advisory Council (IPICA), the sector is set to expand at a compound annual growth rate (CAGR) of 20% over the next five years. The major players in the pet industry, including Nestle Purina PetCare, Mars Petcare, and Petco, among others, are expected to continue driving growth in Jan 19, 2025 · In fact, pet owners are now 40% less likely to add a new pet to their pack compared to two years ago. $157 billion in sales is projected for 2025. pet market has shown extraordinary resilience and sales growth in the wake of COVID-19. 2 million homes and 36 million pets. , more than triple of its global peers. The pandemic, which decimated other businesses, only accelerated the growth in the pet business. According to data from local pet food producer Pimlico, the offline channel – grocery retailers and pet stores – dominated sales, accounting for 84% of all purchases in 2021. Feb 5, 2025 · With changes in legislation, new trade agreements and ongoing industry adaptations, the pet industry in the UK is positioning itself for continued growth and innovation. pet industry saw massive growth during 2020, fueled by the COVID-19 pandemic lockdowns. Despite the surge in pet ownership, access to veterinary care remains challenging, with only 1 veterinarian for every 10,000 pet owners. Jun 12, 2023 · The pet industry is expected to continue its growth in the coming years, with younger generations driving the demand for pet care products and sustainable practices. 1 billion in 2025 to USD 44. Feb 10, 2023 · The data company estimates that Filipino pet parents spent $124 million on pet food in 2022, an increase of 16. 5% over the forecast period. Feb 14, 2025 · The pet care industry includes pet food and treats, as well as accessories, veterinary and health care, insurance, and services like walking, grooming, pet sitting, and daycare services. 66 billion in 2023 to USD 368. The U. Pet Services Industry Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030) The Global Pet Service Market Report is Segmented by Pet Type (Dog, Cat, and Other Animals), Service Type (Grooming, Pet Transportation, Pet Boarding, Pet Sitting, Pet Walking, and Other Service Types), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). Mar 31, 2025 · Richard Maltsbarger, CEO of Pet Valu, said although the industry had a slightly below-average year last year with industry growth at approximately 3% to 4% the industry is still “pretty solid. Increasing spending on pet products such as food, healthcare, pet insurance, pet ownership, grooming, and others will likely ease such products’ consumption rate, thereby driving the market growth. Around one third of Korean pet owners spend over 150,000 South Korean won on their animals per USA Pet Industry Report . Jul 12, 2024 · Among spending categories, pet services such as animal health are expected to be the main driver of growth, more than doubling to $112 billion in 2030 from $48 billion in 2019 and outpacing growth in pet consumables, the largest spending category. 4 billion in 2022 and is expected to grow at a compound annual growth rate of 17. Sep 26, 2024 · Growth of the local industry. 5 billion) in 2020. 5. And due to the continuous growth of people’s demand for pets, the pet economy has developed into a new economic form. Asian and European markets have also witnessed a steady increase in pet adoption, and the pet care markets in these regions are estimated to grow at Jan 8, 2025 · 2. A. The increasing population of companion animals, pet humanization, strategies implemented by key companies, and increasing expenditure on pets are some of the key drivers of this market. These temporary workers have another effect on the sector, however, with companies having to constantly remarket themselves to newcomers. The market is expected to expand from USD 20. The big driver behind that growth is largely technology. 92% during the forecast period. 8% per year on average between 2018 and 2023. Dec 4, 2024 · How big is the pet industry in Canada? In 2023, the pet stores industry in Canada generated $3. Research by Market Decipher concluded that the pet care market size in the world’s second most populated nation was valued at INR 74,000 crores ($8. Longer term, through 2028, the market will see a 6% compound annual growth rate (CAGR). 67 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5. While in 2023 the performance of the global pet industry registered an increase of 6% against the previous year, in 2024 this growth rate is expected to represent 4. 4B), which accounts for nearly half of the entire Southeast Asian market. The growth may not be equally distributed, as economic challenges have made some pet owners cautious about spending. The Oct 10, 2024 · For the last decade, the pet industry has grown consistently. Much of this growth in sales is due to the region’s expats, who are used to owning pets. 04% through 2030. Aug 9, 2024 · Pet food industry 8 Premium Statistic China's pet food market size 2018-2028 Premium Statistic Market size of pet nutritional products China 2020-2023, by pet type Top players operating in the pet care industry include Hill’s Pet Nutrition, Inc. Millennials lead the pack in terms of pet ownership by generation, with 33% of people born between 1981-1996 being pet parents. e. While Oct 25, 2024 · Read on to learn more about the key trends shaping the pet industry, what’s driving growth in the pet food segment, the next generation of pet parents, and more. 1% from 2022 to 2030. 62 billion by 2027 (Globe Newswire) Industry experts expect a 6% compounded annual growth rate (CAGR) in the pet industry over the next five years. The market research company confirms that the pet industry is performing well, but it forecasts a slight slowdown in comparison to previous years. The rising trend of pet humanization and increased consumer spending in the household and pet care categories are the major growth drivers The pet market is experiencing rapid growth, driven by the increasing trend of pet humanization, rising pet adoption rates, and the demand for premium pet products. pet owners say the current economy has not affected their pet ownership. Morgan Stanley pointed out that 23% of pet food and supplies were purchased online in 2019, representing a shift of roughly $5 billion from other channels. Beyond the broader trade concerns surrounding tariffs on steel and aluminum, industrial goods and agricultural exports, U. Mar 26, 2022 · The pet industry is a very promising market that has risen in recent years. High Spending on Pet Care to Favor Market Growth . Most pet care workers are employed by companies with fewer than 20 people. S. Jan 29, 2025 · The pet industry in the Philippines is worth an estimated $100 million a year and this is expected to grow as the population moves away from its continued reliance on table and raw food, towards a Jun 13, 2023 · The U. Mar 24, 2023 · The report finds that this growth is boosted by a growing pet population worldwide, as well as the premiumization of food and services resulting from the continued humanization of animal Apr 14, 2025 · Request a Free sample to learn more about this report. pet food makers remain particularly vulnerable to trade disputes. Globally, the pet insurance industry reached $9. ” The long-term average for the industry is generally around 5% to 6%. This remarkable expansion goes beyond conventional pet care, driven by the premiumisation of pet food and services, reflecting the deepening human-animal bond. Jan 16, 2025 · State of the Pet Industry: Key Statistics. From 2018 to 2023, the industry’s market size grew at an average annual rate of 6. 9% CAGR to Rmb756. North America accounts for a lion’s share of the pet industry with 67% of US households owning a pet. 9B/€8. 2% during the forecast period of 2022 to 2032. Technology gives pet owners new ways to keep their pets safe, healthy, and entertained. Mar 26, 2025 · The pet industry shows continued growth and resiliency, with the total U. Here is some Pet Care Market Growth Data: Americans spent $147 billion on their pets in 2023. Definition: The Pet Food market covers food that has been May 19, 2022 · The U. Mar 12, 2025 · Despite these encouraging developments, the U. The Canadian pet food market’s compound annual growth rate is estimated to increase by 4. pet food industry made notable strides in reclaiming its position in the international market in 2024 despite experiencing setbacks in 2023. This trend is expected to continue for pet food, treats and other pet industry segments, including pet prescriptions. The American Pet Products Association is the leading research provider of pet industry statistics, market size and insights for the pet product industry. Conclusion. UK pet ownership and attitudes in 2024. In 2024, 60% of British households owned non-aquatic pets, totaling 17. Pet industry TRENDS, growth & statistics Jan 23, 2025 · Such has been the growth of the grooming market and there are now more than 4,000 groomers across the country. Dec 30, 2024 · In our view, we believe China's pet market has substantial growth potential supported by rising pet ownership, sub-sector diversification and consumption upgrade. The market growth is projected to grow from USD 246. 5bn over 2022-30E and expect the sector to deliver a 2023-25E EPS CAGR of 28%, i. 5 billion by 2035, registering a CAGR of 8. The global pet services market size was valued at USD 24. Feb 6, 2025 · This momentum underscores PET|VET's ability to facilitate high-value transactions and strategic growth within the pet care industry. Pet food and treats earn the most in the U. Market Size And Growth Rate According to recent pet industry statistics as reported by Exploding Topics (2023), the pet industry has grown 450% over the past 25 years. Apr 10, 2024 · Was the pandemic-driven growth of the pet industry a good thing in the long run? The pet industry is doing fantastic in 2024 so far. Canadian pet owner buying behavior. 2024 key trends In Malaysia, more than two thirds of cat owners now feed their cats prepared food, with this share having increased significantly over the last 15 years. Mar 20, 2023 · The growth of the pet industry is driven by several factors, including the increasing number of pet owners in the U. 6 days ago · Pet insurance is one of the most interesting pet industry trends in 2024. Our latest report, Paw Power: Pet Purchasing Trends, digs into what’s happening in the pet world and how business leaders in the pet industry can keep wagging through these changing times. Taking a cautiously optimistic approach, Packaged Facts predicts 2024 US pet market growth approaching 5%, with some categories, such as durable products having a harder time. Originally published by Pet Food Industry The U. Improved GDP growth, a subsiding inflation rate, and stable disposable incomes have helped to sustain growth for pet food and pet products in 2024. Searches for "pet insurance" are growing slowly but steadily at 100% over the last 10 years. It is projected to reach over $150 billion (€139B) in 2025 and closer to $200 billion (€185B) by 2030. The largest market both in volume and value terms is Thailand at $1. Jan 31, 2025 · The rise in e-commerce has made it easier for pet owners to access a wide variety of products, often at competitive prices, further driving the expansion of the pet industry in the United States. Pet nutraceuticals and supplements are the fastest-growing product category. Asian and European markets have also witnessed a steady increase in pet adoption, and the pet care markets in these regions are estimated to grow at a Expert industry market research on the Pets and Pet Supplies Retailers in Australia (2015-2030). S May 27, 2020 · Though hardly any pet industry data is available, industry players believe the market is still growing. The US pet market is on an upward trajectory, underscored by factors like increased disposable income, pet humanization, and urbanization. London led pet ownership Malaysia: Revenue in the Pet Food market amounts to US$282. Much of this rebound was driven by a strong resurgence in Asia, […] Sep 1, 2023 · Another segment of the industry that has recently experienced growth is pet relocation. (Fortune Business Insights) Pet care products have become increasingly popular, and more people are aware of pet wellness. 7 billion (€3. Jan 1, 2022 · Pet industry TRENDS, growth & statistics in 2021 and Beyond: Unleashing your Ecommerce Pet marketing strategies. Now things are changing. Jan 7, 2025 · In 2023, there was an 16% increase in pet food sales in the USA. ; The number of pets in the UK rose 9% between 2022 and 2023 Mar 22, 2024 · 5. 5 billion (€1. Exports grew by 3. This growth is further fueled by millennials, who dominate the pet ownership demographic, driven by lifestyle choices and social media engagement. 88 billion by 2030, exhibiting a CAGR of 5. The pet industry is undergoing significant Mar 8, 2021 · E-commerce is another driving factor for pet care growth. pet food industry remains aware of the challenges ahead in 2025. The shift towards online shopping has accelerated, with retailers like Amazon Canada and Chewy entering Jan 6, 2025 · While dogs are the most popular pet, cats, fish, and other pets have also stimulated industry growth. Nov 22, 2024 · The US remains the biggest region in the global pet economy, with 40% of industry sales. India's pet industry is on the brink of significant growth. 5 million dogs and 12. US pet food prices have surged 18. 4 Source: “Online Pet Food & Pet Supply Sales in the US - Market Size,” IBISworld, January 10, 2023 5 Source: “Pet stores Industry in the US” IBISworld, March 22, 2023 Apr 7, 2021 · “We think the U. owning a pet, with largest growth in pet ownership in recent years among 18- to 34-year-olds. pet market is projected to grow to $325. Mar 28, 2024 · The remarkable growth of the Southeast Asian pet food market can be primarily attributed to the rapid development of the pet food markets in Thailand, Indonesia and the Philippines. which account for an approximate share of 25% in 2023. Mar 13, 2024 · The pet industry is expected to reach $358. Apr 26, 2023 · Since 2020, the pet industry in the country has registered an annual growth rate of 22%. 47% between 2024 Feb 13, 2025 · News & Newsletters; Petfood Forum News; Population growth and pet humanization transforming industry. Nowadays, there are unique lines of products dedicated to the wellness and well-being of pets. 43m in 2025. Its external influences on its development provide catalysts that should be identified. . 7%, reaching $2. Mar 22, 2023 · Pet care service jobs have grown exponentially in the past decades, outpacing job growth in every other pet industry. The overall pet market grew a remarkable 14% in 2021—topping the 10% growth rate it achieved in 2020, according to a recent video interview hosted by Packaged Facts Research Director David Sprinkle. The US pet care market alone was estimated to be worth $99 billion (€84. pet industry has reached an inflection point, taking topline compound annual growth rates to 8%, vs. The global pet care market size was valued at USD 235. 5 million cats in the UK. 46% (CAGR 2025-2030). Aug 18, 2023 · GLOBAL PET MARKET . Continued Pet Industry Growth Amid Challenges. 7% (-1. We estimate the industry could expand at a 12. S, the trend of pet humanization, and the impact of the COVID-19 pandemic. Jan 2021; R Roberts; Roberts, R. 1% over the past 5 years, with Vermont seeing the highest increase at 44. Over 100,000 companies are active in this market. There are 13. 49 billion, signaling renewed momentum in key global regions. 4B). Pet Tech and Wellness Mar 20, 2025 · The Pet industry is always evolving globally, and the case is the same in Canada. 3%. pet industry expenditures reaching $152 billion in 2024. 3% for the last decade, " says Simeon Gutman, equity analyst covering hardline retail for Morgan Stanley Research. Seventy-seven percent of U. According to Michigan State University, the pet See full list on worldanimalfoundation. rbyfca dba zeznv ibyb hpbaa jbbbtme jime qlajg ynld edreah tjlwtune gmeadfh whrkw uzf rrxoi