Animal Care Services Market Size to Grow at a CAGR of 5.90% in the Forecast Period of 2023-2028

Erika Tinkle March 15, 2023

1 4 minutes read

The ‘Global Animal Care Services Market Size, Share, Price, Growth, Trends, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global animal care services market, assessing the market on the basis of its segments like pet type, product type, distribution channel, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

Animal Care Services Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2028): 5.90%

The animal care services market is expanding rapidly on a global scale primarily as a result of rising pet ownership and per-pet spending. Pet owners are being encouraged by the rising trend of treating animals like family members to spend money on their animals, beyond basic expenses like feeding and routine care.

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The market is being positively impacted by the global trend of pet adoption and pet humanisation, which has grown significantly in recent years, particularly during the COVID-19 pandemic. The rise in pet-friendly workplaces and the shifting cultural attitudes toward pets can both be credited for the increase in pet ownership. Due to the increasing value of pets and services, there is a greater need for improved pet care items and accessories, such as pet furniture.

Cats, dogs, and other small animals are becoming more popular as pets because they are easier to care for and humanise than larger animals. Pet owners are increasingly willing to pay a lot of money to give their pets the best living conditions. As a result, the popularity of pet care products including food, bowls, and waterers has increased. With pet owners learning more about animal welfare and wellbeing, the animal care services market is expanding.

Animal Care Services Industry Definition and Major Segments

Animal care services are essential in order to keep animals healthy and give them a good life. These services focus on supplying animals with an adequate, balanced, diverse, and clean diet while enhancing their emotional well-being and maintaining their physical grooming. Animal care services includes veterinarian care, pet food, and their grooming.

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Based on pet type, the market is segmented into:

• Fish
• Cat
• Dog
• Others

The market on the basis of product type is divided into:

• Pet Care
o Dietary Supplements
o Oral Care
o Veterinary Diets
• Pet Food
o Wet
o Dry
• Grooming Products
o Combs and Brushes
o Shampoos and Conditioners
o Clippers and Scissors
o Others

Based on distribution channel, the market is bifurcated into:

• Online Retail Stores
• Offline Retail Stores

On the basis of region, the market is segmented into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Animal Care Services Market Trends

The growing understanding of the significance of animal care, such as oral care in preventing dental problems in animals, is one of the major market trends for animal care services. Additionally, the geriatric population is adopting more pets, which is increasing the animal care services market demand to raise the standard of living for the animals.

Companies that provide pet owners with pet insurance, pet wellness plans, and financial tools are becoming more prevalent. These companies are playing a major role in promoting pet care and effectively and economically preventing chronic conditions. A number of top market players are creating animal care products, including shampoos and conditioners, utilising natural ingredients that don’t contain alcohol, steroids, or hormones.

Additionally, the animal care services market is projected to benefit from ongoing efforts made by market participants to research preventative healthcare for pets in order to promote good health while reducing the burden on veterinarians. Various governmental organisations are collaborating with veterinary groups to create programmes that ensure the best products are available for the care of domestic animals. It is predicted that throughout the projection period, increasing per capita spending on animal healthcare and an increase in consciousness regarding animal health would fuel the growth of the animal care services market.

Key Market Players

The major players in the global animal care services market report are

• Mars, Incorporated
• Colgate-Palmolive Company
• General Mills Inc. (Blue Buffalo)
• The J.M. Smucker Company
• Nestlé S.A
• Petpals (UK) Limited
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.