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Providing a wealth of standardised and cross-comparable statistics Passport Pet Care supports critical decision making with data and analysis at the country regional and global level.
Pet care industry growth. The pet care industry continues with its positive growth trend as the world pet population continues to expand and the pet humanisation trend deepens. There are over 300 million pets in America and with the increased number of pets this also comes with an increase in demand for products and services. The pet care market is expected to register a CAGR of 74 during the forecast period 2021-2026.
According to The American Pet Products Association almost 85 million households have. Technological advancements coupled with rising pet adoption are primary growth drivers for this market. Download Reports from 10000 trusted sources with ReportLinker.
In May 2019 there were 16 530 animal trainers employed with a mean annual wage of 36240. The global pet care e-commerce market size was valued at USD 2075 billion in 2019 and is expected to grow at a compound annual growth rate CAGR of 113 from 2020 to 2027. Forecast predicts the global pet care market will reach 35862 billion by 2027.
Our Passport Pet Care database helps redirect assumptions and uncover new opportunities with global insights on category trends in 54 countries worldwide. Animal breeders numbered 2160 in May 2018 and they had an annual wage of 43080. The Pet Care Industry continues to grow every year simply because more and more households are beginning to open up their homes to more buddies.
Ad Unlimited access to Pet Care Market Reports on 180 countries. The publisher has been monitoring the pet care market and it is poised to grow by 4894 billion during 2021-2025 progressing. Globally the pet care market has grown from 216 billion in 2020 to 232 billion in 2021.
The pet industry has been experiencing explosive growth. Ad Unlimited access to Pet Care Market Reports on 180 countries. An estimated 61 compounded annual growth rate CAGR will catapult that figure to 350 billion by 2027.
The popularity of pet fashion among pet owners have a positive impact on the market and is expected to contribute a significant growth during the forecast period. Globe Newswire Pet industry statistics from 2020 predict a compound annual growth rate of 6. GPS pet collars pet cameras smart feeders and other smart gadgets that make pet owners lives easier.
And what challenges do pet brands face. It has a sustained average annual growth of 54 since 2002. Data via Global Market Insights 2021.
Although the year 2020 was not found to be very promising for all the industries in the case of the pet care market it was a boon as due to repeated lockdowns people stayed mostly at home and took good care of their pets. On the global level dog and cat treats continue to be the best performing subcategories of pet care with cat treats even experiencing yearly double-digit growth over the past five years. The pet care industry is booming as people around the world especially millennials blur the line between human child and animal.
Dense urbanisation trends and small living spaces will change the types of pets that people own and the way they care for them. Ad Get High Quality Pet Goods at Geat Prices. The revenue of the pet industry increased by over 4 between 2015 and 2016.
The growth is attributed to smart technologies. The pet care market size was valued at over USD 2323 billion in 2020 and is projected to expand at 61 CAGR from 2021 to 2027 driven by technological advancements that are making grooming training facilities and boarding accessible to the. In 2018 pet care was a.
Emerging markets are poised for dramatic growth in pet care.
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