Global Pet Health Care Market

The global pet health care market is anticipated to expand at a robust CAGR during the forecast period, between 2021 and 2028. The majority of pet owners consider their pets to be members of their family. Pet care refers to the care of pets and is the foundation of proper pet keeping. The growing awareness of animal welfare and well-being has resulted in an increase in the popularity of pet care products. Animal care items are classified into several categories, including food, cleanliness, toys, and others. In addition to pampering choices like pet spas and resorts. It is a lifetime commitment to a pet whose health and well-being are dependent on the pet parent.

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Market Trends, Drivers, Restraints, and Opportunities

• Growing number of pet care owners, rising veterinarian health awareness, and changing demographic trends are estimated to drive the market.
• Vegan animal food items are anticipated to be driven by altering animal owner tendencies toward providing plant-based and nutritious food items to their pets.
• The approval of new products connected to the treatment of animal illnesses drives the market.
• Many mobile pet care service companies, such as mobile dog wash and pooch mobile, are estimated to provide immense opportunities for the market players.

Scope of the report:

The report on pet health care market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Pet Care Market Segment Insights

The nutritional food segment is projected to hold significant market share

Based on product types, the pet health care market is segregated into pet food, pet care, and services. The pet food segment is bifurcated into medicated and nutritional. The pet care products segment is further divided as veterinary care products and supplies/OTC medications. The veterinary care products segment is further categorized as therapeutics and diagnostics. The therapeutics segment is further segmented into medical feed additives, anti-infectives, vaccines, parasiticides, and others. The diagnostics segment is classified as diagnostic imaging, immunodiagnostic tests, clinical chemistry, molecular diagnostics, and others. The services segment is fragmented into live animal purchase, boarding, and pet grooming. The pet grooming segment is categorized as clippers & scissors, shampoos & conditioners, combs & brushes, trimmers, and others. The nutritional food segment is projected to hold significant market share. Vegan animal food items are anticipated to be driven by altering animal owner tendencies toward providing plant-based and nutritious food items to their pets. Exotic protein sources such as rabbit, duck, and wild boar will gain appeal due to their nutritional benefits and novelty.

The dog segment is anticipated to account for a substantial share

Based on animal types, the market is segmented into horses, dogs, swine, cats, poultry, birds, ruminants, and others. The dog segment is anticipated to account for a substantial share, owing to a variety of variables such as an increasing number of nuclear families, increased urbanization, and shifting attitudes toward pets. Furthermore, residents can deter robberies in their homes by keeping a well-trained canine companion with them. This is anticipated to increase the rate of humanization of dogs among households.

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The online retail stores segment is projected to expand at a robust pace during the forecast period

In terms of distribution channels, the pet health care market is bifurcated into online retail stores and offline retail stores. The online retail stores segment is further divided into company-owned portals and e-commerce portals. The offline retail stores are classified as specialty stores, large format stores, and others (small stores). The online retail stores segment is projected to expand at a robust pace during the forecast period. The growing popularity of online subscription-based services connected to animal food items among pet owners is ascribed to the rapid growth of an online segment. Companies can now easily track the sales success of several categories of pet products from their e-commerce stores.

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Segments

By Product Types

• Pet Food
  • Medicated
  • Nutritional
• Pet Care Products
  • Veterinary Care Products
    • • Therapeutics
        • Medical Feed Additives
        • Anti-infectives
        • Vaccines
        • Parasiticides
        • Others
      • Diagnostics
        • Diagnostic Imaging
        • Immunodiagnostic Tests
        • Clinical Chemistry
        • Molecular Diagnostics
        • Others
  • Supplies/OTC Medications
• Services
  • Live Animal Purchase
  • Boarding
  • Pet Grooming
    • Clippers & Scissors
    • Shampoos & Conditioners
    • Combs & Brushes
    • Trimmers
    • Others

By Animal Types

• Horses
• Dogs
• Swine
• Cats
• Poultry
• Birds
• Ruminants
• Others

Distribution Channel

• Online Retail Sores
  • Company Owned Portal
  • E-commerce Portal
• Offline Retail Stores
  • Specialty Stores
  • Large Format Stores
  • Others (Small Stores)

By Regions

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

By Key Players

• Mars Incorporated
• Nestle S.A.
• Spectrum Brands Inc.
• Diana Group
• The J.M. Smucker Company
• Unicharm Corporation
• Hill’s Pet Nutrition, Inc.
• Heristo AG

Competitive Landscape

Key players in pet health care market include Mars Incorporated; Nestle S.A.; Spectrum Brands Inc.; Diana Group; The J.M. Smucker Company; Unicharm Corporation; Hill’s Pet Nutrition, Inc.; Heristo AG. These players have widely engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.