MarketStudyReport.com Adds New Pet Care Market 2019 – 2025 research report providing information and data By Type, By Animal, By Distribution Channel, Industry Analysis, Regional Outlook, Application Potential, Trends, Competitive Market Share & Forecast spreading across 247 Pages with table and figures in it.
Selbyville, Delaware - July 10, 2019 /MarketersMedia/ —
UK dominated the Europe pet care market and was valued at USD 4,937.1 million in the year 2018. As per the recent statistics, around 49% of UK adults own a pet with total of 11 million cats and 8.9 million dogs. Increase in number of pet adoption across the region along with presence of favorable pet insurance facilities in the country will augment the pet care market growth over the upcoming years.
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Dietary protein is crucial for pets to sustain daily life functions. Once protein is converted into amino acids by the digestive system, it is absorbed into the bloodstream. Proteins have numerous functions, such as repairing tissues, building muscle, creating hormones and enzymes, supporting immune function and transporting iron and oxygen in the blood. Proteins are also a source of energy and a major component of cartilage and ligaments. Hence, it is very crucial for the pet animals to gain sufficient amount of proteins in their diet. Hence, growing demand for protein in animal food will boost the business growth in the near future.
Pet Care Market will exceed USD 269.9 billion by 2025. Zoonotic diseases possess substantial threat to humans as they are transferred from animals to humans. These diseases are spread through direct contact with the infected animal. The effects of zoonotic disease differ from mild symptoms to lethal circumstances leading to death. In most of the cases, bacteria such as salmonella contaminate animal feed that result into human infection through contact. Hence, growing disease prevalence in pets will augment the veterinary care and products, fueling the market growth.
Distribution of pet care products via stores was valued at USD 130,216.3 million in the year 2018. Increasing pet care spending will be the major impact rendering factor for growth of pet stores in major markets around the globe. Additionally, high demand for premium, generic and natural pet food and other diet-related products will further boost growth of pet stores in the future.
Pet care market for fishes is estimated to grow at 4.7% over the projection period. Fishes are gaining more importance as companion animals across the pet market globally. As per a study conducted by the Pet Food Manufacturers Association (PFMA), fish accounts for the third largest species adopted as pets in UK. Major reason for growing demand of fishes as pets is low maintenance. Increase in pet adoption of fish across the globe will result in augmenting the business growth in the near future.
Pet care services market held significant market share and was valued at USD 55,763.9 million in the year 2018. Rise in pet services market is attributed to increasing disposable income of middle-class as well as upper-class group. People have started considering pets as an irreplaceable member of their families; thus, they tend to invest more on pet care services in order to pamper and protect their pets. Hence, rising per capita income coupled with increasing pet adoption rate will augment segmental growth.
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Industry players having a strong foothold in the global market include Nestle S.A., Mars, Colgate-Palmolive Company, PetSmart Inc. and Petco Animal Supplies. To expand their market presence, several established firms are entering in high potential regions. Introduction of new products in emerging nations by these companies will enable them to cater to unmet needs and expand revenue sources.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Pet Care Industry Insights
Chapter 4. Pet Care Market, By Type
Chapter 5 Pet Care Market, By Animal
Chapter 6 Pet Care Market, By Distribution Channel
Chapter 7. Pet Care Market, By Region
Chapter 8. Company Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/pet-care-market
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Global Mobile Pet Care Market Size, Status and Forecast 2019-2025
This report focuses on the global Mobile Pet Care status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Mobile Pet Care development in United States, Europe and China. This industry comprises establishments primarily engaged in grooming and boarding pet animals. Mobile pet care is more convenient and efficient for the client.
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Source URL: https://marketersmedia.com/pet-care-market-2019-2025-share-forecasts-regional-trends-growth-drivers/88894829
Source: MarketersMedia
Release ID: 88894829
