Pet market growth 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. The Pet Products Market , worth USD 28. Rising Pet Ownership. 5%, while cats accounted for 24. 4 billion in 2022 and is expected to grow at a compound annual growth rate of 17. Image Credit: LADO, Shutterstock. ; 57% of UK households keep pets. 8% between 2024 and 2032, driven by growing pet adoption across the globe. S. 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 Oct 10, 2024 · The pet industry has become accustomed to steady, consistent growth at high levels throughout the range of products and services being offered. All the positive momentum spurred by the pandemic – which saw a huge increase in pet adoptions due to lifestyle changes, a remote working culture, and more time spent at home – is Dec 12, 2024 · Pet food industry growth rate in Europe 2010-2023. Jan 6, 2025 · Worldwide pet care market growth in 2017 and 2022, by region* Premium Statistic Sales of pet food worldwide 2010-2023 Sales of pet food worldwide 2010-2023. Nutrition The largest shifts, in value terms, have been in pet nutrition. The Vietnam pet food market is projected to grow at a CAGR of 5. There are 13. Pet population in the Philippines Dec 9, 2020 · After pet food and treats, vet care and product sales were responsible for the pet industry growth. Image Credit: Marinka Buronka, Shutterstock 7. ” Aug 9, 2024 · China’s pet food and supplies market has enjoyed spectacular growth. In 2023, there was an 16% increase in pet food sales 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. The market growth is projected to grow from USD 246. The India pet care products market attained a value of USD 628. 9% and 7. Apr 26, 2024 · Pet market size in Australia. 93 billion in 2025 and grow at a CAGR of 3. The Indonesia pet care market is anticipated to contribute a demand share of almost 1. By 2030, China will maintain about 10% of the global pet market. The market is anticipated to witness a CAGR of 5. 4% from 2024-2032. Pets are considered members of the family among a vast majority of pet owners. The Indonesia pet care market is estimated to reach USD 2,298. The European market is estimated to be worth USD 12. 5% in the global pet care market. Pet nutraceuticals and supplements are the fastest-growing product category. Europe Pet Market Size. This increase in the pet population directly translates to higher demand for pet food, products, and Mar 22, 2024 · 5. 5% increase from 2022. Pet Care Market Size and Growth 2025 to 2034. 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 pet industry has grown 450% over the past 25 years Globally, the pet care market has grown to $261 billion in 2022; up from $245 billion in 2021. The country will remain at about 10% of the total global market through to 2030, growing an average of 6% annually to reach $49 billion (€45B). May 27, 2020 · Local pet companies play an important role too, donating food and supplies. Apr 21, 2021 · Despite the negative effects of the pandemic on supply chains, this market witnessed steady growth. Pet food trends. If growth figures are accurate, these numbers will grow U. The Australia Pet Food Market is expected to reach USD 3. 32 billion in 2022. Pet healthcare includes veterinary services, pharmaceuticals, over-the-counter medications, behavioral therapies, calming therapies, spa treatments, vitamins, allergy treatments, and more. Nowadays, pet lovers no longer consider their furry friends as just animals, but treat them as family, friends, or even children. 5 million cats in the UK. 42 billion by 2034, growing at a CAGR of 4. 4 billion (€34. e. pet owners say the current economy has not affected their pet ownership. 43%. , more than triple of its global peers. 61 billion in 2024 and is projected to be worth around USD 230. 5 billion by 2035, registering a CAGR of 8. 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. 5%. A compound annual growth rate of 4. 04% through 2030. In this section, we reveal an in-depth analysis of the key factors influencing Pet Industry growth. 82% to reach USD 4. Mar 13, 2024 · As you’ll see from these stats, the pet industry is in a very strong position, with plenty of growth opportunities in the near future. This is almost double the country’s GDP forecast. We estimate the industry could expand at a 12. Apr 14, 2025 · The global pet care market size was valued at USD 246. 67 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5. Key trends are clearly and succinctly summarised alongside the most current research data available. 47% between 2024 and 2029. An estimated 6. 5% from 2023 to 2033. China’s pet market is projected to grow by 6. 1% compounded annual growth rate (CAGR), will catapult that figure to $350 billion by 2027. There was a 22% growth in the pet health insurance industry in 2023. 70%, to reach USD 5269. Mar 22, 2023 · The East Asian pet food market is worth $11 billion. The growth is primarily driven by the pet food segment, which alone accounts for €4. Mar 25, 2025 · U. 5 million dogs and 12. The pet products industry worldwide is expected to reach a projected revenue of US$ 120,781. 92% during the forecast period. Pet humanisation trends observed in this market have led to growth in pet care. 1% from 2022 to 2030. Mar 20, 2025 · The Canadian pet food market’s compound annual growth rate is estimated to increase by 4. 49 billion, signaling renewed momentum in key global regions. The global pet services market size was valued at USD 24. Much of this rebound was driven by a strong resurgence in Asia, […] Global pet industry PETS International | May 2021 58 Global developments and trends in the pet industry Despite significant and enduring market shifts due to the COVID-19 pandemic, the global pet industry is expected to adapt and grow at a CAGR of 6% in the coming decade. Feb 14, 2025 · Approximately 70% of the $900 million pet industry is made up of pet food with 20% consisting of accessories and pet care items. 4B). Global Pet Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. pet market has shown extraordinary resilience and sales growth in the wake of COVID-19. The global pet care market size was valued at USD 235. Longer term, through 2028, the market will see a 6% compound annual growth rate (CAGR). 52% during the forecast period. According to IBIS World, the pet industry’s market size, measured by revenue, was $3. 74 billion in 2025, growing at a CAGR of 8. Apr 18, 2024 · A slower pace of growth. The number of pet food manufacturers in China has tripled over the past 5 years. Let’s begin this list of pet statistics by taking a look at the pet industry as a whole. pet grooming services market size was estimated at USD 2. 57 Billion in 2024, is forecasted to increase to USD 30. Continued Pet Industry Growth Amid Challenges. The rising trend of pet humanization and increased consumer spending in the household and pet care categories are the major growth drivers Mar 26, 2025 · The pet industry shows continued growth and resiliency, with the total U. 4B), which accounts for nearly half of the entire Southeast Asian market. Dogs and cats are often seen as part of the family now, with more and more pet parents switching to premium products. Growth in the global pet dietary supplements market between 2020 and 2030 is likely to be at a CAGR of 7. 9 billion by 2032, for a market growth rate of 3. 37 billion in 2024 to USD 427. Colgate-Palmolive Company (Hill's Pet Nutrition Inc. . 5 billion (€1. Pet owners can buy anything from flea treatments to pet vitamins, CBD tinctures , and much more. According to recent reports, 71% of Indian respondents own pets, with more than half having two or more pets. In Singapore, the dog and cat population have increased by CAGRs of 1. 3B) in 2022. are the major companies operating in the market. The growth of pet tech products market is a result of several factors such as growing pet ownership, technological innovation and heightened pet sentimentalisation. This growth is driven by pet owners’ desire to ensure their pets receive the best possible care without financial strain. 6% is expected of the worldwide pet products industry from 2023 to 2030. 92 billion in 2025 to USD 193. Being the most extensive pet market in North America, the US pet market's growth is attributed to the increase in millennial pet owners and the shift in how pets are viewed. 4B) in 2023. Blessie Zarzuela, a pet food market expert for 15 years, believes that the market will continue to grow by 6% every year due to the increase in pet ownership. 8% per year on average between 2018 and 2023. Jan 16, 2025 · In 2022, the pet insurance industry reached a market size of $9. Even in the UK, which has been severely affected by lockdowns and social restrictions, the market is estimated to grow by 3. 3 million (€287M) in 2024 and is projected to reach $443 million (€400M) by 2029. The very low consumer awareness levels not just regarding the different products but also about the basics of pet health Understand the latest market trends and future growth opportunities for the Pet Care industry in Brazil with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation. There will still be growth but it will The global pet care market size was valued at USD 150. 7 billion) in North America. Mar 21, 2025 · China’s pet market. 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. India Pet Market. 2 billion ($22. The global pet care market size was valued at USD 304. 15 Million in 2024. The largest market both in volume and value terms is Thailand at $1. In Canada, dogs remained the most insured pets at 75. 1 billion in 2025 to USD 44. 88 billion by 2030, exhibiting a CAGR of 5. 7M) pet care sector has doubled over the past 5 years, signaling significant market potential. 4 billion in 2023 and is anticipated to grow at CAGR of 6. 24 Billion in 2025 and surpass USD 47. Feb 12, 2025 · The Philippines’ pet industry is growing rapidly, and pet ownership is rising. Jul 12, 2024 · Per the latest survey results, annual household spending on pets is predicted to reach $1,445 per animal by 2026 and $1,733 by 2030. 8B/€21. 3 billion The India Pet Market, in terms of pet products and services, has experienced an escalation in recent years and reached a value of USD 10. Pet Market Stats. pet care market size was exhibited at USD 147. The Canadian pet food market size was $3. 2. Pet Grooming Services Market Trends. Nowadays, there are unique lines of products dedicated to the wellness and well-being of pets. 45% during the forecast period. The pet market size in Europe was worth USD 6. 62 Billion by 2033, expanding at a CAGR of 5. The German pet industry is one of Europe’s largest markets, generating €7 billion in 2023, a 9. Vietnam is a very nascent market and recently opened up the consumer space. 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. Since the growing understanding of pets as members of the family, consumers are becoming more concerned on how to improve the health and wellbeing of their pets. Jan 7, 2025 · The 20 Pet Industry Statistics. The $108 million (€103. pet industry expenditures reaching $152 billion in 2024. 7% (-1. Growth Drivers in the Indonesia Pet Care Apr 7, 2025 · PET PRODUCTS MARKET OVERVIEW. Pet parents’ expenditure rose to an estimated A$33. 7% during the forecast period (2021-2026). The market is projected to grow from USD 132. 4 million in 2023. Growth in the pet healthcare industry outpaces that of human healthcare. People in the USA spent $89 billion on their pets in 2023. 70 billion by 2033 from USD 6. Pet Market Share Analysis Outlook from 2025 to 2035. 6%, reaching $114 billion (€103B) in 2025 and expand at an average annual rate of 6% through 2030, reaching $49 billion (€45B). 21% from 2023 to 2030. Feb 10, 2023 · Interestingly also, more than 4 out of 10 pet parents have a cat, followed by birds (10%). 74 billion by 2030. Other projections cite a growth of as much as 7% over the next decade. (According to the North American Pet Health Insurance Association). E-commerce pet food sales data powered by NielsenIQ Ecommerce Measurement. 1% Originally published by Pet Food Industry The U. The market is projected to surpass USD 5,883. 1% CAGR $350B 2027 $300B Aug 18, 2023 · GLOBAL PET MARKET . 8% in 2021. Apr 26, 2023 · Since 2020, the pet industry in the country has registered an annual growth rate of 22%. Seventy-seven percent of U. 5 billion in FY2024. That's over. 6% to $37. The pet market is growing at a rapid pace due to increasing humanization of pets, growing disposable incomes, and expanding demand for premium pet products and services, leading to a rise in pet ownership worldwide. 2 billion by FY2032 How Big is the Pet Industry? Global Market Size & Growth Rate Year-over-Year Worldwide Sales Pet Industry Growth by Region $261B 2022 +6. According to the 2023-2024 APPA National Pet Owners Survey, 66% of households in the United States own a pet, which equates to 86. However, challenges remain, such as a shortage of veterinarians. pet food industry made notable strides in reclaiming its position in the international market in 2024 despite experiencing setbacks in 2023. 23 billion in 2024. 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. 3% respectively from 2016 – 2020. Jan 8, 2025 · The US pet food market is expected to grow to $59. 2% during the forecast period of 2022 to 2032. 39 Million by 2034. ; The number of pets in the UK rose 9% between 2022 and 2023 May 19, 2022 · The U. Growth Drivers. North America dominated the pet care market with a market share of 33. 7% from 2025 to 2030. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. 9% CAGR to Rmb756. 3%). The rise in expenditure on pet grooming, the increasing number of pet owners in the country, and the availability of diverse service portfolios are driving Sep 1, 2023 · Narrowing it down to the Gulf countries, analysts predict that growth in the pet industry overall will remain in double digits for the remainder of the decade. 65% during the forecast period and is estimated to reach USD 16. Mordor Intelligence reports that the Malaysian pet food industry was valued at $317. Jan 13, 2025 · The 15 Pet Industry Statistics in the UK. 06 billion in 2024 and is projected to grow at a CAGR of 6. India's pet industry is on the brink of significant growth. 6B) in 2025. According to Michigan State University, the pet industry had an 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. The market research company confirms that the pet industry is performing well, but it forecasts a slight slowdown in comparison to previous years. 84% throughout the period. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 23. 81% in 2023. 75 billion by 2032, exhibiting a CAGR of 6. Singapore Pet Market Insights Although a small country, Singapore’s population of pet dogs, cats, and small mammals (hamsters, guinea pigs, and rabbits) has been growing over the years. Pet Healthcare Industry Statistics. 5% over the forecast period. 24% from 2025 to 2033. 65 billion by 2032, exhibiting a CAGR of 5. 7 billion (€3. Jul 1, 2024 · Germany’s pet industry size. 3 million by 2030. 2 million by 2033, at a CAGR of 9. The market is expected to expand from USD 20. 4 billion and is expected to grow at a compound annual growth rate of 17. 92 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9. The sharp rise in pet ownership is a key driver of India Pet Market growth. Pet food sales worldwide from 2010 to Apr 14, 2025 · The global pet food market size was valued at USD 126. Oct 25, 2024 · Today, the total Pet Care market is worth more than $83B. $157 billion in sales is projected for 2025. ), EBOS Group Limited, Mars Incorporated, Nestle (Purina) and Real Pet Food Co. 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. 9B/€8. The global pet market is worth $246 billion. 5bn over 2022-30E and expect the sector to deliver a 2023-25E EPS CAGR of 28%, i. 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. 5 billion (compared to €4 billion in 2022) with cat food making up the largest share, at €2. Food represents 51% of total spending Apr 28, 2025 · Globally, the pet insurance industry reached $9. The market grew 4. Sep 26, 2024 · Growth of the local industry. Source information: Pet Food & Treats: Source: Nielsen Scan: Nielsen IQ Scan – 52 Weeks ending 12/31/2024 for xAOC and Total Pet Retail. 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. Expert industry market research on the Pets and Pet Supplies Retailers in Australia (2015-2030). That translates into a 113% increase in total industry spending to $261 billion by 2030, compared with $122 billion in 2019. Pet market has been segmented with the help of its Product Type, Pet Type Distribution Channel, and others. 7%, reaching $2. Local pet owners are increasingly changing their habits. Annual growth rate of the pet food industry in Europe from 2010 to 2023* Premium Statistic Private labels pet food sales growth in Dec 4, 2024 · Regulations and industry standards. Surpassing $4 billion (€3. Nov 22, 2024 · The pet market in China is on course to increase by 6. 66 billion in 2023 to USD 368. That explains why the AI-powered insurer Lemonade launched its own pet insurance coverage in 2020. 9 million households. 1 But, the pet industry is experiencing significant shifts, with growth now being driven exclusively by online sales as brick-and-mortar trends have flattened. 66 billion in 2023 and is projected to grow from USD 259. Exports grew by 3. 66 billion in 2024. Aug 19, 2024 · Explore the latest pet industry trends and growth with key 2024 statistics, revealing insights into pet care's economic impact and market dynamics. yhmpqgondrjnllepwdzllktyntnnaypjwwdgvltxynvugbxdioymgwglfqiuztpmbsiltf
Pet market growth 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. The Pet Products Market , worth USD 28. Rising Pet Ownership. 5%, while cats accounted for 24. 4 billion in 2022 and is expected to grow at a compound annual growth rate of 17. Image Credit: LADO, Shutterstock. ; 57% of UK households keep pets. 8% between 2024 and 2032, driven by growing pet adoption across the globe. S. 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 Oct 10, 2024 · The pet industry has become accustomed to steady, consistent growth at high levels throughout the range of products and services being offered. All the positive momentum spurred by the pandemic – which saw a huge increase in pet adoptions due to lifestyle changes, a remote working culture, and more time spent at home – is Dec 12, 2024 · Pet food industry growth rate in Europe 2010-2023. Jan 6, 2025 · Worldwide pet care market growth in 2017 and 2022, by region* Premium Statistic Sales of pet food worldwide 2010-2023 Sales of pet food worldwide 2010-2023. Nutrition The largest shifts, in value terms, have been in pet nutrition. The Vietnam pet food market is projected to grow at a CAGR of 5. There are 13. Pet population in the Philippines Dec 9, 2020 · After pet food and treats, vet care and product sales were responsible for the pet industry growth. Image Credit: Marinka Buronka, Shutterstock 7. ” Aug 9, 2024 · China’s pet food and supplies market has enjoyed spectacular growth. In 2023, there was an 16% increase in pet food sales 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. The market growth is projected to grow from USD 246. The India pet care products market attained a value of USD 628. 9% and 7. Apr 26, 2024 · Pet market size in Australia. 93 billion in 2025 and grow at a CAGR of 3. The Indonesia pet care market is anticipated to contribute a demand share of almost 1. By 2030, China will maintain about 10% of the global pet market. The market is anticipated to witness a CAGR of 5. 4% from 2024-2032. Pets are considered members of the family among a vast majority of pet owners. The Indonesia pet care market is estimated to reach USD 2,298. The European market is estimated to be worth USD 12. 5% in the global pet care market. Pet nutraceuticals and supplements are the fastest-growing product category. Europe Pet Market Size. This increase in the pet population directly translates to higher demand for pet food, products, and Mar 22, 2024 · 5. 5% increase from 2022. Pet Care Market Size and Growth 2025 to 2034. 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 pet industry has grown 450% over the past 25 years Globally, the pet care market has grown to $261 billion in 2022; up from $245 billion in 2021. The country will remain at about 10% of the total global market through to 2030, growing an average of 6% annually to reach $49 billion (€45B). May 27, 2020 · Local pet companies play an important role too, donating food and supplies. Apr 21, 2021 · Despite the negative effects of the pandemic on supply chains, this market witnessed steady growth. Pet food trends. If growth figures are accurate, these numbers will grow U. The Australia Pet Food Market is expected to reach USD 3. 32 billion in 2022. Pet healthcare includes veterinary services, pharmaceuticals, over-the-counter medications, behavioral therapies, calming therapies, spa treatments, vitamins, allergy treatments, and more. Nowadays, pet lovers no longer consider their furry friends as just animals, but treat them as family, friends, or even children. 5 million cats in the UK. 42 billion by 2034, growing at a CAGR of 4. 4 billion (€34. e. pet owners say the current economy has not affected their pet ownership. 43%. , more than triple of its global peers. 61 billion in 2024 and is projected to be worth around USD 230. 5 billion by 2035, registering a CAGR of 8. 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. 5%. A compound annual growth rate of 4. 04% through 2030. In this section, we reveal an in-depth analysis of the key factors influencing Pet Industry growth. 82% to reach USD 4. Mar 13, 2024 · As you’ll see from these stats, the pet industry is in a very strong position, with plenty of growth opportunities in the near future. This is almost double the country’s GDP forecast. We estimate the industry could expand at a 12. Apr 14, 2025 · The global pet care market size was valued at USD 246. 67 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5. Key trends are clearly and succinctly summarised alongside the most current research data available. 47% between 2024 and 2029. An estimated 6. 5% from 2023 to 2033. China’s pet market is projected to grow by 6. 1% compounded annual growth rate (CAGR), will catapult that figure to $350 billion by 2027. There was a 22% growth in the pet health insurance industry in 2023. 70%, to reach USD 5269. Mar 22, 2023 · The East Asian pet food market is worth $11 billion. The growth is primarily driven by the pet food segment, which alone accounts for €4. Mar 25, 2025 · U. 5 million dogs and 12. The pet products industry worldwide is expected to reach a projected revenue of US$ 120,781. 92% during the forecast period. Pet humanisation trends observed in this market have led to growth in pet care. 1% from 2022 to 2030. Mar 20, 2025 · The Canadian pet food market’s compound annual growth rate is estimated to increase by 4. 49 billion, signaling renewed momentum in key global regions. The global pet services market size was valued at USD 24. Much of this rebound was driven by a strong resurgence in Asia, […] Global pet industry PETS International | May 2021 58 Global developments and trends in the pet industry Despite significant and enduring market shifts due to the COVID-19 pandemic, the global pet industry is expected to adapt and grow at a CAGR of 6% in the coming decade. Feb 14, 2025 · Approximately 70% of the $900 million pet industry is made up of pet food with 20% consisting of accessories and pet care items. 4B). Global Pet Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. pet market has shown extraordinary resilience and sales growth in the wake of COVID-19. The global pet care market size was valued at USD 235. Longer term, through 2028, the market will see a 6% compound annual growth rate (CAGR). 52% during the forecast period. According to IBIS World, the pet industry’s market size, measured by revenue, was $3. 74 billion in 2025, growing at a CAGR of 8. Apr 18, 2024 · A slower pace of growth. The number of pet food manufacturers in China has tripled over the past 5 years. Let’s begin this list of pet statistics by taking a look at the pet industry as a whole. pet grooming services market size was estimated at USD 2. 57 Billion in 2024, is forecasted to increase to USD 30. Continued Pet Industry Growth Amid Challenges. The rising trend of pet humanization and increased consumer spending in the household and pet care categories are the major growth drivers Mar 26, 2025 · The pet industry shows continued growth and resiliency, with the total U. 4B), which accounts for nearly half of the entire Southeast Asian market. Dogs and cats are often seen as part of the family now, with more and more pet parents switching to premium products. Growth in the global pet dietary supplements market between 2020 and 2030 is likely to be at a CAGR of 7. 9 billion by 2032, for a market growth rate of 3. 37 billion in 2024 to USD 427. Colgate-Palmolive Company (Hill's Pet Nutrition Inc. . 5 billion (€1. Pet owners can buy anything from flea treatments to pet vitamins, CBD tinctures , and much more. According to recent reports, 71% of Indian respondents own pets, with more than half having two or more pets. In Singapore, the dog and cat population have increased by CAGRs of 1. 3B) in 2022. are the major companies operating in the market. The growth of pet tech products market is a result of several factors such as growing pet ownership, technological innovation and heightened pet sentimentalisation. This growth is driven by pet owners’ desire to ensure their pets receive the best possible care without financial strain. 6% is expected of the worldwide pet products industry from 2023 to 2030. 92 billion in 2025 to USD 193. Being the most extensive pet market in North America, the US pet market's growth is attributed to the increase in millennial pet owners and the shift in how pets are viewed. 4B) in 2023. Blessie Zarzuela, a pet food market expert for 15 years, believes that the market will continue to grow by 6% every year due to the increase in pet ownership. 8% per year on average between 2018 and 2023. Jan 16, 2025 · In 2022, the pet insurance industry reached a market size of $9. Even in the UK, which has been severely affected by lockdowns and social restrictions, the market is estimated to grow by 3. 3 million (€287M) in 2024 and is projected to reach $443 million (€400M) by 2029. The very low consumer awareness levels not just regarding the different products but also about the basics of pet health Understand the latest market trends and future growth opportunities for the Pet Care industry in Brazil with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation. There will still be growth but it will The global pet care market size was valued at USD 150. 7 billion) in North America. Mar 21, 2025 · China’s pet market. 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. India Pet Market. 2 billion ($22. The global pet care market size was valued at USD 304. 15 Million in 2024. The largest market both in volume and value terms is Thailand at $1. In Canada, dogs remained the most insured pets at 75. 1 billion in 2025 to USD 44. 88 billion by 2030, exhibiting a CAGR of 5. 7M) pet care sector has doubled over the past 5 years, signaling significant market potential. 4 billion in 2023 and is anticipated to grow at CAGR of 6. 24 Billion in 2025 and surpass USD 47. Feb 12, 2025 · The Philippines’ pet industry is growing rapidly, and pet ownership is rising. Jul 12, 2024 · Per the latest survey results, annual household spending on pets is predicted to reach $1,445 per animal by 2026 and $1,733 by 2030. 8B/€21. 3 billion The India Pet Market, in terms of pet products and services, has experienced an escalation in recent years and reached a value of USD 10. Pet Market Stats. pet care market size was exhibited at USD 147. The Canadian pet food market size was $3. 2. Pet Grooming Services Market Trends. Nowadays, there are unique lines of products dedicated to the wellness and well-being of pets. 45% during the forecast period. The pet market size in Europe was worth USD 6. 62 Billion by 2033, expanding at a CAGR of 5. The German pet industry is one of Europe’s largest markets, generating €7 billion in 2023, a 9. Vietnam is a very nascent market and recently opened up the consumer space. 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. Since the growing understanding of pets as members of the family, consumers are becoming more concerned on how to improve the health and wellbeing of their pets. Jan 7, 2025 · The 20 Pet Industry Statistics. The $108 million (€103. pet industry expenditures reaching $152 billion in 2024. 7% (-1. Growth Drivers in the Indonesia Pet Care Apr 7, 2025 · PET PRODUCTS MARKET OVERVIEW. Pet parents’ expenditure rose to an estimated A$33. 7% during the forecast period (2021-2026). The market is projected to grow from USD 132. 4 million in 2023. Growth in the pet healthcare industry outpaces that of human healthcare. People in the USA spent $89 billion on their pets in 2023. 70 billion by 2033 from USD 6. Pet Market Share Analysis Outlook from 2025 to 2035. 6%, reaching $114 billion (€103B) in 2025 and expand at an average annual rate of 6% through 2030, reaching $49 billion (€45B). 21% from 2023 to 2030. Feb 10, 2023 · Interestingly also, more than 4 out of 10 pet parents have a cat, followed by birds (10%). 74 billion by 2030. Other projections cite a growth of as much as 7% over the next decade. (According to the North American Pet Health Insurance Association). E-commerce pet food sales data powered by NielsenIQ Ecommerce Measurement. 1% Originally published by Pet Food Industry The U. The market is projected to surpass USD 5,883. 1% CAGR $350B 2027 $300B Aug 18, 2023 · GLOBAL PET MARKET . 8% in 2021. Apr 26, 2023 · Since 2020, the pet industry in the country has registered an annual growth rate of 22%. Seventy-seven percent of U. 5 billion in FY2024. That's over. 6% to $37. The pet market is growing at a rapid pace due to increasing humanization of pets, growing disposable incomes, and expanding demand for premium pet products and services, leading to a rise in pet ownership worldwide. 2 billion by FY2032 How Big is the Pet Industry? Global Market Size & Growth Rate Year-over-Year Worldwide Sales Pet Industry Growth by Region $261B 2022 +6. According to the 2023-2024 APPA National Pet Owners Survey, 66% of households in the United States own a pet, which equates to 86. However, challenges remain, such as a shortage of veterinarians. pet food industry made notable strides in reclaiming its position in the international market in 2024 despite experiencing setbacks in 2023. 23 billion in 2024. 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. 3% respectively from 2016 – 2020. Jan 8, 2025 · The US pet food market is expected to grow to $59. 2% during the forecast period of 2022 to 2032. 39 Million by 2034. ; The number of pets in the UK rose 9% between 2022 and 2023 May 19, 2022 · The U. Growth Drivers. North America dominated the pet care market with a market share of 33. 7% from 2025 to 2030. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. 9% CAGR to Rmb756. 3%). The rise in expenditure on pet grooming, the increasing number of pet owners in the country, and the availability of diverse service portfolios are driving Sep 1, 2023 · Narrowing it down to the Gulf countries, analysts predict that growth in the pet industry overall will remain in double digits for the remainder of the decade. 65% during the forecast period and is estimated to reach USD 16. Mordor Intelligence reports that the Malaysian pet food industry was valued at $317. Jan 13, 2025 · The 15 Pet Industry Statistics in the UK. 06 billion in 2024 and is projected to grow at a CAGR of 6. India's pet industry is on the brink of significant growth. 6B) in 2025. According to Michigan State University, the pet industry had an 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. The market research company confirms that the pet industry is performing well, but it forecasts a slight slowdown in comparison to previous years. 84% throughout the period. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 23. 81% in 2023. 75 billion by 2032, exhibiting a CAGR of 6. Singapore Pet Market Insights Although a small country, Singapore’s population of pet dogs, cats, and small mammals (hamsters, guinea pigs, and rabbits) has been growing over the years. Pet Healthcare Industry Statistics. 5% over the forecast period. 24% from 2025 to 2033. 65 billion by 2032, exhibiting a CAGR of 5. 7 billion (€3. Jul 1, 2024 · Germany’s pet industry size. 3 million by 2030. 2 million by 2033, at a CAGR of 9. The market is expected to expand from USD 20. 4 billion and is expected to grow at a compound annual growth rate of 17. 92 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9. The sharp rise in pet ownership is a key driver of India Pet Market growth. Pet food sales worldwide from 2010 to Apr 14, 2025 · The global pet food market size was valued at USD 126. Oct 25, 2024 · Today, the total Pet Care market is worth more than $83B. $157 billion in sales is projected for 2025. ), EBOS Group Limited, Mars Incorporated, Nestle (Purina) and Real Pet Food Co. 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. 9B/€8. The global pet market is worth $246 billion. 5bn over 2022-30E and expect the sector to deliver a 2023-25E EPS CAGR of 28%, i. 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. 5 billion (compared to €4 billion in 2022) with cat food making up the largest share, at €2. Food represents 51% of total spending Apr 28, 2025 · Globally, the pet insurance industry reached $9. The market grew 4. Sep 26, 2024 · Growth of the local industry. Source information: Pet Food & Treats: Source: Nielsen Scan: Nielsen IQ Scan – 52 Weeks ending 12/31/2024 for xAOC and Total Pet Retail. 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. Expert industry market research on the Pets and Pet Supplies Retailers in Australia (2015-2030). That translates into a 113% increase in total industry spending to $261 billion by 2030, compared with $122 billion in 2019. Pet market has been segmented with the help of its Product Type, Pet Type Distribution Channel, and others. 7%, reaching $2. Local pet owners are increasingly changing their habits. Annual growth rate of the pet food industry in Europe from 2010 to 2023* Premium Statistic Private labels pet food sales growth in Dec 4, 2024 · Regulations and industry standards. Surpassing $4 billion (€3. Nov 22, 2024 · The pet market in China is on course to increase by 6. 66 billion in 2023 to USD 368. That explains why the AI-powered insurer Lemonade launched its own pet insurance coverage in 2020. 9 million households. 1 But, the pet industry is experiencing significant shifts, with growth now being driven exclusively by online sales as brick-and-mortar trends have flattened. 66 billion in 2023 and is projected to grow from USD 259. Exports grew by 3. 66 billion in 2024. Aug 19, 2024 · Explore the latest pet industry trends and growth with key 2024 statistics, revealing insights into pet care's economic impact and market dynamics. yhmp qgon drjn llep wdzll ktyntnna ypjw wdg vltxynvug bxdio ymgw glf qiuzt pmbs iltf