Pet Market Report 2023

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GLOBAL PET MARKET REPORT 2023
Global,Regional,CountryAnalysis
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INTRODUCTION
The pet market, encompassing pet care and pet
products, is a rapidly expanding industry driven
by the strong bond between humans and their pets.
It includes a broad range of products and
services, from pet food and pet grooming to
veterinary care and pet technology. The market is
characterized by an increasing emphasis on pet
health, premium, and specialized pet products,
and the growing influence of e-commerce and
digital platforms in pet-related activities.
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KEY INSIGHTS
MARKET SIZE USD 18.5 billion
2023
CAGR 8.50
2023- 2030
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REVENUE MARKET SHARE BY SEGMENTS 2022

• Pet Food Products
• Veterinary Care

Product Type

• Dog
• Cat

Application

• Online
• Offline

Distribution Channel
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Global Pet Market Revenue share for 2022
North America
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Initiatives for Advanced Pet Care Products to
Propel Market Growth
Drivers
Rising Cost of Pet Ownership to Hinder Market
Growth
Restraints
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AUTHOR'S PERSPECTIVE

• The Global Pet Market is witnessing significant
  growth in the near future.
• The veterinary care segment is the second-most
  popular product type due to heightened awareness
  and increased emphasis on pet health and
  wellness, with more pet owners seeking preventive
  and specialized healthcare services for their
  animals.
• The Dog segment is expected to expand at the
  significant CAGR retaining position throughout
  the forecast period.
• They come in a broad variety of breeds and sizes,
  making them suitable for various lifestyles and
  living environments, which broadens their appeal
  to a diverse group of pet owners.
• Customers can physically interact with pets,
  evaluate their health and behavior, and receive
  personalized advice from in-store experts.

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KEY PLAYERS
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