The increasing adoption of smart washing machines and automated detergent dispensers is transforming the way consumers approach fabric care.
Consumer Goods & Services
Humans in search of companionship have found love in pets, and taking care of them has become their utmost priority.
The modern pet owners are very much attracted to the pet-loving lifestyle, which is far greater than in the elders. Pets influence social and intellectual improvement in kids, advances a dynamic way of life, and has even possessed the capacity to recognize the presence of specific diseases. The pet care industry has grown dynamically over the years due to the change in people’s behavior regarding pets; and a large numbers of pet owners at present are youth. Nowadays consumers are very much intended to provide their pets with foods containing healthy ingredients provide them with better health care facilities, enable them with new aged accessories, and ensure better grooming facilities for the pets. The changes observed in the pet owners are due to the technology and advent in online purchasing. This has helped the consumers to adopt a wide range of innovative pet products available in the online market space. The hectic and tiresome lifestyle developed due to modernization has made most urban people time-handicapped, leading to an increased preference for commercially packaged pet foods. Pet health care, pet accessories, and pet grooming products then follow this segment.
According to the report, ‘Global Pet Care Market Outlook, 2029’, published by Bonafide Research, the market was valued at USD 166 Billion in 2023, which is anticipated to reach around USD 238 Billion during the forecast period, registering a CAGR of 6.38% from 2024-2029. This increasing adaption of pet and pet care products has intensified the competition among the key players. Globally, some famous players hold the majority of shares in the pet care market like Mars Inc., Nestle, Colgate-Palmolive, J M Smucker, Blue Buffalo, etc. The trend of owning a small pet is increasing globally. In many countries, young couples are started adopting a pet rather than going for a child. This trend can be seen in single staying people also, because they choose to have a pet as a companion to fend off loneliness. In most countries, due to increasing urbanization and rise in smaller size individual houses and apartments, the trend of owning small pets has increased. Especially among apartment staying people, the attraction towards adopting small size pets is increased significantly, as these small pets take up less space and require less attention whether the owner is at home or not. Modern pet owners are very much attracted to the technologies as it helps in making all the facilities available for their pets. Mobile technologies have brought a lot of advancement in letting the pet care market boom in the last couple of years. It was seen that the pet food products were the first pet care services to be benefitted with this advancement of technology.
North America holds the largest share in the global pet care market, driven by high pet ownership rates, premiumization trends, and increasing consumer spending on pet well-being. The United States and Canada dominate the region, with a growing number of households considering pets as family members, leading to increased expenditures on pet food, grooming, healthcare, and accessories. The rise of pet humanization has led to a surge in demand for organic, natural, and high-nutrition pet food, as pet owners are increasingly concerned about their pets’ diet and overall health. The region also leads in technological innovations within pet care, including smart pet products, wearable health trackers, and automated feeders, making pet ownership more convenient. The expansion of e-commerce platforms such as Amazon, Chewy, and PetSmart has further boosted sales, offering pet owners convenient access to premium pet products and subscription-based services. Additionally, veterinary healthcare advancements and increased spending on pet insurance have strengthened the market, ensuring better access to preventative care, diagnostics, and specialized treatments. With a robust pet-loving culture, premium pet product demand, and continuous industry innovation, North America remains the undisputed leader in the global pet care market and is expected to maintain its dominance in the coming years.
The global pet care market is witnessing substantial growth, with pet food being the largest and most essential segment. Pet food demand is driven by premiumization, increasing awareness of pet nutrition, and a shift toward organic and natural ingredients. Owners are increasingly opting for functional foods with added health benefits, such as digestive and immune system support. Pet healthcare is another crucial segment, experiencing growth due to increased pet insurance adoption, advanced veterinary services, and rising cases of pet obesity and chronic diseases. Preventative healthcare, including vaccinations, deworming, and specialized treatments, is becoming a priority for pet owners. The pet accessories market is expanding due to rising demand for pet toys, bedding, carriers, and clothing. The humanization of pets has led to luxury accessories becoming popular, particularly in North America and Europe. Smart pet accessories, such as GPS trackers and automatic feeders, are also gaining traction. Pet grooming is growing significantly as pet owners seek professional grooming services, hygiene products, and premium shampoos, conditioners, and skin care items. The rise of mobile pet grooming services and self-care kits is further driving this segment, as convenience and pet well-being remain top priorities worldwide.
Dog food dominates the global pet food market, driven by the high global dog ownership rate. Dogs require specialized nutrition, and many owners opt for high-protein diets, grain-free options, and raw food formulations to ensure their pet's health. Premium brands offer customized diets based on breed, size, and age, further fueling the segment’s growth. Cat food is another significant segment, with rising demand for wet and grain-free cat food due to the increasing number of cat owners worldwide. Cats are obligate carnivores, so high-protein, meat-based diets are prioritized. Innovations such as freeze-dried raw food and probiotic-infused kibble are gaining popularity. Fish food is a niche yet steadily growing market, with demand for nutritionally balanced pellets, flakes, and freeze-dried food. Ornamental fish-keeping is a popular hobby, especially in Asia-Pacific, boosting sales of specialized fish food. Bird food includes seed mixes, pellets, and nutrient-fortified formulations, catering to both wild and domesticated birds. The rise in pet bird adoption is driving this segment. Other pet food categories include food for rabbits, hamsters, and reptiles, as exotic pet ownership gains traction worldwide.
Dry pet food, or kibble, is the most widely consumed type due to its convenience, affordability, and long shelf life. It is preferred by dog and cat owners, as it promotes dental health and is easy to store and serve. Many brands offer grain-free and protein-rich kibble options tailored to different breeds and life stages. Wet or canned pet food is popular due to its high moisture content, which helps with hydration and digestion. It is often recommended for older pets, pets with dental issues, or those with specific dietary needs. The segment is growing as consumers seek high-quality, preservative-free options with real meat and vegetables. Snacks and treats are gaining popularity as training aids, dental care products, and supplements. Functional treats enriched with omega-3, probiotics, and joint-supporting ingredients are increasingly sought after. The growing trend of pet humanization has led to the demand for organic, grain-free, and customized treats. Other food types include raw and freeze-dried pet food, which is gaining traction among pet owners looking for biologically appropriate diets. With rising disposable incomes and increased awareness of pet nutrition, global pet food trends continue shifting toward premium, natural, and functional products.
According to the report, ‘Global Pet Care Market Outlook, 2029’, published by Bonafide Research, the market was valued at USD 166 Billion in 2023, which is anticipated to reach around USD 238 Billion during the forecast period, registering a CAGR of 6.38% from 2024-2029. This increasing adaption of pet and pet care products has intensified the competition among the key players. Globally, some famous players hold the majority of shares in the pet care market like Mars Inc., Nestle, Colgate-Palmolive, J M Smucker, Blue Buffalo, etc. The trend of owning a small pet is increasing globally. In many countries, young couples are started adopting a pet rather than going for a child. This trend can be seen in single staying people also, because they choose to have a pet as a companion to fend off loneliness. In most countries, due to increasing urbanization and rise in smaller size individual houses and apartments, the trend of owning small pets has increased. Especially among apartment staying people, the attraction towards adopting small size pets is increased significantly, as these small pets take up less space and require less attention whether the owner is at home or not. Modern pet owners are very much attracted to the technologies as it helps in making all the facilities available for their pets. Mobile technologies have brought a lot of advancement in letting the pet care market boom in the last couple of years. It was seen that the pet food products were the first pet care services to be benefitted with this advancement of technology.
North America holds the largest share in the global pet care market, driven by high pet ownership rates, premiumization trends, and increasing consumer spending on pet well-being. The United States and Canada dominate the region, with a growing number of households considering pets as family members, leading to increased expenditures on pet food, grooming, healthcare, and accessories. The rise of pet humanization has led to a surge in demand for organic, natural, and high-nutrition pet food, as pet owners are increasingly concerned about their pets’ diet and overall health. The region also leads in technological innovations within pet care, including smart pet products, wearable health trackers, and automated feeders, making pet ownership more convenient. The expansion of e-commerce platforms such as Amazon, Chewy, and PetSmart has further boosted sales, offering pet owners convenient access to premium pet products and subscription-based services. Additionally, veterinary healthcare advancements and increased spending on pet insurance have strengthened the market, ensuring better access to preventative care, diagnostics, and specialized treatments. With a robust pet-loving culture, premium pet product demand, and continuous industry innovation, North America remains the undisputed leader in the global pet care market and is expected to maintain its dominance in the coming years.
The global pet care market is witnessing substantial growth, with pet food being the largest and most essential segment. Pet food demand is driven by premiumization, increasing awareness of pet nutrition, and a shift toward organic and natural ingredients. Owners are increasingly opting for functional foods with added health benefits, such as digestive and immune system support. Pet healthcare is another crucial segment, experiencing growth due to increased pet insurance adoption, advanced veterinary services, and rising cases of pet obesity and chronic diseases. Preventative healthcare, including vaccinations, deworming, and specialized treatments, is becoming a priority for pet owners. The pet accessories market is expanding due to rising demand for pet toys, bedding, carriers, and clothing. The humanization of pets has led to luxury accessories becoming popular, particularly in North America and Europe. Smart pet accessories, such as GPS trackers and automatic feeders, are also gaining traction. Pet grooming is growing significantly as pet owners seek professional grooming services, hygiene products, and premium shampoos, conditioners, and skin care items. The rise of mobile pet grooming services and self-care kits is further driving this segment, as convenience and pet well-being remain top priorities worldwide.
Dog food dominates the global pet food market, driven by the high global dog ownership rate. Dogs require specialized nutrition, and many owners opt for high-protein diets, grain-free options, and raw food formulations to ensure their pet's health. Premium brands offer customized diets based on breed, size, and age, further fueling the segment’s growth. Cat food is another significant segment, with rising demand for wet and grain-free cat food due to the increasing number of cat owners worldwide. Cats are obligate carnivores, so high-protein, meat-based diets are prioritized. Innovations such as freeze-dried raw food and probiotic-infused kibble are gaining popularity. Fish food is a niche yet steadily growing market, with demand for nutritionally balanced pellets, flakes, and freeze-dried food. Ornamental fish-keeping is a popular hobby, especially in Asia-Pacific, boosting sales of specialized fish food. Bird food includes seed mixes, pellets, and nutrient-fortified formulations, catering to both wild and domesticated birds. The rise in pet bird adoption is driving this segment. Other pet food categories include food for rabbits, hamsters, and reptiles, as exotic pet ownership gains traction worldwide.
Dry pet food, or kibble, is the most widely consumed type due to its convenience, affordability, and long shelf life. It is preferred by dog and cat owners, as it promotes dental health and is easy to store and serve. Many brands offer grain-free and protein-rich kibble options tailored to different breeds and life stages. Wet or canned pet food is popular due to its high moisture content, which helps with hydration and digestion. It is often recommended for older pets, pets with dental issues, or those with specific dietary needs. The segment is growing as consumers seek high-quality, preservative-free options with real meat and vegetables. Snacks and treats are gaining popularity as training aids, dental care products, and supplements. Functional treats enriched with omega-3, probiotics, and joint-supporting ingredients are increasingly sought after. The growing trend of pet humanization has led to the demand for organic, grain-free, and customized treats. Other food types include raw and freeze-dried pet food, which is gaining traction among pet owners looking for biologically appropriate diets. With rising disposable incomes and increased awareness of pet nutrition, global pet food trends continue shifting toward premium, natural, and functional products.
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