Current trends in the pet industry.

Current trends in the pet industry In addition, Packaged Facts has published a variety of other pet industry market research reports that may interest you including: Feb 25, 2025 · Modern pet parents are stepping it up when it comes to their pets' overall wellness—and the pet industry is responding. The report examines pet food, non-food pet supplies, veterinary services, and non-medical pet services — paying particular attention to the market impact of e-commerce and technology. The Canadian pet food market is expected to grow to 5. Fresh data from market researcher Euromonitor International projects that the pet food segment will increase at a higher pace than the overall industry, with the market representing €140. Respondents include owners of dogs, cats, fish, horses, reptiles, birds and small mammals, that were at least 18 years old. Jan 6, 2025 · These new product offerings help pet parents kick off 2025 with the latest trends across toys, apparel, accessories, beds, bowls, home décor and more. 2H 2023. Growth in Pet Tech. Pet ownership is the obvious replacement, but most animals still require plenty of TLC. Recognizing this dilemma, pet industry brands are now creating premium products that make petcare less demanding. Asian and European markets have also witnessed a steady increase in pet adoption, and the pet care markets in these regions are estimated to grow at a Powered by evolving perceptions of pet ownership across the globe, the pet care industry is poised for continued growth in 2024. For people working demanding jobs in expensive cities, the space and time investment in having kids is prohibitive. This included 1,000+ product launches Jan 29, 2024 · This data pointed out that pet parents worldwide are increasingly worried about their pets’ health and are searching for ways to personalize their diets: premium, fresh and tailored nutrition are among the top searches. Health and nutrition are critical 2024 trends, as well as sustainability and searching for quality at a lower price. Oct 17, 2023 · Mobile apps for pet care, pet-sitting services, and pet health tracking have gained popularity. Jun 26, 2023 · The growth of eCommerce has played a major role in CPG growth over the past few years. 4% in April 2023 to just 3. The results of the analysis show that the market economy of the pet industry will show a growing trend in the future. Dec 14, 2023 · From pet ownership trends to consumer spending behaviors to the industry’s economic impact, APPA’s new report covers the gamut of the entire pet and pet nutrition industries. This trend extends towards telehealth that offers online consultation for pets and their owners, where the number of users in Singapore increased by 8 times in a six-month period in 2021, with a current estimated market size of US$200M in Southeast Mar 10, 2023 · There are several significant trends that are currently impacting the pet food industry and pet food brands. North America accounts for a lion’s share of the pet industry with 67% of US households owning a pet. total sales in-store vs online ; A new finding in pet health and wellness trends due to the impact of inflation; Discover the marketplace views and data that can help pet care brands understand the latest consumer purchase trends in our new Q2 2022 Pet Trends Report. Jan 9, 2025 · The research notes that pet industry M&A activity has been “muted” in 2024, continuing a drop-off that began in 2022. 65 billion by 2032, exhibiting a CAGR of 5. That said, keeping up with current trends and adjusting your business strategy accordingly is important. Subscription Models are gaining popularity, with 17% of dog owners and 13% of cat owners embracing May 2, 2023 · The pet industry is constantly evolving, with new trends and innovations emerging all the time. 5% increase from 2023, according to the American Pet Products Association. According to Michigan State University, the pet industry had an overall economic contribution in 2023 of $303 billion, an increase of 16% from 2022. Mar 22, 2024 · For more information, be sure to read the report US Pet Market Outlook, 2024-2025 from Packaged Facts, which analyzes current and projects future retail sales and trends across the US pet industry. Apr 12, 2023 · ORLANDO, FLA. By understanding what pet owners want for their pets—and what they’re willing to spend their hard-earned dollars on—we, as a pet brand, can adapt our products and services to fit those preferences, serving pet parents and their loyal companions in the most efficient way possible. In fact, eCommerce spending is expected to reach $36 billion in 2023 — a 20% projected increase from 2022. Canada’s expanding pet demographics In 2024, the pet population in Canada showcases the country’s enduring love for animals and the number of pets in the country is expected to exceed 28. To get started, here are some statistics to sum up the current state of the pet industry. Along with shifting consumer preferences and advances in technology, a deeper understanding of pet behavior and development is innovating our entire approach to pet care. The US pet care market alone was estimated to be worth $99 billion (€84. Discover key trends and opportunities for pet businesses in 2025. 6B) by the end of 2024, 4. State of the Pet Industry: Key Statistics. From the rise of pet influencers driving consumer choices to the increasing demand for sustainable and traceable products, discover how eco-consciousness and dietary preferences are transforming the market. Mar 24, 2025 · Mintel looks at how the latest pet ownership trends are impacting the pet care industry. The video delves into the exciting and ever-changing trends in the pet industry, exploring the latest developments in premium pet food, the emergence of innovative services that go beyond traditional daycare and grooming, and pet fashion. More and more pet owners are influenced by sustainability, and most are inherently concerned with their pets’ health. The cat’s out of the bag and pets are now officially part of the family. Based on data from 2018 to 2023, the pet industry is in a good spot—in fact, it's on an upward trajectory: Overall spending in the U. Half of that revenue will be made in the United States. Explore the booming pet care industry in India with TGM Global Pet Care Report 2024: rising pet ownership, changing lifestyles, increased pet humanization. Shifting Inclination Toward Dietary Food Items to Accelerate Market Expansion. The market is projected to grow from USD 132. The pet care industry includes pet food and treats, as well as accessories, veterinary and health care, insurance, and services like walking, grooming, pet sitting, and daycare services. Mar 4, 2025 · In the US, pet industry expenditure rose to an estimated $151 billion in 2024, a 2. — During its “The State of Pet: What’s Next and What’s Trending in 2023” presentation, NielsenIQ shared its latest pet industry research at Global Pet Expo from March 22 to 24 in Orlando. Here are 9 significant trends in the pet industry for 2023 and beyond, reflecting how our relationship with pets is becoming more sophisticated and integrated into our lifestyles. From specialty food trends to packaging strategies, explore the full analysis of today's evolving pet marketplace. S. This time around, the company expects technological advancements to be a harbinger for industry growth in the coming year. Sustainable Cat Products. (And have the potential to see further growth over the next 12-18 months. pet market amounted to a staggering $147 billion in 2023. The question is: which trends will drive this growth? From pet food to supplements, this list will help you see what's coming around the corner in the pet space. Understand the latest market trends and future growth opportunities for the Pet Care industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation. . Investment Banking & Securities Offered Through SDR Feb 5, 2025 · Pet Care Inflation declined from a peak of 15. 1. 5 million cats in the UK. Whether your business is new or a decade old, it’s a great time to be involved in the pet industry. Feb 23, 2024 · Pet Influencers and Social Media: Pet influencers continue to shape trends in the pet industry, with their adorable antics and loyal followings influencing product choices and pet parenting Access the Latest Report. Oct 20, 2023 · Trends Highlighted at the Global Pet Expo What trends will define the pet care industry in 2024? ‍There are a number of compelling trends pet businesses should be tracking going into 2024, including CBD supplements, personalized nutrition, pet tracking technology, sustainable toys, and pet probiotics. Apr 28, 2025 · The Future of Pet Industry Trends in 2025 Image by: Yandex. Apr 23, 2025 · 7 Pet Industry Trends to Know; The Ultimate List of Pet Industry Stats; 20 Pet Startups with a Promising Future; This is a list of fast-growing pet products in 2024. 2 billion ($207. ; The number of pets in the UK rose 9% between 2022 and 2023 THE DEAL HOUND. Jul 12, 2024 · Get the latest insights, analyses and market trends in our newsletter, podcasts and videos. 5 billion by 2025. While the supermarket is still the most popular channel for buying pet food, its popularity is declining, from 74% for dog owners 3 years ago to 64% in 2023 and 84% for cat owners to 70%. Apr 14, 2025 · Pet Care Market Trends. 2 This impact is no different for the pet food industry, with more pet owners choosing to buy pet food online. Representatives from the market research firm dove deep into market growth, the latest consumer insights, sustainability trends and more. A comprehensive analysis of the US pet market reveals a robust industry, with detailed segmentation by pet type, ownership, product type, and services, providing insights into current trends and future prospects. Apr 10, 2024 · The pet industry is doing fantastic in 2024 so far. ; 57% of UK households keep pets. The findings may be Dec 22, 2023 · As each of these trends played out over the course of the year, ADM is back with a new set of trends and expectations for the pet industry in 2024. The future of the pet industry looks bright, with new trends and innovations on the horizon. Access the Latest Report. Overall, pet food brands that can meet the growing demand for natural, sustainable, personalized, and alternative protein sources, while also leveraging the benefits of eCommerce, are likely to be successful in the coming years. Jan 7, 2025 · The increasing pet spending trends are not limited to food and treats; the growing number of pet industry trends has branched out to pet health and wellness, grooming, and accessories. Dec 29, 2024 · The 2025 dog grooming trends are driving significant changes in the pet care industry, with the sector booming as pet owners become more invested in their dogs’ health, wellness, and style. An increasing number of cat owners are choosing to buy products for their pets that are eco-friendly and sustainable. ; The Canadian Apr 18, 2024 · The global pet care industry is forecasted to represent €191. Apr 16, 2024 · On March 20-22, 2024, pet industry professionals from across the globe gathered at the Orange County Convention Center in Orlando, Florida, for the Global Pet Expo. 1 Furry family The total pet care industry is worth $900 million and at the current rate of growth, it is likely to hit $1 billion very soon. Here are some of the most significant trends in pet daycare: Technology Integration. Presented by the American Pet Products Association (APPA) and the Pet Industry Distributors Association (PIDA), the exhibit floor showcased 1,100+ companies, including 300 first-time exhibitors. Mar 26, 2022 · This article will focus on using data analysis to figure out the dynamics of the pet market. In this blog post, we'll explore the most exciting tech trends in the pet-care industry for 2025. The global pet industry is projected to reach $300 billion by 2030. Essential read for pet enthusiasts In the face of challenges such as droughts, wildfires, and the COVID-19 pandemic, the enduring love and care Australians have for their pets have remained unshaken. pet industry expenditures reached $152 billion in 2024, showing continued growth and resiliency. The resilience of the market is evident, with expectations of continued growth despite economic fluctuations and external factors. Explore M&A Activity, Capital Market Conditions and Current Trends for the Pet Industry. 5 Jan 16, 2025 · As a pet owner, it's important for us to keep our finger on the pulse of the latest industry trends. households owning at least one pet. 52% during the forecast period. From smart devices to AI-powered solutions, the fusion of technology and pet care creates a new era of convenience, safety, and health for our furry friends. Automatic pet care devices. Oct 28, 2023 · The pet industry continues to evolve rapidly, with new trends emerging that cater to the ever-changing needs of pet owners and their furry companions. Mar 8, 2024 · Explore the dynamic shifts and emerging trends shaping the pet industry in 2024 and beyond. 96 billion USD by 2029. ,10 11 12 Developments worth watching include the development of raw and fresh foods, natural foods, foods made with meat, and foods made with meat alternatives like mealworms and crickets. Nowadays, pet owners prefer dietary food items to avoid obesity & unexpected weight loss issues among their kids. Sep 29, 2021 · For the first time, pet industry sales exceeded $100 billion, according to trends in pet spending from the APPA 2020 State of the Industry Report. Oct 25, 2024 · Discover key 2024 pet industry trends: $83B+ market insights, omnichannel growth, and Gen Z's impact on pet care. com. Predictions show that the pet grooming industry will increase to $14. 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. Apr 26, 2024 · AMA’s latest Pets in Australia survey shows that most pet supplies are sold through supermarkets and pet stores. Apr 19, 2024 · Three consumer trends—Value Hackers, Delightful Distractions and Wellness Pragmatists—stand out as the most relevant for the pet care industry in 2024, primarily due to the impact of inflation, pet humanisation and health concerns. 66 billion in 2024. 7% more than last year. 5. In recent years, the pet daycare industry has seen several notable trends that are shaping the way pets are cared for. 5 billion) in 2020. 6% by June 2024, offering pet owners a reprieve. Fresh and Raw Diets: 16% of dog owners and 12% of cat owners now opt for fresh pet food. Smart devices for dogs will become even more advanced, incorporating AI to offer personalised insights into health and Jan 13, 2025 · The 15 Pet Industry Statistics in the UK. 34 billion USD in 2021. Stay ahead of the curve by delving into the realm of plant-based diets for pets and the Mar 20, 2025 · The 20 Canada Pet Industry Statistics. ; The Canadian pet food market size was $3. 2 billion ($152. 2B) by the Access the Foremost Pet Owner Research. Surveys show that a majority of owners consider their pets members of their family, and this societal shift in perspective is expanding across major pet-owning markets. So whether you’re looking for a category to add to your eCommerce site. EVOLVING OPPORTUNITIES AND TRENDS IN THE PET INDUSTRY researchers, the current study forms a basis upon which future research on pet industry may be established. By 2025, several key trends are expected to shape the sector: 1. 92 billion in 2025 to USD 193. The pet technology market is forecast to expand significantly. 6 days ago · Here are 7 important trends in the pet industry for 2025 and beyond. Uncover market dynamics and consumer behaviors influencing growth and opportunities. There are 13. Mar 26, 2025 · STAMFORD, CONN (March 26, 2025) – The American Pet Products Association (APPA) announced today that the total U. Jan 1, 2022 · PDF | On Jan 1, 2022, Wangyi Zhang and others published Analysis of the Future Development Trend of the Pet Industry | Find, read and cite all the research you need on ResearchGate spend what 8it takes for the latest pet health trends. Dog population growth in North America is expected to stabilize at ~1% per year between 2023 and 2028. Many pet daycare facilities are now using technology to improve their services and enhance the experience for pets and their owners. These trends reflect a growing demand for personalized grooming services, eco-friendly products, and technology-driven solutions that enhance convenience Understand the latest market trends and future growth opportunities for the Pet Care industry in India with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation. People’s growing demand for pets and the support of modern technology have allowed the pet industry to develop more types of products. Mar 18, 2025 · Looking ahead, the dog industry is poised for further growth and innovation. 2025 Global Consumer Trends - Download Jul 28, 2022 · The Impact of pet inflation trends on pricing ; Share of U. Jan 19, 2025 · Explore key pet industry trends in our latest report. The global pet care market is estimated to grow from $246 billion in 2023 to $368 billion by 2030 Dec 4, 2024 · Canada’s latest statistics and trends highlight a growing pet population, booming pet industry, and shifting towards premium products and services. Spending growth in the pet industry could reach 7% annually by 2030 Jan 18, 2024 · Pet ownership is at an all-time high, with 66% of U. As more pet owners look for ways to improve their pets’ lives, there will be an increased demand for sustainable and eco-friendly preventive care pet products. A difficult post-pandemic economy has made companies more careful about acquiring new brands, and a strongly antitrust Biden administration has not been friendly to the growth of megacorporations, including in the pet space. Feb 11, 2025 · The 10 Cat Industry Trends 1. Apr 14, 2025 · The global pet food market size was valued at USD 126. Discover the latest pet industry insights from APPA with the 2025 State of the Industry Report, including ownership trends, pet-related purchasing behavior, and consumer sentiment information. Explore the latest trends in Australia's pet industry with insights on market growth, pet ownership, and emerging sectors in 2024. The pet grooming market is on a good path to become one of the most important pet industry trends in 2024. and stay up to date on the latest trends in the pet industry. pet industry, factoring in the longer-term impacts of the coronavirus pandemic. Key trends are clearly and succinctly summarised alongside the most current research data available. May 19, 2022 · This report analyzes retail sales and trends across the U. 5 million dogs and 12. Therefore, the increasing prevalence of obesity among pet dogs & cats will offer newer industry growth opportunities. Trends in pet food preferences. lkzlkg sboe nid mtyry ikmy dln kytz xdi zrrph khwbiga rizm ptbxcl kadhji xvwevs wcnln