US Russia Turkey Pet Care Market to Garner $129083. 76 Million, Globally, by 2031 at 5. 7% CAGR | Top Player and Growth Analysis – Digital Journal
According to a new report published by Allied Market Research, titled, “ ALL OF US Russia Turkey Pet Care Market by Product Type, Animal Type, and Distribution Channel.: Country Opportunity Analysis and Industry Forecast, 2021-2030, ”
The US Russia Turkey pet care market size was valued at $72, 580. 34 million in 2020 and is estimated to reach $129, 083. 76 million by 2030, registering a CAGR of 5. 7% from 2021 to 2030.
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Rise in concept of pet parenting and increase in disposable income of the pet owners are the major factors that drive the growth of the US Russia Turkey dog care market . Consumers are now opting for branded high quality pet food, high-end accessories, and a variety of pet grooming services for their pets.
Increase in adoption of various online portals and rise in number of offers or discounts provided by these sites attract consumers to purchase pet food and pet care products through online channels. Moreover, online sales stations have increased consumer reach, owing to which it has evolved as a key source of revenue for many companies. Furthermore, the online sales market is expected to expand in the future, owing to rapid growth in online and mobile user customer bases is likely to propel the US Russia Turkey dog care market growth during the forecast period.
Rise in regulatory constraints in the U. S pet treatment industry are expected to negatively affect the US Russia Turkey pet care market throughout the forecast period. For instance, within the U. S., pet food is highly regulated by the U. S. FDA to meet both federal and state requirements. The U. S. FDA has imposed laws on both finished pet supplements and their ingredients.
The united states Russia Turkey pet proper care industry was already growing at a strong rate pre-pandemic, but certain COVID-19 repercussions accelerated this growth and are expected to sustain it for years to come. This is attributed to increase in awareness regarding pet health.
According to the US Russia Turkey pet care market analysis, the market is segmented on the basis of product type, animal type, and distribution channel. On the basis of product type, the market is categorized into family pet care products and pet food. Pet care products further segmented into brushes, shower plus bath accessories, toothpaste, grooming wipes, shampoos/conditioners, cat litter, pet comb, tick repellent and others.
On the basis of product type, the pet meals segment was the highest contributor to the US Russia Chicken pet care market, with $50, 602. 31 million in 2020, and is estimated to reach $85, 677. 86 million by 2030, in a CAGR of 5. 2% during the forecast period. Surge in households with family pet and pet humanization are likely to garner the growth of the U. S. Russia Turkey animal food market. Owners are increasingly concerned about the health of their pets and thus feed their Dog with various premium and super premium pet food, including natural-and organic ingredient based pet food.
According to the US Russia Poultry pet care market trends, on the basis of animal type, the cat segment has gained significant share in the US Russian federation Turkey pet care market. Rise in adoption of cats have been witnessed, owing to their low maintenance. Growth in adoption of cats in addition to spending on cat care products, which includes health care and grooming are anticipated to favor growth of the particular functional pet food market through the forecast period. Cats would be the second-largest consumers of canine food across the globe.
Moreover, rise in concern regarding health and hygiene of cats is also a major factor that propels the US Russia Egypr pet care market development. In addition , rise in disposable income and concerns about furry friend health, especially among millennial population are anticipated to boost sales of cat food and caring products during the forecast period.
Based on distribution channel, the specialized pet shop segment was the highest contributor to the US Russia Turkey pet care market, with $18, 232. 18 million in 2020, and is estimated to reach $35, 476. 35 million simply by 2030, at a CAGR associated with 6. 6% during the prediction period. Specialized pet shop is the second fastest growing sales channel after ecommerce sales. The consumers are benefited with wider and specific option as per their puppy requirements. For instance, veterinary diet offered by PetCo assists to improve immune system for Dog and even cats and promotes healthy fur.
Players operating in the U. S. Russia Turkey pet treatment industry have adopted various developmental strategies to expand their own market share, increase profitability, together with remain competitive in the market. The key players profiled in this report include Colgate-Palmolive Company, Ferplast S. P. A., Mars, Incorporated, Nestlé Purina Petcare (Nestlé S. A. ), PETEDGE, Rosewood Pet Products, The Hartz Mountain Corporation.
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