Find Out More About Pet Dental Health Market Global Growth With Rising CAGR And Forecast Till 2030Posted by Mrudula Karmarkar on January 6th, 2023 The global pet dental health market size is expected to reach USD 9.98 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.18% from 2022 to 2030. Increasing pet companion ownership, rising demand for pet dental care products, and rising prevalence of pet dental diseases are the major drivers of the market. The increased prevalence of a variety of oral health-related disorders has been highlighted as a significant driver. According to the American Pet Product Association (APPA), there are 89.7 million pet dogs in the U.S. Every year, pet owners spend an average of USD 49.70 on dental care for their dogs. Furthermore, pet owners' increased knowledge of pet health and an increase in the number of dental operations are driving the market. Periodontal disease is the most common clinical issue in both cats and dogs, and it is usually avoidable by cleaning their teeth. The condition, according to the American Veterinary Medical Association (AVMA), can cause serious health problems ranging from tooth loss to organ damage. According to the AVMA, by the age of three, around 70% of cats and 80% of dogs have some kind of periodontal disease. The COVID-19 outbreak is having a mixed effect on the pet dental care product industry. Due to the shutdown of vet clinics and specialized salons, the need for pet oral care products has increased. During the lockdown, several online businesses also experienced big sales. Chewy.com gets around 70% of its revenue from subscribers and has seen an increase in revenues since February 2020. As a result of the pandemic, the penetration of online businesses increased. The market for pet dental care products is fairly concentrated, with major worldwide companies holding a considerable share. Many strategic efforts have been undertaken by the industry's leading players to expand their share. They are focusing on new product releases, mergers and acquisitions, and expansions to reach a larger consumer base. For instance, in June 2020, the new Pedigree Dentastix chewy chunk from Mars Petcare was introduced to stop plaque buildup throughout the day. The company also plans to provide the same product in beef and chicken tastes with a maxi or mini choice for bigger and smaller dogs. For instance, in June 2022, Purina DentaLife introduced ActivFresh daily oral chews to treat bad breath. These chews, created with honey and natural spirulina, have been clinically shown to combat bad breath. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/pet-dental-health-market-report/request/rs1
According to the American Veterinary Medical Association (AVMA), periodontal diseases are the most common dental conditions visibly evident among pets over 3 years old. More than 80% of dogs are diagnosed to have active dental diseases after reaching age three according to VCA Animal Hospitals. Maintaining the dental health of pets with necessary oral care products and routine dental cleaning and other treatments is very crucial in improving animals’ overall health and behavior. These factors are expected to be profitable opportunities for market growth. The COVID-19 pandemic has caused a market downturn, especially during the year 2020. This unfavorable impact is majorly owing to the declaration of lockdowns in various regions, which resulted in the closure and restricted access to veterinary services. This circumstance has created hurdles among pet owners in accessing better veterinary dental care due to the cancellation and forced limitation of veterinary dental appointments. According to the American Veterinary Medical Association, veterinary services during the pandemic have been a great challenge for veterinarians globally. The veterinary practices’ productivity declined by 25% in the U.S. driven by the pandemic in 2020. However, as veterinary practices are an essential healthcare business in the country, the services rebounded in 2021 as the activities resumed gradually. Pet Dental Health Market Report Highlights
The major players have faced certain challenges in maintaining their veterinary oral care product supply due to the uncertainty of distribution channels. However, government agencies and key market players have taken several measures to maintain their animal healthcare business throughout the pandemic. For instance, Virbac stated in the 2020 annual report that during the year, the company did not experience supply difficulties that could have impacted their overall sales, however, the production sites were unable to operate with 100% capacity, which caused delivery difficulties. The company’s strategies for crisis supply chain management have increased its revenue in the following years. Some of the other key factors driving the market include the growing adoption of pet insurance with dental care coverage, return to normality post-pandemic with enhanced e-commerce sites, increased pet healthcare expenditure, R&D initiatives in the veterinary dental industry by major companies, and expansion of oral care product offerings. For instance, according to the American Pet Products Association, the U.S. pet care expenditure raised from USD 90.5 billion to 123.6 billion from 2018 to 2021. Hence, the rising annual expenditure for pet healthcare is a significant factor in the market growth. List of Key Players of Pet Dental Health Market
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