Pet Supplies Market Size with Latest Growth, Development Trends and Forecast RepPosted by Pradeep Zende on December 3rd, 2019 Pet Supplies Market is projected to be valued at USD 38.45 Billion by 2025, registering a CAGR of 6.9% during the forecast period. Pet supplies include beds, furniture, bowls and feeders, cleaning supplies, and plush toys and indestructible chew toys. The increasing per capita disposable incomes are leading to a rise in expenditure on pet care products, which is driving the growth of the Global Pet Supplies Market. High competition owing to the presence of several players in the market is leading manufacturers to focus on product innovation and development, further boosting the global pet supplies market size. Manufacturers have introduced products with unique features such as wireless fence collars, automatic feeders, and pet fountains, which are some of the latest pet supplies market trends. Increasing awareness about the need for proper pet healthcare Growth Opportunities in the Market
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Consumers are increasingly shopping on online e-portals such as Amazon.com, Inc. and Chewy, Inc. due to the availability of a wide range of products from different brands, customer-oriented services such as free delivery, and promotions such as discount offers and coupons. Currently, 46% of pet owners in the US shop for pet products online. The non-store-based segment is projected to register a CAGR of approximately 10% from 2019 to 2025. About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. Like it? Share it!More by this author |