10th Aug 2020 - Global Pet Care Market size is expected to reach USD 202.6 billion by 2025. The increasing demand for pet care products including food products, accessories, and pharmaceuticals, rising adoption of pets and grooming & boarding services are some of the major factors estimated to drive the market growth. Technology advances in boarding, training facilities and grooming are feasible to the pet owners. The market size is anticipated to grow at a CAGR of 4.9% in the upcoming period.
In the market, several technologies do exist for pet health and nutrition such as pedometers, computerized feeders, and others. Animal nutrition and health are the most important factors of key players in the market due to an increasing use of pet care products and services. Major products and services in pet care are medical devices, nutritional supplements, vaccines & medicines, pet supplies, diagnostics, veterinary, and the other services. Therefore, extensive use of these products is expected to boost the market growth in the next couple of years.
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The market size is based on type such as cat, dog, fish and birds. The “dogs” segment held the largest market share in 2016 due to increasing adoption of dogs and health benefits associated with them. Dogs are the most popular and preferred pet across the globe. Moreover, they help in reducing depression, enhancing cardiovascular health & stress, and encouraging exercise.
In the market, various pet care products are available such as pet food, OTC medications & supplies, veterinary care, live animal purchase, pet boarding & grooming services, and others. The “pet food” segment held the largest market share in 2016 and is anticipated to grow at a high CAGR in the next couple of years due to growing demand for premium food products and organic & natural products. Rising disposable income especially in the developing countries results in the purchase of more pet products. The “boarding & grooming” services are expected to grow at a significant growth rate in the years to come. Rising adoption of pet and growing preference of pet owners regarding pet care are some factors expected to propel the segment growth.
The factors that play an important role in the growth of pet care market include increasing demand, growing population, increasing urbanization & industrialization, increasing demand for pet care products, growing demand for pet tracking & monitoring devices, rising emphasis on pet care health & nutrition, increasing pet population, rising trend of pet care to home, technological advancement in pet care and increasing disposable income. Moreover, rising adoption of pets and growing demand for premium care products are main factors driving the growth of market in the years to come.
The key players contributing to the robust development of the pet care market include PetSmart Inc., Nestle, PetCo Animal Supplies Inc., Just for Pets, Aller Petfood LLC, Ancol Pet Products Limited, Zoetis, Martin & Martin Ltd., J.M. Smucker Company, PetLife LLC and Platinum Pets. These market players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- UK
- Asia Pacific
- India
- Japan
- Latin America
- Brazil
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Global Pet Care Market size is expected to reach USD 202.6 billion by 2025.
Technology advances in boarding, training facilities and grooming are feasible to the pet owners.
Therefore, extensive use of these products is expected to boost the market growth in the next couple of years.The market size is based on type such as cat, dog, fish and birds.
Dogs are the most popular and preferred pet across the globe.
Moreover, they help in reducing depression, enhancing cardiovascular health & stress, and encouraging exercise.In the market, various pet care products are available such as pet food, OTC medications & supplies, veterinary care, live animal purchase, pet boarding & grooming services, and others.
Rising disposable income especially in the developing countries results in the purchase of more pet products.
Global Pet Care Market size is expected to reach USD 202.6 billion by 2025.
The increasing demand for pet care products including food products, accessories, and pharmaceuticals, rising adoption of pets and grooming & boarding services are some of the major factors estimated to drive the market growth.
Technology advances in boarding, training facilities and grooming are feasible to the pet owners.
Therefore, extensive use of these products is expected to boost the market growth in the next couple of years.The market size is based on type such as cat, dog, fish and birds.
Dogs are the most popular and preferred pet across the globe.
Moreover, they help in reducing depression, enhancing cardiovascular health & stress, and encouraging exercise.Get Free PDF Sample Copy of the Report (Including Full TOC, List of Tables & Figures) @ https://www.millioninsights.com/industry-reports/pet-care-market/request-sampleIn the market, various pet care products are available such as pet food, OTC medications & supplies, veterinary care, live animal purchase, pet boarding & grooming services, and others.
Global Pet Care Market size is expected to reach USD 202.6 billion by 2025.
Technology advances in boarding, training facilities and grooming are feasible to the pet owners.
The market size is anticipated to grow at a CAGR of 4.9% in the upcoming period.In the market, several technologies do exist for pet health and nutrition such as pedometers, computerized feeders, and others.
The “pet food” segment held the largest market share in 2016 and is anticipated to grow at a high CAGR in the next couple of years due to growing demand for premium food products and organic & natural products.
Rising disposable income especially in the developing countries results in the purchase of more pet products.
Rising adoption of pet and growing preference of pet owners regarding pet care are some factors expected to propel the segment growth.The factors that play an important role in the growth of pet care market include increasing demand, growing population, increasing urbanization & industrialization, increasing demand for pet care products, growing demand for pet tracking & monitoring devices, rising emphasis on pet care health & nutrition, increasing pet population, rising trend of pet care to home, technological advancement in pet care and increasing disposable income.
Million Insights Market Research Released A New Research Report On Global Automotive Vehicle-to-Everything (V2X) Market - Forecast Up To 2025.
Report Provide Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And Drawing A Competitive Landscape For The Market.
The convenience aspect of vehicles has increased due to safety features and communication technology.
The consumer demands for safety has increased and it act as driver for this industry’s market growth.Technological advancement has lead to driverless and automatic cars which is still under research stage and its commercialization is expected soon.
Driverless transportability can be achieved with the help of V2X communication technologies.
Boom in construction sector have increased commercial vehicle sale by approx.
Global Vaccine Contract Manufacturing Market size is expected to reach USD 4.0 billion by 2025, A vaccine provides active acquired immunity to a disease.
Vaccine manufacturing is a complex process, in which effectivity, safety and consistency are the most important part for the manufacturers.
The growing demand for vaccine development from the private sector as well as governments in developing and industrialized countries is expected to witness significant growth of the market in the coming years.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/vaccine-contract-manufacturing-market/request-sampleIn the market, various types of vaccines are available such as inactivated vaccines, attenuated vaccines, toxoid-based vaccines, subunit-based vaccines, DNA-based vaccines, recombinant vector vaccines, synthetic vaccines and others.
The single vaccine such as influenza virus, ebola virus, chickenpox, smallpox, polio, tetanus, tuberculosis and others could be explored in vaccine contract manufacturing industry.
The factors that play an important role in the growth of market include increasing demand, growing population, increasing urbanization & industrialization, growing pharmaceutical industry, increase in the number of countries demanding the introduction of vaccines, stringent government rules & regulations and increasing awareness about vaccination & its benefits in developing countries.
The “downstream” segment is expected to witness significant growth in the coming years owing to the robust demand for downstream processing and sophisticated equipment for efficient product recovery.North America is accounting large market share in the years to come owing to widespread manufacturing of vaccines in this region, coupled with growing presence of large number of biopharmaceutical facilities.
Global Ultraviolet (UV) Disinfection Equipment Market size is expected to reach USD 6.42 billion by 2022.
Ultraviolet (UV) irradiation is used for multiple purposes in water treatment.
Also, it is used for the removal of inorganic and organic chemicals including chloramines, ozone, chlorine, and total organic carbon (TOC).
The increasing awareness among customers regarding technology coupled with high investments by governments globally to employ advanced water treatment technologies is expected to boost the market growth in the forthcoming period.
The “air treatment” segment is projected to grow at a high CAGR in the upcoming period due to growing consumer inclination towards health and safety.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/ultraviolet-uv-disinfection-equipment-market/request-sampleThe factors that play an important role in the growth of ultraviolet (UV) disinfection equipment market include increasing demand, growing population, increasing urbanization & industrialization, growing need for environmental friendly disinfection system, increasing use of UV led in disinfection saves energy, increasing demand for clean & safe drinking water due to rising population & declining freshwater resources, technologically advancements and stringent government rules & regulations.
Moreover, easy installation and low environmental impacts associated with the ultraviolet disinfection system as compared to conventional chemical disinfection methods are major factors driving the growth if market in the upcoming period.However, low cost of conventional disinfectants like chlorine, decline in the share of food & beverage, lack of treating the residuals by UV disinfection equipment are negatively impacting the growth of ultraviolet (UV) disinfection equipment industry.
