The Pet Care E-Commerce includes those products that are offered online in order to ease the accessibility of various products available and also save the time. The pet care products available online include nutritional food products, antibacterial products, antifungal products, milk products, vitamin and mineral supplements, Skin treatment shampoo, creams, Tooth brushes, Digestive tonics and other accessories. The products offered also are classified into various types, Dental Care, Dewormer, Ear Care, Eye Care, Health Supplements, Oral Care, Other Medicines, Skin & Coat Care, and Skin Care products. The pet care has been a major concern for now being pet care and the up gradation in the e-commerce platform would help in the growth of the market.
COVID-19 scenario analysis:
The coronavirus pandemic is having a great impact on businesses and has already caused an extraordinary collapse of economic activities. The COVID-19 impact is straining the healthcare systems worldwide. The rapidly increasing demand for healthcare facilities and healthcare workers may leave only a few healthcare systems to fulfill the increasing demand during the pandemic situation.
The pandemic cases are caused because of direct or indirect contact between humans. There has been no evidence or confirmation that animals can spread COVID-19 to humans. Furthermore, COVID-19 has weakened the supply chain and has created shortage of animal health products such as nutritional feed as well as vaccines globally. Also, stringent government policies are anticipated to hamper the animal health market.
Healthcare facilities are stocking up the animal related health products, considering the high demand. This is expected to further economic downfall on the market due to inefficiencies and wasted speeding. Due to the pandemic situation, many hospitals and veterinary clinics are overstocking the products.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The major factors affecting the market include, the improvisation such that timely updates are available for the new products are being offered to propel the market. The promotional strategies available for the online deals would boost the industry in the coming years. Furthermore, the rise in number of pets and need for the pet care products is anticipated to help the market flourish. The improvement in technology and hence the e-commerce platform is anticipated to help the market surge in the coming years. However, the stringent regulations may hinder the growth in the commenced period.
New product advancements to flourish the market
The launch of new products were launched by the key leaders is the step taken such that the need of the market is fulfilled. For instance, TerraCycle launched Mars Petcare's Perfect Fit Cat Food Joins the Loop Initiative, the First E-Commerce Platform to Reduce Single-Use Packaging.
In January 2020, Mars Petcare launched its premium pet nutrition brand, IAMS in India. Known to deliver tailored nutrition to keep pets healthy and happy, the 73-year-old global brand offers pet parents a range of tailored nutritional solutions based on breed, size and the pet’s age. The brand’s focus is on category creation by educating pet parents about the benefits of pet food and home-cooked food.
Surge in mergers and acquisitions to boost the market
In May 2019, Carrefour and TerraCycle have collaborated with over twenty organizations – including Mars Petcare and its brand Perfect Fit, to launch Loop, a practical e-commerce shopping platform to reduce packaging waste. Perfect Fit, currently the only pet food brand available on Loop, offers quality nutrition for cats, now in carefully designed and durable packaging.
In August 2019, Elanco Animal Health has entered into an agreement with Bayer AG to acquire its animal health business in a transaction valued at US$7.6 billion. The planned transaction, which is subject to regulatory approval and other customary closing conditions, would create the second largest animal health leader while strengthening and accelerating the company’s proven innovation, portfolio and productivity (IPP) strategy.
Key benefits of the report:
- This study presents the analytical depiction of the global Pet Care E- Commerce industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Pet Care E- Commerce market share.
- The current market is quantitatively analyzed to highlight the global Pet Care E- Commerce market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global Pet Care E- Commerce market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Pet Care E- Commerce Market research report:
- Who are the leading market players active in the Pet Care E- Commerce market?
- What are the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in tasking further strategic steps?
Pet Care E- Commerce Market Report Highlights
Key Market Players
Walmart., PETstock, Amazon, PetMed Express, Inc., TABcom LLC, PetFlow, Petco Animal Supplies, Inc., PetSmart Inc., Groomers Delight, BarkBox