US Russia Turkey Pet Care Market

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.

With an unprecedented COVID-19 pandemic, demand for pet food and pet care accessories has witnessed a rise, owing to rise in concern about the pet health and increased spending time with pets. Furthermore, people adopted more pets with the growing desire for companionship during the lockdown. To meet this demand, key player in the market have shifted their focus from retail stores to e-commerce platforms.

Rise in trend of nuclear families, rapid humanization of pets and increase in awareness about pet health has been favoring the US Russia Turkey pet care market growth. Busy lifestyle, growth of single parenthood, and domestic violence are some of the factors resulting in increased trend of nuclear families. Therefore, companionship is one of the driving factors behind pet ownership. As per Pet Food Manufacturing Association (PFMA), in 2020, more than 17 million were adopted in every household, out of which 33% of Dog and 27% of cats were adopted as pets across the globe. The concern regarding pet health has gained major importance since few years owing to stringent government regulations and owners’ love towards their pets. For instance, as per the Queensland Government, the owners are required to register their pets in some council areas and provide their pets with appropriate food, shelter and total care. The government also ensures complete animal welfare to provide utmost care, love, and best possible quality of life to them. Thus, above mentioned factors are likely to garner the growth fo the market during the forecast period.

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 pet care products and pet food. Pet care products further segmented into brushes, shower and bath accessories, toothpaste, grooming wipes, shampoos/conditioners, cat litter, pet comb, tick repellent and others. Pet food further bifurcated into dry food, wet food and treats and snacks. On the basis of animal type, the market is segmented into, dog and cat. On the basis of distribution channel, the market is segmented into, supermarket, e-commerce, specialized pet shops and others. Country wise, it is analyzed across U.S. Russia and Turkey.

According to the US Russia Turkey pet care market opportunities, on the basis of product type, the pet care products segment was the significant contributor to the US Russia Turkey pet care market, with $21,978.03 million in 2020, and is estimated to reach $43,405.90 million by 2030, at a CAGR of 6.8% during the forecast period. Brushes, shower and bath accessories, toothpaste, grooming wipes, shampoos/conditioners, cat litter, pet comb, tick repellent and others are some of the products included in the pet care products segment. Pet care products are used for grooming pets which helps keep pet healthy and beautiful. Consumers are opting for branded high-end pet accessories, and a variety of pet grooming services for their pets. Moreover, rise in number of mobile pet grooming services, wherein the specially equipped vehicles travel to pet owner’s residence providing full range of services at the doorstep. This also eliminates the necessity to wait in long queues for pet grooming services. These factors in turn boost growth of the US Russia Turkey pet care market.

According to the US Russia Turkey pet care market trends, on the basis of animal type, the dog segment has gained major share in the US Russia Turkey pet care market. Dog food generated the highest revenue in 2020 owing to increase in trend of nuclear families and their demand to keep Dog for companionship and security. It has been observed that pet owners prefer dry food over canned or wet food as it is easy to store, no refrigeration needed and is more cost effective. However, health and wellness trend is increasingly apparent in the dog food market as owners are getting more conscious concerning pet’s health and thus are switching from dry food to nutritional and organic food, followed by treats & snacks. Thus, growing adoption of the dogs and rise in spending for dog grooming and food are likely to spur the US Russia Turkey pet care market growth.

On the basis of distribution channel, the E-commerce segment was the considerable contributor to the market, with $15,495.90 million in 2020, and is estimated to reach $33,659.37 million by 2030, at a CAGR of 7.8% during the forecast period. Online or e-commerce sales has outpaced the other modes of sales channel. E-retail sales has witnessed a continued growth since 2011 and as of June 2020, around 61% of online purchases have been made.

The online sales have witnessed quite a notable growth among pet owners over local hypermarkets or other grocery stores. The ease of buying several types of pet food items, wider variety of options, and availability of home delivery option are some of the benefits offered to the pet owner from e-commerce sales. Therefore, pet food online sales have grown in 2020. The e-commerce sales growth was also observed in developed markets and not just within developing regions.

Country wise, the U.S. dominated the US Russia Turkey pet care market, and is expected to sustain its dominance during the US Russia Turkey pet care market forecast period. This is majorly attributed to rise in adoption of the pets and increase in spending on pet care products, including healthcare and grooming products. Furthermore, growth in innovation in pet food and supplement packaging is expected to escalate the demand for pet care products and pet food in the U.S. Furthermore, rise in research to find natural and organic pet food sources, which can be used in pet food creates potential opportunities for the growth of the US Russia Turkey pet care market. Consumers look for premium and super premium pet food, owing to growth in concerns regarding health of their pet and animal welfare in the U.S.

The players operating in the US Russia Turkey pet care market have adopted various developmental strategies to expand their market share, increase profitability, and 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, The J. M. Smucker Company, Wahl Clipper Corporation, and WellPet LLC.

Key Benefits For Stakeholders

• The report provides a quantitative analysis of the current trends, estimations, and dynamics of the market size from 2020-2030 to identify the prevailing opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis and the market size and segmentation assist to determine the prevailing market opportunities.
• The major countries in each region are mapped according to their revenue contribution to the US Russia Turkey pet care market share. 
• The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the US Russia Turkey pet care industry.

 US Russia Turkey Pet Care Market Report Highlights