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.
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.
By Product Type
Pet Food segment helds the major share of 69.7% in 2020
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.
By Animal Type
Dogs segment helds the major share of 66.8% in 2020
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.
By Distribution Channel
Supermarket segment helds the major share of 38.3% in 2020
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.
By Country
US country helds the major share of 80.9% in 2020
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
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Analyst Review
According to the CXOs of leading companies, The demand for specialized and higher The demand for specialized and higher quality pet food products leads to increase in pet food production globally. Rise in trend of premiumization resulted in advent of innovative tastes and flavors, shapes, and sizes. For instance, gourmet ingredients, such as béchamel sauce, crimson and turkey, and meat and pumpkin purée with quinoa in pet food products has resulted in increased demand for premium products. In addition, manufacturers emphasize on offering products containing 100% meat and high moisture with no artificial preservatives and additives added. This is anticipated to boost the market growth by giving opportunities to smallscale manufacturers to produce abundant premium and super-premium products for cats than what is already available for Dog in the industry. Premiumization and product differentiation continue to drive pet food industry. The growth of enhanced pet food products is creating greater segmentation based on factors, such as age and breed. The rise in trend of treating pets like a child has led to a sharp increase in using natural health products and nutritional ingredients. Pet owners are opting high-quality, nutritional and healthy products to ensure their pets stay healthy. They also demand pet food ingredients labelling to be transparent on its packaging to know if their pets are consuming healthy, nutritional and natural food.
Increased awareness for ethical treatment of pets and growth in humanization have improved the health and fitness of domesticated animals. Increase in pet population contributes to the increase in demand for pet grooming products and services. Moreover, Turkey is projected to register a significant growth as compared to the maturated markets of the U.S. and Russia, due to increase in adoption rate of pets, growth in disposable income, and shift in consumer trend as consumers are moving from pet ownership to pet parenthood, and treat their pets as family members.
Internet sales have been presenting continuous growth over the years. The availability of info-centric health products, such as natural, organic, and nutritional foods, as per consumers’ demand has gained popularity, owing to rapid increase in pet humanization. However, some of the small e-retailers, such as EarthlyPets.com, AllAmericanPet.net, PremierPetFoods.com, and SitStay.com, have come up with healthy, nutritional, and organic pet food products that would create lucrative opportunities for other small retailers to increase their networking channel and strengthen their product offerings.
The US Russia Turkey pet care market size was valued at $72,580.34 million in 2020.
5.7% is the CAGR of US Russia Turkey pet care market.
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2021–2030 would be forecast period in the US Russia Turkey pet care market report
Colgate-Palmolive Company, Ferplast S.P.A., Mars, Incorporated, Nestlé Purina Petcare (Nestlé S.A.), and PETEDGE are some of the the top companies in the US Russia Turkey pet care market.
The market is segmented on the basis of product type, animal type, and distribution channel.
Turkey per care market was valued at 2,141.12 million and is expected grow at CAGR of 10.2% during the forecast period.
By country, U.S. will dominate the market by the end of 2031.
There is positive impact of COVID-19 on US Russia Turkey pet care market and is expected sustain its impact after COVID-19 scenario.
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