Pet Care Market By Pet Type (Dog, Cat, Fish, and Other Pet Types), by Applications (Pet Food, Pet Care, and Grooming Products), by Product Type (Brushes, Shower & Bath Accessories, Toothpaste, Grooming Wipes, Shampoos/Conditioners, Cat Litter, Pet Comb, Tick Repellent, Dry Food, Wet Food, Treats & Snacks, and Others) by Distribution Channel (Offline Retail Stores and Online Stores), and Geography (North America, Europe, Asia Pacific, Latin America, and MEA) and forecast to 2029.

Pet Care Market size was valued at USD 128.4 billion in 2022 and is expected to grow at a 7.3% CAGR from 2023 to 2029. The increasing trend of humanization of pets and growing consumer spendings in pet care is expected to drive the petcare market. For instance, during the Covid 19 spread people were suggested to stay at home and lockdowns were imposed all over the globe, this made people to suffer from mental state of isolation. Adopting a pet has helped then effectively in recovering an individual from such mental state. These scenarios has raised the pet humanization rate across the globe. In addition, the growing knowledge about animal welfare and well-being is expected to lead the increasing demand for pet care products. Market key companies like Nestle, Mars Incorporated are focused in providing nutritional & calorific value in their pet care products which is expected to further boost the market growth. in addition, the availability of variety of choice of flavours in animal food is expected to boost the market growth over the forecast period. For instance, Champion Petfoods LP introduced ORIJEN small breed, a wild-fish caught & flavoured recipe-based dog food item in the U.S. market. Furthermore, the increasing pet adoption rate, growing expenditure regarding pet care, and rapid urbanization is expected to increase the demand for premium petcare products at a significant rate over the forecast period. Moreover, the pet dietary foods are expected to have an significant growth owing to increasing incidence of animal obesity caused by unhealthy feeding habits. However, the high cost of prime quality pet care solutions, and rising animal borne disorders like diarrhoea, abdominal pain to the owners due to the unsanitary living pattern is expected to hinder the growth of petcare market over the forecast period. Geographically, North America region held the major market share in 2022 and is expected to dominate the global petcare market in the forecasted years.

Petcare Market Key Developments:
In November 2022, Mars Pet acquires Champions Pet Foods to increase its product portfolio and market share of the company across the globe. 
In August 2022, Wiggle an Indian based pet care brand launched its product ‘Every Dawg’, gluten & sugar free pet food for dogs.