Pet Market (Purchasing of Pets) to Register 7.5% CAGR through 2032 Amid Rising Pet Adoption and Pet Ownerships - Future Market Insights, Inc.

Surge in pet adoption and ownership due to rapid urbanization, increasing disposable income, and health reasons is pushing the sales of pets in the global market. Pets are currently owned by 70% to 8% percent of homes.

Similarly, growing trend of humanization along with easy availability of pets through online sales channels and expansion of pet grooming and pet care markets is expected to boost market growth during the forecast period.

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A growing number of people treat their pets like family members, choosing food and treats depending on their pets' dietary limitations or their own values and diet regimens, such as veganism.

Key Takeaways from the Pet Market (Purchasing of Pets) Study:

"Rapid urbanization and rise of pet humanization have boosted triggered pet adoption and ownership, thereby creating chances to improve profitability in the market"- says the FMI Analyst

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Who is Winning?

Leading suppliers in pet market (purchasing of pets) are focused on promotional policies, online services, advertisements, and new launches and offers that have driven sales growth of the pet market (purchasing of pets).

Major players present in the pet market:

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Future Market Insights, in its new offering, provides an unbiased analysis of the global pet market (Purchasing of pets), presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the Pet Market (purchasing of pets) based on Pet Type (Dogs, Cats, Birds, Fishes), Price Range (Economy and Premium), Sales Channel (Online, Offline), & Region for 2022-2032

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Market By Category

By Pets Type:

By Price Range:

By Gender:

By Sales Channels:

By Region:

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1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter's Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

4. Global Pet Market (Pet Purchasing Market) Analysis 2017-2021 and Forecast, 2022-2032

    4.1. Historical Market Size Value (US$ Mn) & Volume (Mn Units) Analysis, 2017-2021

    4.2. Current and Future Market Size Value (US$ Mn) & Volume (Mn Units) Projections, 2022-2032

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

TOC continued..!

Have a Look at Consumer Product Domain Related Research Reports: 

Pet Rugs Market Size : Pet Rugs Analysis market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape

Pet Toys Market Trends : The global pet toys market is expected to witness a CAGR of 7.2% during the forecast period 2021-2031. As per Future Market Insights, the global pet toys market valuation is around US$ 2,552.1 million in 2021

Pet Furniture Market Outlook : The global pet furniture market is estimated to be valued at US$ 1.8 Bn in 2022 and is projected to reach US$ 3.1 Bn by 2032. The market is anticipated to exhibit growth at a CAGR of 5.8% from 2022 to 2032. 

Pet Stain Remover and Odour Control Market Share : The global pet stain remover and odour control market is estimated at US$ 8.4 Bn in 2022 and is projected to reach US$ 12.0 Bn by 2032, at a CAGR of 3.6% from 2022 to 2032

Pet Monitoring Camera Market : The global pet monitoring camera market size is estimated at US$ 54.3 Mn in 2022 and is projected to reach US$ 93.5 Mn by 2032, exhibiting a CAGR of 5.5% between 2022 to 2032

Pet Car Seat Market : The pet car seat market is estimated to reach a valuation of ~US$ 2.8 Bn in 2022 and is projected to surpass US$ 5.0 Bn by 2032, at a CAGR of 4.7% from 2022 to 2032

Pet Lodging Market : The pet lodging market size is estimated to be valued at US$ 3.1 Billion in 2022 and is projected to reach US$ 5.0 Billion by 2032, expanding at a CAGR of 5% from 2022 to 2032

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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