Pet Products Market Report
Posted: Thu Feb 13, 2025 6:45 am
1. The pet market is growing rapidly
2. E-commerce is gradually becoming the main purchasing channel
3. The categories are divided by functionality into pet clothing, pet home products, pet cleaning products, pet health products, pet training toys and pet travel products.
1. The pet market is growing rapidly
The global pet market is valued at $261 billion in 2022, registering a CAGR of 6.1% and projected to be worth $350 billion in 2027. Among them, the pet products market is expected to grow at a CAGR of 3.03% from 2022 to 2028, and its size is expected to reach $67.725 billion by 2027. Increasing pet ownership and changing consumption concepts guatemala number data re the key factors driving the market growth. The number of current pet owners and their related spending have increased significantly compared to the last decade.
2. E-commerce is gradually becoming the main purchasing channel
The pet care e-commerce market size is growing rapidly and various factors are contributing to the growth of this market including changes in shopping habits, advancement of digital trends, and people’s demand for premium products. The global pet care e-commerce market size is around $23.01 billion in 2022 and is expected to grow to around $45.60 billion by 2030, with a CAGR of around 8.92% from 2023 to 2030. Online shopping channels can offer a wide selection of products and a convenient shopping experience. Both leading e-commerce platforms and small and medium-sized independent pet care stations play an important role in this e-commerce development.
2. E-commerce is gradually becoming the main purchasing channel
3. The categories are divided by functionality into pet clothing, pet home products, pet cleaning products, pet health products, pet training toys and pet travel products.
1. The pet market is growing rapidly
The global pet market is valued at $261 billion in 2022, registering a CAGR of 6.1% and projected to be worth $350 billion in 2027. Among them, the pet products market is expected to grow at a CAGR of 3.03% from 2022 to 2028, and its size is expected to reach $67.725 billion by 2027. Increasing pet ownership and changing consumption concepts guatemala number data re the key factors driving the market growth. The number of current pet owners and their related spending have increased significantly compared to the last decade.
2. E-commerce is gradually becoming the main purchasing channel
The pet care e-commerce market size is growing rapidly and various factors are contributing to the growth of this market including changes in shopping habits, advancement of digital trends, and people’s demand for premium products. The global pet care e-commerce market size is around $23.01 billion in 2022 and is expected to grow to around $45.60 billion by 2030, with a CAGR of around 8.92% from 2023 to 2030. Online shopping channels can offer a wide selection of products and a convenient shopping experience. Both leading e-commerce platforms and small and medium-sized independent pet care stations play an important role in this e-commerce development.