Pet Care Market Size

Statistics for the 2023 & 2024 Pet Care market size, created by Mordor Intelligence™ Industry Reports. Pet Care size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Pet Care Industry

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Pet Care Market Summary
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Study Period 2019-2029
Market Size (2024) USD 20.02 Billion
Market Size (2029) USD 24.59 Billion
CAGR (2024 - 2029) 4.20 %
Fastest Growing Market North America
Largest Market North America

Major Players

Pet Care Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Pet Care Market Analysis

The Pet Care Market size is estimated at USD 20.02 billion in 2024, and is expected to reach USD 24.59 billion by 2029, growing at a CAGR of 4.20% during the forecast period (2024-2029).

  • The pet care industry has been experiencing positive growth due to a surge in the adoption of pets worldwide. According to Industrieverband Heimtierbedarf (IVH) e.V, the cat population in Germany has increased by 1 million to reach 16.7 million in 2021. This has stimulated the demand for pet services and products and encouraged significant growth in the pet care market.
  • Many other major countries, such as the United States, Brazil, and the United Kingdom, have experienced a similar surge in pet populations, increasing the demand for pet care products worldwide. In recent years, many people have invested in pet care products such as accessories, pet health, and pet fashion, as pets are seen as family members. This is even higher in the millennial generation of developing and developed countries worldwide.
  • Along with this, the rise in disposable incomes has increased the willingness of pet owners to spend on high-quality products. Therefore, the growing interest in pet humanization, coupled with a rise in demand for premiumization in pet care products, is driving the market growth for pet care products.

Pet Care Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)