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May 26, 2021, 13:00 ET
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NEW YORK, May 26, 2021 /PRNewswire/ — Technavio has been monitoring the pet care market and it is poised to grow by USD 48.94 billion during 2021-2025, progressing at a CAGR of  5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. 
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Related Reports on Consumer Discretionary Include:
Pet Accessories Market by Distribution Channel, Product, End-user, and Geography – Forecast and Analysis 2021-2025: The pet accessories market size is expected to grow by USD 9.20 billion and record a CAGR of 5.95% during 2021-2025, according to Technavio. Download PDF Sample
Wet Pet Food Market by Product, Distribution Channel, and Geography – Forecast and Analysis 2021-2025: The wet pet food market size has the potential to grow by USD 7.27 billion during 2021-2025, according to Technavio. Download PDF Sample
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Beaphar Beheer BV, Colgate-Palmolive Co., heristo AG, Inter IKEA Holding BV, Laroy Group, Mars Inc., Nestle SA, Spectrum Brands Holdings Inc., The J.M. Smucker Co., and Unicharm Corp. are some of the major market participants. Although the shifting preference toward natural and organic pet care products, increase in the number of people owning pets and increased spending on pets, availability of wide range of fashionable and multifunctional pet furniture, and rise in aging population globally will offer immense growth opportunities, growing awareness of pet allergies among people is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this pet care market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies. 
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Pet Care Market 2021-2025: Segmentation
Pet Care Market is segmented as below:
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Pet Care Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The pet care market report covers the following areas:
This study identifies the popularity of pet fashion among pet owners as one of the prime reasons driving the pet care market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Pet Care Market 2021-2025: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Product
Customer Landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
SOURCE Technavio

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