Category: Pets Market

The Cost of Owning a Dog: Annual and Lifetime Costs

Posted on by Indah
Note: The above data reflects estimated care costs that we sourced from Rover. Keep in mind that actual pricing may vary depending on your location and your dog’s age and breed. Pet Sitting and Boarding Your dog will require care from a pet sitter or a boarding facility if you have to leave home for an extended period of time. If you’re lucky enough to have a friend or family member to watch your pet, you may save on these expenses, but sometimes dog owners need outside help. Pet sitters will typically come to your home to care for your…
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Fresh Pet Food Market in the US to grow at a CAGR of 29.34% from 2022 to 2027|Expansion of fresh pet food vendors is the primary market trend

Posted on by Indah
NEW YORK, June 30, 2023 /PRNewswire/ — The fresh pet food market in the US is estimated to grow by USD 5,341.82 million from 2022 to 2027. The growth momentum will be progressing at a CAGR of 29.34% during the forecast period. The market is segmented by product (dog food, cat food, and others), distribution channel (offline and online), and type (fish, meat, vegetable, and others). The market share growth by the dog food segment will be significant during the forecast period. There is a growing adoption of dog segment, which, in turn, is significantly driving the fresh pet food…
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Big box retailers dominate the online pet care space

Posted on by Indah
NEW YORK — Consumers are moving online to conduct their pet product shopping, and this trend shows no signs of slowing. The rise of e-commerce continues, and the pet care space is no exception. According to Packaged Facts, brick-and-mortar pet product sales share decreased from 84% in 2017 to 65% in 2022, while e-commerce sales share increased from 16% to 35% over the same period. In another report by Bloomberg Intelligence, the firm estimated US e-commerce pet care sales will reach $57.7 billion by 2030, making up nearly a third (29.5%) of all sales in this market. “The pet care…
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The Global Pet Care Market is anticipated to reach USD

Posted on by Indah
Clifton, New Jersey, May 30, 2023 (GLOBE NEWSWIRE) — In an ever-growing pet care market where the bond between humans and their furry companions continues to strengthen, the demand for exceptional pet care products and services has reached new heights. Pet owners today are seeking nothing short of the best, fuelling a vibrant industry that caters to the diverse needs of our beloved four-legged friends. With a commitment to delivering unparalleled care, innovation, and tailored solutions, businesses in the pet care market are redefining the standards of pet well-being, ensuring that every wag of the tail and purr of contentment…
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Pet Oral Care Products Market Revenue to Cross USD 3.21 billion by 2031, Growing at a CAGR of 6.6% Says, Transparency Market Research

Posted on by Indah
Transparency Market Research An increase in demand for pet dental care products is expected to propel the global pet oral care products market during the forecast period. Wilmington, Delaware, United States, Oct. 23, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The global pet oral care products market is projected to flourish at a CAGR of 6.6% from 2022 to 2031. As per the report published by TMR, a valuation of US$ 3.21 billion is anticipated for the market in 2031. As of 2023, the pet oral care products market is expected to close at US$ 1.93 billion. The…
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₹200-crore pet food facility coming up in Telangana’s Zaheerabad

Posted on by Indah
Processed food products and agro commodities exporter Allana Group is setting up a pet-food manufacturing facility with an investment of ₹200 crore near Zaheerabad. The 10 tonne/hour plant, to make meat-based products for pets, will be operational in a couple of weeks. It will be Asia’s largest such facility, the company said in a release on launch of protein-rich dried dog food products for the domestic market under the ‘Bowlers’ brand. “The facility’s expansive production capacity will position India as a significant player in the international and domestic pet food market,” it said. Allana Pet Food Solutions CEO Raghavendra Rao…
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Taiwan presidential hopeful offers pets for pregnancies in push to boost birth rate | Taiwan

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A billionaire presidential hopeful in Taiwan has proposed boosting the plummeting birthrate by offering couples free pets if they have a baby. Terry Gou, the founder of Apple-supplier Foxconn, announced his intention to seek the presidency as an independent candidate last week. In an early sign of how his campaign may run, Gou told attendees at a Taipei city temple on Friday that the declining birthrate in Taiwan could be addressed by giving new parents a cat or dog. Taiwan has one of the world’s lowest birth rates, with many people citing the high cost of living, difficulties in accessing…
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Pet tech market set to reach $188bn by 2027

Posted on by Indah
The pet tech market is set to grow in tandem with the development of AI. Photo credit: Getty GlobalData predicts that pet care spending will reach $188bn by 2027, growing from $150bn in 2022 at a compound annual growth rate of 4.6%. Pets have long been a staple of family life, with consumers increasingly willing to invest in their welfare. The majority of these consumers are millennials, 73% of whom own a pet (according to a 2018 GlobalData survey). This demographic is expected to lead the digitalisation of pet ownership, as it becomes increasingly mainstream. Regionally, the US is the…
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