1. The pet market is growing rapidly
2. E-commerce is gradually becoming the main purchasing channel
3. The categories are divid 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 Pet Products Market
The global pet market is valu at $261 billion in 2022,
registering a CAGR of 6.1% and project to be worth $350 billion in 2027. Among them, the pet products market is expect to grow at a CAGR of 3.03% from 2022 to 2028, and its size is expect to reach $67.725 billion by 2027. Increasing pet ownership and changing consumption concepts are the key factors driving the market growth. The number of current pet owners and their relat spending have increas significantly compar to the last decade.
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 russia number data premium products. The global pet care e-commerce market size is around $23.01 billion in 2022 and is expect 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 mium-siz independent pet care stations play an important role in this e-commerce development.
The categories are divid by functionality
Into pet clothing, pet home products, pet cleaning products, pet health products, pet training toys and pet travel products.
>Among them, popular categories malicious modules and the lsa process include pet supplies, cleaning and beauty products, pet toys, and pet health products.
1) Pet Products Market
Pet furniture is a special product
That is made to meet the different nes of different types of pets (such as dogs, cats, reptiles, etc.). The higher the level of customization taiwan lead of the product, the more popular it will be with consumers. The global pet furniture market is expect to reach $3 billion by 2025, and by 2028, the market is expect to be valu at $4.7 billion. From 2024 to 2029, the CAGR is estimat to be 5.80%. North America is the largest pet furniture market, and the Asia Pacific region is the fastest growing market. Among them, Indonesia, Vietnam, the Philippines, and Thailand are the countries with the highest number of pet owners in the Asia Pacific region.