Report Overview
Global Animal Care market size was USD 179.55 billion in 2023 and the market is projected to touch USD 290.00 billion by 2031, at a CAGR of 6.18 % during the forecast period. The Global Animal Care Market encompasses a wide range of services, products, and solutions aimed at ensuring the health, well-being, and overall care of animals. This market includes veterinary healthcare, pet services like grooming and training, and products such as pet food, medicines, and hygiene solutions. With increasing awareness of animal welfare, the market serves a diverse audience, including pet owners, livestock farmers, zoos, wildlife parks, and research institutions. The demand for animal care has surged due to the growing trend of pet adoption and the economic significance of livestock farming. Additionally, technological advancements in diagnostics and treatment and the rising humanization of pets have fueled innovation in this industry. The market's scope extends across companion animals, livestock, and exotic species, highlighting its critical role in enhancing both animal and human health through improved animal welfare and disease management.
Global Animal Care Market report scope and segmentation.
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Report Attribute |
Details |
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Base Year |
2023 |
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Forecast Years |
2024 – 2031 |
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Estimated Market Value (2023) |
USD 179.55 Billion |
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Projected Market Value (2031) |
USD 290.00 Billion |
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Segments Covered |
By Animal Care, By Service Type, By Service Type, By Distribution Channel, & By Region. |
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Forecast Units |
Value (USD Million or Billion) |
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Regions Covered |
North America, Europe, Asia Pacific, Rest of the World (Latin America, and Middle East & Africa). |
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Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Australia, Brazil, Argentina, GCC Countries, and South Africa, among others. |
Global Animal Care Market dynamics
The Global Animal Care Market is driven by increasing pet ownership worldwide and rising expenditure on pet healthcare and related services. Companion animals, viewed as family members, have propelled the demand for premium care services, including veterinary treatments, grooming, and boarding facilities. Similarly, the livestock sector benefits from innovations in veterinary products to enhance productivity and disease resistance. However, challenges like high costs of veterinary care, lack of skilled professionals, and cultural variations in pet ownership can hinder market growth. On the other hand, opportunities abound with the increasing adoption of telehealth services and wearable devices for pets, providing real-time health monitoring. Governments and organizations promoting animal welfare and sustainable livestock practices further support market expansion. The growing focus on exotic animals and wildlife care presents an additional niche for growth. Together, these factors define a dynamic market landscape ripe with opportunities and challenges.
Global Animal Care Market
- Drivers
Growing trend of humanization of pets fuels demand for premium care services
The burgeoning trend of humanization of pets has emerged as a significant driver propelling the growth of the Global Animal Care Services Market. This paradigm shift in pet ownership reflects an increasing inclination towards treating pets as family members, resulting in a heightened demand for premium care services tailored to meet the evolving needs of pet owners. As pets assume an integral role within households, there has been a perceptible surge in the demand for specialized care services such as grooming, boarding, training, and veterinary care. Pet owners are increasingly seeking personalized and high-quality services to ensure the well-being and happiness of their furry companions. This shift towards premium care services has spurred the development of innovative solutions within the animal care industry, ranging from luxury pet spas to on-demand veterinary services.
- Restraints:
High cost of veterinary care
The high cost of veterinary care stands as a significant restraint for the global animal care services market, posing challenges for both pet owners and industry stakeholders. Despite the growing importance of pets in households worldwide, the financial burden associated with veterinary services often deters pet owners from seeking necessary care for their animals. This reluctance stems from the substantial expenses involved in veterinary treatments, examinations, surgeries, medications, and other healthcare services.
A 2023 study by the National Commission on Veterinary Economic Issues (NCVEI) in the US highlighted the impact of cost concerns on pet owners' decisions regarding veterinary care. The study revealed that 31% of pet owners reported either delaying or forgoing veterinary care due to financial constraints. This statistic underscores the direct correlation between the high cost of veterinary services and decreased utilization of animal care services, ultimately affecting the overall market dynamics. Moreover, insights from a survey conducted by the American Veterinary Medical Association (AVMA) shed light on the financial expenditure incurred by pet owners on veterinary care. On average, pet owners spend approximately $1,688 annually on veterinary care for dogs and $1,360 for cats. These figures signify a substantial financial commitment, especially considering the rising costs of living and economic uncertainties faced by consumers globally.
- Opportunities:
Rise of telemedicine offers a convenient and affordable way for pet owners to consult with veterinarians remotely
The emergence of telemedicine within the realm of veterinary care heralds a transformative era for the global animal care services market. This technological advancement presents a plethora of opportunities for pet owners seeking convenient and cost-effective avenues to consult with veterinarians remotely. Telemedicine in veterinary care offers unprecedented convenience to pet owners, enabling them to seek professional guidance without the hassle of physically visiting a clinic. A survey conducted by the American Society for the Prevention of Cruelty to Animals (ASPCA) underscores this convenience, revealing that a staggering 66% of respondents expressed a willingness to engage with veterinarians more frequently if telemedicine services were available. This statistic not only emphasizes the demand for remote consultation options but also underscores the potential for telemedicine to enhance overall pet healthcare outcomes.
- Challenges:
Rising costs of pharmaceuticals and medical supplies put pressure on profit margins
The Global Animal Care Services Market faces a formidable challenge stemming from the escalating costs of pharmaceuticals and medical supplies, exerting significant pressure on profit margins. The burgeoning expenses associated with acquiring essential medications and supplies have become a prevalent concern within the industry, posing a considerable obstacle to sustainable growth and profitability. The upward trajectory in pharmaceutical and medical supply costs is primarily driven by various factors, including research and development expenses, regulatory compliance, and market dynamics. Pharmaceutical companies are continuously investing substantial resources in research and development to innovate new treatments and products, leading to higher production costs. Additionally, stringent regulatory requirements and compliance standards contribute to increased operational expenses throughout the supply chain, further elevating the overall cost of pharmaceuticals and medical supplies.
- Segment Overview
By Animal Type: The market is segmented into companion animals, livestock, and exotic animals. Companion animals such as dogs and cats dominate the market due to the increasing trend of pet ownership and humanization of pets. Livestock, including cattle and poultry, represents a significant share driven by the economic importance of animal-derived products like milk and meat. Exotic animals, though a smaller segment, are gaining attention due to their rising popularity as pets and conservation efforts in zoos and wildlife reserves.
By Service Type: Services in the market include veterinary care, pet boarding and daycare, grooming, training, pet sitting and walking, and others. Veterinary care remains the largest segment due to the essential nature of health services. Grooming and daycare services are gaining traction, particularly in urban areas, as pet owners seek convenience and quality care. Pet training and walking services are growing as owners invest in behavioral and physical well-being.
By End-user: The market caters to diverse end-users, including pet owners, livestock farmers, zoos, wildlife parks, and research institutions. Pet owners are the largest consumers, driven by rising pet humanization trends. Livestock farmers demand veterinary care and disease management solutions to improve productivity. Zoos and wildlife parks focus on healthcare for conservation, while research institutions require animal care for scientific studies.
By Distribution Channel: Distribution channels include commercial facilities, mobile/outdoor services, and others. Commercial facilities like veterinary clinics and pet care centers dominate the market. Mobile and outdoor services are emerging as a flexible option, particularly in rural areas where access to traditional facilities is limited.
Global Animal Care Market Overview by Region
The Global Animal Care Market exhibits regional disparities, with North America leading due to high pet ownership rates, advanced veterinary infrastructure, and significant spending on pet care. Europe follows, driven by stringent animal welfare laws and a strong emphasis on premium pet services. Asia-Pacific is witnessing rapid growth, fueled by rising disposable incomes, increasing livestock farming, and a growing awareness of animal health in countries like China, India, and Japan. Latin America and the Middle East & Africa present untapped opportunities, with rising urbanization and government initiatives promoting animal welfare and disease management. Each region's unique socio-economic factors influence the adoption of animal care services, presenting a diverse yet promising global landscape.
Global Animal Care market competitive landscape
The competitive landscape of the Global Animal Care Market is marked by the presence of established players and emerging companies striving to innovate and expand their offerings. Mars, Incorporated, a global leader, dominates with its wide range of pet care products, including Pedigree and Whiskas. Petco Animal Supplies, INC and Petsmart LLC are key players in retail, offering an extensive range of pet products and services. Best Friends Pet Care, Wag Labs, INC, and Dogtopia specialize in premium pet services such as grooming, boarding, and training. Veterinary pharmaceutical giants like Vetoquinol and Elanco Animal Health focus on medicines and diagnostics. Emerging brands like Camp Bow Wow and Pet Valu are gaining popularity for their innovative approaches to pet daycare and retail. These companies compete on quality, innovation, and customer engagement, shaping a highly dynamic and competitive market.
Global Animal Care Market Recent Developments
- February 2023, Mars Petcare finalized the acquisition of Champion Petfoods, adding ORIJEN and ACANA brands. Champion operated independently within Mars Pet Nutrition.
- September 2023, Mars completed the acquisition of SYNLAB Vet from SYNLAB Group, integrating it into Mars Petcare’s Science & Diagnostics division, expanding pet healthcare solutions globally.
- January 2024, Petco and Nationwide launched a co-branded pet insurance product on petco.com, offering customizable coverage for pets' health needs.
- March 2024, PetSmart had introduced new Arcadia Trail products, enabling pet parents and their dogs to share adventures together, featuring durable gear for outdoor activities.
Scope of global Animal Care market report
Global Animal Care report market segmentation
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ATTRIBUTE |
DETAILS |
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By Animal Type |
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By Service Type |
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By End-user |
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By Distribution Channel |
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Customization Scope |
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Pricing |
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