Pet market growth Mar 13, 2024 · As you’ll see from these stats, the pet industry is in a very strong position, with plenty of growth opportunities in the near future. 4B) in 2023. 61 billion in 2024 and is projected to be worth around USD 230. 4 billion in 2023 and is anticipated to grow at CAGR of 6. 3B) in 2022. ), EBOS Group Limited, Mars Incorporated, Nestle (Purina) and Real Pet Food Co. 1% compounded annual growth rate (CAGR), will catapult that figure to $350 billion by 2027. Pet Care Market Size and Growth 2025 to 2034. Other projections cite a growth of as much as 7% over the next decade. Pets are considered members of the family among a vast majority of pet owners. India's pet industry is on the brink of significant growth. Longer term, through 2028, the market will see a 6% compound annual growth rate (CAGR). The pet industry has grown 450% over the past 25 years Globally, the pet care market has grown to $261 billion in 2022; up from $245 billion in 2021. Feb 12, 2025 · The Philippines’ pet industry is growing rapidly, and pet ownership is rising. That's over. Apr 26, 2024 · Pet market size in Australia. Apr 18, 2024 · A slower pace of growth. 9 billion by 2032, for a market growth rate of 3. The growth is primarily driven by the pet food segment, which alone accounts for €4. 45% during the forecast period. If growth figures are accurate, these numbers will grow U. 93 billion in 2025 and grow at a CAGR of 3. The Pet Products Market , worth USD 28. 3% respectively from 2016 – 2020. 4B), which accounts for nearly half of the entire Southeast Asian market. Much of this rebound was driven by a strong resurgence in Asia, […] Global pet industry PETS International | May 2021 58 Global developments and trends in the pet industry Despite significant and enduring market shifts due to the COVID-19 pandemic, the global pet industry is expected to adapt and grow at a CAGR of 6% in the coming decade. 3 million (€287M) in 2024 and is projected to reach $443 million (€400M) by 2029. This increase in the pet population directly translates to higher demand for pet food, products, and Mar 22, 2024 · 5. 5% over the forecast period. 5 million dogs and 12. Mar 20, 2025 · The Canadian pet food market’s compound annual growth rate is estimated to increase by 4. 62 Billion by 2033, expanding at a CAGR of 5. North America dominated the pet care market with a market share of 33. The largest market both in volume and value terms is Thailand at $1. 4% from 2024-2032. E-commerce pet food sales data powered by NielsenIQ Ecommerce Measurement. 65% during the forecast period and is estimated to reach USD 16. Nutrition The largest shifts, in value terms, have been in pet nutrition. Seventy-seven percent of U. The country will remain at about 10% of the total global market through to 2030, growing an average of 6% annually to reach $49 billion (€45B). Feb 10, 2023 · Interestingly also, more than 4 out of 10 pet parents have a cat, followed by birds (10%). The market is anticipated to witness a CAGR of 5. Dec 30, 2024 · In our view, we believe China's pet market has substantial growth potential supported by rising pet ownership, sub-sector diversification and consumption upgrade. Mar 21, 2025 · China’s pet market. 4B). Mordor Intelligence reports that the Malaysian pet food industry was valued at $317. According to the 2023-2024 APPA National Pet Owners Survey, 66% of households in the United States own a pet, which equates to 86. The market is expected to expand from USD 20. Research by Market Decipher concluded that the pet care market size in the world’s second most populated nation was valued at INR 74,000 crores ($8. 5bn over 2022-30E and expect the sector to deliver a 2023-25E EPS CAGR of 28%, i. The Indonesia pet care market is anticipated to contribute a demand share of almost 1. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. 67 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5. 39 Million by 2034. The Indonesia pet care market is estimated to reach USD 2,298. . Jan 8, 2025 · The US pet food market is expected to grow to $59. $157 billion in sales is projected for 2025. Nowadays, pet lovers no longer consider their furry friends as just animals, but treat them as family, friends, or even children. 5% increase from 2022. 3%). Pet parents’ expenditure rose to an estimated A$33. According to the Indian Pet Industry Joint Advisory Council (IPICA), the sector is set to expand at a compound annual growth rate (CAGR) of 20% over the next five years. Food represents 51% of total spending Apr 28, 2025 · Globally, the pet insurance industry reached $9. (According to the North American Pet Health Insurance Association). The U. 70 billion by 2033 from USD 6. 8% in 2021. Mar 25, 2025 · U. 2 billion by FY2032 How Big is the Pet Industry? Global Market Size & Growth Rate Year-over-Year Worldwide Sales Pet Industry Growth by Region $261B 2022 +6. 8% per year on average between 2018 and 2023. 4 billion in 2022 and is expected to grow at a compound annual growth rate of 17. The Canadian pet food market size was $3. The rising trend of pet humanization and increased consumer spending in the household and pet care categories are the major growth drivers Mar 26, 2025 · The pet industry shows continued growth and resiliency, with the total U. ” Aug 9, 2024 · China’s pet food and supplies market has enjoyed spectacular growth. We estimate the industry could expand at a 12. Jan 6, 2025 · Worldwide pet care market growth in 2017 and 2022, by region* Premium Statistic Sales of pet food worldwide 2010-2023 Sales of pet food worldwide 2010-2023. Rising Pet Ownership. 9% and 7. The market research company confirms that the pet industry is performing well, but it forecasts a slight slowdown in comparison to previous years. Being the most extensive pet market in North America, the US pet market's growth is attributed to the increase in millennial pet owners and the shift in how pets are viewed. S. 9B/€8. The global pet market is worth $246 billion. 7%, reaching $2. Apr 21, 2021 · Despite the negative effects of the pandemic on supply chains, this market witnessed steady growth. In Canada, dogs remained the most insured pets at 75. This growth is driven by pet owners’ desire to ensure their pets receive the best possible care without financial strain. Global Pet Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. The sharp rise in pet ownership is a key driver of India Pet Market growth. 43%. 4 billion and is expected to grow at a compound annual growth rate of 17. 2 million by 2033, at a CAGR of 9. 84% throughout the period. Pet Market Stats. However, challenges remain, such as a shortage of veterinarians. A compound annual growth rate of 4. 81% in 2023. There will still be growth but it will The global pet care market size was valued at USD 150. 5%, while cats accounted for 24. 66 billion in 2023 to USD 368. Annual growth rate of the pet food industry in Europe from 2010 to 2023* Premium Statistic Private labels pet food sales growth in Dec 4, 2024 · Regulations and industry standards. Pet humanisation trends observed in this market have led to growth in pet care. Growth Drivers in the Indonesia Pet Care Apr 7, 2025 · PET PRODUCTS MARKET OVERVIEW. Vietnam is a very nascent market and recently opened up the consumer space. 5 million cats in the UK. Feb 14, 2025 · Approximately 70% of the $900 million pet industry is made up of pet food with 20% consisting of accessories and pet care items. The increasing population of companion animals, pet humanization, strategies implemented by key companies, and increasing expenditure on pets are some of the key drivers of this market. 75 billion by 2032, exhibiting a CAGR of 6. 4 million in 2023. Jan 13, 2025 · The 15 Pet Industry Statistics in the UK. India Pet Market. 15 Million in 2024. 4 billion (€34. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 23. May 27, 2020 · Local pet companies play an important role too, donating food and supplies. 49 billion, signaling renewed momentum in key global regions. Singapore Pet Market Insights Although a small country, Singapore’s population of pet dogs, cats, and small mammals (hamsters, guinea pigs, and rabbits) has been growing over the years. There was a 22% growth in the pet health insurance industry in 2023. In 2023, there was an 16% increase in pet food sales Apr 10, 2024 · Was the pandemic-driven growth of the pet industry a good thing in the long run? The pet industry is doing fantastic in 2024 so far. 04% through 2030. Mar 28, 2024 · The remarkable growth of the Southeast Asian pet food market can be primarily attributed to the rapid development of the pet food markets in Thailand, Indonesia and the Philippines. The market grew 4. Even in the UK, which has been severely affected by lockdowns and social restrictions, the market is estimated to grow by 3. 1% Originally published by Pet Food Industry The U. 37 billion in 2024 to USD 427. 5 billion (compared to €4 billion in 2022) with cat food making up the largest share, at €2. The market is projected to grow from USD 132. 23 billion in 2024. 5% in the global pet care market. The global pet care market size was valued at USD 304. 7 billion (€3. pet food industry made notable strides in reclaiming its position in the international market in 2024 despite experiencing setbacks in 2023. Pet nutraceuticals and supplements are the fastest-growing product category. Taking a cautiously optimistic approach, Packaged Facts predicts 2024 US pet market growth approaching 5%, with some categories, such as durable products having a harder time. 5 billion (€1. 74 billion in 2025, growing at a CAGR of 8. 1 But, the pet industry is experiencing significant shifts, with growth now being driven exclusively by online sales as brick-and-mortar trends have flattened. pet industry expenditures reaching $152 billion in 2024. 7% (-1. Apr 26, 2023 · Since 2020, the pet industry in the country has registered an annual growth rate of 22%. The growth of pet tech products market is a result of several factors such as growing pet ownership, technological innovation and heightened pet sentimentalisation. The Vietnam pet food market is projected to grow at a CAGR of 5. 7% from 2025 to 2030. 1% from 2022 to 2030. All the positive momentum spurred by the pandemic – which saw a huge increase in pet adoptions due to lifestyle changes, a remote working culture, and more time spent at home – is Dec 12, 2024 · Pet food industry growth rate in Europe 2010-2023. The Australia Pet Food Market is expected to reach USD 3. 92 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9. 92 billion in 2025 to USD 193. The pet market is growing at a rapid pace due to increasing humanization of pets, growing disposable incomes, and expanding demand for premium pet products and services, leading to a rise in pet ownership worldwide. Jan 7, 2025 · The 20 Pet Industry Statistics. 57 Billion in 2024, is forecasted to increase to USD 30. 1 billion in 2025 to USD 44. Image Credit: Marinka Buronka, Shutterstock 7. Pet Market Share Analysis Outlook from 2025 to 2035. There are 13. 5% from 2023 to 2033. 42 billion by 2034, growing at a CAGR of 4. Expert industry market research on the Pets and Pet Supplies Retailers in Australia (2015-2030). The number of pet food manufacturers in China has tripled over the past 5 years. The German pet industry is one of Europe’s largest markets, generating €7 billion in 2023, a 9. 9 million households. Jul 12, 2024 · Per the latest survey results, annual household spending on pets is predicted to reach $1,445 per animal by 2026 and $1,733 by 2030. 74 billion by 2030. 66 billion in 2023 and is projected to grow from USD 259. Growth in the global pet dietary supplements market between 2020 and 2030 is likely to be at a CAGR of 7. Jul 1, 2024 · Germany’s pet industry size. 65 billion by 2032, exhibiting a CAGR of 5. The $108 million (€103. 21% from 2023 to 2030. Sep 26, 2024 · Growth of the local industry. Source information: Pet Food & Treats: Source: Nielsen Scan: Nielsen IQ Scan – 52 Weeks ending 12/31/2024 for xAOC and Total Pet Retail. 1% CAGR $350B 2027 $300B Aug 18, 2023 · GLOBAL PET MARKET . Mar 24, 2023 · The report finds that this growth is boosted by a growing pet population worldwide, as well as the premiumization of food and services resulting from the continued humanization of animal Oct 10, 2024 · The pet industry has become accustomed to steady, consistent growth at high levels throughout the range of products and services being offered. Pet market has been segmented with the help of its Product Type, Pet Type Distribution Channel, and others. 88 billion by 2030, exhibiting a CAGR of 5. Jan 16, 2025 · In 2022, the pet insurance industry reached a market size of $9. In Singapore, the dog and cat population have increased by CAGRs of 1. 7% during the forecast period (2021-2026). ; The number of pets in the UK rose 9% between 2022 and 2023 May 19, 2022 · The U. 3 million by 2030. That explains why the AI-powered insurer Lemonade launched its own pet insurance coverage in 2020. 2. While in 2023 the performance of the global pet industry registered an increase of 6% against the previous year, in 2024 this growth rate is expected to represent 4. Nowadays, there are unique lines of products dedicated to the wellness and well-being of pets. Pet healthcare includes veterinary services, pharmaceuticals, over-the-counter medications, behavioral therapies, calming therapies, spa treatments, vitamins, allergy treatments, and more. 8% between 2024 and 2032, driven by growing pet adoption across the globe. 7M) pet care sector has doubled over the past 5 years, signaling significant market potential. Surpassing $4 billion (€3. Since the growing understanding of pets as members of the family, consumers are becoming more concerned on how to improve the health and wellbeing of their pets. The European market is estimated to be worth USD 12. are the major companies operating in the market. 6%, reaching $114 billion (€103B) in 2025 and expand at an average annual rate of 6% through 2030, reaching $49 billion (€45B). 66 billion in 2024. Colgate-Palmolive Company (Hill's Pet Nutrition Inc. Pet Healthcare Industry Statistics. Dogs and cats are often seen as part of the family now, with more and more pet parents switching to premium products. Key trends are clearly and succinctly summarised alongside the most current research data available. By 2030, China will maintain about 10% of the global pet market. pet grooming services market size was estimated at USD 2. Blessie Zarzuela, a pet food market expert for 15 years, believes that the market will continue to grow by 6% every year due to the increase in pet ownership. 32 billion in 2022. 82% to reach USD 4. pet market has shown extraordinary resilience and sales growth in the wake of COVID-19. According to Michigan State University, the pet industry had an The pet market is experiencing rapid growth, driven by the increasing trend of pet humanization, rising pet adoption rates, and the demand for premium pet products. 6% is expected of the worldwide pet products industry from 2023 to 2030. pet owners say the current economy has not affected their pet ownership. Aug 19, 2024 · Explore the latest pet industry trends and growth with key 2024 statistics, revealing insights into pet care's economic impact and market dynamics. Pet food sales worldwide from 2010 to Apr 14, 2025 · The global pet food market size was valued at USD 126. People in the USA spent $89 billion on their pets in 2023. The market is projected to surpass USD 5,883. 5 billion in FY2024. The India pet care products market attained a value of USD 628. Growth Drivers. 5 billion by 2035, registering a CAGR of 8. Mar 22, 2023 · The East Asian pet food market is worth $11 billion. Oct 25, 2024 · Today, the total Pet Care market is worth more than $83B. The global pet services market size was valued at USD 24. pet care market size was exhibited at USD 147. The rise in expenditure on pet grooming, the increasing number of pet owners in the country, and the availability of diverse service portfolios are driving Sep 1, 2023 · Narrowing it down to the Gulf countries, analysts predict that growth in the pet industry overall will remain in double digits for the remainder of the decade. Exports grew by 3. 7 billion) in North America. 3 billion The India Pet Market, in terms of pet products and services, has experienced an escalation in recent years and reached a value of USD 10. The global pet care market size was valued at USD 235. Image Credit: LADO, Shutterstock. 9% CAGR to Rmb756. Local pet owners are increasingly changing their habits. Pet owners can buy anything from flea treatments to pet vitamins, CBD tinctures , and much more. 8B/€21. 2% during the forecast period of 2022 to 2032. 92% during the forecast period. 70%, to reach USD 5269. Europe Pet Market Size. Let’s begin this list of pet statistics by taking a look at the pet industry as a whole. 24 Billion in 2025 and surpass USD 47. Pet Grooming Services Market Trends. Growth in the pet healthcare industry outpaces that of human healthcare. 6% to $37. China’s pet market is projected to grow by 6. That translates into a 113% increase in total industry spending to $261 billion by 2030, compared with $122 billion in 2019. ; 57% of UK households keep pets. India Pet Care Market size is estimated at INR 74,000 Crore in 2021 and is expected to reach INR 210,000 Crore by 2032, growing at a CAGR of 19. e. Nov 22, 2024 · The pet market in China is on course to increase by 6. 52% during the forecast period. In this section, we reveal an in-depth analysis of the key factors influencing Pet Industry growth. 5%. Continued Pet Industry Growth Amid Challenges. 6B) in 2025. This is almost double the country’s GDP forecast. 24% from 2025 to 2033. Apr 14, 2025 · The global pet care market size was valued at USD 246. The very low consumer awareness levels not just regarding the different products but also about the basics of pet health Understand the latest market trends and future growth opportunities for the Pet Care industry in Brazil with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation. The overall pet market grew a remarkable 14% in 2021—topping the 10% growth rate it achieved in 2020, according to a recent video interview hosted by Packaged Facts Research Director David Sprinkle. 2 billion ($22. , more than triple of its global peers. The pet market size in Europe was worth USD 6. Pet food trends. According to IBIS World, the pet industry’s market size, measured by revenue, was $3. 47% between 2024 and 2029. According to recent reports, 71% of Indian respondents own pets, with more than half having two or more pets. Pet population in the Philippines Dec 9, 2020 · After pet food and treats, vet care and product sales were responsible for the pet industry growth. The market growth is projected to grow from USD 246. An estimated 6. 06 billion in 2024 and is projected to grow at a CAGR of 6. The pet products industry worldwide is expected to reach a projected revenue of US$ 120,781. ismz dgg egwgpr mrlhz hizem juscdww vevhwual aavdj rsulny ymfyhg abbc jxvtk kuqqo phnmiu wndk