Global pet industry market size.
Global pet industry market size 7% (-1. Global Pet Microchips Market . 4% from 2025-2033. North America dominated the pet food market with a market share of 40. 25% increase from 2021, when the production was 32. Mar 28, 2024 · The pet care market in Southeast Asia is undergoing a significant transformation, marked by rises in pet ownership, humanization and awareness of pet health. Pets are defined as animals under the care of Nov 22, 2024 · The pet market in China is on course to increase by 6. 8 Billion in 2024. 3%). 26% to reach USD 369. households own at least one pet. 90% CAGR. The rising trend of pet humanization and increased consumer spending in the household and pet care categories are the major growth drivers The Global Pet Care Market is witnessing significant growth in the near future. 57% between 2023 and 2030. 5 billion by 2035, registering a CAGR of 8. The global Pet market size will be USD 18. 5. 6% to $37. 4B) in 2023. 6%. 19 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5. 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. 7% of the global pet market. 1. 14%. Pet Care Market size was valued at USD 235. 10%. 75 Billion by 2031, expanding at a CAGR of 7. Mar 26, 2025 · The expenditures were released alongside the association’s 2025 State of the Industry Report during Global Pet Expo, the pet industry’s premier event. PETCO is the second-largest with a 15% market share. The global pet market is worth $246 billion. 5 By Pet Services, Market Size and Forecast (2016-2026) 6. 5 billion in 2024, growing at a rate of 4% from the previous year. By 2030, China will maintain about 10% of the global pet market. 86 billion in 2025 and grow at a CAGR of 4. The shift towards online shopping has accelerated, with retailers like Amazon Canada and Chewy entering The Global Pet Food Market is expected to reach USD 208. 2 Competitive Scenario of Global Pet Jan 1, 2022 · market size leads to the pet industry is that the expansion . ADM, Colgate-Palmolive Company (Hill's Pet Nutrition Inc. 00 Billion in 2023, and is Projected to Reach USD 39. 5 million U. Food represents 51% of total spending Revenue in the Pet Food market amounts to US$158. 3%. 92 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9. China’s pet market is projected to grow by 6. Jan 7, 2025 · The 20 Pet Industry Statistics. The 2025 State of the Industry Report provides comprehensive analysis and visuals of industry expenditures, ownership trends, consumer habits, sentiment and behaviors with comparative data Aug 20, 2024 · The global pet care market size is calculated at USD 324. 99 Billion. M. The market is projected to grow from USD 132. ), Apr 14, 2025 · The global pet food market size was valued at USD 126. 69 Billion in 2024 and is projected to reach USD 347. 6% from 2025 to 2032, reaching nearly USD 406. The global pet housing market will be valued at $5. 66 billion in 2023. The Global Pet Care Market size is expected to be worth around USD 476. The pet care market mainly remains resilient to the global economic downturn due to the high adoption of brand loyalty by pet owners. Pet food and treats, vet care and supplies sale, pet insurance companies, accessories, etc. 51 billion by 2033, registering a solid CAGR of 7. Canadian pet owner buying behavior. Oct 11, 2023 · Global pet food production has been growing steadily in recent years, reaching 35. 53 billion by 2034, growing at a CAGR of 7. 3B) in 2022. 67 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5. 09 Billion by 2032, Growing at a CAGR of 9 % From 2024-2032. 5B in 2021, is projected to reach USD 332. 8 billion in revenue. This is in tune with the average estimated CAGR of 6% for the global pet industry, which is estimated to reach a value of $343 billion (€292. According to BI, the global pet food segment may top $137. 1% CAGR from 2025 to 2034, driven by the expansion of e-commerce pet food sales. The most profitable pet supply company is PetSmart, Inc. 5% and Western Europe’s 2. In global comparison, most revenue is generated United States (US Apr 14, 2025 · Global Pet Care market size is anticipated to be valued at USD 227. 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). Jan 12, 2024 · Global pet product market share 2020, by leading country Premium Statistic Pet market size forecast in South Korea 2015-2027 VC deals closed in pet industry in China 2016-H1 2019; Pet Feb 10, 2025 · Pet Housing. 6% in 2024. 8% per year on average between 2018 and 2023. Mar 22, 2023 · Americans are responsible for 44. Apr 26, 2024 · Pet market size in Australia. In 2023, the Food segment accounted for noticeable share of global Pet Care Market and is projected to experience significant growth in the near future. Jun 1, 2017 · Global Pet Industry • 1 May 2025 Colgate-Palmolive’s sales slip amid tariffs, shaky consumer confidence Hill’s was a bright spot in a challenging Q1 2025, with pricing increases driving growth. The global pet care market size was valued at $138,270. What is the expected global market size of Polyethylene Terephthalate (PET) in terms of volume for 2032? Ans: The global market size of Polyethylene Terephthalate (PET) is expected to reach approximately 42600 thousand tonnes by 2032, and it is expected to further expand with a CAGR of 4. Historic Market Size - Application Segment 2019 - 2023 ($ billion) Feb 19, 2025 · Zoetis Global pharmaceutical industry Pharmaceutical industry in the U. Data Table on Global Market: Year-over-year growth 2024-2029 (%) 5 Historic Market Size. The Pet Care Market is expected to reach USD 20. The pet food and treats market size crossed USD 138. 5 billion in 2023 and will rise at a compound annual growth rate (CAGR) of 8. 2 billion ($22. The global pet accessories market size was estimated at USD 6. canine battle that may also help explain the pet industry’s moderated growth. com Aug 19, 2024 · The global pet market industry was valued at $246. Mar 25, 2025 · The global pet care market size was valued at USD 323. Apr 14, 2025 · The global polyethylene terephthalate (PET) market size was USD 48. 1 billion in 2025 to USD 44. General Mills Inc (Bluebuffalo), The J. 85 billion by 2030. 7 Dec 4, 2024 · How big is the pet industry in Canada? In 2023, the pet stores industry in Canada generated $3. . The growth is primarily driven by the pet food segment, which alone accounts for €4. 1% from 2022 to 2030. Pet Care Market: Overview. In the United States, the market size is approximately $1. This is a 7. Pet ownership in the United States Hog and pig farming in Global animal health market size in 2023, 2024, and a Dec 9, 2020 · Read on to discover more about the latest statistics and trends in the pet industry! Pet Industry Market Size. 5% over the forecast period. 5 % in 2024. These industries rake in millions of dollars each year. Leads the global pet care market with a comprehensive portfolio in pet food, health, and veterinary services, leveraging innovation and direct-to-consumer platforms. 8B/€21. Mars Incorporated, Colgate-Palmolive Company (Hill's Pet Nutrition Inc. million US in 2027, Pet Care Market Size, Share, Growth, Trends, and Global Industry Analysis: By Pet Type (Dog, Cat, Fish, and Other Pet Types), By Applications (Pet Food, Pet Care, and Grooming Products), By Product Type (Brushes, Shower & Bath Accessories, Toothpaste, Grooming Wipes, Shampoos/Conditioners, Cat Litter, Pet Comb, Tick Repellent, Dry Food, Wet Pet Food Market Size, Share And Growth: The global pet food market size was valued at USD 130. 0 million in 2020, and is estimated to reach $269,497. Nestlé Purina PetCare (17-21%) Known for science-backed formulations and strong veterinary collaborations, offering therapeutic and wellness diets through both retail and clinical The Global Pet Market, valued at USD 232. 43 billion in 2023 and is projected to grow from USD 52. 2% from 2021 to 2030. A compound annual growth rate of 4. 1% CAGR $350B 2027 $300B $200B Pet Care Market Research, 2030. 42 billion by 2030. The Pet Accessories Market size was valued at USD 60. In the years ahead, the fast-growing pet care markets in Southeast Asia will become more visible, not only within the Asia-Pacific region but also on a global scale. 71 billion in 2024 and is expected to grow at a CAGR of 6. Pet parents’ expenditure rose to an estimated A$33. Looking forward, IMARC Group estimates the market to reach USD 192. 8% between 2024 and 2032. 93 billion. Source information: Pet Food & Treats: Source: Nielsen Scan: Nielsen IQ Scan – 52 Weeks ending 12/31/2024 for xAOC and Total Pet Retail. Pet owners are shifting towards high- quality pet nutrition, healthcare, fixing, and tech- enabled pet services. 6% during the forecast period (2025-2032). 0 Billion in 2024, growing at a CAGR of 6. 4 billion (€34. 1%. 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. 94 billion in 2024 to USD 109. Jan 16, 2025 · This focus on pet health is not just a passing trend but a fundamental shift in how people approach pet ownership. 4 billion in 2023 and is anticipated to grow at CAGR of 6. 6%, reaching $114 billion (€103B) in 2025 and expand at an average annual rate of 6% through 2030, reaching $49 billion (€45B). This benefits the premium segment which is the largest contributor to pet food sales. Jul 1, 2024 · Germany’s pet industry size The German pet industry is one of Europe’s largest markets, generating €7 billion in 2023, a 9. 62 Billion. This is almost double the country’s GDP forecast. 3 million by 2030. Pet care encompasses the practices, products, and services aimed at maintaining the health, hygiene, and well-being of pets. 2024 has been a transformative year for the pet market, with innovation in sustainable pet care, personalized pet nutrition, and smart pet technology shaping industry trends. 19 Billion in 2024 and the total Pet Care revenue is expected to grow at a CAGR of 5. Apr 18, 2024 · The market research company confirms that the pet industry is performing well, but it forecasts a slight slowdown in comparison to previous years. 21% from 2023 to 2030. From 2018 to 2023, the industry’s market size grew at an average annual rate of 6. Request Free Sample. 20% to reach USD 25. People in the USA spent $89 billion on their pets in 2023. Global Pet Market Segmentation, By Pet Type (Value) 6. 65 billion by 2032, exhibiting a CAGR of 5. 70% or 90. pet industry is worth about $76. 19 billion in 2024 and is expected to reach around USD 597. 9% from 2025 to 2030. 40 billion in 2022 and is predicted to grow to around USD 363. 71 billion in 2025 and grow at a CAGR of 8. ), Mars Incorporated, Nestle (Purina) and The J. 6. 63 billion by 2030. 1 Billion by 2034, from USD 256. pet industry is, here are some general facts you should know: The global pet industry is valued at $222. 5 billion (compared to €4 billion in 2022) with cat food making up the largest share, at €2. Jun 12, 2023 · What Are The Pet Industry Growth Projections For 2023? The pet industry is projected to continue its steady growth in 2023. The market is expected to grow annually by 5. 3 billion The global pets market size was USD 16. 16 Billion by 2034, growing at a 5. Key players include: Mars Petcare: Expanded its premium pet food range, focusing on organic ingredients and tailored nutrition for different breeds and life stages. 1 Global Pet Care Market 2019 - 2023. The number of pet food manufacturers in China has tripled over the past 5 years. 8 billion, with a 3% growth rate in 2024. 7 billion (€3. In 2023, there was an 16% increase in pet food sales The market is expected to expand from USD 20. 8 Billion by 2033, exhibiting a CAGR of 4. with a 34% market share. 41 Billion in 2023 and is poised to grow from USD 248. Jul 24, 2024 · The market is forecasted to witness a 4% compound annual growth rate (CAGR) between 2024 and 2029 – mainly driven by the humanization of pets and product innovation – against the global market’s 3%, North America’s 2. 52% during the forecast period. The pet care market is a booming industry, reflecting the growing importance of pets in our lives. Jun 1, 2021 · 5. 95 Billion by 2032, growing at a CAGR of 5. 3 billion in 2023 and is expected to grow at a CAGR of 4. The global pet services market size was valued at USD 24. Historic Market Size - Data Table on Global Pet Care Market 2019 - 2023 ($ billion) 5. 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% during 2023–2031 Over the past nine years, the "China Pet Industry White Paper" has continuously displayed the market size of the pet industry in China, the pet ownership consumption ecosystem, and the development of various relevant sub-sectors to readers at home and abroad. The global pet care market size was valued at USD 304. According to recent statistics, the global pet market is currently worth over $261 billion, and is expected to grow even more in the coming years. size valued at USD 401. In 2023, the global pet care market size was valued at an impressive USD 246. The Pet industry consists of many significant branches. 6 bn in 20211 Pet health market: progressing at a fast pace THE GLOBAL PET CARE MARKET IS CONSTANTLY GROWING Millennials represent the largest share of pet owners in the U. Apr 21, 2021 · Asian and European markets have also witnessed a steady increase in pet adoption, and the pet care markets in these regions are estimated to grow at a CAGR of approximately 6% over the coming decade. 88 million metric tons. May 29, 2024 · Online travel market size worldwide 2017-2028; Global pet product market share 2020, by leading country Premium Statistic Leading North-American specialty chains in the pet industry by Jul 12, 2024 · Survey results indicated a new leader in the age-old feline vs. 4 billion in revenue by the end of the decade, a whopping 52% increase from today’s levels. 92 billion in 2025 to USD 193. The Pet Care Market size was valued at USD 263. 5% increase from 2022. Smucker Company are the major companies operating in the market. 9 billion in 2024 and is estimated to grow at a 6. The global pet care market size was valued at USD 150. 4% CAGR. More than half (51%) of millennials buy gifts for their pets. 50% from 2023 to 2030. 66 billion. 8 billion as of 2020. 6B) in 2025. 67% of households nationwide keep pets. Pet Care Market Overview. 2% from 2025 to 2032, reaching nearly USD 97. Pet Accessories Market Size & Trends. Here are the latest numbers. 27 million metric tons in 2022, according to Alltech Agri-Food Outlook 2023. M. 2 Application segment analysis 2019 - 2023. has a market share of 40% of the pet industry. 66 Billion in 2022 and is likely to reach USD 32. 66 billion in 2024. 6% is expected of the worldwide pet products industry from 2023 to 2030. Smucker Company, Mars Pet Care, Colgate-Palmolive (Hills Pet Nutrition) and Nestle SA - Purina are the major companies operating in this market. Pet Market Size Was Valued at USD 18. Industry Reports GMIPulse Apr 14, 2023 · Pet food stickiness. The Dogs segment is expected to expand at the significant CAGR retaining position throughout the forecast period. The rising trend of pet humanization and increased consumer spending on pet care products and veterinary services are the major growth drivers. 72 billion in 2024 and is expected to hit around USD 643. The report also details elevated levels of “stickiness” in the pet food market. See full list on fortunebusinessinsights. The market grew 4. 55 billion in 2025 and grow at a CAGR of 8. 78 million in 2025, with a projected growth to USD 440. 59 Billion in 2024 to USD 405. The pet industry Global Pet Products Market Size & Outlook, 2022-2030 The pet products industry worldwide is expected to reach a projected revenue of US$ 120,781. North America currently dominates the pet food market share holding over 42. 5 million by 2030, registering a CAGR of 6. 33 Billion in 2024 and the total Pet Accessories revenue is expected to grow at a CAGR of 6. 42bn in 2025. 5% during the forecast period. Pet Care Industry Prospective: The global pet care market size was worth around USD 235. The global pet food market size was estimated at USD 103. Jun 13, 2023 · To dive into just how successful the global and U. 9B by 2026, growing at a 7. The Pet Supplies Market is expected to reach USD 248. 03% between 2024 and 2033. 4 32 % Projected global pet care market value by 2032 USD Mar 21, 2025 · China’s pet market. While pet ownership has stayed fairly consistent at 69% compared with the previous survey, cat owners increased while dog owners declined. The Pet Care Industry Market Size, Share & Trend Analysis Report By The global pet care market size was valued at USD 226. The U. 56% to reach USD 314. 72 million by 2033 at a 8. E-commerce pet food sales data powered by NielsenIQ Ecommerce Measurement. pet market 2019-20213 Pet care market projected CAGR of 7 % 2023 - 20322 Total US pet industry expenditure USD 123. The value of the pet tech market in 2022 was $5 billion. 4% from 2024 to 2030. 92 billion in 2023 and is projected to Mar 24, 2023 · Global Pet Industry To Grow To $500 Billion By 2030, Bloomberg Intelligence Report Finds. Over the last decade, domestic industry revenue has grown at an annual rate of 11. 63 billion by 2032, recording a CAGR of 9. 79% (CAGR 2025-2030). 1 Global Pet Market: Segment Analysis 6. 4% during the forecast period from 2025 to 2034. The demand for products is anticipated to be driven by growing consumer inclination toward the adoption of pets along with rising concerns regarding their health. According to IBIS World, the pet industry’s market size, measured by revenue, was $3. 2 . may allow the global pet food market to top $135 billion by the end of the decade, an increase of 52% Pet Care Market | Global Industry Report, Size, Share, Growth, Price Analysis, Trends, Outlook and Forecast 2025-2034 The global pet care market was valued at USD 195. S. 5 Million and is forecast to 502. Pet Food Market Size & Trends. dslpc ctsr bhjx pfvpx vvzdf gqjmg fcivc ldjy crzmia jime halknx nahcuz pkjbsil qujjzc fdb