Dublin, June 18, 2024 (GLOBE NEWSWIRE) — The “Global Pet Care E-commerce Market Size, Share and Trends Analysis Report by Product (Food & Treats, Litter, Grooming, Pharmaceuticals), Animal Type (Dogs, Cats, Other Animals), Region, Segment Forecast, 2024-2030” report has been published. ResearchAndMarkets.com Recruitment.
The global pet care e-commerce market is expected to reach USD 149.21 billion by 2030, registering a CAGR of 7.64% during the forecast period. This growth can be attributed to technological advancements and rising adoption of these platforms, providing better e-commerce experience to users. The increasing popularity of e-commerce platforms has provided more options for customers to purchase pet care products, contributing to the growth of the market.
The global pet care e-commerce industry is witnessing a surge in the number of collaborations and strategic partnerships, including mergers, acquisitions, and investments, creating opportunities for market growth. For example, in January 2024, BARK, Inc. announced a retail agreement to sell new treats in approximately 1,300 stores starting in spring 2024, in addition to existing agreements in approximately 2,500 stores nationwide. The partnership was intended to increase awareness of BARK's consumables and support its strategic growth roadmap.
Some market participants are geographically expanding their existing businesses to capture a larger market share. For example, in August 2023, Kanine announced a strategic partnership with Myntra, a very popular e-commerce site in India. The partnership was aimed at expanding its market geographically and selling pet supplies. These measures will provide opportunities for the growing market.
Growing attention towards multi-protein diets for pets is expected to drive the growth of the pet care e-commerce industry. For instance, in December 2020, ZIWI Pets launched multi-protein pet treats and introduced a new range of regionally themed diet supplements for cats and dogs, containing five different animal proteins. The brand's East Cape, Otago Valley and Hauraki Plains formulas are part of its Provenance range, which offers dry kibble and wet canned alternatives for cats and dogs. These product launches are expected to increase the demand for pet food and treats, driving market growth.
The growth of e-commerce has given consumers greater access to a wide range of pet products. Online platforms such as Amazon, Pets at Home, and Zooplus offer a wide range of pet care brands, contributing to the growth of the market. Additionally, the rise of subscription services such as BarkBox, Chewy, and Pawsome Box has made it easier for pet owners to purchase pet care products on a regular basis. These services provide automatic delivery of items such as toys, treats, and grooming supplies, bringing convenience and savings to customers.
Pet Care E-commerce Market Report Highlights
- Based on product type, the food and treats segment was to account for the largest revenue share of 38.76% in 2023. This is attributed to the increasing concern of pet owners towards their pets' health. With the increasing concern over pets' health, pet owners are turning towards healthy food alternatives using natural ingredients to provide a healthy diet for their pets.
- In 2023, the dog segment held the largest market share across pet types.
- North America dominated the global market with a revenue share of 40.21% in 2023. This growth is attributed to the high rate of pet ownership in the region and access to e-commerce platforms. North America has one of the highest pet populations in the world, which has led to an increased demand for pet care products.
- Asia Pacific is expected to register the fastest CAGR during the forecast period, owing to increasing pet ownership rate, growing awareness towards pet care, and the widespread trend towards humanizing pets.
Key attributes:
| Report Attributes | detail |
| number of pages | 157 |
| Forecast Period | 2023 – 2030 |
| Estimated market value in 2023 (USD) | $90.23 billion |
| Market value forecast to 2030 (USD) | $149.21 billion |
| Compound Annual Growth Rate | 7.6% |
| Target area | global |
Key topics:
Chapter 1. Methodology and Scope
Chapter 2 Overview
2.1. Market outlook
2.2. Outlook by segment
2.3. Competitive Insights
Chapter 3 Pet Care E-commerce Industry Outlook
3.1. Market System Outlook
3.2. Market Trends
3.2.1. Market Driver Analysis
3.2.1.1. Pet ownership is on the rise worldwide
3.2.1.2. Rapid technological progress
3.2.1.3. Increased access to e-commerce platforms
3.2.2. Market restraint analysis
3.2.2.1. Growing concerns about food quality
3.2.3. Market Opportunity Analysis
3.2.4. Market Issue Analysis
3.3. Pet Care E-commerce Market Analysis Tools
Chapter 4. Pet Care E-commerce Market: Species-specific Estimation and Trend Analysis
4.1. Segment Dashboard
4.2. Global pet care e-commerce market: Trend analysis by animal type
4.3. Global Pet Care E-commerce Market Size and Trend Analysis, By Animal Species, 2018-2030 (USD Million)
Dogs
Cat
4.6. Other animals
Chapter 5. Pet Care E-commerce Market: Product Type Estimation and Trend Analysis
5.1. Segment Dashboard
5.2. Global Pet Care E-commerce Market: Product Type Trends Analysis
5.3. Global Pet Care E-commerce Market Size and Trend Analysis, by Product Type, 2018-2030 (USD Million)
5.3.1. Food and Snacks
5.3.2. Waste products
5.3.3. Grooming products
5.3.4. Fashion, toys and accessories
5.3.5. Pharmaceuticals
Supplements
Chapter 6 Pet Care E-commerce Market: Regional Estimates and Trend Analysis
6.1. Regional Dashboard
6.2. Pet Care E-commerce Market Share, by Region, 2023 and 2030 (USD Million)
Chapter 7 Competitive Environment
7.1. Classification of Market Participants
7.2. Company Market Position Analysis/Heap Map Analysis
7.3. Company Profile
- Amazon
- Chewy Corporation
- PetSmart Inc.
- Petco Health and Wellness Company
- ZooPlus SE
- Smart Pack Horses
- Walmart
- bark
- Target Brands
- Alibaba
For more information on this report, visit: https://www.researchandmarkets.com/r/bf42lf
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Global Pet Care E-commerce Market
