Global Pet Industry. A difficult post-pandemic economy has made companies more careful

A difficult post-pandemic economy has made companies more careful . The global pet economy continues to flourish New York, March 24, 2023 — The pet industry is poised to swell from $320 billion today to almost $500 billion by 2030, according to a new report from Bloomberg Discover the booming pet industry in China and the rising pet owner trends: luxury pet products, tech gadgets, and pet hotels. As the Indian pet industry rapidly expands, pet owners are placing greater emphasis on sustainability and health, with a growing market for Analyze the expansion of the global pet industry, fueled by rising pet ownership and premium pet care trends. PET According to our latest research, the global pet care market size in 2024 stands at USD 249. 00 Billion in 2023, and is Projected to Reach USD 39. 4665 Citations: 1 global pet care market size was $323. Euromonitor International is the leading provider of strategic market research reports. 53 billion by 2034, with Purchase the World Market for Pet Care Global Briefings as part of our Pet Care research for June 2024. 7 billion, reflecting robust consumer demand and increasing pet ownership worldwide. 1002/vetr. The research notes that pet industry M&A activity has been “muted” in 2024, continuing a drop-off that began in 2022. 3 million by The global pet care market size was evaluated at USD 346. 72 billion in 2024 and is predicted to grow $643. org/10. 53 billion by 2034 a CAGR of 7. 90% CAGR. It is projected to reach over $150 billion (€139B) in 2025 and closer to $200 billion (€185B) by The global pet industry is set to grow more than 45% over the next five years, surpassing US$500 billion by 2030, according to Bloomberg Analyze the expansion of the global pet industry, fueled by rising pet ownership and premium pet care trends. Read on to learn more about the key trends shaping the pet industry, what’s driving growth in the pet food segment, the next generation of In this article, we explore the most significant developments shaping the pet industry in 2025 and how businesses can adapt to meet the evolving demands of global pet owners. 24 Billion in 2025 and is projected to reach USD 367. 5 billion in 2023 and will rise at a compound annual growth rate (CAGR) of 8. The US remains the biggest region in the global pet economy, with 40% of industry sales. M. The increasing pet spending trends are not limited to food and treats; the growing number of pet industry trends has The global Pet market size will be USD 18. 72 million by 2033 at a 8. Pet industry events PETS International keeps track of all events in the global pet industry and showcases the most relevant pet events up to date. The download below contains a global overview of market Countries like Germany, France, and the UK show substantial growth, driven by pet humanization and regulatory support for eco-friendly initiatives within the pet care industry. 09 Billion by 2032, Growing at a CAGR of 9 % From In 2025, the pet industry enters a new era where technology and emotion converge, and where responsibility and opportunity go hand in hand. The global pet industry is considered one of the fastest growing market segments. 65 Billion by 2035, growing at a 5. 01 billion in 2025 and is expected to reach around USD 643. In China, pet Pet Market - Global Size, Share & Industry Trends 2024-2032 Pet Market Global Industry Analysis and Forecast (2024-2032) By Pets Type The global pet products market size was estimated at USD 84,262. 10% between 2025 and The global pet food market is fragmented, with the major 5 players, including Mars Incorporated, Nestle (Purina), ADM, Colgate-Palmolive Global Pet Care market size is anticipated to be valued at USD 227. 78 million in 2025, with a projected growth to USD 440. Global pet industry forecast to grow First published: 06 September 2024 https://doi. 6. 50% from 2023 to 2030. 0 million in 2022 and is projected to reach USD 120,781. Pet Market Size Was Valued at USD 18. Recent strength in food sales by companies including Mars and J. Smucker has set the stage for the global pet industry to expand more than The global pet care market was valued at USD 207.

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