What is Pet Shops - Global Market?
The global market for pet shops is a dynamic and expanding sector that caters to the diverse needs of pet owners worldwide. This market encompasses a wide range of products and services, including live pets, pet food, accessories, grooming, and veterinary care. As of 2023, the market was valued at approximately US$ 5036.9 million and is projected to grow significantly, reaching an estimated US$ 7098.9 million by 2030. This growth is driven by a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2024 to 2030. The increasing trend of pet ownership, coupled with the rising awareness of pet health and wellness, fuels this market's expansion. Pet shops play a crucial role in providing essential products and services that enhance the quality of life for pets and their owners. They offer a convenient one-stop solution for pet care needs, making them an integral part of the pet industry. The market's growth is also supported by innovations in pet products and services, catering to the evolving preferences of pet owners. As the demand for high-quality pet care continues to rise, the global pet shop market is poised for sustained growth and development.
Live Pets, Pet Treats, Others in the Pet Shops - Global Market:
In the realm of pet shops, the offerings are diverse, catering to the varied needs of pet owners. Live pets are a significant component of this market, providing individuals with the opportunity to bring home a new companion. Pet shops offer a wide range of live animals, including dogs, cats, birds, fish, reptiles, and small mammals like hamsters and guinea pigs. These establishments ensure that the animals are healthy and well-cared for, often providing information and guidance to prospective pet owners on proper care and maintenance. The sale of live pets is a sensitive area, requiring adherence to ethical standards and regulations to ensure the welfare of the animals. Pet treats are another essential segment within pet shops, offering a variety of snacks and rewards for pets. These treats are not only a way to pamper pets but also serve as tools for training and reinforcing positive behavior. The market for pet treats has seen significant innovation, with options ranging from natural and organic treats to those catering to specific dietary needs or health conditions. Pet owners are increasingly seeking high-quality, nutritious treats that contribute to their pets' overall well-being. In addition to live pets and treats, pet shops offer a plethora of other products and services. This includes pet food, which is a staple purchase for any pet owner. The pet food market is vast, with options tailored to different species, breeds, and life stages. From dry kibble to wet food and raw diets, pet shops provide a comprehensive selection to meet the dietary needs of various pets. Accessories such as collars, leashes, toys, and bedding are also available, enhancing the comfort and enjoyment of pets. Grooming services offered by pet shops cater to the hygiene and aesthetic needs of pets, ensuring they look and feel their best. Veterinary services, including routine check-ups and emergency care, are often available in larger pet shop chains, providing a convenient solution for pet health needs. The global pet shop market is characterized by its adaptability and responsiveness to consumer demands, continually evolving to offer innovative products and services that enhance the pet ownership experience.
Exclusive Management, Franchise Stores in the Pet Shops - Global Market:
The usage of pet shops in the global market extends to various business models, including exclusive management and franchise stores. Exclusive management refers to pet shops that are independently owned and operated, often by individuals or small business owners with a passion for pets. These shops offer a personalized shopping experience, with owners and staff who are knowledgeable and dedicated to providing excellent customer service. Exclusive management pet shops often focus on niche markets, offering specialized products and services that cater to specific pet needs or preferences. They may also emphasize ethical sourcing and sustainability, appealing to environmentally conscious consumers. Franchise stores, on the other hand, are part of larger chains that operate under a unified brand and business model. These stores benefit from the brand recognition and marketing support provided by the parent company, allowing them to reach a broader customer base. Franchise pet shops offer a standardized shopping experience, with consistent product offerings and services across different locations. This model allows for economies of scale, enabling franchise stores to offer competitive pricing and promotions. Franchise stores often have access to extensive resources and training programs, ensuring that staff are well-equipped to meet customer needs. Both exclusive management and franchise stores play a vital role in the global pet shop market, each offering unique advantages to consumers. Exclusive management stores provide a personalized touch and specialized offerings, while franchise stores offer convenience and consistency. Together, they contribute to the diverse landscape of the pet shop market, catering to the varied preferences and needs of pet owners worldwide. As the market continues to grow, both models are likely to evolve, incorporating new trends and innovations to enhance the pet shopping experience.
Pet Shops - Global Market Outlook:
The global market for pet shops was valued at approximately US$ 5036.9 million in 2023 and is anticipated to grow to a revised size of US$ 7098.9 million by 2030, reflecting a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2024 to 2030. Within the broader pet industry, pet medical care emerges as the second-largest segment, underscoring the importance of health and wellness in pet ownership. In the United Kingdom, annual spending on veterinary and other pet services has seen a significant increase, rising from £2.6 billion in 2015 to £4 billion in 2021, marking a 54% growth over six years. This trend highlights the growing emphasis on pet health and the willingness of pet owners to invest in quality care. According to Vetnosis, the global animal health industry was valued at $38.3 billion in 2021, reflecting a 12% increase. In China, the pet medical market is substantial, with a market size of approximately 67.5 billion yuan, accounting for about 22.5% of the entire pet industry, as reported in the 2022 China Pet Medical Industry White Paper. These figures illustrate the robust growth and potential of the pet medical segment within the global pet shop market, driven by increasing awareness and demand for comprehensive pet care solutions.
| Report Metric | Details |
| Report Name | Pet Shops - Market |
| Forecasted market size in 2030 | US$ 7098.9 million |
| CAGR | 5.2% |
| Forecasted years | 2024 - 2030 |
| Segment by Type: |
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| Segment by Application |
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| By Region |
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| By Company | PETSMART, PETCO, PET VALU, PET SUPPLIES PLUS, PETSENSE, PETLAND, WOOF GANG BAKERY, HOLLYWOOD FEED, UNLEASHED BY PETCO, MONDOU, PET PLANET, PET PEOPLE, MUD BAY, PET DEPOT, CONCORD PET, PETKIT Network Technology, TYGRIN, Beijing Leepet, Beijing HaoTang, Shenzhen Zhuazhua, Wuhu Brgon, Shanghai Chong'er, Guangzhou Yourpet, Beijing Petdog, Beijing Wangshidai |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
