Pet Care Market size is set to grow by USD 72.82 bn from 2023-2027, increasing pet ownership to boost the market growth, Technavio
This prevailing trend of heightened pet ownership is anticipated to persist, thereby sustaining the expansion of the market as owners continue to invest in pet-care products and services.
- This prevailing trend of heightened pet ownership is anticipated to persist, thereby sustaining the expansion of the market as owners continue to invest in pet-care products and services.
- Facilitating this trend is the evolving landscape of societal attitudes towards pet ownership, characterized by a growing acceptance and accommodation of pets within residential and occupational settings.
- The pet care market experiences intense competition due to the proliferation of e-commerce platforms, enabling new players to enter and challenge established brands.
- The proliferation of e-commerce platforms emerges as the primary driver behind the escalation of competition within the global market.