Report Highlights
The U.S. market for pet care products and services totaled nearly $56.4 billion in 2014. This market is projected to approach $61.4 billion in 2015 and $69.4 billion by 2020, registering a compound annual growth rate (CAGR) of 2.5% through 2020.
Report Includes
- An overview of the global pet industry, specifically pet food, accessories, health products, and services.
- Analyses of global market trends, with data from 2014, estimates for 2015, and projections of compound annual growth rates (CAGRs) through 2020.
- A look at key export markets for the U.S. pet industry.
- Analysis of the market's dynamics, specifically growth drivers, inhibitors, and opportunities.
- Evaluation of increasing international markets and their impact on U.S. manufacturers and retailers.
- Profiles of major players in the industry.
Report Scope
This report covers the market for pet food, pet services, and pet supplies in the U.S. and analyzes major foreign markets for U.S. pet products. The report is divided into the following eight sections:
- Introduction
- Summary
- Pets and Their Owners
- Pet Industry Overview
- Pet Food Segment
- Pet Services Segment
- Pet Supplies Segment
- International Aspects
In addition, the report contains an appendix listing the major trade and professional organizations that are concerned with the pet care industry in the United States and selected foreign markets.
Analyst Credentials
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
Report Highlights
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In 2008, Americans spent more than $43.7 billion on pet supplies and services. This figure is projected to approach $46 billion in 2009 and $56.5 billion by 2014, a compound annual growth rate (CAGR) of 4.2% from 2009 through 2014.
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Pet food is the largest segment of the market, with sales of $19 billion in 2009. While market share is expected to slip to less than 41% by 2014, the market value of pet food products will increase to $23 billion in 2014, a compound annual growth rate (CAGR) of 3.8%.
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Nonfood pet supplies make up the fastest-growing segment of the market, with a projected compound annual growth rate (CAGR) of 6.4% over the next 5 years. This segment was valued at $11.3 billion in 2009 and in expected to reach $15.3 billion by 2014.
Report Highlights
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In 2005, Americans spent over $35 billion on pet supplies and services. This figure is projected to approach $37 billion in 2006 and surpass $43 billion by 2011, an average annual growth rate (AAGR) of 3.4% from through 2011.
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Pet food is the largest segment of the market, with sales of $14.7 billion (42% of the total market) in 2005. Sales of pet food are projected to increase at a slightly slower rate than the market as a whole, and as a result their market share is expected to slip to less than 41% by 2011.
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Non-food pet supplies such as litter, toys and over-the-counter medicines) are the fastest-growing segment of the market, with a projected AAGR of 6.1% over the next five years. As a result, non-food pet supplies' share of the market is projected to grow from 25% in 2005 to 27% in 2011.
Report Highlights
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In 2003, Americans spent nearly $30 billion on their pets. Growing at an average annual rate (AAGR) of 3.9%, the market for pet care will reach almost $36.3 billion by 2008.
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Pet foods, growing at an AAGR of 3.6% through 2008, will remain the largest segment, representing about 46% of the market.
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Veterinary services will demonstrate the fastest growth at an AAGR of 4.7% through 2008, and the segment will increase from $7.8 billion in 2003 to $9.8 billion.
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Expenditures on other pet services, such as grooming, training, breeding and pet sitting, will grow more slowly, at an AAGR of 3.4% to $2.7 billion in 2008.
Report Highlights
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In 2000, Americans were expected to spend over $27 billion on their pets. Growing at an average annual rate (AAGR) of 4.3%, this market will reach $33.5 billion in 2005. These expenditures included $12.8 billion spent on pet food, about $9 billion spent on pet services and over $5 billion spent on pet supplies
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Pet foods, growing at an AAGR of 4.2% through the period, will remain the largest segment, representing over 47% of the market. Veterinary services will grow at an AAGR of 4.5% through 2005, from $7 billion in 2000 to nearly $8.8 billion. Expenditures on pet supplies is the fastest growing, at an AAGR of 5%.
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Exports of U.S. produced pet products will grow at an AAGR of 4.8% to nearly $1 billion in 2005.
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The pet industry is expected to grow at 4.3% annually to reach $33.5 billion by the year 2005, with pet supplies leading the growth.
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