Global Pet Care Retail Values to Grow by above 2% in 2012, Expects Euromonitor International
05 Oct 2012 • by Natalie Aster
Times are getting tough, again. Despite renewed economic uncertainty, the global pet care market continues to grow in 2012, with retail values approaching US$94 billion. Sales are set to continue growing between 2012 and 2017, due to the strength of pet humanisation and emerging markets. However, retail value prospects have been downgraded compared to previous forecasts.
Global pet care retail values in 2012 should increase at their fastest rate since 2009, growing at more than 2%. This comes despite mounting economic concerns in the Euro-zone and political instability in several emerging markets.
Emerging markets should continue posting the fastest growth, outperforming global retail sales. Increasing consumer affluence, especially in Brazil and Argentina, will drive sales in markets where the prepared gap remains low.
Euromonitor International’s preceding pet care research forecasts the global pet care market to grow by 15% in real terms over 2011-2016. The latest research “Pet Care Forecast Revisit 2012: How Resilient Is the Global Market?” indicates that these forecasts are still holding up, with gains of some 14% now predicted over this period.
Pet Care Forecast Revisit 2012: How Resilient Is the Global Market?
Published: September, 2012
Price: US$ 2.000,00
Product coverage: Pet Food, Pet Products.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
- Get a detailed picture of the Pet Care market;
- Pinpoint growth sectors and identify factors driving change;
- Understand the competitive environment, the market’s major players and leading brands;
- Use five-year forecasts to assess how the market is predicted to develop.
More information can be found in the report “Pet Care Forecast Revisit 2012: How Resilient Is the Global Market?” by Euromonitor International.
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