Pet Care Market Canvassed in New Euromonitor International Report Now Available at MarketPublishers.com25 Nov 2014 • by Natalie Aster
LONDON - Growing middle class in urban areas has led to further westernization of local consumers thus contributing to the growth of pet care sales across emerging markets. At present, the USA and the UK are the largest markets for pet care products, with Brazil lagging behind.
Eastern European and Latin American countries lead in terms of pet ownership rates. In the meantime, the number of dog owners is relatively low across Muslim countries due to cultural factors. The dog and cat food segment demonstrates swift growth, supported by a rise in demand and the spread of modern retail formats.
Unfavorable conditions in Russia and Brazil due to economic slowdown in the countries as well as unrest in Ukraine may constrain sales of pet care products. However, such markets as Peru, Poland, India and China are expected to remain attractive.
If compared to other BRIC markets, India has the highest growth potential. Over the long term, such markets as Pakistan, Kenya and Peru are poised to show considerable growth as well.
New market research report “Where Will Growth Come From? Emerging Markets in Pet Care” drawn up by Euromonitor International Ltd offers a comprehensive discussion of the global pet care market.
The study contains a bird’s eye view of the market; highlights its development trends; offers background information on pet ownership by household and pet population, among others. It provides a detailed insight into the market drivers; delves deep into the burning issues and the competitive environment. The report uncovers data on brands, leading companies and emerging players. Distribution data and future market outlook can be found in the research study.
Where Will Growth Come From? Emerging Markets in Pet Care
Published: November, 2014
Price: US$ 1,200.00
More Pet Care Market Studies by Euromonitor Include:
More in-demand research reports by the publisher can be found at Euromonitor page.