New Reports on Pet Care Market Now Available at MarketPublishers.com
19 May 2021 • by Natalie Aster
LONDON – Market Publishers announces that a lot of new insightful reports covering various sectors of the animal care market have been recently added at MarketPublishers.com. These reports present access to important data and statistics on the performance of the examined markets, touch upon the historical and current market scenarios, uncover information on the competitive landscape and leading market participants, discuss the prevailing and emerging trends, identify the key growth engines and restrains, and provide future forecasts. Here are some of the insightful studies on the animal care market recently added at MarketPublishers.com:
Companion Animal Pharmaceuticals Market
The world’s market for companion animal pharmaceuticals is predicted to increase at a CAGR of 7.6% through 2026, encouraged by an upturn in companion animal ownership worldwide, rising spending on pets, enhancing emphasis on animal healthcare and vaccination, mounting demand for animal healthcare products backed by the increasing prevalence of zoonotic diseases, and the growing number of veterinary practitioners. In value terms, the global market for companion animal pharmaceuticals is slated to grow from USD 12.8 billion in 2021 to USD 18.5 billion in 2026. The dermatologic diseases segment is expected to exhibit the highest CAGR in the companion animal pharmaceuticals market during the forecast period…
The worldwide pet food market value is set to cross USD 118.8 billion in the year 2025, registering healthy growth at a 5.4% CAGR in the next 4 years. Factors such as the increasing pet ownership, rapid urbanization, improving consumer confidence index, soaring pet humanization trend, and rising popularity of raw pet food are expected to drive the market growth during 2021-2025. However, the growth of this industry may be hindered by the fiercening competition in the market and retail consolidations. North America is the fastest-growing regional market for pet food due to improving economic conditions, rising adoption of stray pets, enhancing awareness of pet foods with high nutritional benefits among the population, and the increasing purchase rate of raw dog treats by the urban population…
The global pet care market is slated to continue gaining momentum in 2021, encouraged by the increasing pet ownership in developed countries, enhancing awareness of pets in emerging countries baked by sustainable economic growth, and soaring premiumisation and pet humanization trends. E-commerce channels have demonstrated sizeable growth during the pandemic and grabbed the biggest share of overall sales of pet products last year; this trend is expected to continue this year. North America is predicted to stay in the lead as the largest regional market for pet care, with the US leading in per capita spending on pet care products worldwide. The dog food segment is anticipated to maintain the dominant share of the overall pet care market during 2021…
The global animal vaccines market is slated to amount to USD 16.1 billion in terms of value by the year 2028, exhibiting growth at a 7.4% CAGR in the next 7 years. Rising concerns regarding food security and increasing animal husbandry will likely act as the major factors boosting the demand for vaccines for the livestock population. Furthermore, the mounting demand for animal products, such as milk, chicken, eggs, and meat, is also expected to encourage farmers to adopt vaccinations for their livestock to gain higher profitability. attenuated vaccines commanded the largest share of the overall market in 2020 as a result of the benefits such as improved effectiveness and enhanced long-term prevention…
To find many other comprehensive studies covering the pet care market, please, look through our Pet Products Market Catalogue.
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