US Pet Market (Pet Food, Veterinary Products & Services and Pet Supplies): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

November 2022 | 61 pages | ID: U40D6C781286EN
Koncept Analytics

Abstracts

The US pet market is anticipated to reach US$135.2 billion in 2026, experiencing growth at a CAGR of 3.50% for the period spanning 2022-2026. The market growth was driven by various factors such as rise in millennial population, growing adoption of e-commerce in pet care products and increasing share of single-person households. Furthermore, growth in the US pet market is expected to happen due to the surging adoption of veterinary telehealth and innovation of newer product categories. The market growth is likely to get disrupted due to pet food shortage.

The US pet market by category can be segmented as follows: pet food; veterinary products & services; pet supplies (products & OTC medicine) and other services. In 2021, the dominant share of market was held by pet food segment, followed by veterinary products & services segment.

The US pet market by distribution channel can be segmented into the following categories: online retail stores, specialty stores and supermarkets/hypermarkets. In 2021, the market was dominated by online retail stores segment. This was followed by specialty stores and supermarkets/hypermarkets segment.

Scope of the report:

• The report provides a comprehensive analysis of the US pet market with potential impact of COVID-19.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
• The company profiles of leading players (General Mills, The J.M. Smucker Company, Petco Health & Wellness Company, Spectrum Brands, Colgate Palmolive and Mars, Inc.) are also presented in detail.

Key Target Audience:

• Pet Products/Food Manufacturers
• Raw Material Providers
• End Users (Businesses/Consumers)
• Investment Banks
• Government Bodies & Regulating Authorities

Contents

1. MARKET OVERVIEW

1.1 Pet - Introduction
1.2 Domesticated Pets
1.3 Wild Pets
1.4 Positive Impacts of Owning a Pet
1.5 Negative Impacts of Owning a Pet

2. IMPACT OF COVID-19

2.1 COVID-19: Overview
2.2 COVID-19 and Adoption of Domestic Pets
2.3 Impact on Pet Adoption Rate
2.4 Impact of Coronavirus on Pet E-Commerce

3. MARKET ANALYSIS

3.1 The US Pet Market by Value
3.2 The US Pet Market Forecast by Value
3.3 The US Pet Market by Category
  3.3.1 The US Pet Food Market by Value
  3.3.2 The US Pet Food Market Forecast by Value
  3.3.3 The US Pet Veterinary Products & Services Market by Value
  3.3.4 The US Pet Veterinary Products & Services Market Forecast by Value
  3.3.5 The US Pet Supplies (Products & OTC Medicine) Market by Value
  3.3.6 The US Pet Supplies (Products & OTC Medicine) Market Forecast by Value
  3.3.7 The US Pet Other Market by Value
  3.3.8 The US Pet Other Market Forecast by Value
3.4 The US Pet Market by Distribution Channel
  3.4.1 The US Pet Online Retail Stores Market by Value
  3.4.2 The US Pet Online Retail Stores Market Forecast by Value
  3.4.3 The US Pet Specialty Stores Market by Value
  3.4.4 The US Pet Specialty Stores Market Forecast by Value
  3.4.5 The US Pet Supermarkets/Hypermarkets Market by Value
  3.4.6 The US Pet Supermarkets/Hypermarkets Market Forecast by Value
  3.4.7 The US Pet Other Distribution Channel Market by Value
  3.4.8 The US Pet Other Distribution Channel Market Forecast by Value

4. MARKET DYNAMICS

4.1 Growth Drivers
  4.1.1 Upsurge in Millennial Population
  4.1.2 Increasing Personal Disposable Income
  4.1.3 Increasing Adoption of E-commerce in Pet Care Products
  4.1.4 Rising Share of Single-Person Households
4.2 Key Trends & Developments
  4.2.1 Surging Adoption of Veterinary Telehealth
  4.2.2 Growing Inclusion of Internet of Things (IoT) in Pet Care
  4.2.3 Innovation of New Product Categories
  4.2.4 Rising Incorporation of Grain-Inclusive & Limited-Ingredient Recipes
4.3 Challenges
  4.3.1 Pet Food Shortage

5. COMPANY PROFILES

5.1 Spectrum Brands (United Pet Group)
  5.1.1 Business Overview
5.2 General Mills (Blue Buffalo)
  5.2.1 Business Overview
5.3 Colgate Palmolive
  5.3.1 Business Overview
5.4 Petco Health & Wellness Company, Inc.
  5.4.1 Business Overview
5.5 The J.M. Smucker Company
  5.5.1 Business Overview
5.6 Mars Inc.
  5.6.1 Business Overview

List Of Charts

LIST OF CHARTS

Common Categories of Pets
Classification of Domesticated Pets
The US Pet Adoption Rate (2019 & 2020)
The US Pet Market by Value (2017-2021)
The US Pet Market Forecast by Value (2022-2026)
The US Pet Market by Category (2021)
The US Pet Food Market by Value (2017-2021)
The US Pet Food Market Forecast by Value (2022-2026)
The US Pet Veterinary Products & Services Market by Value (2017-2021)
The US Pet Veterinary Products & Services Market Forecast by Value (2022-2026)
The US Pet Supplies (Products & OTC Medicine) Market by Value (2017-2021)
The US Pet Supplies (Products & OTC Medicine) Market Forecast by Value (2022-2026)
The US Pet Other Market by Value (2017-2021)
The US Pet Other Market Forecast by Value (2022-2026)
The US Pet Market by Distribution Channel (2021)
The US Pet Online Retail Stores Market by Value (2017-2021)
The US Pet Online Retail Stores Market Forecast by Value (2022-2026)
The US Pet Specialty Stores Market by Value (2017-2021)
The US Pet Specialty Stores Market Forecast by Value (2022-2026)
The US Pet Supermarkets/Hypermarkets Market by Value (2017-2021)
The US Pet Supermarkets/Hypermarkets Market Forecast by Value (2022-2026)
The US Pet Other Distribution Channel Market by Value (2017-2021)
The US Pet Other Distribution Channel Market Forecast by Value (2022-2026)
The US Millennial Population (2019-2027)
The US Personal Disposable Income (2017-2021)
The US Households Buying Pet Products Online (% Change) (2017-2021)
The US Single-Person Households (2017-2021)
The US Veterinary Telehealth Market (2016-2022)
The US Pet Wearable Market (2016-2022)

List Of Tables

LIST OF TABLES

Spectrum Brands Segment Description