Global E-Commerce Pet Care Market Report to 2027 – Featuring PetSmart, Walmart, Chewy, and Petco Animal Supplies, Among Others – ResearchAndMarkets.com

DUBLIN–()–The “Global Pet Care E-Commerce Market – Forecast 2022 to 2027” report has been added to from ResearchAndMarkets.com offer.

The global pet care e-commerce market was valued at US$38.366 Billion in 2020 and will grow at a CAGR of 12.49% to reach a market value of US$87.433 Billion in 2027.

The growing adoption of pets globally is the major driver of the global pet care e-commerce market. Rising disposable incomes and living standards encourage people to own expensive pets. Thus, spending on companion animal welfare is also increasing across the globe.

With increasing internet penetration and the proliferation of smartphones, the burgeoning e-commerce industry offers pet care product owners the opportunity to sell their products online and expand their market reach. . Thus, increasing internet penetration and growing population of tech-savvy pet owners are also significantly driving the growth of the global pet care e-commerce market.

Additionally, the growing number of companies offering various online pet care services further intensifies the competition in the industry, thus driving the growth of the global pet care e-commerce market. In June 2019, Rover launched an in-home pet grooming service to increase its share in the pet care industry. An increased number of pet owners purchasing insurance policies for their pets is further driving the growth of the market. In 2018, Petco announced the acquisition of leading pet insurance marketplace – PetInsuranceQuotes.com – to help pet owners find the right insurance plan for their pets.

The recent COVID-19 pandemic outbreak has positively impacted the growth of the global pet care e-commerce market. Nationwide lockdowns and mandatory social distancing measures have shifted pet owners’ shopping preference from regular offline stores to online stores. With many brick-and-mortar pet stores closing due to the pandemic, e-commerce market players have seen record sales growth. Chewy.com, for example, saw a 46.2% increase in sales to $1.62 billion, and the company sold more than $1 billion through its autoship program for the first time.

The dog segment holds the major share of the market.

By pet type, the global pet care e-commerce market has been segmented into dogs, cats, and others. The pet care e-commerce market in the dog segment accounts for the largest market share throughout the forecast period. Dogs are the most loved and popular pets because of their loyal behavior and their emotions towards humans. People adopt dogs as pets to reduce their depression and stress.

According to the Pet Food Manufacturers’ Association (PFMA) 2018 report, 6.6 million households in the UK own a dog, compared to just 5 million UK households who own a cat as a pet. However, the cat segment is expected to witness a considerable compound annual growth rate during the forecast period. Indeed, many people adopt cats because they are relatively low maintenance, require less veterinary care, and require less training.

Europe is the leading e-commerce market for pet care.

The global pet care e-commerce market has been segmented into five major regional markets: North America, South America, Europe, Middle East and Africa (MEA) and Asia-Pacific (APAC). North America accounted for a major share of the global pet care e-commerce market in 2019 and is expected to grow at a decent CAGR over the forecast period. A growing number of pet owners in countries like the United States and Canada is the major driver for the growth of this regional market.

The presence of a well-established e-commerce industry associated with major market players is also contributing to the growth of the pet care e-commerce market in this region. With the increase in spending on pet welfare, the demand for pet care e-commerce services is increasing rapidly, which is positively impacting the growth of the market.

According to the American Pet Products Association (APPA), total US pet industry spending is expected to reach US$99 billion by 2020, up from US$90.5 billion in 2018. Pacific (AAPC) is expected to show lucrative growth between 2019 and 2025 owing to the increasing number of pet owners in APAC countries with an increase in disposable income and living standards. Growing awareness among pet owners about the good health of their pets, supported by the booming e-commerce industry, will continue to drive the growth of this regional market during the forecast period.

Market segmentation :

By type of animal

By product

  • Pet grooming

  • pet food

  • Medications

By geography

  • North America

  • UNITED STATES

  • Canada

  • Mexico

  • South America

  • Brazil

  • Argentina

  • Europe

  • UK

  • Germany

  • France

  • Netherlands

  • Italy

  • Ireland

  • Middle East and Africa

  • Saudi Arabia

  • United Arab Emirates

  • Israel

  • Asia Pacific

  • China

  • Japan

  • South Korea

  • India

  • Thailand

  • Taiwan

  • Indonesia

Companies cited

  • Pet Smart Inc.

  • Amazon.com, Inc.

  • Walmart Inc.

  • Chewy, Inc.

  • Petco Animal Supplies, Inc.

  • Pet Med Express, Inc.

  • bark box

  • Dover Saddlery, Inc.

  • Oliver Pet Care Solutions Pvt. ltd.

  • PETstock

  • Nestle

For more information on this report, visit https://www.researchandmarkets.com/r/kop3y3