The Pet Care Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.
According to this study, over the next five years the Pet Care market will register a 8.9% CAGR in terms of revenue, the global market size will reach $ 196170 million by 2025, from $ 139370 million in 2019.
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COMPANIES COVERED (SALES, PRICE, REVENUE, VOLUME, GROSS MARGIN AND MARKET SHARE)- Mars, Total Alimentos, Nestle, Hill’s Pet Nutrition, Blue Buffalo, JM Smucker, Heristo, Unicharm, Thai Union Group, Deuerer, Empresas Carozzi and Other.
Mars Petcare Launches One of the Largest Tech-Enabled Pet Health Studies Seeking to Uncover Early Signs of Illness
COLLEGE STATION, TX — April 5, 2018 — Today at the North American Veterinary Community (NAVC) and Texas A&M University’s Veterinary Innovation Summit, Mars Petcare announced the launch of Pet Insight Project, a three-year study of more than 200,000 dogs across the United States to uncover important links between pet activity, behavior and health.
Through its leading pet tracker business, Whistle™, and high-quality veterinary care practice Banfield Pet Hospital™, Mars Petcare is looking to discover groundbreaking insights to enable a new era of proactive, preventive care for pets. Using machine learning, rich data science and deep veterinary expertise, the aim of the longitudinal study is to better understand when behavior may signal a change in a pet’s health and make it possible for pet owners to better partner with their veterinarian on treatment. The study will continuously capture behavior data from hundreds of thousands of participating pets and correlate that information with repeat wellness visits.
“Innovative projects like Pet Insight Project are exactly what this industry needs to drive care forward,” said Tom Bohn, Chief Executive Officer of the NAVC. “Technology and big data are powerful tools that could radically alter how we deliver veterinary care. This notion of transforming veterinary medicine is the driving force behind NAVC’s Veterinary Innovation Council and the Veterinary Innovation Summit, and resonates strongly with our Summit attendees working hard to transform pet health.”
Mars Petcare expects sales to jump 30% this year as lockdown pushes pet adoption
Nov 13, 2020: – The largest pet food brand Mars Petcare, which controls over half the Rs 2,500-crore market, expects close to 30 per cent growth this year, driven by the lockdown that has increased adoption of pets. The domestic manufactured pet food market is only 5-6 per cent of the Rs 2,500 crore market catering to 2.5 crore pet dogs and 4.5 million cats. But this has the potential to grow over 20 times, says Ganesh Ramani, general manager of Mars Petcare India.
The market has been growing at around 15 per cent before the lockdown but is now growing at 18-20 per cent, while Mars expects 28-30 per cent growth this year, Ramani told. The Hyderabad-based company closed 2019 with a turnover of over Rs 1,000 crore, which it expects to grow close to 30 per cent this year due to the lockdown demand
Nestlé to invest USD 450 million in new pet food plant in the US
Oct 01, 2020: Nestlé Purina PetCare has announced an estimated USD 450 million investment to open a new factory in Eden, North Carolina, to meet increasing demand for its high-quality, nutritious pet foods. This expansion is part of a broader growth plan for Purina that began last year with the grand opening of the company’s newest wet pet food factory and distribution center in Hartwell, Georgia. The new Eden factory will join Purina’s network of 21 existing manufacturing locations across the U.S. and will become operational in 2022.
The new factory in Eden, North Carolina will revitalize a former brewery, transforming it into an innovative, technically advanced pet food manufacturing facility. Preliminary plans call for Purina to renovate the existing structure and produce leading dry dog and cat food brands, including Purina Pro Plan, Purina ONE and Purina Pro Plan Veterinary Diets.
Segmentation by Type
Pet Medical Care
Segmentation by Application
INFLUENCE OF THE PET CARE MARKET REPORT:
-Comprehensive assessment of all opportunities and risk in the Pet Care market.
– Pet Care market recent innovations and major events.
-A detailed study of business strategies for growth of the Pet Care market-leading players.
-Conclusive study about the growth plot of Pet Care market for forthcoming years.
-In-depth understanding of Pet Care market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Pet Care market.
WHAT ARE THE MARKET FACTORS THAT ARE EXPLAINED IN THE REPORT?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on regional scale.
Analytical Tools: The Pet Care Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
The report has 150 tables and figures browse the report description and TOC:
- Pet Care market: Where are the opportunities? What does the future look like for Pet Care? What will be the market size in the next 5 years?
- Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?
- Technology: How are new technologies shaping the market?
What are the new revenue channels which companies can explore for growth?
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