Latest Market Report | Pet Care E-commerce Market to Surpass US$ 50 Billion by 2030, Driven by Growing Pet Ownership and Convenience
Rationalstat LLC
9 min read
Rationalstat LLC
The global pet care e-commerce market is expected to reach US$ 49.6 billion by 2030, with an annual growth rate of more than 11.2%.
Wilmington, Delaware, Nov. 13, 2023 (GLOBE NEWSWIRE) -- According to RationalStat’s recent industry analysis, the Global Pet Care E-commerce Market value is pegged at US$ 23.6 billion in 2023 and is expected to rise at a strong CAGR of over 11.2% over the forecast period of 2023-2030.
Market Definition, Market Scope, and Report Overview
The pet care e-commerce market refers to the online retail sector that specializes in providing pet care items and services. This includes pet food, toys, grooming goods, healthcare supplies, accessories, and even services such as pet grooming or training sessions. The market has expanded significantly in recent years, and numerous reasons have contributed to this rise.
Some pet care e-commerce sites provide subscription services for pet necessities such as food, guaranteeing that pet owners receive regular supply without having to reorder frequently. This strategy maintains client loyalty while providing businesses with a consistent revenue stream.
According to a deep-dive market assessment by RationalStat, the global Pet Care E-commerce market has been analyzed on the basis of market segments, including animal type, product, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
Market intelligence for the global Pet Care E-commerce market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
In addition, the long-term sector and products/services 10-year outlook and its implications on the global Pet Care E-commerce market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
GlobalPet Care E-commerce Market: Segmental and Market Share Analysis
On the basis of animal type, canine segment led the market and accounted for more than 47% share of the global revenue. Dogs are the most preferred and popular pets around the globe as they become familiar with the behavior and emotions of their owners.
On the basis of product, pet food segment accounted for the largest revenue share of around 40% owing to high awareness regarding the diverse range of pet food and their nutritional status among owners.
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global pet care e-commerce market include.
In August 2020, Elanco Animal Health, a pharmaceutical business based in the US, paid US$6.89 billion to Bayer AG. Elanco Animal Health's acquisition of Bayer AG helps the international development, production, and marketing of veterinary goods for cattle and pets.
Some of the prominent players and suppliers operating and contributing significantly to the global pet care e-commerce market growth include PetSmart Inc., Walmart, Groomers Delight, Petco Animal Supplies Inc., PETstock, PetMed Express, Inc., BarkBox, and TABcom LLC, among others.
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
Defining the problem by understanding the type of market and data required by the client.
Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
Evaluating and analyzing the data by referring to data sources utilized and leveraged.
Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
