Overview of the mobile pet care market
Extensive research carried out by the analysts at Technavio has shown that the global mobile pet care market is anticipated to witness steady growth at a CAGR of more than 5% over the forecast period. Pets tend to face stress and anxiety when taken to fixed pet care facilities. Dogs dislike unfamiliar places, loud barking, and aggression from other dogs, which often leads to destructive chewing and clawing around doors and windows when taken to pet care facilities as they feel confined. They also tend to get aggressive and start whining, making it extremely challenging for the staff at these facilities to serve them. Similarly, cats also feel stressed when taken to pet care facilities that also offer services for dogs due to excessive barking. On the other hand, mobile pet care facilities help pet owners reduce such stress. These services are ideal for pet owners whose pets are not comfortable in large groups and need personal care and attention. Moreover, mobile pet care vans are also cage-free, leading to lesser stress for pets.
The majority of mobile pet care facilities provide eco-friendly products and solutions for pet care, which is one of the latest trends gaining significant traction in the market. These pet groomers use natural, non-toxic, and environmentally safe products on pets, such as All Natural Dog Ear Cleaner, TropiClean Fresh Breath Oral Care Kit, and earthbath Grooming Wipes. For example, Zoomin Groomin uses Pure Oxygen cleaning and deodorizing solutions for pets, and these products are claimed to be 100% non-toxic as well as environmentally safe. Moreover, these products are anti-bacterial and leave no residues on the pet's skin. Furthermore,
Overview of the global aquarium accessories market
Technavio’s market research analyst predicts the global aquarium accessories market to grow at a CAGR of almost 5% over the forecast period. Fish keeping has become one of the most popular hobbies among millions of enthusiasts across the globe, and most of the fish species kept in aquariums are freshwater species. The surging demand for ornamental fish among hobbyists is one of the major driving forces contributing to the sales of aquarium accessories. Hobbyists are increasingly seeking products such as aeration equipment, substrate, tanks, ornaments, and fish food. The growing interest of individuals in keeping aquarium fish has resulted in the establishment of new stores that sell aquarium-related products and services such as installations, maintenance, and cleaning. The aquarium stores are also employing skilled and knowledgeable staff to assist consumers in maintaining their aquariums regularly at their residence.
The market is witnessing the growing preference for technology-integrated products among aquarists and hobbyists. As a result, most manufacturers are introducing equipment for recreating aquariums that are small, smart, and more efficient to facilitate the easy maintenance and cleaning of the aquarium. Aquariums are also being designed to be compact to house corals and delicate reef vertebrates. Furthermore, some vendors are also coming up with energy efficient aquarium accessories and new programmable smart devices that offer maintenance-free performance for aquarists and hobbyists. These devices are more reliable and require less monitoring. Smart devices such as aquarium control systems help hobbyist to manage pH, conductivity, dissolved oxygen, oxidation-reduction potential parameters, and lighting simultaneously.
Overview of the pet daycare and lodging market
The global pet daycare and lodging market is expected to show fast-paced growth and will post a CAGR of more than 8% over the forecast period. High-income pet owners are spending profusely on premium services for their pets. The majority of pet owners are enrolling their pets in pet daycare and lodging facilities that offer luxury daycare and lodging experience. Such facilities include spacious private rooms that are climate controlled and designed with unique layouts. Moreover, these pet lodging facilities also provide luxury services such as raised beds, private television, fresh treats, bottled water, and plush play, among others. For example, All American Pet Resorts Fort Myers provides an all-inclusive upscale luxury dog lodging and daycare resort providing an all-round pet care. They offer dog suites, TV programs, soothing music, as well as personalized attention from their highly-trained staff. Additionally, there are other pet daycare and lodging facilities that offer services such as pawdicure, exercise on treadmills, themed rooms, gourmet bed-time snacks, massage, and spa treatments for pets. The availability of such premium quality services for pets is anticipated to drive this market’s growth over the estimated period.
According to the market research analysts at Technavio, many pet daycare service providers are striving to differentiate themselves on the basis of their service offerings including pet grooming spa, veterinary service, and interactive activities for pets. Additionally, many of service providers offer value-
Global outlook of the pet care market
According to Technavio’s market research analysts, the global pet care market is anticipated to grow at a moderate CAGR of almost 5% between 2016 and 2020. Pet owners prefer natural, and organic pet food products as these products are safe, more nutritive, and have greater quality than the conventional pet products. As these owners treat pets as a part of their families, they are providing their pets with premium products such as organic snacks and treats. Such requirements have prompted manufacturers to come up with pet food with new natural flavors, fruits, vegetables, and colorants. Several pet food manufacturers are also introducing natural pet food products with additional features such as health condition-specific ingredients or low glycemic formulations. Additionally, the demand for pet grooming products comprising natural and organic ingredients is also on the rise with the growing inclination of pet owners towards healthier and safer pet products. The rising trend towards customized pet food products has created huge development potential for the pet care market and will result in its massive growth during the forecast period.
North America will be the highest revenue-generating region in the pet care market and is anticipated to occupy more than 40% of the total market share. Much of the market’s growth can be attributed to the rising pet ownership and increased spending on premium pet care products like food and accessories. Moreover, the consumers in this region treat their pets as family members and are willing to spend for them liberally. Factors such as the premiumization of pet care products will propel the growth of the market in this region over the next four years.
Competitive landscape and key vendors
Global outlook of the pet dietary supplements market
Market research analysts at Technavio predict that the global pet dietary supplements market will grow at a moderate CAGR of more than 5% during the forecast period. Pet owners are getting more attentive towards the quality of food they are offering to their pets, owing to the growing awareness about the potential benefits of nutritional and dietary supplements on their pets' health. There is rising preference for natural and organic pet supplements among pet owners as these are considered safer and more nutritious. Nutraceutical foods are gaining prominence among pet owners due to their medicinal benefits. The growing trend towards pet humanization has propelled owners to focus on pet health, subsequently leading to the purchase of healthy and nutritious food and supplements, exclusively prepared according to the age and type of pets. Organic Pet Superfood JOINTS, Only Natural Pet Ultimate Daily Canine Vitamin Plus, and SoulFood Organic Multivitamin for Dogs are some of the natural and organic dietary supplements available in the market.
North America is the largest revenue-contributing region in the market and accounted for more than 37% of the overall market revenue in 2015. Much of the region’s growth can be attributed to the growing investments in pet care products by consumers. Pet owners in this region focus on the comfort and health of their pets and are willing to spend more on their pets. They consult veterinarians and seek information from various sources to offer the best healthcare facilities for their pets. The growing concerns about pets' muscle health, digestion, and cognitive health are positively aiding in increasing the demand for pet dietary supplements in this region.
Competitive landscape and key vendors
About pet accessories
Pet accessories are specialty products that are manufactured according to the functional requirements of pets such as dogs, cats, birds, small animals, and reptiles. These accessories include a variety of products such as feeding, bedding products, toys and leashes. These accessories are available in pet speciality stores and retail outlets such as supermarkets, hypermarkets, discounters globally.
In 2014, North America dominated the market, followed by Europe, APAC, Latin America, and MEA. The market witnessed a rapid growth in developing countries such as Argentina, Brazil, China, Mexico, India, Russia, and Vietnam. With respect to types of pet accessories products, the pet toys segment dominated the market in 2014.
Technavio's analysts forecast the global pet accessories market to grow at a CAGR of 5.65% over the period 2014-2019.
Covered in this report
The report covers the current scenario and the growth prospects of the global pet accessories market for the period of 2015-2019. To calculate the market size, the report considers revenue generated from the sales of the following pet accessories:
- Housing, bedding and feeding
- Collars, leashes, and utility
- Others (Apparel, sunglasses, strollers, and agility accessories)
Technavio's report, Global Pet Accessories Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, Latin America, MEA, and North America; it also covers the landscape of the market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
- Latin America
- North America
Pet owners are increasingly treating their pets like members of their family. There is ample opportunity for vendors to capitalize on this trend and cater to specific needs through a vast range of goods and services, everything from grooming to diet to exercise.
Technavio’s consumer data and market analysis advances your knowledge of the industry and its competitive environment and provides insights on pet supplies, online pet supplies, pet grooming supplies, and wholesale pet supplies.