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The latest Pet care market analysis and research report talks about major applications of Pet care, growth of these segments as well as offers insights into companyu2019s active in this industry and their information.
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Pet Care Market Trends Research And Projections For 2020- 2026 • A research study conducted by Global Market Insights, Inc., suggests that Pet Care market is likely to exceed the $327.7 billion mark by 2026, in terms of revenue. • The pet care market is poised to accumulate noteworthy gains in the coming years owing to the increasing awareness regarding pet health, rising adoption of pets, and growing demand for pet care products. • Rising cost of veterinary care has rapidly increased the demand for pet insurance. Ongoing advancements in the field of veterinary care have increased the life span of pets substantially. Various veterinary hospitals are now also treating more sick and injured pets due to growing awareness among pet owners. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
In terms of product, the pet care products segment is expected to witness substantial gains over the coming years. In 2019, the segment held a valuation of approximately $69.6 billion and is likely to expand gradually at a CAGR of around 3.6% over the projected time period. • The pet care products industry is a well-established and has been growing constantly over the last ten years due to increasing per capita income and changing lifestyle preferences • With respect to animal, the birds segment is anticipated to showcase rapid growth at 7.0% over the estimated timeframe. Nowadays, birds are more preferred as pets or companion animals due to their intelligence, graceful aerial skills, brilliant and bright colors, and the ability to communicate. • On the geographical front, in 2018, Australia pet care market was valued at approximately $12.8 billion and is likely to grow at an impressive CAGR of around 4.0% over the forecast time period. A rise in pet adoption rates in the region will play a key role in stimulating the market growth. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/3387 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Regional Analysis • On the geographical front, in 2018, Australia pet care market was valued at approximately $12.8 billion and is likely to grow at an impressive CAGR of around 4.0% over the forecast time period. A rise in pet adoption rates in the region will play a key role in stimulating the market growth. As per a recent survey, presently there are approximately 5 million households throughout Australia that have pets. In fact, over 63% of the overall Australian households have approximately 25 million pets. • Competitive Analysis • Some of the key players operating in the pet care market are Petco Animal Supplies, Colgate-Palmolive Company, PetSmart Inc., Nestle S.A., and Mars among many others. Request for Customization @ https://www.gminsights.com/roc/3387 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Latest Research Report On Pet Care market @ https://www.gminsights.com/industry-analysis/pet-care-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/3387 Request for customization: https://www.gminsights.com/roc/3387 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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