The global Pet Care E-commerce market gathered revenue around USD 22.1 Billion in 2020 and market is set to grow USD 55.7 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 12.4% during the prediction period 2021 to 2027.
Growth Factors:
Technological advancements coupled with rising pet adoption are primary growth drivers for this market. For instance, mobile adaptivity allows better customer experience and single-touch purchase options. Increasing internet penetration is bolstering the smartphone using population across the world. Rising mobile adaptivity, incorporation of single touch purchase options, and user-friendly webpages have increased the popularity of e-commerce websites.
E-commerce mode of distribution is expected to grow at a lucrative growth rate owing to increasing internet usage around the globe. Advantages such as easy availability and multiple options through online platforms are projected to drive the adoption among pet owners.
Distinct delivery facilities and freedom to select from various online platforms are the factors anticipated to boost the market growth in the forthcoming years. Due to the increasing importance of online marketing tools, the popularity of social media applications including Facebook and Google ads, the market is expected to witness a significant growth rate over the forecast period.
Pet care e-commerce platforms offer companies the necessary exposure to business by providing an easier reach for the customers. Moreover, major manufacturers and retailers are launching their websites and online sales platforms to gain a competitive edge. For instance, in February 2020, Boehringer Ingelheim launched its flagship store specialized in pet parasiticides including Frontline and Nexagard on Tmall, an e-commerce platform, to expand its business in China.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Pet Care E-commerce market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Pet Care E-commerce market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
Report Scope | Details |
Market Size | USD 55.7 Billion by 2027 |
Growth Rate | CAGR of 12.4% From 2021 to 2027 |
Base Year | 2020 |
Forecast Period | 2021 to 2027 |
Historic Data | 2017 to 2020 |
Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
Segments Covered | Product, animal type And Region |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
Companies Mentioned | Amazon.com; Chewy.com; PETstock. BarkBox; PetSmart Inc.; Walmart; PetMed Express, Inc.; Petco Animal Supplies, Inc.; TABcom LLC; Nestle; PetFlow |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Pet Care E-commerce market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Regional analysis:
North America dominated the market for pet care e-commerce with a revenue share of over 40.10% in 2020. The region is followed by Europe, due to the increase in the number of companion animal adoptions, well-established e-commerce industry, awareness regarding pet healthcare, and an increase in online orders.
Key contributing factors attributed towards the dominance are increasing awareness about good veterinary health and the growing number of pet owners. In addition, the increasing government animal healthcare organizations and the rising initiatives to spread awareness for pet health are boosting the market investment by the manufacturers.
Asia Pacific market is expected to showcase lucrative growth over the forecast period. Factors such as higher adoption of companion animals and increasing disposable income have promoted the market regional growth. In addition, growing awareness and increased mobile adaptivity, tech-savvy owners, and high preference for online shopping are the factors driving the market growth.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Pet Care E-commerce Market include: Amazon.com; Chewy.com; PETstock. BarkBox; PetSmart Inc.; Walmart; PetMed Express, Inc.; Petco Animal Supplies, Inc.; TABcom LLC; Nestle; PetFlow
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Pet Care E-commerce market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Pet Care E-commerce market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Pet Care E-commerce markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Pet Care E-commerce market Study: