Friday, June 28, 2024

Global Pet Fitness Care Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

Pet fitness care refers to the holistic approach of promoting and maintaining pets' physical health and well-being through various means, including proper nutrition, regular exercise, preventive healthcare, and mental stimulation. This approach ensures that pets lead active, happy, and fulfilling lives while minimizing the risk of obesity, illness, and behavioral issues. Pet fitness care involves providing adequate exercise opportunities, balanced diets, routine veterinary check-ups, vaccinations, parasite control, dental care, and mental enrichment activities tailored to the individual needs of each pet species and breed.

Sizing and Forecast
The pet fitness care market size has grown rapidly in recent years. It will grow from $6.42 billion in 2023 to $7.06 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%.  The growth in the historic period can be attributed to awareness of pet obesity, humanization of pets, rise of pet wellness industry, urbanization and changing lifestyles, pet insurance coverage, and celebrity influence.

The pet fitness care market size is expected to see rapid growth in the next few years. It will grow to $10.47 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%.  The growth in the forecast period can be attributed to evolving urban environments, rise of pet wellness communities, corporate wellness programs for pets, and cultural shift towards active lifestyles. Major trends in the forecast period include innovations in pet exercise equipment, research on animal behavior, integration of ai and data analytics, virtual and remote fitness services, and customized nutrition and fitness plans.

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Segmentation & Regional Insights
The pet fitness care market covered in this report is segmented –
1) By Solutions: Products Or Equipment, Software, Services
2) By Pet Type: Dogs, Cats, Other Pet Type
3) By Distribution Channel: Pet Specialty Stores, Online Platforms, Veterinary Clinics

North America was the largest region in the pet fitness care market in 2023. The regions covered in the pet fitness care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The rising pet ownership is expected to propel the growth of the pet fitness care market going forward. Pet ownership refers to the act of possessing and caring for domesticated animals, such as dogs, cats, birds, or fish, as companions or for recreational or therapeutic purposes. Pet ownership is increasing due to the desire for companionship, greater awareness of animal welfare, health benefits, social media influence, and better veterinary care. Pet fitness care is integral to providing pets with happy, healthy lives while enhancing the rewarding experience of pet ownership for individuals and families. For instance, in March 2023, according to Veterinary Practice, a UK-based online knowledge and information provider for veterinary professionals, the number of pets in the United Kingdom was 35 million in 2022, marking a rise of 9% compared to 2021. Therefore, rising pet ownership is driving the growth of the pet fitness care market.

Key Industry Players
Major companies operating in the pet fitness care market are  PetSmart Inc., Zoetis Inc., Pawsitive Performance LLC, Hill's Pet Nutrition Inc. , Petmate Holdings Co., Mars Petcare US Inc., Petsafe, Tractive GmbH, PetEdge Inc., Ruff Wear Inc., Alltech Inc., Whistle Labs Inc., ZippyPaws LLC, Motivation Design LLC, TRIXIE Heimtierbedarf GmbH & Co. KG, FitPAWS Inc., Frolick Dogs LLC, GoPet LLC, Petco Foundation, PetFusion LLC, Canine Hardware Inc., Blue-9 Pet Products Inc., PetZen Products, Nestlé Purina PetCare Company, FitBark Inc.

The pet fitness care market report table of contents includes:
1. Executive Summary

2. Pet Fitness Care Market Characteristics

3. Pet Fitness Care Market Trends And Strategies

4. Pet Fitness Care Market - Macro Economic Scenario

5. Global Pet Fitness Care Market Size and Growth

.

32. Global Pet Fitness Care Market Competitive Benchmarking

33. Global Pet Fitness Care Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Pet Fitness Care Market

35. Pet Fitness Care Market Future Outlook and Potential Analysis

36. Appendix


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