Pet Supplies Market: Introduction
- Increase in pet humanization has resulted in the rising sale of pet supplies globally. Pet supplies take care of pet needs in nourishment, food and safety, exercise, medical attention, bedding, bathing products, and more.
Key Drivers of the Global Pet Supplies Market
- In recent years, increase in pet ownership owing to altering cultural and socioeconomic factors is influencing growth of the pet care and service industry. Changes in consumer lifestyle and rising disposable income have also spurred pet adoption which is expected to drive the demand for pet supplies during the forecast years.
- Pet owners treat their pets (cats, dogs, and even mammals) like their family members. Owners are focusing on indulging and humanizing the small pets much more than large pets. Furthermore, demographic shift toward smaller households has encouraged consumers to plug the familial gap with a feline or canine companion. Additionally, increasing incomes have also encouraged families to indulge in pets and provide more facilities to their pets. This factor is expected to drive the growth of the pet supplies market in the coming years
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Market in Asia Pacific to Expand Rapidly
- In terms of geography, the global pet supplies market can be divided into five regions North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
- North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the pet supplies market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the pet supplies market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America pet supplies market is segmented into Brazil, and Rest of South America.
- North America and Europe hold majority of share in the global pet supplies market due to rapid rise in number of pet owners and adoption of smart and technologically advanced products in prominent countries such as the U.S, U.K., Canada, France, Germany, Italy, Spain, and various other European countries.
- Demand in the Asia Pacific region is estimated to expand at a significant pace compared to other regions in the near future due to increase in awareness about pet care products embedded with high technology etc. in China, India, Japan, Australia, New Zealand, and other Asian countries.
Key Players Operating in the Global Market
The pet supplies market is fragmented due to the presence of various global, regional, and local players. Players are implementing technological advancements and increasing innovative products to gain competitive advantage in the pet supplies market. Irreplaceable value propositions in product offerings and stable product development is likely to support the growth capability of the market in the coming years.
A few of the key players operating in the global pet supplies market are:
- Blue Buffalo Co., Ltd.
- Champion Petfoods
- Colgate-Palmolive Company
- Doskocil Manufacturing Company, Inc. (Pet Mate)
- General Mills Inc.
- KONG Company
- Mars, Incorporated
- Pet Care Inc.
- Petco Animal Supplies, Inc.
- Unicharm Corporation
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Global Pet Supplies Market: Research Scope
Global Pet Supplies Market, by Type
- Food Supplies
- Grooming/Toys Supplies
- Health & Wellness Supplies
- Flea & Ticks Products
- Cleanup & Bathing Supplies
- Bowls, Feeders & Waterers
- Others (Bedding, etc.)
Global Pet Supplies Market, by Pet Type
- Fish & Aquatics
- Small Animals
- Others (Horse, etc.)
Global Pet Supplies Market, by Price
Global Pet Supplies Market, by Distribution Channel
- E-commerce Portal
- Company Owned Portal
- Large Format Stores
- Specialty Stores
- Independent Retailers
Global Pet Supplies Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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