Global Pet Care E-Commerce Market Size, Trends & Analysis - Forecasts To 2026 By Product (Pet Grooming Products, Pet Food, Medications, Others), By Animal Type (Canine, Feline, Others), By Region (North America, Europe, Asia Pacific, MEA, CSA), Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Pet Care E-Commerce Market: Insights
The global pet care e-commerce market is expected to generate revenue amounting to USD 23.11 billion in 2020, and is projected to reach to USD 44.04 billion by 2026, growing at a CAGR of 11.35% over the forecast period. Increase in pet adoption across the globe is one of the major factor expected to propel the market growth during the forecast period. Technological advancements coupled with mobile adaptivity for better customer experience and single-touch purchase options are driving the market growth for pet care e-commerce. Increasing internet penetration and growing usage of smartphones across the world is also driving the market growth. Rising mobile adaptivity, and user-friendly webpages have increased the popularity of e-commerce websites during the forecast period. According to the U.S. Department of Commerce, consumers have spent USD 601.75 billion online in 2019. Increase in the demand for pet care products is also driving the market for pet care e-commerce. Increase in the number of companion animal adoptions, and awareness regarding pet healthcare across various regions including North America, Europe, Asia Pacific, and Central & South America is further projected to propel the market growth of pet care e-commerce. However, lack of e-commerce adoption and high pet care cost are likely to hamper the market growth over the coming years.
Pet Care E-Commerce Market Size: By Segmentation
The global pet care E-commerce market is segmented on the basis of animal type into canine, and feline among others. The canine segment is expected to hold the largest market share during the forecast period. Dogs are the most preferred and popular pets around the globe as they are familiar with the behavior and emotions of humans. They are loyal, intelligent, protective in nature, and helps in improving one's mental and physical health. Dogs help in reducing depression, encourage exercise, enhance cardiovascular health, and stress among others. These are some of the major factors expected propel the market growth during the forecast period. The growing adoption of pets is expected to boost the demand for pet food, grooming products, toys, and other accessories and thereby driving the market for e-commerce during the forecast period. The feline segment is expected to grow at a significant CAGR over the coming years. Cats are relatively low maintenance, and require less training as compared to other companion animals.
On the basis of product, the global pet care e-commerce market is segmented into pet grooming products, pet food, and medications among others. The pet food segment is expected to hold the largest market share during the forecast period. High awareness regarding the diverse range of pet food and their nutritional status among owners are driving the market growth for pet food segment. Availability of a wide range of food products, and growing demand for superior quality food are driving the market for pet care e-commerce. Rise in demand for pet grooming products such as shampoos and conditioners which are required for the basic hygiene of the pets is also propelling the market growth for products segment.
Pet Care E-Commerce Market Size: By Region
On the basis of region, the market of Pet Care E-commerce is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The North America region is expected to dominate the market and is also estimated to expand at a rapid pace during the forecast period. Rise in the number of animal adoptions along with increasing awareness about good veterinary health are some of the major factors expected to propel the market growth in the region. The increasing government animal healthcare organizations and the rising initiatives to spread awareness for pet health are driving the market growth in the North America region.
Pet Care E-Commerce Market Share & Competitor Analysis
Augmented reality (AR) is a major game changer when it comes to online shopping, significantly closing the gap of ambiguity. It helps online shoppers visualize the products that they’re interested in. Burrow, a DTC furniture brand, uses AR to help customers visualize how their couches will fit in their living rooms. Their Burrow at Home app uses ARKit to place true-to-scale 3D models of Burrow’s couches in photos taken on customers’ iPhones and iPads.
Some of the key players operating in the pet care e-commerce market include: BarkBox, SmartPAK, PetFlow, Amazon, Dover Saddlery, PetSmart Inc, PetMed Express, Inc., Walmart, TABcom LLC, Groomers Delight, Petco Animal Supplies Inc., Chewy, PETstock, and Nestle, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In April 2017, PetSmart acquired Chewy.com which operates as an independent subsidiary to enter into online retailing space.
Pet Care E-Commerce Market: By Product
Pet Care E-Commerce Market: By Animal Type
Pet Care E-Commerce Market: By Region
The global Pet Care E-Commerce Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Pet Care E-Commerce Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
80% of our clients seek made-to-order reports. How do you want us to tailor yours?