It is widely accepted that pets are beneficial to their owners. From providing simple companionship and curing loneliness to being a means of social interaction, pets have become an integral part of the lives of many owners. Over 60% of households own a pet, with over 50% owning either a dog or a cat. Over the past five years, owners have become more concerned about the health of their pets, spending extra on preventive and elective veterinary services. At the same time, they have been able to pamper their pets due to rising wealth and disposable income.
Companies in this industry sell pets, pet products and provide pet services. The most common pets include dogs, cats, fish and rabbits. Pet stores sell a wide range of products and accessories, including pet food, collars, litter boxes and kennels. Businesses also provide a number of pet services, ranging from veterinary to grooming and insurance services.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.