Brand Story
17 Nov 2022, 18:45 GMT+10
The pet daycare care market size is valued at US$ 3.7 Billion in 2022. Sales are projected to increase at an 8% CAGR during the forecast period, with the market size reaching US$ 6.7 Billion by 2032.
The rising pet humanization culture has increased the demand for pet daycare services. Humans have regarded their pets as their friends and family members. Also, they prefer to raise them with the best. With various pet organizations working on enhancing the lives of pets, governments are also spending on animal well-being.
Moreover, there have been rising cases of depression and anxiety in recent times. To deal with these psychologists believe that adopting pets is an effective way to deal with such psychological issues. With the increase in working hours, people hardly get time to take proper care of their pets. Therefore, they turn to pet daycare to avail their services. This is as well is expected to increase the demand for pet daycare.
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Moreover, certain conditions like obesity, health getting regularly affected, etc., because pets have a hard time. Pet owners often rely on pet daycare specialists to deal with the above situations effectively.
Another vital factor that has positively impacted the pet daycare market trends is the increase in disposable income. A decade back, availing of this facility was something that pet owners had to ponder upon unless it was a necessity.
Thus, based on the study conducted by the Future Market Insights research team, "Increase in the working hours of the pet owners along with upsurge in the disposable income is expected to drive the demand for pet daycare during the forecast period."
Key Takeaways
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Competitive Landscape
Some of the major companies are involved in several strategies such as collaborations, mergers, and acquisitions to maintain their market position. Moreover, they are expanding their presence and are opening many more pet care facilities across the globe.
For Instance:
Key Companies Profiled
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Market Segmentation
By Service Type:
By Animal Type:
By Region:
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What Are Some Of The Existing Trends In The Pet Daycare Market?
New products with improved abilities backed by research and innovation help key manufacturers involved in pet daycare to extend their global value. Smart technologies also contribute to the easy grooming of pets. They ensure pet security; hence, they are globally popular in the pet daycare market.
Various new technologies are appointment scheduling apps with veterinary doctors and applications that give orders to pets such as sitting, running, sleeping, eating, walking, etc. These advanced technologies also provide various fun activities and other entertainment for pets.
Explore FMI's Extensive ongoing Coverage on Consumer Product Domain
Pet Safe Cleaners Market Outlook: The pet safe cleaners market holds ~US$ 5,924.0 Mn in 2022 and is anticipated to reach US$ 7,960.1 Mn by 2032, at a CAGR of 3.0 % from 2022 to 2032
Pet Oral Care Market Share: The overall pet oral care market share is projected to reach US$ 16,711 Million by 2032, following a moderate CAGR of 3.5% from 2022 to 2032
Pet Bathing Supplies Market Trends: The global pet bathing supplies market is projected to have an average-paced CAGR of 6.2% during the forecast period
Pet Carriers Market Sales: The global pet carriers market is projected to have a slow-paced CAGR of 4% during the forecast period
Bird Feeding and Watering Suppliers Market Analysis: The bird feeding and water suppliers' market is estimated at US$ 4,994.8 Mn in 2022 and is projected to reach US$ 7,390.1 Mn by 2032, at a CAGR of 4.0% from 2022 to 2032
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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Website: https://www.futuremarketinsights.com
The post Pet Daycare Market Will Hold a Revenue of US$ 3.7 Bn in 2022 & is Expected to Cross US$ 6.7 Bn at A Moderate CAGR of 8% During The Forecast Period of 2022-32 appeared first on Future Market Insights.
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This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
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