Pet Utility Products Market 2019 Global Industry Size, Share, Market Size & Growth, Revenue, Trends, Global Market Demand Penetration and Forecast to 2023

(The Express Wire via Comtex) published "Global Pet Utility Products Market" from its database. The report focuses on major leading industry players with information such as company profiles, product picture and specification.

Global “Pet Utility Products Market 2019-2023” has been providing up and changing the worldwide economy as far as growth rate, revenue, deal, market proposition, and scope. The Global Pet Utility Products market Consumption market report is an extensive analysis of this corporate field, which has been established to be one of the most profitable business verticals in futures. The Reportspecifies the complete estimate of Global Pet Utility Products market business terms, in addition to presenting a brief segmentation of the industry, the expansion opportunities, as well as Key region.

Top-Listed Playersin Pet Utility Products Market Research Report 2019-2023


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Overview of Pet Utility Products Market:

With the growing trend of pet humanization, consumers have started demanding unique and fancy accessories for their products such as feed bowls, scoops, etc. North America accounted for the largest market share, with over 35% of the global market share in 2017. The second largest market is Europe, followed by Asia-Pacific with around 20% of the market share.

The rapid urbanization and connectivity programs in these economies are boosting the market growth envisaged through online mediums. Owning a pet, focusing and spending on its care, is seen as a mark of social status and sensitivity, further, acting as an important market driver. The unreliability of local goods, as indicated by the recent reports and scandals, has forced buyers to rely on foreign goods. These goods are available through the e-commerce, thus, boosting the pet food sales. Often, market campaigns shift the focus of consumers towards commercial foods from the conventional leftovers of human food that used to feed pets. The high internet connectivity is boosting the use on e-commerce sites, as an effective distribution channel. The notions of convenience, affluence or exclusivity, safety and market awareness play a critical role in the developing countries, for the growth of pet utility products. Their late embrace of the market connectivity in the minor markets of small economies, like Vietnam, Thailand, etc. is because of the infrastructure lag and almost negligible product awareness. However, these countries offer the nascent market advantages of low regulations and competition.

The increased income and urbanization have directly affected the pet population. Particularly, the demand from developing countries, coupled with the changing lifestyles, is accelerating the market growth. The changing perception of consumers, towards pet health, is another major reason accelerating the global pet food market growth. Moreover, the demand has grown significantly due to the increasing trend of nuclear families, where consumers usually treat pets as a family member and are concerned about their lifestyle, eating habits and health. The concept of pet humanization, where pets are treated with increased hygiene and care, is another major driver for the market growth and, in turn, is boosting major changes in product packing and resourcing of ethically-viable products.

The number of households is witnessing an encouraging uptick in terms of dog and cat ownerships. Currently, 45 million of the US households own dogs and 30 million own cats. As the dog population has increased with the rising trend of pet humanization, it has also boosted the sales of pet care products to a significant extent in the country. A higher percentage of the US households have small dogs compared to medium dogs or large dogs, with the shares of 52%, 32% and 42%, respectively. The percentage of pet owners with small and large dogs has increased as well, while those with medium dogs are at a steady pace. The shift to smaller dogs is projected to continue, during the forecast period, with the aging human population as a key driver for the demand growth. Moreover, the shift to smaller dogs might have numerous ramifications for the US pet market. As the smaller dogs consume less, it might be harder for the pet food marketers to buck up the sales volume. Meanwhile, size- and breed-specific foods should help to pick up any dollar slack. The angle brands such as Mars' Cesar and Royal Canin have been working successfully for many years. Considering non-food pet supplies, the smaller dog shift denotes opportunities in myriad indoor products, including crates and kennels, training pads, pet beds and pet odor prevention/removal and clean-up products.

The high internet connectivity is boosting the use on e-commerce sites, as an effective distribution channel. Expenditure on pets is increasing, globally, and in many regions, e-commerce sales growth in the pet category is outpacing, both, total category sales growth and total e-commerce growth. In this report, we analyzed some of the leading pet e-commerce companies in the United States and selected international markets. As the pets solidify their spots as family members in the numerous households, technology has become an increasingly important way for consumers to gain information and take care of their pets. Pet food is among the several pet care segments affected by this trend. The desire to access a wider variety of options, especially in developing markets and the convenience trend prevalent in the shopping patterns of consumers, have made the online pet food purchasing witness an increasing growth and continue its upward trajectory. The purchase of pet products online was 42% in 2016 and about one-third of the pet owners bought pet products through the internet. Specifically, pet medications sales have been affected by the consumer shift in purchasing pet products online. Due to their small size and low shipping costs, pet medications are well suited for sale through the Internet, which has become an excellent medium for delivering the information needed by the consumers to make best product choices. Internet-based retailers offer everything from flea/tick products to prescription NSAIDs, forcing individual veterinarians to compete for sales with organizations with substantial buying clout.

Major Key Player : IRIS USA, NITE IZE, COSTAL PET PRODUCTS INC., K and H PET PRODUCTS amongst others.

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Key Highlights from Pet Utility Products Market Report 2019.

Revenue and Sales Estimation — Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are as curtained in Pet Utility Products industry evolution and predictive analysis.

Manufacturing Analysis —the report is currently analyzed concerning various product type and application. The Pet Utility Products Market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry and Key officials of profiled companies.

Competition — Leading players have been analyzed depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.

Demand and Supply and Effectiveness — Pet Utility Products Market report additionally provides distribution, Production, Consumption for the complete industry.

Pet Utility Products MarketTop Regions(regional analysis covers):-

  • North America (the USA, Canada, andMexico)
  • Europe (Germany, France, UK, Russia, andItaly)
  • Asia-Pacific (China, Japan, Korea, India, andSoutheast Asia)
  • South America, Middle East, andAfrica

Reasons to Purchase this Report

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the regions that are expected to witness fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major market players.
  • 3 months analyst support along with the Market Estimate sheet (in excel).

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Pet Utility Products Market 2019 Report Brief:-

  • The report covers forecast and analysis for the Pet Utility Products market on a global and regional level
  • The report includes the drivers and the restraints that affect the growth of the market
  • Detailed information about the market opportunities are discussed
  • The key target audience for the market has been determined in the report
  • The revenue generated by the prominent industry players has been analyzed in the report
  • The market numbers have been calculated using top-down and the bottom-up approaches
  • The market is segmented on the basis of product, technology, ownership, and end-user industry which in turn is bifurcated on the regional level as well
  • All the segments have been evaluated based on the present and the future trends
  • The report deals with the in-depth quantitative and qualitative analyses of the Pet Utility Products market
  • The report includes detailed company profiles of the prominent market players

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