Share this article
Share this article
ResearchAndMarkets.com's offering.
According to the report, the Global Pet Care E-Commerce Market accounted for $19.52 billion in 2019 and is expected to reach $51.91 billion by 2027, growing at a CAGR of 13% during the forecast period.
Growing inclination towards e-commerce websites, increasing annual pet care spending and rise in pet adoption are the major factors propelling the market growth. However, lack of e-commerce adoption and competition against retailers are hampering the market growth.
The phenomenon of 'pet humanization' has progressively increased. Pet owners treat their pet as a family member and take care of them as their own children. But People have busy lives, and they want to make sure their pet gets the care he/she needs and deserves. That is why the demand for Pet care has increased progressively and from the last couple of years Pet care industry has evolved from basic pet needs to highly specialized products and services. Technology has completely transformed the pet industry through tech gadgets and apps making the Pet and owner's life easier and creating huge business opportunities. Perhaps unsurprisingly, pet care is the second largest consumer packaged goods market in the United States in terms of e-commerce sales.