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The Global Pet Care E-commerce Market is estimated to be USD 18.54 Bn in 2020 and is expected to reach USD 30.96 Bn by 2025, growing at a CAGR of 10.8%.
Market Dynamics
Growing adoption of pets worldwide is the major driver of global pet care e-commerce market. Rising awareness regarding the well-being of pets is also driving the market.
With growing internet penetration and proliferation of smartphones, booming e-commerce industry is offering pet care product owners to sell their products online and expand their market reach. Thus, increasing internet penetration and growing tech-savvy pet owner population is also significantly driving the growth of the global pet care e-commerce market.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Worldwide Pet Care E-Commerce Industry to 2025 - Featuring PetSmart, Walmart and Chewy Among Others - ResearchAndMarkets.com
January 13, 2021 GMT
DUBLIN (BUSINESS WIRE) Jan 13, 2021
The global pet care e-commerce market was valued at US$28.379 billion in 2019.
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Growing adoption of pets worldwide is the major driver of global pet care e-commerce market. Rising disposable incomes and living standards are encouraging people to own expensive breeds. As such, the expenditure on the well-being of pets is also increasing across the globe. With growing internet penetration and proliferation of smartphones, booming e-commerce industry is offering pet care product owners to sell their products online and expand their market reach. Thus, increasing internet penetration and growing tech-savvy pet owner population is also significantly driving the growth of the global pet care e-comme
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ResearchAndMarkets.com s offering.
The global pet care e-commerce market was valued at US$28.379 billion in 2019. Growing adoption of pets worldwide is the major driver of global pet care e-commerce market. Rising disposable incomes and living standards are encouraging people to own expensive breeds. As such, the expenditure on the well-being of pets is also increasing across the globe. With growing internet penetration and proliferation of smartphones, booming e-commerce industry is offering pet care product owners to sell their products online and expand their market reach. Thus, increasing internet penetration and growing tech-savvy pet owner population is also significantly driving the growth of the global pet care e-commerce market.