Press release content from Business Wire. The AP news staff was not involved in its creation.
Pet Humanization - A Pivotal Growth Driver for the Global Pet Accessories Market - ResearchAndMarkets.com
March 8, 2021 GMT
The global market for Pet Accessories is projected to reach US$41.1 billion by 2025, driven by the emerging pet loving culture worldwide made hugely popular by media coverage of celebrities and their furry friends. Pet population comprising dogs, cats, birds and other animals is on the rise.
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Some factors responsible for the rising pet population include an aging population and empty nesters who adopt pets to fill the void; an increase in households with multiple pets; higher incomes; and growing number of single person households and unmarried or childless households. A growing number of households with children are also adopting pets with research studies revealing pets to have a positive impact on children such as preventing depression and lonelines
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