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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.
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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 servi