Pet care market seen doubling by 2030

The global pet care market is projected to grow from $138.2 billion in 2020 to $269.4 billion by 2030, driven by urbanization, pet humanization and rising pet adoption. Asia-Pacific is expected to post the fastest growth as North America holds the largest share today.

Why it matters: - The pet care market is on track to nearly double by 2030, signaling sustained demand across food, grooming and pet health products. - Growth is tied to bigger shifts in household structure, spending patterns and the role pets play in family life. - The market outlook matters for brands, retailers and investors tracking consumer spending in pet-related categories.

What happened: - Allied Market Research projected the global pet care market will rise from $138.2 billion in 2020 to $269.4 billion by 2030. - The report said the market is expected to grow at a 6.2% CAGR from 2021 to 2030. - The analysis covered product type, animal type, distribution channel and region. - Download the sample report.

The details: - Urbanization, the shift toward nuclear families in emerging economies and rapid growth in pet shops are key growth drivers. - The report also cited pet humanization, rising pet populations and higher pet adoption as major market tailwinds. - COVID-19 boosted companion-animal adoption as people spent more time in self-isolation at home. - Higher disposable income and greater awareness of companion-animal health are supporting pet ownership. - Millennials and Generation Z are adding momentum as social media and e-commerce expand access to pet products. - The market includes brushes, shower and bath accessories, toothpaste, grooming wipes, shampoos and conditioners, cat litter, pet combs, tick repellent, dry food, wet food, treats and snacks, and other products. - Animal segments include dogs, cats, birds and others. - Distribution channels include supermarkets, e-commerce, specialized pet stores and others. - Regional coverage includes North America, Europe, Asia-Pacific and LAMEA. - North America held more than one-third of global revenue in 2020, helped by rising pet health awareness. - Asia-Pacific is expected to grow the fastest at a 7.0% CAGR, supported by apartment living, nuclear families and demand for companionship. - Purchase inquiry is available for the report. - Leading market players include Beaphar, Colgate Palmolive, EBOS Group, General Mills, Heristo, Nestle, Pet AG, PetEdge, Petlife International, Schell & Kampeter, Thai Union Group, The J.M. Smucker Company, Unicharm and Versele-Laga.

Between the lines: - The report points to a market shifting from basic pet ownership to premium, convenience-oriented spending. - E-commerce growth and social-media-driven pet culture are expanding the addressable market beyond traditional retail. - At the same time, stricter government rules on pet food production and high pet death rates could slow growth in some segments. - The mention of pet cafes suggests new lifestyle-driven opportunities beyond standard food and care products.

What’s next: - Growth is likely to stay concentrated in urban and emerging markets where family structure and living patterns favor pet companionship. - Product innovation, online distribution and premium offerings are likely to remain central competitive themes. - Related report: Functional pet food market - Related report: Pet supplement market - Related report: Smart connected pet collar market