Detailed Report On Global Pet E-Commerce Market 2028

The global pet e-commerce market is anticipated to expand at a substantial CAGR during the forecast period, between 2020 and 2027. Risein the adoption of companion animals is driving the demand for pet e-commerce. Pet e-commerce is the supply and sale of pet care products, medications, and pet food through an online sales channel. Several key players own online platforms for the distribution and sale of pet care products.

Request Free Sample Report Here

Market Trends, Drivers, Restraints, and Opportunities:

• Increasing awareness among the consumers has led to the rise in demand for pet care products, thus driving the growth of the market.
• Growing adoption of smart phones and rising penetration of Internet are driving the demand for pet e-commerce.
• Availability of a wide range of pet food options is driving the pet e-commerce market.
• Rising number of companion animals is expected to fuel market growth.
• High pet care costs are expected to hamper the adoption of pet e-commerce.

Pet E-commerce Market Segment Insights:

The canines segment is projected to hold a significant market share

In the terms of animal types, the pet e-commerce market can be segmented into canines, felines, and others. Dogs are one of the popular pets, as they are considered to be protective, loyal, and intelligent. Rise in the adoption of dogs as pets has led to the rise in the demand for pet foods, and grooming products, and accessories, thereby driving the canines segment. Pet e-commerce websites offer detailed product descriptions and offer a wide range of products, which are propelling the pet e-commerce market. Moreover, discounts provided on different sites and increasing consumer preference to buy products online are expected to drive the pet e-commerce market. Conversely, the feline segment is anticipated to expand at a significant CAGRduring forecast period, between 2020 and 2027.Cats are self-reliant and require less training, which in turn is boosting their adoption, thus driving the growth of the segment.

Pet grooming products segment to grow during the forecast period

On the basis of products, the market can be segregated into pet grooming products, pet food, medications, and others. The pet grooming segment is attributed to account for a significant share of the market.Increasing pet-human bond has increased the demand for pet grooming products such as shampoos and conditioners that are required for the basic hygiene. Rising prevalence of infectious diseases has led to the rise in the demand for medications, which can be obtained from e-commerce websites. Discounts available on the pet e-commerce websites are boosting the growth of the pet e-commerce market.

North America dominates the global market

In terms of regions, the global pet e-commerce market can be categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounts for a considerable share of the pet e-commercemarket. The US is expected to account for a significant share of the market, owing to increase in disposable income, which has led to the rise in the spending on pet care products. Rise in the adoption of companion animals is expected to drive the pet e-commerce market in North America.

Competitive Analysis

Key players in the pet e-commerce market include BarkBox, SmartPAK, PetFlow, Amazon,Dover Saddlery, PetSmart Inc, PetMed Express, Inc., Walmart, TABcom LLC, Groomers Delight, Petco Animal Supplies Inc., and Chewy, and PETstock. They are engaged in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

About Growth Market Reports:

GROWTH MARKET REPORTS provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GROWTH MARKET REPORTS has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys.

Contact:

Growth Market Reports
Phone: +1 909 414 1393
Email: sales@growthmarketreports.com
Web: https://growthmarketreports.com
Follow Us: LinkedIn | Twitter