The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s digital pet care products and services market report forecasts the digital pet care products and services market size to grow to $129.94 Billion by 2027, with a CAGR (compound annual growth rate) of almost 10%.

Learn More On The Digital Pet Care Products and Services Market Report 2023 – https://www.thebusinessresearchcompany.com/report/digital-pet-care-products-and-services-global-market-report

Digital Pet Care Products and Services Market Size Forecast
The global digital pet care products and services market is expected to grow from $80.88 billion in 2022 to $89.02 billion in 2023 at a compound annual growth rate (CAGR) of 11%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The digital pet care products and services market size is expected to grow to $129.94 billion in 2027 at a CAGR of 9.9%.

North America held the largest digital pet care products and services market share.

Key Digital Pet Care Products and Services Market Driver ­– Increase In Pet Adoption Rate
For instance, according to the 2021-2022 American Pet Products Association (APPA) survey by the human society of the United States, a US-based non-profit organization, 128.451 million U.S. households have a pet, and 69 million (54%) of US households own at least one dog. Therefore, the increased pet adoption rate is driving the growth of the digital pet care products and services market.

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Key Digital Pet Care Products and Services Market Trend – Adopting Internet Of Things Enabled Technologies
Major companies operating in the digital pet care products and services market are adopting IoT-enabled (Internet of things) technology in pet tracking devices to allow pet owners to track the activity and location of their pets seamlessly. For instance, in May 2021, Nestle Purina Australia, an Australia-based pet care products company, launched Nestle Purina CHEKR, a connected smart bowl and accompanying app for pets to assist pet owners with feeding the correct food in the proper portion every time. Nestle Purina CHEKR leverages amazon web services (AWS) IoT analytics, AWS IoT core, and apache solr to connect devices to the cloud and process hundreds of data points to deliver personalized food recommendations.

Digital Pet Care Products and Services Market Segment
1) By Type: Pet Food, Pet Care Products, Services
2) By Source: Animal-Based, Plant-Based, Synthetic
3) By Animal: Dogs, Cats, Birds, Fishes, Horses

Digital Pet Care Products and Services Market Major Players and Strategiesc
Major players in the digital pet care products and services market are Petplan Ltd., Hartville Group Inc., Petfirst Healthcare LLC, Anicom Holdings Inc., Direct Line, Trupanion, Pethealth Inc., BabelBark, Banfield Pet Hospital, Chewy Inc., Hill’s Pet Nutrition Inc., PetMD, Supertails, Wagmo Pet Insurance, Embrace Pet Insurance, Lemonade Inc., and ASPCA.

In October 2020, Spectrum Brands, a US-based pet care products manufacturer acquired Armitage Pet Care for $180 million. This acquisition allows Spectrum Brands to significantly further its ambition of expanding its global pet care division in Europe, the Middle East, and Africa. Armitage Pet Care Ltd is a UK-based manufacturer of pet care products.

The Digital Pet Care Products and Services Global Market Report 2023 covers regional data on digital pet care products and services market size, digital pet care products and services market trends and drivers, opportunities, strategies, and digital pet care products and services market competitor analysis. The countries covered in the digital pet care products and services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Digital pet care products and services refer to devices worn on pets to serve various purposes, such as monitoring, controlling, medical diagnosis, safety, and security. It is used to track information related to pets, such as activity, fitness, sleeping time, behaviour, and steps. These devices help get data, which is tracked through a companion app installed on the pet owner’s smartphone.

View More Reports Related To The Digital Pet Care Products and Services Market –
Pet Food Global Market Report 2023
Pet Wearable Global Market Report 2023
Animal And Pet Food Global Market Report 2023

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