The Future of theDigital Oilfield Market: Growth Trends, Market Size, and Opportunities to Watch
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of theDigital Pet Care Products and Services Market?
The digital pet care products and services market is anticipated to flourish due to the rising pet adoption rate. The act of obtaining a pet from a rescue or shelter, referred to as pet adoption, is leading to an increased demand for premium pet care items and services to sustain their health, happiness, and safety. For example, a 2021-2022 survey conducted by the American Pet Products Association (APPA) and the US-based non-profit organization, the Human Society of the United States, showed that out of 128.451 million households in the U.S., 69 million (54%) at least own one dog. Therefore, the mounting rate of pet adoption is significantly fuelling the development of the digital pet care products and services market.
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#How Will the CAGR of the Digital Pet Care Products and Services Market Influence Its Overall Growth by 2034?
There’s been robust growth in the size of the digital pet care products and services market in recent years. The market is projected to expand from $96.52 billion in 2024 to $105.67 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.5%. Factors such as the humanization of pets, increased consciousness about pet health, convenience and accessibility, pet insurance and wellness schemes, and a surge in pet ownership have contributed to the growth during the historic period.
The market size of digital pet care products and services is set to witness speedy expansion in the coming years, projecting a value of $162.94 billion by 2029 with a compound annual growth rate (CAGR) of 11.4%. Factors contributing to the predicted growth during the forecast period are telehealth and remote veterinary services, emphasis on mental health and well-being, subscription-based services, personalized nutrition solutions, a burgeoning aging pet population, and focus on pet fitness and exercise. During the forecast period, key trends will include the rising popularity of intelligent pet products, pet care mobile applications, the integration of IoT in pet tracking and monitoring, personalized pet health records and the impact of social media on pet trends.
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What Key Market Trends and Innovations Are Shaping the Future of theDigital Pet Care Products and Services Industry?
Significant enterprises engaged in the digital pet care goods and services sector are embracing AI-driven solutions for pet tending. For example, in July 2024, Wiggly, a pet care firm based in the US, introduced their AI-powered pet care application. Wiggly’s core feature is a groundbreaking AI chat tool that provides a personal AI assistant dedicated to pet owners, accessible to anyone who downloads the app. Users can count on this virtual pet care assistant for customized, expert advice on various subjects, such as veterinary care, nutrition, behavior, and much more. The chat feature allows customers to ask pet-related queries and get instant expert responses.
Which Companies Are Leading the Charge in Expanding theDigital Pet Care Products and Services Market Growth?
Major companies operating in the digital pet care products and services market are Pet Plan Limited, Hartville Group Inc., PetFirst Healthcare LLC, Anicom Holdings Inc., Direct Line Insurance Group PLC, Trupanion Inc., Pethealth Inc., BabelBark Inc., Banfield Pet Hospital, Chewy Inc., Hill’s Pet Nutrition Inc., PetSmart Inc., Supertails Inc., Wagmo Pet Insurance Agency Inc., Embrace Pet Insurance Agency LLC, Lemonade Insurance Company, American Society for the Prevention of Cruelty to Animals, Petco Animal Supplies Inc., Embark Veterinary Inc., Wisdom Health Genetics LLC, Whistle Labs Inc., AllTrails Inc., PetPlate Inc., BarkBox Inc., NomNomNow Inc., JustFoodForDogs LLC, The Farmer’s Dog Inc., Petcube Inc., Pet Poison Helpline LLC, PetHonesty Inc., FitBark Inc., Pet Assure Corp., Petnostics LLC, Pretty Litter LLC, Sure Petcare Limited, Pawscout Inc.
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How is the Global Digital Pet Care Products and Services Market Segemented?
The digital pet care products and services market covered in this report is segmented –
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
Subsegments:
1) By Pet Food: Dry Food, Wet Food, Treats And Snacks, Specialized Diets
2) By Pet Care Products: Grooming Products, Health And Wellness Products, Accessories, Training Products
3) By Services: Pet Sitting And Dog Walking, Veterinary Services, Grooming Services, Training And Behavior Services, Boarding Services
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https://www.thebusinessresearchcompany.com/customise?id=7985&type=smpGlobal Digital Pet Care Products and Services Market, Global Digital Pet Care Products and Services Market Report, Global Digital Pet Care Products and Services Market Trends, Global Digital Pet Care Products and Services Market Size
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