Emerging Trends Redefining the Digital Oilfield Market Landscape: Technological Advancement Drives Growth In The Digital Pet Care Products And Services Market
Discover trends, market shifts, and competitive outlooks for the digital pet care products and services industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
#What Are the Key Milestones in the Digital Pet Care Products and Services Market’s Growth Trajectory From 2025 To 2034?
The market for digital pet care products and services has seen robust growth in recent times. The market is projected to expand from $96.52 billion in 2024 to $105.67 billion in 2025, with a compound annual growth rate (CAGR) of 9.5%. Factors contributing to growth during the historic period include the humanization of pets, enhanced understanding of pet health, convenience and accessibility, pet insurance and wellness programs, and increased pet ownership.
Expect a swift escalation in the market size of digital pet care products and services in the upcoming years. It is projected to reach a value of $162.94 billion by 2029, with a compound annual growth rate (CAGR) of 11.4%. The progression during the forecast period is likely due to factors such as remote veterinary services aided by telehealth, emphasis on mental wellness, subscription-driven services, bespoke nutritional solutions, special attention to the elderly pet demographic, and concentration on pet fitness and physical activity. Prominent market trends for the forecast period encompass the rise in smart pet products, mobile applications for pet care, the Internet of Things (IoT) used for pet tracking and surveillance, custom pet health records and the impact of social media on pet trends.
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What Are the Core Market Drivers Propelling Growth in the Digital Pet Care Products and Services Industry?
The uptick in the rate of pet adoption is forecasted to drive the expansion of the digital pet care products and services market. The act of adopting a pet, typically from a shelter or rescue center, is stimulating the need for high-end pet care items and services aimed at maintaining their wellbeing, joy, and security. For example, a survey conducted by the American Pet Products Association (APPA) in association with the human society of the United States, a non-profit organization situated in the U.S., shows that in 2021-2022, out of 128.451 million U.S. households, pets are found in 69 million (54%) of them, with at least one dog in each. As a result, this surge in pet adoption is propelling the advancement of the digital pet care products and services market.
How Is the Digital Pet Care Products and Services Market Segmented?
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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Which Regions Are Driving the Next Phase of the Digital Pet Care Products and Services Market Growth?
North America was the largest region in the digital pet care products and services market in 2024. The regions covered in the digital pet care products and services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Key Market Trends and Innovations Are Shaping the Future of the Digital Pet Care Products and Services Industry?
Leading corporations in the digital pet care products and services market are embracing AI-driven solutions for pet care. For example, in July 2024, Wiggly, a pet care company based in the US, introduced an AI-based pet care application. Wiggly features a unique AI chat option, which offers a personal AI assistant specifically for pet owners to all app users. This virtual pet care assistant provides personalized, professional advice on a variety of subjects, such as veterinary care, nutrition, behavior, among others. Clients can use the chat feature to ask questions related to pet care and receive prompt expert consultation.
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How Is the Digital Pet Care Products and Services Market Defined and What Are Its Core Parameters?
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, behavior, and steps. These devices help get data, which is tracked through a companion app installed on the pet owner’s smartphone.
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