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The global digital pet care products and services market is experiencing a significant surge, poised for remarkable expansion in the coming years. As of 2022, the market size stands at $80.88 billion, with projections estimating an impressive growth to $89.02 billion in 2023, showcasing a robust Compound Annual Growth Rate (CAGR) of 11%. Looking ahead, the market is anticipated to reach a whopping $129.94 billion by 2027, maintaining a steady CAGR of 9.9%.

Pet Adoption Fueling the Market Surge

• Adoption Rates on the Rise: One of the key drivers of this growth is the escalating rate of pet adoptions worldwide.
• Demand for Premium Care: Pet adoption is not just about bringing a furry friend home; it’s a commitment to their well-being. This surge in adoptions has led to an increased demand for luxury pet care products and services.
• Statistics Speak: According to the 2021-2022 American Pet Products Association (APPA) survey, 54% of U.S. households (69 million) own at least one dog. This growing pet ownership trend is undeniably propelling the digital pet care market forward.

Major Players in the Arena

The landscape of digital pet care is teeming with key players driving innovation and meeting the evolving needs of pet owners. Some major players include:

• Petplan Ltd.
• Hartville Group Inc.
• Trupanion
• Chewy Inc.
• Wagmo Pet Insurance
• Lemonade Inc.
• ASPCA, among others.

Embracing IoT for Pet Well-being

• IoT Integration: A notable trend gaining momentum in the digital pet care industry is the adoption of Internet of Things (IoT) technologies.
• Smart Pet Tracking: Companies are incorporating IoT in pet tracking devices, enabling pet owners to monitor their pets’ activities and locations seamlessly.
• Case in Point: Nestle Purina Australia’s Nestle Purina CHEKR is a connected smart bowl and app that leverages AWS IoT analytics and core, along with Apache Solr, to provide personalized food recommendations based on data points.

Market Segmentation for Precision

The digital pet care market is segmented for a more nuanced understanding, focusing on different aspects:

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

North America Takes the Lead

• Regional Dominance: In 2022, North America emerged as the largest region in the digital pet care products and services market.
• Market Dynamics: The region’s strong position can be attributed to a combination of high pet ownership rates, a culture of pampering pets, and a tech-savvy population embracing digital solutions for pet care.

Read 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

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The Table Of Content For The Digital Pet Care Products and Services Market Include:
1. Digital Pet Care Products and Services Market Executive Summary
2. Digital Pet Care Products and Services Market Segments
3. Digital Pet Care Products and Services Market Size And Digital Pet Care Products and Services Market Growth Rate
4. Key Digital Pet Care Products and Services Market Trends
5. Major Digital Pet Care Products and Services Market Drivers
……
25. Key Mergers And Acquisitions In The Digital Pet Care Products and Services Market
26. Top Digital Pet Care Products and Services Companies
27. Digital Pet Care Products and Services Market Opportunities And Strategies
28. Digital Pet Care Products and Services Market, Conclusions And Recommendations
29. Appendix

The Digital Pet Care Products and Services Market Global Market Report 2023 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the digital pet care products and services market.

View More Reports Related To The Market –
Pet Food Global Market Report 2023
Pet Wearable Global Market Report 2023
Animal Medicine Global Market Report 2023

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