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US Pet Market (Pet Food, Veterinary Products & Services And Pet Supplies): Insights & Forecast With Potential Impact Of COVID-19 (2021-2025)

Published on: May 2021 | From USD $1250 | Published By: KONCEPT ANALYTICS | Number Of Pages: 83

The US pet market is anticipated to reach US$127.87 billion in 2025, experiencing growth at a CAGR of 3.50% during the period spanning from 2021 to 2025. The market growth was driven by various factors such as rise in millennial population, growing adoption of e-commerce in pet care products and increasing share of single-person households. Furthermore, growth in the US pet market is expected to happen due to the surging adoption of veterinary telehealth and innovation of newer product categories. The market growth is likely to get disrupted due to pet food shortage.

The US pet market by category can be segmented as follows: pet food; veterinary products & services; pet supplies (products & OTC medicine) and other services. In 2020, the dominant share of market was held by pet food segment, followed by veterinary products & services segment.

The US pet market by distribution channel can be segmented into the following categories: online retail stores, specialty stores and supermarkets/hypermarkets. In 2020, the market was dominated by online retail stores segment. This was followed by specialty stores and supermarkets/hypermarkets segment.

Scope of the report:

• The report provides a comprehensive analysis of the US pet market with potential impact of COVID-19.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
• The competitive landscape of the market, along with the company profiles of leading players (General Mills, The J.M. Smucker Company, Petco Health & Wellness Company, Spectrum Brands, Colgate Palmolive and Mars, Inc.) are also presented in detail.

Key Target Audience:

• Pet Products/Food Manufacturers
• Raw Material Providers
• End Users (Businesses/Consumers)
• Investment Banks
• Government Bodies & Regulating Authorities

1. Market Overview

1.1 Pet - Introduction
1.2 Domesticated Pets
1.3 Wild Pets
1.4 Positive Impacts of Owning a Pet
1.5 Negative Impacts of Owning a Pet

2. Impact of COVID-19

2.1 COVID-19: Overview
2.2 COVID-19 and Adoption of Domestic Pets
2.3 Impact on Pet Adoption Rate
2.4 Impact of Coronavirus on Pet E-Commerce

3. Market Analysis

3.1 The US Pet Market by Value
3.2 The US Pet Market Forecast by Value
3.3 The US Pet Market by Category
3.3.1 The US Pet Food Market by Value
3.3.2 The US Pet Food Market Forecast by Value
3.3.3 The US Pet Veterinary Products & Services Market by Value
3.3.4 The US Pet Veterinary Products & Services Market Forecast by Value
3.3.5 The US Pet Supplies (Products & OTC Medicine) Market by Value
3.3.6 The US Pet Supplies (Products & OTC Medicine) Market Forecast by Value
3.3.7 The US Pet Other Market by Value
3.3.8 The US Pet Other Market Forecast by Value
3.4 The US Pet Market by Distribution Channel
3.4.1 The US Pet Online Retail Stores Market by Value
3.4.2 The US Pet Online Retail Stores Market Forecast by Value
3.4.3 The US Pet Specialty Stores Market by Value
3.4.4 The US Pet Specialty Stores Market Forecast by Value
3.4.5 The US Pet Supermarkets/Hypermarkets Market by Value
3.4.6 The US Pet Supermarkets/Hypermarkets Market Forecast by Value
3.4.7 The US Pet Other Distribution Channel Market by Value
3.4.8 The US Pet Other Distribution Channel Market Forecast by Value

4. Market Dynamics

4.1 Growth Drivers
4.1.1 Upsurge in Millennial Population
4.1.2 Increasing Personal Disposable Income
4.1.3 Increasing Adoption of E-commerce in Pet Care Products
4.1.4 Rising Share of Single-Person Households
4.2 Key Trends & Developments
4.2.1 Surging Adoption of Veterinary Telehealth
4.2.2 Growing Inclusion of Internet of Things (IoT) in Pet Care
4.2.3 Innovation of New Product Categories
4.2.4 Rising Incorporation of Grain-Inclusive & Limited-Ingredient Recipes
4.3 Challenges
4.3.1 Pet Food Shortage

5. Competitive Landscape

5.1 The US Market
5.1.1 Revenue Comparison- Key Players
5.1.2 Market Capitalization Comparison- Key Players
5.1.3 Research & Development Expenditure Comparison- Key Players

6. Company Profiles

6.1 Spectrum Brands (United Pet Group)
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategies
6.2 General Mills (Blue Buffalo)
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategies
6.3 Colgate Palmolive
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategies
6.4 Petco Health & Wellness Company, Inc.
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategies
6.5 The J.M. Smucker Company
6.5.1 Business Overview
6.5.2 Financial Overview
6.5.3 Business Strategies
6.6 Mars Inc.
6.6.1 Business Overview
6.6.3 Business Strategies

List of Charts

Common Categories of Pets
Classification of Domesticated Pets
The US Pet Adoption Rate (2019 & 2020)
The US Pet Market by Value (2016-2020)
The US Pet Market Forecast by Value (2021-2025)
The US Pet Market by Category (2020)
The US Pet Food Market by Value (2016-2020)
The US Pet Food Market Forecast by Value (2021-2025)
The US Pet Veterinary Products & Services Market by Value (2016-2020)
The US Pet Veterinary Products & Services Market Forecast by Value (2021-2025)
The US Pet Supplies (Products & OTC Medicine) Market by Value (2016-2020)
The US Pet Supplies (Products & OTC Medicine) Market Forecast by Value (2019-2024)
The US Pet Other Market by Value (2016-2020)
The US Pet Other Market Forecast by Value (2021-2025)
The US Pet Market by Distribution Channel (2020)
The US Pet Online Retail Stores Market by Value (2016-2020)
The US Pet Online Retail Stores Market Forecast by Value (2021-2025)
The US Pet Specialty Stores Market by Value (2016-2020)
The US Pet Specialty Stores Market Forecast by Value (2019-2024)
The US Pet Supermarkets/Hypermarkets Market by Value (2016-2020)
The US Pet Supermarkets/Hypermarkets Market Forecast by Value (2021-2025)
The US Pet Other Distribution Channel Market by Value (2016-2020)
The US Pet Other Distribution Channel Market Forecast by Value (2021-2025)
The US Millennial Population (2019-2027)
The US Personal Disposable Income (2014-2020)
The US Households Buying Pet Products Online (% Change) (2015-2020)
The US Single-Person Households (2014-2020)
The US Veterinary Telehealth Market (2016-2022)
The US Pet Wearable Market (2016-2022)
Spectrum Brands Revenue & Net Income (Loss)(2016-2020)
Spectrum Brands Revenue by Segment (2020)
Spectrum Brands Revenue by Region (2020)
General Mills Net Sales & Net Earnings (2016-2020)
General Mills Net Sales by Segment (2020)
Colgate Palmolive Sales & Net Profit (2016-2020)
Petco Health & Wellness Company, Inc. Net Sales & Net Loss (2018-2020)
The J.M. Smucker Company Net Sales & Net Income (2016-2020)
The J.M. Smucker Company Net Sales by Segment (2020)
The J.M. Smucker Company Net Sales by Region (2020)

List of Tables

Key Players - Revenue Comparison (2020)
Key Players – Market Capitalization Comparison (2021)
Key Players – R&D Expenditure Comparison (2020)
Spectrum Brands Segment Description

SECONDARY RESEARCH
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PRIMARY RESEARCH
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MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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