Published on : Mar 17, 2017
Albany, New York, March 17, 2017: An animal kept by humans for companionship or protection is called a companion animal or a pet. Companion animals are not kept as working animals, sports animals, laboratory animal or livestock. A new research report titled ‘Global Companion Animal Care Market Size, Trends & Forecasts’ has been recently published on the online repository of Market Research Hub (MRH). This report provides analysis of the global companion animal care industry, with detailed study of market size and growth, penetration, market share and economic impact of the industry. The report also includes the companion animal care market analysis of the US, UK and ANZ region.
Firstly, the report provides a basic outline of the global companion animal care industry including its introduction, executive summary, companion animal market segmentation, organization, financial highlights and business review. Brief analysis of development plans, current status, future prospects, history, types of Companion Animal are also precisely discussed. Companion animals are categorized as Mammals, which include dogs, cats, horses, cows, pigs and others. Also categorized under birds, which include parrot, chickens, domestic canary, domestic pigeons and others. Whereas, fishes includes gold fish, koi, siamese fighting fish, barv, betta and others.
Companion animal care market is segmented into the following:
- Veterinary Services
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Secondly, the report also considers the major opportunities in the market and outlines the aspects that are or will be driving the growth of the market. Growth rate of the overall global companion animal care market has been predicted for 2017-2021, taking into account the previous growth pattern, the growth drivers and the current and forthcoming industry trends. As per the report, the market is expected to grow at a significant rate during the forecast period. This global market is supported by various growth drivers, such as aging population, growing pet ownership, increasing pet insurance, etc. While the market faces some challenges, which are rising prices of pet care products, rise in household prices, allergies from pets, etc. Global market trends are precisely examined as its understanding would help to scale your position and to identify where to compete in the future. It identifies the extent of risk and opportunities, which will aid effective marketing planning. The report also includes expense on cats and dogs by category, premium, organic and natural products and mobile pet grooming. Some of the regions studied in the report are US, UK, Australia and New Zealand.
Key players operating in the global companion animal care market are Ancol Pet Products Limited, Mars Incorporated, JM Smucker (Big Heart Pet Brands) and Beaphar International. Each company is individually studied with information like company profiling, contact information, business overview, financial overview and business strategies.
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