IN ITS REPORT, “Pet Care E-commerce Market Size, Share & Trends Analysis Report by Product (Pet Food, Grooming, Medications),” Grand View Research explores how nationwide lockdowns, isolation and limited veterinarian visits during the pandemic affected and will continue to drive the global pet care e-commerce market. Here are some fast facts from the study.
Two make 80
1. There are clear leaders in the pet e-commerce category, with Chewy.com and Amazon reining in 80% of the online pet food sales in the market.
Asia Pacific rising
2. Growing economies and pet adoptions are driving a lucrative compound annual growth rate (CAGR) that will reach 10% in the Asia Pacific region.
North America dominates
3. With the highest number of pet parents registered in this region, plenty of retailers with online platforms and strong awareness among pet parents of online platforms, North America held the dominant revenue share in 2019.
Howling growth ahead for canine segment
4. Kitties might rule the Internet, but dogs still are the pet market’s darlings. The canine segment is projected to expand at a CAGR of more than 10% from 2020 to 2027.
Sky and sea
5. Sales will soar for the exotic bird and pet fish segment. The bird-and-fish segment is forecasted to have the fastest growth thanks to increased demand for pet care products, including birdcages and fishbowls.