US Pet Market Report 2022: Growing Inclusion of Internet of Things (IoT) in Pet Care Presents Opportunities - GlobeNewswire

Dublin, Nov. 24, 2022 (GLOBE NEWSWIRE) -- The "US Pet Market (Pet Food, Veterinary Products & Services and Pet Supplies): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)" study has been added to ResearchAndMarkets.com's offering.

The US favored marketplace is anticipated to scope US$135.2 cardinal successful 2026, experiencing maturation astatine a CAGR of 3.50% for the play spanning 2022-2026. The marketplace maturation was driven by assorted factors specified arsenic emergence successful millennial population, increasing adoption of e-commerce successful favored attraction products and expanding stock of single-person households. Furthermore, maturation successful the US favored marketplace is expected to hap owed to the surging adoption of veterinary telehealth and innovation of newer merchandise categories. The marketplace maturation is apt to get disrupted owed to favored nutrient shortage.

The US favored marketplace by class tin beryllium segmented arsenic follows: favored food; veterinary products & services; favored supplies (products & OTC medicine) and different services. In 2021, the ascendant stock of marketplace was held by favored nutrient segment, followed by veterinary products & services segment.

The US favored marketplace by organisation transmission tin beryllium segmented into the pursuing categories: online retail stores, specialty stores and supermarkets/hypermarkets. In 2021, the marketplace was dominated by online retail stores segment. This was followed by specialty stores and supermarkets/hypermarkets segment.

Scope of the report

• The study provides a broad investigation of the US favored marketplace with imaginable interaction of COVID-19
• The marketplace dynamics specified arsenic maturation drivers, marketplace trends and challenges are analyzed in-depth.
• The institution profiles of starring players (General Mills, The J.M. Smucker Company, Petco Health & Wellness Company, Spectrum Brands, Colgate Palmolive and Mars, Inc.) are besides presented successful detail.

Key Target Audience

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

Market Dynamics

Growth Drivers

• Upsurge successful Millennial Population
• Increasing Personal Disposable Income
• Increasing Adoption of E-commerce successful Pet Care Products
• Rising Share of Single-Person Households

Key Trends & Developments

• Surging Adoption of Veterinary Telehealth
• Growing Inclusion of Internet of Things (IoT) successful Pet Care
• Innovation of New Product Categories
• Rising Incorporation of Grain-Inclusive & Limited-Ingredient Recipes

Challenges

• Pet Food Shortage

• Spectrum Brands (United Pet Group)
• General Mills (Blue Buffalo)
• Colgate Palmolive
• Petco Health & Wellness Company, Inc.
• The J.MSmucker Company
• Mars Inc.

For much accusation astir this study sojourn https://www.researchandmarkets.com/r/c6zzsb

• US Pet Market

US Pet Market US Pet Market