Pet Care Services Industry Profile

Companies in this industry provide grooming, specialized training, and boarding services for companion animals. Major US companies include Best Friends Pet Care, PETCO Animal Supplies, and PetSmart.

The global pet care market is forecast to reach about $240 billion by 2026, at a 5.2% compound annual growth rate (CAGR), according to a new market study published by the Global Industry Analysts Inc (GIA). Moreover, the growth in the pet foods market was driven by the spike in the number of pets around the world and the rising disposable incomes of people over the years. The US, Brazil, China, Russia, and Japan are among the top countries that pet dogs. India has the fastest growing dog population in the world, according to Mappr.

The US pet care services industry includes about 18,500 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $5 billion. The industry includes animal shelters. Services provided by veterinarians and pet supplies retailers, which are not included in the industry, are covered in the Veterinary Services and Pet & Pet Supplies Stores profiles, respectively.

COMPETITIVE LANDSCAPE

Demand is driven mainly by the number of cats and dogs kept as pets, which is affected by demographics and economic conditions. The profitability of an individual pet care company depends on marketing skills, reputation, and the range of services offered. Large companies enjoy economies of scale in marketing ...