Emphasis on Pet Type (Dog, Cat, and Others); Services (Group Play Sessions, Poolside Daycare, Grooming, Veterinary, Others); and Region/Country
The global pet daycare market is expected to grow at a significant rate of around 7% during the forecast period. Dogs and cats were the most common household pets, with an estimated 12 million dogs and 12 million cats living in homes. The increasing trend of pet humanization is supposed to grow consumer spending in the household and pet care categories. People are also adopting cats, dogs, and other pets as they are easier to handle and control. They are willing to spend a lot of money to ensure that their pets have the best possible living experience. As a result, pet care products and services such as pet grooming, feeders, bowls, and waterers have also become prominent. Moreover, according to the US Bureau of Labor Statistics, around 103,996 pet grooming businesses that are presently operating in the US have an average growth rate of over 8%.
Best Friends Pet Care Inc., Camp Bow Wow Franchising Inc., Country Comfort Kennels, Country Paws Boarding Inc., Dogtopia Enterprises LLC, Paradise 4 Paws LLC, PetBacker, PetSmart Inc., Preppy Pet Franchises Inc., Urban Tails Pet Resort are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst pet type, dog category to witness robust CAGR during the forecast period”
Based on pet type, the market is segmented into dog, cat, and others. Dog category to witness higher CAGR during the forecast period owing to the surge in pet adoption is the major factor for the growth of this market. For instance, according to the Pet Food Manufacturing Association (PFMA) commissions 2021, in 2021, it was estimated that 17 million (59% of) households have pets, out of which 12.5 million are dogs (33%). Furthermore, Cats are also the preferred type of pet in many countries with a high population density and cities with small residences, such as Indonesia and Malaysia, where cat ownership (47% and 34%, respectively).
“Amongst services, the group play sessions to hold a significant share in the market in 2020”
On the basis of services, the market is categorized into group play sessions, poolside daycare, grooming, veterinary, and others. Among these, the group play sessions to hold a significant share in the market in 2020. This is mainly due to the corporatization of veterinary facilities, and the increase access to quality veterinary services. Moreover, veterinary center ventures are expanding, which assists doctors with giving refined treatments to animal owners. Besides, certain confidential firms in the pet consideration business, like Mars, Inc., are expanding their demand in veterinarian offices to further develop admittance to animal people.
“North America to hold a significant share in the market”
For a better understanding of the market adoption of the Insulin pump industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increase in pet ownership, expenditure on pets, and pet health concerns. Moreover, according to the ‘True Cost of Pet Parenthood report’ published by Rover in 2022, the health & willingness of pet owners to spend on their pets was estimated to have increased. Purchasing behaviors and pet ownership priorities indicated a shift toward prioritization of pet care and preference for products and services.
Reasons to buy this report:
Customization Options:
The global pet daycare market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Pet Daycare Market
6. Pet Daycare Market Revenue (usd Bn), 2020-2028f
7. Market Insights By Pet Type
8. Market Insights By Services
9. Market Insights By Region
10. Pet Daycare Market Dynamics
11. Pet Daycare Market Opportunities
12. Pet Daycare Market Trends
13. Demand And Supply-side Analysis
14. Value Chain Analysis
15. Competitive Scenario
16. Company Profiled
17. Disclaimer
Research Methodology for the Pet Daycare Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global pet daycare market were the three major steps undertaken to create and analyze the adoption of pet daycare market in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Pet Daycare Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the pet daycare market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the pet daycare market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as pet type and services. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Pet Daycare Market. Further, we conducted factor analysis using dependent and independent variables such as various pet type and services of pet daycare market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the pet daycare market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global pet daycare market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global pet daycare market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of pet type and services in the global Pet Daycare Market.
The main objective of the Global Pet Daycare Market Study
The current & future market trends of the global pet daycare market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Customers who bought this item also bought
Experiential Retail Market: Current Analysis and Forecast (2024-2032)
Emphasis on Type of Experience (In-Store Technologies (AR, VR, AI), Multi-Sensory Experiences (Scent, Sound, Visual), Pop-Ups & Immersive Installations, Live Events & Demonstrations, and Others); Retail Format (Department Stores, Specialty Stores, Pop-Up Stores, Flagship Stores, and Others); Industry (Apparel and Fashion, Beauty and Personal Care, Consumer Electronics, Luxury Goods, Food and Beverage, Home Decor, and Others); and Region/Country
November 7, 2024
