Dublin, April 12, 2021 (GLOBE NEWSWIRE) -- The "U.S. Pet Market Outlook, 2021-2022" report has been added to ResearchAndMarkets.com's offering.
U.S. retail sales of pet products and services reached $107 billion in 2020, up 9% over 2019, due largely to a COVID-19 driven spike in the pet population. All pet and veterinary industry trends - from how and why we get new pets to which pet care services we use and where - now intertwine with retail channel shopping trends.
Because most of the pet industry impacts associated with COVID-19 are in fact accelerations of existing trends, only a limited "return to normal" can be expected. Instead, COVID-19 has fast-forwarded the industry into the future. In 2021 and beyond, this new iteration of an "omnimarket" competitive landscape will be evident in several trends and effects:
- A permanent remix of physical and digital shopping behaviors.
- A growing role for direct manufacturer-to-consumer selling and shipping, along with retailer-based autoship and same-day delivery.
- A continued diversification of the veterinary sector, including through in-store clinics or at-store vet clinic pop-ups, along with online pet pharmacies.
- An expanded role for store-anchored (brick-and-mortar and/or virtual) pet acquisition or adoption, new pet set up, and training/obedience services.
- Along with the re-confirmed recession resistance of the pet industry, several factors support a very positive near- and long-term outlook for the pet market. A surge in pet acquisition and adoption, across pet types, continued through the Christmas/Winter Holidays 2020. And once pets are homed, as evident in robust pet product sales and veterinary service revenues despite COVID, most pet care spending is non-discretionary. Moreover, stay-at-home and work-from home dynamics during the pandemic have deepened human/pet bonds, increasing the disposition among pet owners and "pet parents" to spend generously on pet care products and services to keep their pets (and themselves) healthy and happy.
Key Topics Covered:
CHAPTER 1: EXECUTIVE SUMMARY
SCOPE & METHODOLOGY
MARKET SIZE AND GROWTH
- Pet Industry Reset: Above Average Growth in Three of Four Sectors
- Pet Product and Service Spending Per Pet-Owning Household
- Retail Channel: Pandemic Accelerates E-commerce
- Looking Ahead: Growth Market-wide Through 2025
- Table 1-1 Projected 2021-2025 U.S. Retail Sales of Pet Products and Services: By Sector (in billions of dollars)
MARKET DRIVERS
- COVID Economy Impact on Pet Owner Spending Mindset
- Pandemic Intensifies Focus on Health and Wellness
- Pandemic Fuels Pet Population Boom
- Economic Challenges Put Limited Strain on Topline Pet Ownership
- Dog and Cat Ownership Down Among Lower-Income Households
- Catering to Deal-Seekers
- Pandemic Accelerates Digital Pet Care
- E-commerce
- Veterinary Telemedicine
- "Smart" Products
- Pet Rescue Efforts Ramp Up During Pandemic
- Sustainability and Animal Welfare
- Investment and M&A
OVERALL INDUSTRY TRENDS
- Pandemic Reset: Birdseye View
- Industry Overview
- An "Omnimarket" Era
- Leading Pet Product Marketers and Brands
- Leading Veterinary and Non-Medical Pet Service Operators
- Fast-Growing Franchises and Private Companies
- Pet Industry Leaders Launch Venture Funds Targeting Promising Start-Ups
- Pandemic Resilience Spurs Investment Boom
FOCUS ON PET FOOD & TREATS
- Pandemic Reset: Accelerated Innovation
- Channel Choices
- Pet Food Industry Investment Shows Strategic Directions
- Four Natural Pet Food Pioneers Change Hands
- Superpremium = Natural - and "Healthier"
- Fresh Pet Food
- DTC Fresh Pet Food Marketers Enamor Investors
- Sustainable Dovetailing with Alternative Protein
- Science-Based Diets Dovetailing Into Natural
- Lessons in DCM/Grain-Free Stumble
FOCUS ON NON-FOOD PET SUPPLIES
- Pandemic Reset: Health, Home, New Pets
- Channel Choices
- Pet Supplements in COVID Overdrive
- Pet Medications Also Riding COVID-Driven Hyper Health Wave
- Focus on Home: Pets, Products, Positioning
- BarkBox/Northern Star Merger Klieg-lights Subscription/DTC Sales
- "Smart" Products Get Pandemic Push
FOCUS ON VETERINARY SERVICES
FOCUS ON NON-MEDICAL PET CARE SERVICES
INTERNET AND RETAIL TRENDS
PET POPULATION TRENDS
OPPORTUNITIES
CHAPTER 2: MARKET SIZE AND GROWTH
CHAPTER HIGHLIGHTS
MARKET SIZE & GROWTH
MARKET DRIVERS
CHAPTER 3: OVERALL INDUSTRY TRENDS
CHAPTER HIGHLIGHTS
INDUSTRY TRENDS
INDUSTRY OVERVIEW
CHAPTER 4: FOCUS ON PET FOOD & TREATS
CHAPTER HIGHLIGHTS
PET FOOD AND TREATS
CHAPTER 5: FOCUS ON NON-FOOD PET SUPPLIES
CHAPTER HIGHLIGHT
NON-FOOD PET SUPPLIES
CHAPTER 6: FOCUS ON VETERINARY SERVICES
CHAPTER HIGHLIGHTS
THE VETERINARY SECTOR
VETERINARY CARE CUSTOMER PATTERNS
CHAPTER 7: FOCUS ON NON-MEDICAL PET CARE SERVICES
CHAPTER HIGHLIGHTS
NON-MEDICAL PET CARE SERVICES SECTOR
CHAPTER 8: INTERNET AND RETAIL TRENDS
INTERNET AND RETAIL
OVERVIEW OF SHOPPING PATTERNS
CHANNEL SALES AND SHOPPING PATTERNS: PET FOODS VS. PET SUPPLIES
E-COMMERCE AND THE INTERNET'S INFLUENCE
CHAPTER 9: PET POPULATION TRENDS
CHAPTER HIGHLIGHTS
PET POPULATION AND PET OWNERSHIP
TOPLINE OVERVIEW OF PET OWNERSHIP
For more information about this report visit https://www.researchandmarkets.com/r/hjv4xs
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