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Although veterinary services still account for approximately three-quarters of pet care service revenues in the United States, regional and national “one-stop” centers are emerging as an important force in this market, as PETsMART and PETCO continue to legitimize pet services in the eyes of consumers and fuel incremental market growth. This new Market Trends report from Packaged Facts examines the U.S. market for pet care services of all kinds—including Veterinary, Boarding, Grooming, Training, Pet Sitting, Travel, and Funerary/Cremation—whose future seems assured by the growing range of costlier healthcare options for pets (spurred in part by growing populations of geriatric and overweight pets), as well as other factors including the ever-important “pets-as-family” trend, the “Convenience Pets” trend, and the “At-Home” trend in pet care services. Currently valued at over $16 billion and forecast to top $22 billion in 2008, the pet services market is the fastest-growth pet market of all, outpacing both food and non-food supplies. As a result, Packaged Facts predicts a surge of “cross-over” branded pet product retailers and marketers into this field—as has already begun to happen with Radio Systems’ new PetSafe Village, and with human product marketers like John Paul Pet now talking about franchised pet salons. At the same time, PETsMART and PETCO continue to sharpen their double-digit growth focus on pet services, with daycare and dog training considered especially hot areas. The U.S. Market for Pet Care Services also explores what local and regional service providers are doing to protect their base of loyal customers, and how smaller players are finding success in add-on services as well as innovative niches ranging from luxury spa to mobile grooming to Internet-based training and travel services to cremation/funerary/bereavement services for pets.
Introducing Market Trends
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