Pet Products & Services Market Reports
Packaged Facts is your trusted source for market research on the pet products and services industry. As the number of U.S. pet-owning households continues to grow, so too does the demand for more efficient products catering to a wide array of pets. The pet industry market looks to cater to a pet-owning population who increasingly view their furry companions as members of the family, meaning pets' longevity and well-being are quickly becoming the most crucial factors playing into pet owners' purchasing behavior. More consumers means a diversifying pet-owner population, in particular the rapidly growing number of pet owners belonging to either the millennial population or Hispanic population. The pet industry has a growing desire to create products promoting pet wellness as well as easy-to-use services as the demand among pet owners for convenience grows, and as pet owners become more informed about the evolving state of the pet industry's products and services. One recent highlight to watch in the pet products and services market is the slow decline in the U.S. equine industry. Despite renewed interest in horses spurred on by historic horse racing in the last few years, horse ownership numbers continue to steadily drop. In response, the equine industry looks to employ a forward-looking focus on high-growth product segments to give the market a more optimistic future. Our reports examine the key trends in the pet industry, providing market projections and in-depth analysis for the markets you compete in. Our analysts work closely with pet industry experts, associations, and publications, providing accurate and up-to-date market assessments while personally examining retail and service provider venues to offer keen insights into retail and consumer trends.