It is estimated that Pet Care Market is expected to grow at a CAGR of 4.1% during the forecast period 2017-2023In recent time, pet owners treat their pets as their family members which in turn, is expected to propel the pet care market. Pet care, in general, comprises pet healthcare, pet food, and pet services. As per the statistics suggested by the American Pet Products Association (APPA), the actual U.S. pet industry expenditures for the year 2016 is $66.75 billion, and the number has increased by 4.2% from the previous year.
By taking pet’s healthcare and safety into consideration, certain technologically advanced pet products such as computerized feeders, pedometers, etc., have been introduced

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Notably, preferring prime healthcare and food products for pets by their owners is the key factor driving the pet care market. Additionally, increasing disposable incomes in the middle-income groups, increasing power of e-commerce, increase in pet population and rising trend of bringing pets to home are fueling the market for pet care. However, other factors like increasing prices of pet care products, strict regulations imposed by the government, and chances of allergy from animal allergens may hamper the growth of the market over the review period.

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Key Players and Competition Analysis
Some of the key players in the market are Aller Petfood Llc, Ancol Pet Products Limited, Beaphar, BHJ, Martin & Martin (Pty) Ltd., earthbath, J.M. Smucker Company, Nestlé, PetLife LLC and Platinum Pets.

Segmentation Analysis- The pet care market is segmented on the basis of type, and product & services
On the basis of type, the market is segmented into dog, cat, and others.
On the basis of product & services, the market is segmented into pet food, pet healthcare products, and others. Pet healthcare products are further segmented into medicines, vaccines, and others.

Regional Analysis
The pet care market is segmented into Americas, Europe, Asia Pacific, and Middle East & Africa
Geographically, the Americas continue to lead in the pet care market due to rising trend of pet humanization. It is estimated that in Asia Pacific, increasing disposable income, and changing lifestyle are propelling the growth of pet care market to a great extent. In Asia Pacific, India commands the highest market share in the market.
Increasing awareness about healthy pet foods and altering socioeconomic status may intensify the growth of the pet care market in the Middle East also.


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