A Shocking Perception Into Pet Ownership Demographics Niq

January 15th, 2024

› The pet food market alone is rising at about 13-15% yearly, according to Statista. This implies that beginning an internet pet store can be worthwhile if you goal the right audience. › Humanisation, premiumisation, health and wellness, sustainability, and digitalisation are the five key tendencies shaping international pet care and these are set to drive demand sooner or later. Its share of revenue additionally spread as a result of “pet parenting” development, in which pet homeowners handled their pets as relations and began supplying them with complementary merchandise. This section accounts for an estimated 40.6% of whole business revenue in 2019.

Pets Market

35% of pet homeowners are extra keen to spend their cash on pet remedy than on themselves. Adopting animals that need a forever house can save money and free up assets for the RSPCA to proceed rescuing animals in need. The group has also microchipped more than 218,000 animals and rehoused more than 39,000 pets.