Growing Inclusion of Internet of

Dublin, Nov. 24, 2022 (GLOBE NEWSWIRE) — A report titled “US Pet Food Market (Pet Food, Veterinary Products & Services, and Pet Supplies): Insights and Forecasts with Potential Impact of COVID-19 (2022-2026)” has been released. added ResearchAndMarkets.com the offer.

The US pet market is expected to reach USD 135.2 billion in 2026, growing at a CAGR of 3.50% during the period 2022-2026. The growth of the market was driven by various factors such as the rise in the millennial population, increasing adoption of e-commerce in pet care products, and the increasing proportion of single-person households. Additionally, the US pet market is expected to grow due to increasing adoption of veterinary telehealth and innovation in newer product categories. The market growth is likely to be hampered by shortage of pet food.

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The US pet market can be segmented by category as follows: pet food; veterinary products and services; pet supplies (products and OTC drugs) and other services. In 2021, the dominant market share was held by the pet food segment, followed by the veterinary goods and services segment.

The US pet market can be segmented by distribution channel into the following categories: online retail stores, specialty stores, and supermarkets/hypermarkets. In 2021, the online retail store segment dominated the market. This was followed by the specialty stores and supermarkets/hypermarkets segment.

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Message scope

  • The report provides a comprehensive analysis of the US pet market with the potential impact of COVID-19
  • Market dynamics such as growth drivers, market trends and challenges are analyzed in depth.
  • Company profiles of leading players (General Mills, The JM Smucker Company, Petco Health & Wellness Company, Spectrum Brands, Colgate Palmolive and Mars, Inc.) are also presented in detail.

Main target audience

  • Pet product/food manufacturers
  • Suppliers of raw materials
  • End users (businesses/consumers)
  • Investment banks
  • Governmental authorities and regulatory authorities

Market dynamics

Drivers of growth

  • Millennial population growth
  • Increasing personal disposable income
  • Increasing e-commerce in pet care products
  • The share of single-person households is increasing
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Main trends and developments

  • Rapid adoption of veterinary telehealth
  • The growing incorporation of the Internet of Things (IoT) into pet care
  • Innovation of new product categories
  • The inclusion of grains and limited ingredient recipes is on the rise

Challenges

Main topics covered:

1. Market overview

2. Impact of Covid-19

3. Market analysis

4. Market dynamics

5. Company profiles

The mentioned companies

  • Spectrum Brands (United Pet Group)
  • General Mills (Blue Buffalo)
  • Colgate Palmolive
  • Petco Health & Wellness Company, Inc.
  • Company J.MSmucker
  • Mars Inc.

For more information on this report, visit https://www.researchandmarkets.com/r/c6zzsb


        

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