Table of Contents
Puppy love: Pet owners will invest in premium products and services as the economy improves
Pet Stores in the US
The Pet Stores industry has purred along over the past five years as cats, dogs, fish and birds have remained popular home companions. Pet parents, or pet owners who treat their four-legged friends as family members, have grown increasingly common and facilitated demand for pet stores. Accelerated by economic recovery, the industry has expanded strongly, despite increased competition from supermarkets, mass merchandisers and online retailers that offer consumers greater convenience and competitive prices.
Over the five years to 2022, the Pet Stores industry is projected to maintain strong growth. As the economy continues its upward trajectory and consumers have more discretionary income, revenue from premium products and services is projected to increase.
Moreover, the number of pet-owning households is expected to continue rising, yielding greater demand for industry products.Pet stores sell a variety of pets, including dogs, cats, fish and birds. Stores also sell pet foods and pet supplies, such as collars, leashes, health and beauty aids, shampoos, medication, toys, pet containers, dog kennels and cat furniture. Some stores also offer pet services, such as grooming and training.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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