Global pet care products market size by region 2017
North America was responsible for almost 45 percent of all pet care sales worldwide in 2017. Sales in this region reached approximately 48.8 billion U.S. dollars in that year, clearly showcasing its dominance within the industry. This comes as no surprise when you consider that most of the leading pet food companies worldwide are based in the United States. Western Europe and Latin America ranked in distant second and third places, with sales of around 29 and 11 billion U.S. dollars respectively.
Pet care breakdown
In 2025, pet food is forecast to be the most valuable segment within the pet care sector, with worldwide market revenue expected to reach approximately 34 billion dollars. Veterinary care and over-the-counter supplies are forecast to be the second and third highest grossing revenue segments in that year.
Future regional growth
When it comes to future development of the pet care market, Asia Pacific is the region expected to grow the most in 2022, with a forecast growth rate of 9.3 percent. In comparison, the North American market is expected to grow by just 2.3 percent in the same time period. Therefore, North America’s dominance within this industry may well be reduced in the coming years.
Pet care breakdown
In 2025, pet food is forecast to be the most valuable segment within the pet care sector, with worldwide market revenue expected to reach approximately 34 billion dollars. Veterinary care and over-the-counter supplies are forecast to be the second and third highest grossing revenue segments in that year.
Future regional growth
When it comes to future development of the pet care market, Asia Pacific is the region expected to grow the most in 2022, with a forecast growth rate of 9.3 percent. In comparison, the North American market is expected to grow by just 2.3 percent in the same time period. Therefore, North America’s dominance within this industry may well be reduced in the coming years.
