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Despite a persisting pandemic and ongoing economic uncertainties, 2020 global pet care sales were upgraded in this quarter. Pet owners have not compromised on product quality standards; and have bought more treats. The isolation brought about by more at-home living has fostered more time and money spent on pets. In some markets, pet products have even benefited from new pet adoptions. Innovation will remain key to sustaining growth momentum but price point will increasingly matter to pet owners.
Euromonitor International's Pet Care: Quarterly Statement Q4 2020 global briefing offers an insight into the development of the market, highlights buzz topics, emerging geographies, categories and trends as well as pressing industry issues and white spaces. It identifies the leading and emerging companies and brands, offers strategic analysis of key factors influencing the market, including background information on pet population, pet ownership by household and prepared gap ratio. Forecasts illustrate how the market is set to change and criteria for success.
Product coverage: Pet Food, Pet Products.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Introduction
Drivers
Q4 Macroeconomic Update
Q4 Pet Care Update
Conclusion