The pet care market is anticipated to expand significantly owing to the increasing adoption of pets, rising disposable income, increasing demand for mobile pet grooming, and rising prominence of numerous e-commerce platforms. The pet industry has been experiencing healthy growth in recent years driven by shifting consumer perceptions wherein pets are being considered akin to family members.

Similar to children, pets require equal amount of attention as well as medical care. The aforementioned change in perceptions means that pet owners are becoming increasingly willing to spend more on the wellbeing of their companion animals.

Mobile pet grooming is also rapidly expanding for a host of reasons. According to American Pet Products Association, in 2019, Americans spent nearly $95.7 billion on pets, with around $10.3 billion on services such as grooming, pet walking & sitting, insurance, training, and boarding among others.

With busy and hectic lifestyles, a greater number of people now seek ease and convenience in caring for their pets. Thus, this sector is likely to emerge as one of the fastest growing sectors. The market for pet care is further likely to be driven by new innovations and technological advancements as well as the advent of online shopping.

The pet care market is bifurcated in terms of type, animal, distribution channel, and regional landscape.

Based on type, the market for pet care is classified into services, pet care products, and pet food. In 2020, the services segment was valued at $66.6 billion and is likely to expand at a CAGR of 8.8% over the projected time period. This anticipated growth is attributed to the increasing demand for grooming services coupled with high disposable income of pet owners.

With respect to animal, the pet care market is categorized into fishes, dogs, birds, horses, cats, and others. In 2020, the fishes segment was valued at more than $10.3 billion. The segment is further anticipated to witness 5.5% CAGR over the estimated time period. Rise in adoption rate have been attributed to the fact that fishes have varied shapes as well as sizes, and vibrant colors, which makes them as one of the popular choices for companion animals.

In terms of distribution channel, the overall market is divided into e-commerce, stores, and others. E-commerce segment will show more than 10.2% growth over the estimation time period. Increase in the number of online channels to meet growing pet owners' needs will drive segmental growth in the coming years.

From a regional frame of reference, in 2020, the Latin America pet care market was valued at $20.3 billion and is projected to grow at a respectable CAGR of 6.3% over the forecast time period. Rise in the adoption of pets in countries including Colombia, Brazil, Mexico, and Chile will be one of the major factors for market growth in the region.