Albany, NY -- (SBWIRE) -- 02/19/2015 -- The global pet care market is characterized by evolving competitive dynamics. Hence, it becomes imperative that market players gain forward-looking insights into the pet care market. This report offers a meticulous study of the current trends that influence - or restrict - the growth of this market. It also offers a lowdown on the current structure of the market, and potential opportunities that emerge as the market composition gradually undergoes a change. Market projections have been provided in terms of revenue (USD million) and volumes (million tons).

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This report also enables you to gain insight into the important product segments and whether they are likely to yield returns in the future. This holistic market research report helps players take well-informed decisions that are based on accurate and reliable insights. The report also creates a picture of the future positions of buyers, manufacturers and suppliers using Porter's five force model. An in-depth company profiles section brings you abreast of the latest strategies, product portfolio and financial standing of your competitors. The use of graphics and charts to illustrate our analyses makes this report easy to comprehend.

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Overview

A number of changing socio-economic and cultural factors have led to domestic pets being regarded as a member of the family. The quality of nutrition, medical care, and recreational facilities provided to pets has undergone a sea change. The ownership of pets among middle class families is growing exponentially. The pet care market primarily comprises pet food and pet health care. This report considers the common types of pets such as dogs, cats, fish, and birds. The other not-so-common types of pets are classified under the 'Others' category in this market research report. Pet owners primarily spend on dog food and cat food, making this category the largest within the pet care market. Spending in this category is likely to rise, as pet owners are expected to increase in numbers as well. Some of the reasons that will led to more people owning pets are: shrinking family sizes in developing countries, an aging population, and international urbanization. All of these factors will drive the pet care market, leading it unprecedented growth figures.

It is no wonder then, that spending on pet food and other related pet care products is witnessing a steep rise internationally. However, countries such as Brazil and India have taken a lead as far as the pace of growth is concerned. A myriad of opportunities exist for market players to respond to this growing consumer demand. There is immense scope not just for research and development, but also for services relating to pet care, such as grooming and pet nurseries.

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