The Rise of Pet Parenting: A Major Growth Driver for the Pet Care...

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2026-06-12 13:23:39

The Rise of Pet Parenting: A Major Growth Driver for the Pet Care Industry

The global pet care market is experiencing remarkable growth as pet ownership continues to rise worldwide and consumers increasingly prioritize the health, wellness, and comfort of their companion animals. Valued at US$ 185.6 billion in 2022, the global market is projected to expand at a CAGR of 5.6% from 2023 to 2031, reaching an estimated US$ 298.7 billion by the end of the forecast period....

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