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Asia Pacific Pet Care Market report 2021-2027 by Regional Revenue and Growth Analysis

Asia Pacific Pet Care Market Size is estimated to cross USD 132.1 Billion By 2027. Rise in pet adoption for companionship has led to increased spending on pet care. High disposable income and rising prevalence of zoonotic diseases has further augmented the spending on animal healthcare. Pet owners are spending huge amount to give same organic lifestyle to their pets. Furthermore, pet owners are spending more on pet services such as grooming, walking, boarding, exercise, training, pet-sitting and yard service.

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Asia Pacific Pet Care Market report 2021-2027 by Regional Revenue and Growth Analysis

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  1. Asia Pacific Pet Care Market to reach $132.1 Bn by 2027: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. Asia Pacific Pet Care Market Size is estimated to cross USD 132.1 Billion By 2027. Rise in pet adoption for companionship has led to increased spending on pet care. High disposable income and rising prevalence of zoonotic diseases has further augmented the spending on animal healthcare. Pet owners are spending huge amount to give same organic lifestyle to their pets. Furthermore, pet owners are spending more on pet services such as grooming, walking, boarding, exercise, training, pet-sitting and yard service. Availability of advanced pet surgical procedures, specialty pet services and rise in pet insurance will positively impact pet care market growth. The use of pet medicines and supplements to ensure healthy lives for pets continues to upsurge. Moreover, pet owners are more likely to use digital devices and technology to rise the popularity of pet technology products. Hence, the above-mentioned factors will drive the pet care market growth in the coming years.  However, high pet care cost and lack of awareness in some of the countries across the region may impede the Asia Pacific pet care market growth. Based on type, the Asia Pacific pet care market is segmented into pet food, pet care products and services. Pet food segment held the market share of around 24% in 2020 and is anticipated to follow the same trend in the coming years. The rapid growth of the segment is owing to the rising number of pet owners shifting towards the benefits of protein-rich diet, to increase muscle mass & strength, promote satiety, and assist pets in maintaining the ideal body condition. Hence, the above mentioned factors will significantly foster the market growth in the coming years. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Get sample copy of this research report @ http://bit.ly/3jGIOya Request for customization @ http://bit.ly/3rFihE2 ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. Based on animal, the Asia Pacific pet care market is segmented into dogs, cats, birds, fishes, horses and others gloves. Cats segment held the market share of around 43% in 2020. The high market share is owing to the growing adoption of cats as companion animals. Also, with increasing adoption rate of cats, the expenditure on cat care products will witness steady growth in the future that in turn will drive the overall market growth. Hence, owing to these attributes the market will witness a significant growth in the coming years. Based on distribution channel, the Asia Pacific pet care market is segmented into stores, E-commerce and others. E-commerce segment is anticipated to expand at 10.6% CAGR from 2021 to 2027. The higher growth of the segment is owing to the availability of cost-effective products on E-commerce platform and flexibility provided to the consumers. Preference for E-commerce websites for pet care products is growing among pet owners as they are willing to spend more on pet care and grooming products. Also, various pet care brands are opting to sell their products online as they get a greater number of customers online. In addition, various pet care product manufacturers are adopting E-commerce to build a better online experience for their consumers, thereby exploring huge sales opportunities. Hence, the above-mentioned factors will stimulate the market growth in the coming years. Japan pet care held the market share of around 20% in 2020 and is expected to witness slow growth in the coming years. Growing number of people living alone in the country and shifting demographic trends is stimulating the younger generation to own pets as a source of companionship. Furthermore, rising awareness pertaining to pet health has propelled the demand for natural and nutritious pet foods in the country. Presence of major players in the country has further offered accessibility to the branded products in the country that in turn is driving the pet care market growth. Hence, owing to these attributes the country is projected to witness a substantial growth in the coming years ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. Segmentation of Asia Pacific Pet Care Market: • Asia Pacific Pet Care Market, By Type, 2016-2027 (USD Million) • Pet Food • Pet Care Products • Asia Pacific Pet Care Market, By Animal, 2016-2027 (USD Million) • Dogs • Cats • Birds • Asia Pacific Pet Care Market, By Distribution Channel, 2016-2027 (USD Million) • Stores • E-commerce • Others • The above information is provided for the following region and countries: • Japan • South Korea • India ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  7. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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