1、CONFIDENTIAL DO NOT SHARE OR REPRODUCE?PETMARKETREPORTThe pet market,encompassing a wide range of products and services beyond food,focuses on enhancing the well-being and comfort of pets.This segment is continually growing due to rising pet ownership and the humanization of pets.IntroductionThe ind

2、ustry ofers advanced pet care devices,from smart feeders to pet cameras,targeting the diverse needs of pet owners.Marketing strategies leverage social media and infuencer partnerships,expanding through both online and ofine sales channels.Educating customers and providing robust support are key to b

3、uild-ing market trust.Service and MarketingIn the U.S.,the FDA oversees the safety and labeling of pet care devices,ensuring compliance with regulations to protect both pets and consumers.Devices intended for medical purposes must adhere to strict FDA standards.RegulationProjected 2024 revenue for t

4、he global pet market is set at$18.5 billion,with a CAGR of 8.50%from 2024 to 2031.The U.S.leads this market,with signifcant growth expected in the Asia Pacifc region until 2030.The markets expansion is driven by increasing pet ownership and the rising demand for innovative pet care solu-tions.Market

5、 DynamicsCONFIDENTIAL DO NOT SHARE OR REPRODUCE?MARKET OVERVIEWCONFIDENTIAL DO NOT SHARE OR REPRODUCE?PET MARKET SIZE,CAGR ANDINDUSTRY STATISTICSBase YearHistorical Data Time PeriodForecast PeriodGlobal Pet Market Sales Revenue 2023North American Pet Market Sales Revenue 2023Europe Pet Market Sales

6、Revenue 2023Asia Pacific Pet Market Sales Revenue 2023South America Pet Market Sales Revenue 2023Middle East and Africa Pet Market Sales Revenue 2023Global Pet Market Compound Annual Growth Rate(CAGR)for 2024 to 203120232019-20232024-2031$18.5 Billion$7.03 Billion$5.55 Billion$4.255 Billion$925 Mill