The pet care industry has been undergoing digital transformation. The global market value size of pet care is set to reach USD207 billion in 2025, presenting great opportunities to embed finance across the key phases in the customer journey.
Today’s pet care industry is among the better performing consumer goods industries. Fundamentally driven by a growing sophistication in raising pets, the industry is becoming increasingly lucrative, attracting many new players. However, the realities of accessing markets, such as localisation costs, can hinder business opportunities.
President Trump’s tariffs are a strategy, what the President refers to as a “medicine”, to break the US addiction to low-cost manufacturing which is part of generating the trade deficit with China. Using cookware as an example for data specifics, we can show how tariff policies imply double-digit inflationary pressure is landing in 2025 and show why investment in India is heating up.
This infographic highlights recent trends in home care and Euromonitor's projections for the industry.
Sustainability and circularity are key consumer priorities, influencing purchasing decisions. While many industries have adopted these principles, others are slower to integrate them, viewing circularity as a customer-desired attribute rather than a strategic opportunity for gain.
Online pet specialists are classified in the Euromonitor e-commerce database as “home products specialists”. Currently, they are losing market share to groceries, marketplaces or both. How strong this trend is depends on the market, but the channel isn’t performing well anywhere.