Pet Care Services Industry Profile

Companies in this industry provide grooming, specialized training, and boarding services for companion animals. Major US companies include Best Friends Pet Care, PETCO Animal Supplies, and PetSmart.

The global pet care market is forecast to reach about $427 billion by 2032, at a 6.4% compound annual growth rate (CAGR), according to Fortune Business Insights. Moreover, the growth in the pet foods market was driven by the spike in the number of pets around the world and the rising disposable incomes of people over the years. Central and South America are the regions with the most pet ownership, according to Dogster.

The US pet care services industry includes about 18,500 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $5 billion. The industry includes animal shelters. Services provided by veterinarians and pet supplies retailers, which are not included in the industry, are covered in the Veterinary Services and Pet & Pet Supplies Stores profiles, respectively.

COMPETITIVE LANDSCAPE

Demand is driven mainly by the number of cats and dogs kept as pets, which is affected by demographics and economic conditions. The profitability of an individual pet care company depends on marketing skills, reputation, and the range of services offered. Large companies enjoy economies of scale in marketing as well as better access to capital to invest in boarding and grooming equipment and in training programs. Small practices can compete ...