Pet & Pet Supplies Stores Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 9/12/2022
SIC Codes: 5999
NAICS Codes: 45391
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Pet & Pet Supplies Stores Industry Profile

Companies in this industry operate physical retail establishments that sell pets, pet foods, and pet supplies. Major companies include Petco, Petland, and PetSmart (all based in the US); along with Global Pet Foods and Pet Valu (both based in Canada), and Pets at Home (UK).

The global pet and supply store market is heavily dominated by the US, followed by counties such as Brazil, Germany, the UK, and France, according to Statista. Latin America followed by Russia are the regions with the higher rate of pet ownership, according to Modern Cat.

The US pet and pet supply store industry includes about 10,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $18 billion.

COMPETITIVE LANDSCAPE

Pet ownership drives demand, and spending generally resists economic cycles. Profitability for individual companies depends on the ability to generate store traffic and effective merchandising. Large companies offer low prices and wide selections of both products and services. Small companies compete effectively by serving a local market, selling unique products, offering specialized services, or providing pet expertise. The US industry is concentrated: the four largest companies account for about 65% of industry revenue.

Competitors include grocery stores, warehouse clubs, mass merchandisers, internet retailers, and some veterinary clinics. By offering the premium pet food brands pet owners want at competitive prices, mass merchandisers and online players, including Amazon and Chewy.com, are siphoning sales from pet ...

 
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