Pet Stores in the US
The Pet Stores industry has prospered over the five years to 2019 due to improvements in household finances and rising pet ownership among millennials. Moreover, pet parents have increasingly lavished their pets with premium food products, designer pet accessories and luxury grooming services. The industry has expanded strongly during the five-year period despite mounting competition from supermarkets, mass merchandisers and online retailers. Since pets are viewed as family members, favorable economic conditions have enabled pet owners to increase spending on industry's products through rising disposable income levels. Over the five years to 2024, the Pet Stores industry's growth is anticipated to remain robust. Despite the economy expected to continue moving in a favorable direction, competition from online retailers, mass merchandisers and discount department stores will be more vigorous.
Pet stores sell a variety of pets, including dogs, cats, fish and birds. Stores also sell pet foods and pet supplies, such as collars, leashes, health and beauty aids, shampoos, medication, toys, pet containers, dog kennels and cat furniture. Some stores also offer pet services, such as grooming and training.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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