What is Pet Health?
The pet health market is expected to increase during the forecasted period due to the rising number of pet adoption in various actions and the need for taking care of the pets and their health. The pet health can be hindered due to various reasons, one such reason involves any kind of disease, loss of appetite, food side effects, etc. The health of the pet can be taken care of through the pet food, accessories, grooming, and other healthcare services.
The market study is broken down, by Application (Household, Pet Shop, Veterinary and Others) and major geographies with country level break-up.
Elanco (United States), Zoetis Inc. (United States), The J. M. Smucker Company (United States), Blue Buffalo Co., Ltd. (General Mills) (United States), Scott Pet Inc. (United States), United Pet Group (United States), Champion Petfoods LP (Canada), PLB International (Canada), Heristo AG (Germany), Promeal (Pty) Ltd (South Africa) and Unicharm Corporation (Japan) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Pet Health market by Type, Application and Region.
On the basis of geography, the market of Pet Health has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Product, the sub-segment i.e. Pet Food will boost the Pet Health market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product Distribution Channel, the sub-segment i.e. Offline will boost the Pet Health market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Disease Indication, the sub-segment i.e. Arthritis will boost the Pet Health market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 30th April 2020, an Innovative New Pet Health Start-up, Pumpkin Insurance Services, Launches in the U.S. launched by leading animal health company Zoetis. With its holistically designed plans, Pumpkin addresses a gap in the pet care industry by offering competitive pet health insurance and preventive care so pet owners can help their pets stay healthy year-round.
"This ensures their health and well-being, while also allowing for safe human interaction. The Association of American Feed Control Officials (AAFCO) is an independent organization that provides guidance to feed control regulators and the industry by developing uniform standards, laws, and enforcement policies in animal feed production, labeling, distribution, and sale across the states. The Federal Food, Drug, and Cosmetic Act (FD&C Act or FFDCA) require that animal food is safe for consumption, is prepared insanitary conditions, is free of harmful substances, and is properly labeled. These products include anything made for animal consumption, including meals, treats and snacks, nutrient supplements, nutrient-added waters, and edible chews. FDA fulfills its responsibilities for animal feed, including pet food, in part through an agreement with AAFCO, which manages the list of approved animal feed ingredients."
- Introduction of Pet Health-related Wearable Devices to Track the Health Issues
- Need for Pet Health Services and Food as People are Adopting More Pets Worldwide
- Growing Number of Diseases and Health Problems Related to Animals
- Increasing Availability of Pet Health Supplement in the Online Platform
- Surging Spending of People on Pet Health as They are Becoming More Aware
- Risk of Side Effects Involved with the Pet Health Foods
- High Cost Associated with the Pet Food Hindering the Pet Health Market
- A Large Number of Players in the Pet Health Market Increasing the Competition
Key Target AudiencePet Health Care Service Providers, Pet Health Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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