ROCKVILLE, Md., Nov. 19, 2020 /PRNewswire/ -- Market research
firm Packaged Facts estimates that U.S. retail sales of durable pet
care products for dogs and cats will reach $5.7 billion by the end of 2020, up 9.9% from
$5.2 billion in 2019 and from
$4.7 billion in 2015, reflecting a
3.9% compound annual growth rate (CAGR) for the 2015-2020 period.
These findings were published in the recent study Durable Dog
and Cat Petcare Products, 3rd Edition.
"After years of moderate growth, the 2020 bump is a welcome
surprise to pet marketers initially fearful that the coronavirus
outbreak would stifle sales," says David
Sprinkle, research director for Packaged Facts.
Instead of a pandemic-driven decline, the opposite has proven
true as the pet market once again demonstrates its famous recession
resilience. Particularly in the durable pet care product
categories, growth has been spurred by a number of COVID-19-related
factors, including a pet adoption boom and sheltering-at-home
resulting in more time for human/pet interaction, bonding, and
outdoor activity.
In addition, the impact of the internet on the durables market
shouldn't be overlooked. The tentacles of e-commerce extend far
beyond its ability to deliver double-digit sales growth online. In
the pet durables market in particular, Buy Online, Pick-up In Store
(BOPIS) "click and collect" services and the growth of rapid home
delivery quickly took the place of in-store browsing across several
retail channels and allowed many retailers to remain operational
even at the height of stay-at-home orders. However, even as
pandemic-related restrictions drove a great deal of sales online,
pet owners did not completely abandon brick-and-mortar
shopping.
In the report, Packaged Facts examines durable pet care products
across seven categories:
- Toys
- Collars/leashes/harnesses
- Beds
- Carriers/crates/housing
- Bowls/feeders/waterers
- Apparel/fashion accessories
- Litter boxes/accessories
Of the seven durable dog and cat pet care categories, toys is
the largest, accounting for nearly one-third of sales (32%) in
2020, or $1.8 billion.
Collars/leashes/harnesses is second, at 22%, followed by beds at
14% and carriers/crates/housing at 13%. The remaining three
categories each account for less than one-tenth of the market.
About the Report
Durable Dog and Cat Petcare Products, 3rd Edition
is now on sale. The report can be purchased at:
https://www.packagedfacts.com/Durable-Dog-Cat-Petcare-Products-Edition-13690339/.
Product categories examined in the completely revised
Durable Dog and Cat Petcare Products, 3rd Edition
include:
- Toys
- Collars/leashes/harnesses
- Beds
- Carriers/crates/housing
- Bowls/feeders/waterers
- Apparel/fashion accessories
- Litter boxes/accessories
Please contact Packaged Facts' Communications Manager
Daniel Granderson at
dgranderson@packagedfacts.com to request the report executive
summary.
About Packaged Facts
Packaged Facts, a division of MarketResearch.com, publishes
market intelligence on a wide range of consumer market topics,
including consumer demographics and shopper insights, consumer
financial products and services, consumer goods and retailing, and
pet products and services. Packaged Facts also offers a full range
of custom research services. Reports can be purchased at our
company website and are also available through
MarketResearch.com.
For more essential insights from Packaged Facts be sure to
follow us on Twitter (@packaged_facts), LinkedIn, and
YouTube.
Media Contact: dgranderson@marketresearch.com
Report Purchases: jmiller@marketresearch.com
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SOURCE Packaged Facts