
Published On: Jul 2021
Published On: Jul 2021
Dogs Segment to Dominate North America Pet Oral Care Products Market during 2021–2028
According to a new market research study on “North America Pet Oral Care Products Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Animal, Product, End User, and Distribution Channel” is expected to reach US$ 862.93 million by 2028 from US$ 564.12 million in 2021. The market is estimated to grow at a CAGR of 6.3% from 2021 to 2028. The report provides trends prevailing in the North America pet oral care products market along with the drivers and restraints pertaining to the market growth. Raising adoption of pets for companionship, high chances of dental diseases in pets, and increasing initiatives by the governments and animal welfare associations are the major factor driving the growth of the North America pet oral care products market. However, lack of adoption of pet care product hinder the growth of North America pet oral care products market.
The COVID-19 has caused an unprecedented challenge to supply chains. The pandemic has posed threats to pet care supply chains. Imports and exports were also hampered as countries restricted trade policies or faced labor issues. Most of the consumers in the market grappled with the onset of the pandemic. The retail e-commerce platforms witnessed high growth due to several restrictions on the brick-and-mortar stores and the disruption of the overall supply channel. Sales have spiked for pet oral care products at home, do-it-yourself, driven by the closure of veterinary clinics and professional salons. The pandemic has accelerated an online shift as social distancing changes habits. Changes in pet ownership are another long-term consequence of COVID-19. Some online retailers also reported strong sales. For instance, Chewy.com has witnessed an acceleration in sales since February 2020. Chewy.com generates around 70% of its sales through subscription customers. All these developments suggest increased online penetration due to the pandemic. Also, the pet population has increased in the region because of lockdown and people wanting a companion. Home isolation have driven the short-term pet fostering programs that may translate into long-term pet population growth in the future. Also, misinformation on the relationship between animals and COVID-19 have driven pet abandonments in the region. Despite some disruptions caused by COVID-19 containment measures, the long-term growth potential of the sector remains intact. The acceleration in pet-related ecommerce recently reported by some retailers is consistent with the more general move towards increased digital consumption. The recent surge in ownership, driven by an increase in adoption and fostering by people confined to their homes, offers lucrative opportunities for the growth of the market.
The market for North America pet oral care products market is segmented into Animal, product, end user, distribution channel and country. Based on Animal, the market is segmented into cats and dogs. In 2020, the dogs segment held the largest share and cats is expected to the fastest growing segment over the forecast period. Based on product the Pet oral care products market is divided into mouthwash/rinse, tooth brush and paste, dental cleansing sprays, anti-plaque pens, and other product types. In 2020, the tooth brush and paste segment held the largest share and dental cleansing sprays is expected to the fastest growing segment over the forecast period. Based on the end user the market is segmented into veterinary hospitals, private clinics, and home care. The home care segment accounts for largest market share in the 2020 and is also expected to the fastest growing segment over the forecast period. Similarly, based on distribution channel, the market is bifurcated into supermarkets/hypermarkets, online channels, specialized pet shops, and other distribution channels. The specialized pet shops segment contributed a substantial share in 2020 and online channels is expected to the fastest growing segment over the forecast period in the pet oral care products market.
Vetoquinol SA; Dechra Pharmaceuticals Products, PLC; AllAccem, Inc.; Imrex, Inc.; Virbac; CEVA; Hills Pet Nutrition, Inc.; Nestle; Mars, Incorporated; and TropiClean Pet Products are among the leading companies in the pet oral care products market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, the CEVA Company has announced the complete acquisition of IDT Veterinary Business Assets of IDT Biologika GmbH. The acquisition has enabled to strengthen the veterinary biopharmaceutical and R&D activities of CEVA.
The report segments the North America Pet Oral Care Products Market as follows:
North America Pet Oral Care Products Market – By Animal Type
North America Pet Oral Care Products Market – By Product Type
North America Pet Oral Care Products Market – By End User
North America Pet Oral Care Products Market – By Distribution Channel
North America Pet Oral Care Products Market – By Country