South Korea’s pet care market grows as ownership, spending and start-ups surge
Rising pet humanization is driving higher medical costs, insurance innovation and tech investments, with new players like Pawchi, Pawzmedi and Beyondee fueling industry momentum. According to a report by Korean financial services firm KB Financial Group, #petownership in South Korea is steadily increasing, with over 15 million citizens (roughly 30% of the population) owning pets as of […]
More than half of Belgian households live with pets
While #petownership in the European country holds steady, adoption and rescue channels increase. According to new data from the Belgian Association of Pet Food Manufacturers (BEPEFA), around 58% of the country’s households own one or more pets. Based on figures from Belgium’s statistics office Statbel, this represents roughly 3 million households out of 5.2 million. This figure […]
Data insight: 2025 pet parenthood costs in the US
A new report highlights price spikes amid inflation and tariff risks. The cost of #petownership is under pressure due to inflation and tariff risk, with #petparents facing significant price rises. According to a survey of 1,000 US cat and dog owners by online pet marketplace Rover, the cost of treats, chews, grooming and pet cleaning supplies has […]
2025 Report: Pet Ownership Statistics and Key Facts
Introduction As of 2024, #petownership has grown increasingly prevalent across the globe. Countless individuals take joy in welcoming pets—such as dogs, cats, birds, or fish—into their family units. Beyond being beloved companions, pets offer tangible benefits: they provide consistent companionship, alleviate daily stress, and play a key role in boosting their owners’ overall happiness. For […]
The Fed may cut US interest rates: What changes will it bring for the consumer sector?
A flexible policy could provide relief to buyers and borrowers, but other indicators, such as persistent inflation, also weigh on consumer sentiment. After holding steady for eight months, the Federal Reserve cut interest rates in the United States on September 17. Analysts from major brokerages, including J.P. Morgan, Barclays, and Morgan Stanley, had widely anticipated […]
The Brazilian Pet Market: A Look at the 2025 Forecast
With revenue expected to hit over $13 billion, the sector continues to grow, though at its slowest pace since 2019. Industry associations Abinpet and the Instituto Pet Brasil (IPB) forecast that the Brazilian pet sector will reach R$78 billion ($13.8B/€12.3B) in revenue in 2025, reflecting a 3.5% year-on-year increase from the R$75.4 billion ($12.8B/€11.83B) recorded in […]
Pet Spending Statistics
Highlights. Americans will spend a total of $157 billion on their pets by the end of 2025; according to projections, U.S. pet spending will total almost $200 billion in 2030. Pet Spending Statistics The United States represents the world’s largest market for pet products. *Live animals may include pets as well as food for carnivorous pets. Expense Dog Cat Surgical vet […]
What Is Competitive Analysis for Pet Product Brands? (A Practical Guide for OEM Collaboration)
In the fast-growing global #petproduct market—projected to reach $44.5B by 2035 (Pet Market Size, Share, and Forecast Outlook 2025 to 2035)—standing out means understanding your competitors and turning those insights into products that solve real #petowners’ problems. As an OEM factory focused on #petsupplies, we partner with #petbrands and e-commerce sellers to translate competitive analysis […]
How to Start a Pet Business: A Step-by-Step Guide for 2025
Launching a #petbusiness doesn’t require being a “pet expert”—it starts with solving real problems for pet owners, staying focused on your strengths, and building trust with your audience. Whether you want to sell niche products (like breed-specific apparel) or offer hands-on services (such as specialized pet sitting), these actionable steps will help you turn your […]
13 Niche Pet Product Markets Ideas
In the global #petproduct industry, traditional broad-market strategies—where businesses try to cover every type of pet, product, or customer need—are increasingly risky for small and medium-sized pet brands. Large retail chains and major e-commerce platforms already dominate the “one-size-fits-all” space: they leverage massive economies of scale to source and sell generic pet products (think basic […]