Dog Care Market Size, Growth, Trends, Share and Analysis

Dog Care Market

Overview of the Dog Care market:

In the forecast period, 2018-2023, the dog Care market is anticipated to record a growth rate of about 5.6 percent. The market for dog Care covers a range of dog-related health circumstances, ranging from cancer, diabetes, and rabies to dental plaque and hair loss. The market is driven mainly by increased dog adoption, increased prevalence of multiple canine illnesses, and increased knowledge of canine health. North America is anticipated to dominate the market, followed by Europe, while Asia-Pacific is predicted to show the highest development rate due to variables such as increased awareness of canine health and continuing biomedical and technological developments in the therapy of multiple canine illnesses.

Increase in Dog Adoption Promotes the Dog Care Market:

Due to the direct connection of the pet population with the need for adequate dog Care goods and services, the increase in the acceptance of dogs as companions to human humans is anticipated to stimulate market development. According to the American Society for the Prevention of Cruelty to Animals ASPCA , in the United States, about 6.5 million pets enter animal shelters every year. Approximately 3.3 million of these animals are dogs. Every year, 3.2 million shelter animals are also estimated to be adopted as pets. There are 1.6 million dogs among them. According to the 2017-2018 National Pet Owners Survey undertaken by the American Pet Products Association APPA , 68% of US homes, or about 85 million families, own a pet. The study also shows that in 2017, total US pet spending was about USD 69.400 million.

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In addition to the aforementioned factor, the increasing incidence of several canine illnesses and increased awareness of canine health are anticipated to drive market growth over the forecast period.

Product and treatment side effects Limit the growth of the Dog Care market:

It is anticipated that the side effects connected with the drugs and other therapy techniques used for multiple canine health-related circumstances will restrict market growth. For instance, glucosamine and chondroitin are two important cartilage elements that are naturally generated within the body, and these two elements are contained in most joint supplements. These may trigger negative dog responses, such as diarrhea, vomiting, and blood glucose concentrations change. According to the American Kennel Club, glucosamine-containing frequently used joint supplements are often anticipated to have side effects such as allergies specifically among those allergic to shellfish , fatigue, insomnia, excessive thirst, and urination at elevated doses . Moreover, it may also cause diabetes in dogs as it is a sugar-based substance. NSAIDs non-steroidal anti-inflammatory medicines could decrease blood flow to the kidneys, causing harm to the kidneys, sometimes leading to failure of the kidneys. Because of these mild or serious side effects induced by the drugs and equipment used to treat dogs, it is anticipated that pet owner’s reluctance to place their pet animals under medication will restrict the dog Care market and hamper the development of the industry.

The Dog Care Market in North America:

North America is anticipated to dominate the dog Care industry over the forecast period due to increased dog adoption, increased per capita expenditure on animal Care, and increased incidence of many different canine illnesses. For instance, in 2017, the American Animal Hospital Association AAHA estimated overweight for 40-50 percent of dogs and obese for 25 percent of children. In 2016, the Pet Obesity Prevention Association APOP categorized 54 percent of animals in the United States as overweight or obese.

Furthermore, increasing concern among pet owners of canine health, helpful public projects, excellent infrastructure, and increased product development, such as fresh vaccine launches and competitive pricing, are other factors that drive the development of the North American dog Care industry.

Europe is anticipated to follow North America as the second biggest dog Care industry, while Asia-Pacific is predicted to show the greatest growth rate due to the elevated incidence of vitamin deficiency, metabolic disorders, bacterial infection, gout in dogs, and increased awareness of multiple health problems related to the canine population. It is therefore anticipated that the above-mentioned variables will boost the development of the Asia-Pacific dog Care industry.

Global Dog Care Market Trends:

• June 2018 – Elanco Animal Health has announced the approval of Credelio Lotilaner by the US Food and Drug Administration FDA , an oral drug for the treatment and preservation of ticks and fleas.

• Jul 2018 – CBD DOG Health has announced the launch of new goods that contain cannabinoids to treat joint pain.

Major Players: Adam Equipment, Bayer AG, Boehringer Ingelheim, Ceva, Elanco, Intervet, Mars Inc., Medtronic, Virbac, Zoetis and some others.

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The present era is witnessing a transformation in the dog Care industry, due to the growing fondness of companion animals, as well as an increase in awareness of their health. Businesses are therefore determined to provide therapy and medication that can cure common animal diseases and have the ability to serve the Care industry for dogs.

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