Consumer Goods & Retailing
Online Pet Food & Pet Supply Sales in the US - Industry Market Research Report
Online Pet Food & Pet Supply Sales in the US - Industry Market Research Report
Online Pet Food & Pet Supply Sales in the US - Industry Market Research Report
Online Pet Food & Pet Supply Sales in the US
The Online Pet Food and Pet Supply Sales industry revenue growth is driven by rising pet ownership and the popularity of e-commerce. Rises in consumer spending enabled shoppers to splurge on premium-priced goods for their furry friends. The industry experienced strong growth amid the COVID-19 pandemic due to increased reliance upon e-commerce sales, which is prompted by shelter-in-place orders and store closures. Furthermore, pet ownership grew as more pets had been adopted during the lockdown period. As the restrictions have lifted, demand for online pet food operators will slow down but remain robust as more people feel comfortable shopping online. Industry revenue has grown at a CAGR of 15.6% to $27.6 billion over the past five years, including 4.1% growth in 2023.
This industry retails pet foods and supplies through the internet. Examples of products offered by online pet supply stores include collars, leashes, health and beauty aids, medication, toys, pet carriers and furniture.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.