Pet Stores in Canada - Industry Market Research Report

Pet Stores in Canada - Industry Market Research Report
Pet Stores in Canada

The Pet Stores industry in Canada has performed strongly over the past five years as cats, dogs, fish and birds have remained popular home companions. High pet ownership rates and an increasing number of pet parents, those that treat their pets as family members, have supported demand for industry products. A rise in pet ownership and disposable income during the coronavirus further supported the industry. While the coronavirus posed challenges for smaller operators, the industry largely benefited due to higher expenditures by Canadian pet parents. Following the coronavirus, demand for industry products and services remained high although revenue increased at slower rates. Over the past five years industry revenue is expected to increase at a CAGR of 6.2% to $3.8 billion, including a decrease of 0.4% in 2023. However, industry profit is expected to have decreased over the past five years, largely driven by increased operating costs during the coronavirus.

The Pet Stores industry in Canada sells a variety of pets, including dogs, cats, fish and birds. Stores also sell pet food and pet supplies, such as collars, leashes, health and beauty aids, shampoos, medication, toys, pet containers, dog kennels and cat furniture. Some stores also offer pet services, such as grooming and training.

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.