Testimonials
Pet Market Overview
Benefits of owning a Pet franchise
Market size, in 2016
- $131.7 billion
Relevance
- The global pet care market is expected to post a CAGR of over 5% during the period 2018-2022
Advantages
- – Lower investments;
- – High revenue of home-based pet franchises;
- – Growing demand for pets franchises;
- – Help with red tape;
- – The chance to do good.
Opportunities
- – Cats franchises are anticipated to witness lucrative growth;
- – The pet food segment was estimated to be the largest product segment due to growing demand for premium food products and natural & organic products;
- – Boarding and grooming services segment is anticipated to witness fastest growth.
Successful practice
- – Offering consumers a recognizable and consistent brand experience;
- – The demand for grain-free pet food is increasing among pet owners and is expected to continue during the forecast period;
- – Fashionable products in the grooming and accessories segment;
- – Pet Hotels franchise;
- – Adapts to market changes;
- – Overall management strategies.
Trends
- – Natural and organic pet care products;
- – Natural pet food products with additional features such as health condition-specific ingredients;
- – Products that act as a status symbol while enhancing the looks of pets;
- – Mobile pet grooming services.
Segmentation by type
- – Outlook: dog, cat, fish, bird, other;
- – Product: pet food, veterinary care, OTC/supplies, live animal purchase, pet boarding/grooming, other.
Top 10 Pet Franchises
- Pet Supplies Plus
- Wild Birds Unlimited
- Aussie Pet Mobile
- Petland
- Barking Mad
- Longcroft Luxury Cat Hotel
- My Best Friend
- Camp Bow Wow
- All American Pet Resorts
- Nature's Pet Market