Industry Analysis & Industry Trends
The Pet Stores industry has purred along over the past five years as cats, dogs, fish and birds have remained popular home companions. Pet parents, or pet owners who treat their four-legged friends as family members, have grown increasingly common and facilitated demand for pet stores. Accelerated by economic recovery, the industry has expanded strongly over the five-year period, despite increased competition from supermarkets, mass merchandisers and online retailers that typically offer consumers greater convenience and competitive prices. Over the five years to 2021, the Pet Stores industry is projected to maintain strong growth... purchase to read more
Industry Report - Starting a New Business Chapter
High levels of competition and regulations associated with entering this industry may deter some from entering the industry. Nevertheless, there are various niche markets available for new players to occupy, specifically those that specialize in premium and innovative food, products and services.
A significant factor that can hinder an operator from entering this industry is government regulations. There are federal and state laws regulating pet shops and the sale of animals. For example, the Pet Animals Act 1951 requires pet shops to get a license in accordance with the act before they can open. In addition, the Animal Welfare Act of 1966 dictates how pets sold in pet stores must be maintained... purchase to read more