Industry Analysis & Industry Trends
The Pet Stores industry has grown steadily over the five years to 2015, driven by the growing number of pet owners who treat their pets like family members. Over the five years to 2020, pet ownership will continue to rise, driving revenue growth in this industry, particularly within the pet food segment. Moreover, the trend of pet indulgence is increasing the popularity of diverse pet services, such as grooming, walking and even pet therapy. Nonetheless, specialty pet stores continue to compete with supermarkets and big-box stores that carry large inventories of similar products at lower prices... 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