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Pet Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Pet Stores Market Research Report | NAICS 45391 | Aug 2015

New tricks: Pet owners will invest in premium products and services as the economy improves

IBISWorld’s Pet Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$18bn
Annual Growth 10-15
3.7%
Annual Growth 15-20
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Profit
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Employment
118,945
Businesses
13,556
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. The emerging trend of pet parents has bolstered demand for price premium pet products and services. Because pets are treated as family members, pet owners frequently lavish them with all-natural and organic pet foods and treats, in addition to high-end services. In the coming years, the industry is projected to maintain strong growth. As the economy continues its upward trajectory and consumers have more discretionary income, revenue from premium products and services is projected to increase... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Pet Stores industry is in the growing stage of its life cycle. While product introductions and new service offerings are taking place within the industry, such growth is predominantly attributable to changing consumer sentiment towards pet care and expenditure. Industry valued added (IVA), which measures the industry's contribution to the US economy, is expected to increase at an annualized rate of 4.2% in the 10 years to 2020. In comparison, US GDP is projected to grow at an annualized rate of 2.5% during the same period. This indicates that the industry is growing at a faster rate than the economy, a clear indicator that this industry is in its growing life cycle stage... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Pet Stores Industry?

Pet stores sell a variety of pets, including dogs, cats, fish and birds. Stores also sell pet foods 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.

Industry Products
Pet foodPet supplies Pet servicesLive animals
 
Industry Activities
Retailing petsRetailing pet food and suppliesProviding pet grooming and boarding services


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