Industry Analysis & Industry Trends
In the five years to 2014, IBISWorld estimates that revenue for the Online Pet Food and Pet Supply Sales industry has increased. Rising pet ownership in the United States and growth across the e-commerce sector have caused the industry to experience overall growth, despite the recession. Furthermore, increasing demand for premium pet food and online animal pharmaceutical sales also contributed to industry growth during the past five years. IBISWorld forecasts that industry revenue will increase in the five years to 2019. During that time, stores will benefit from an increasing number of pets in the United States and rising per capita disposable income.... purchase to read more
Industry Report - Starting a New Business Chapter
Entry into the online pet food and pet supplies market is relatively easy, though barriers to entry are anticipated to increase. Currently, the industry is growing; the number of businesses, employees and wages are all on the rise, in line with increasing revenue. The capital required to start an online pet supplies company remains limited to internet technology infrastructure and the procurement of inventory, which pose as minimal barriers to even marginally capitalized start-ups.
Increasing barriers to entry stem from the rapid rate of technological change and potential increases in federal regulation in regard to the shipment of certain chemicals. First, e-commerce operates in the high-tech world of computer-based platforms and online systems... purchase to read more