Pampered: Premium products and services are expected to drive revenue growth

The Pet Stores industry in Florida performed well over the five years to 2017, as cats, dogs, birds and other animals remained popular family additions and at-home companions. Industry growth was fueled by rising per capita income in Florida, as well as increased pet ownership among key consumer demographics, such as the millennial population. Industry revenue also grew due to increased sales of premium pet supply and food products. High-end pet services and price-premium organic and all-natural pet foods are expected to be the primary drivers of revenue growth over the next five years. As families and young adults continue to treat pets as family members, sales from premium services are expected to drive revenue growth...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 12-17
1.4%
Forecast Growth 17-22
Profit
Employment
8,449
Businesses
1,530

Industry Threats & Opportunities

  • Despite increasing competition, operators were able to maintain steady revenue growth by providing additional pet services in-house
  • High pet ownership rates and rising demand for pet products drove revenue growth
  • Revenue growth is expected to be driven by increasing pet ownership nationwide
  • Industry Report - Industry Locations Chapter

    Industry establishments in Florida are primarily located in counties with large urban cities, such as Miami, Tampa and Orlando. In addition, business locations are largely tied to population. Areas with more people tend to have higher populations of companion pets, such as dogs and cats, which require products from industry operators on a routine basis.The Miami-South region accounts for the largest share of industry establishments in Florida at 31.5%. The Tampa-West region accounts for 29.9% of state establishments, followed by the Orlando-East Central (20.6%), Jacksonville-North (11.6%) and Tallahassee-Panhandle (6.4%) regions...purchase to read more.

    Additional Insights for the Pet Stores in Florida Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Pet Stores in Florida Industry are

  • Attractive product presentation
  • Experienced work force
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Number of households and Per capita disposable income in Florida in the Pet Stores in Florida industry impact industry performance..

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    What's in this report

    What is the Pet Stores in Florida 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 food
  • Pet supplies
  • Pet services
  • Live animals
  • Industry Activities
  • Retailing pets
  • Retailing pet food and supplies
  • Providing pet grooming and boarding services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of households
  • Per capita disposable income in Florida
  • Number of pets (cats and dogs)
  • Percentage of services conducted online

  • Current Performance
  • Increased product and service offerings
  • Pet ownership driven by millennials
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Profitability to rise
  • Pet ownership to grow
  • Table: Pet Stores in Florida Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Pet Stores in Florida Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Animal Food Production
  • Toy, Doll & Game Manufacturing
  • Veterinary Services

  • Products & Services
  • Pet food
  • Pet supplies
  • Pet services
  • Live animals
  • Other
  • Chart: Pet Stores in Florida Industry Products and Services Segmentation

  • Major Markets
  • Consumers aged 45-54
  • Consumers aged 55-64
  • Consumers aged 35-44
  • Consumers aged 25-34
  • Consumers aged 65-74
  • Consumers aged 75 and over
  • Chart: Major Market Segmentation for the Pet Stores in Florida Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Purchases
  • Wages
  • Profit
  • Depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Pet Stores in Florida

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Pet Stores in Florida Industry

  • PetSmart Inc., PETCO Animal Supplies Inc., Pet Supermarket Inc, Pet Supplies Plus,
  • Table: PetSmart Inc. - financial performance
  • Table: PETCO Animal Supplies Inc. - financial performance
  • Table: Pet Supermarket Inc - financial performance
  • Table: Pet Supplies Plus - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Pet Stores in Florida Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Pet Stores in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of pets - cats and dogs (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Initial Public Offering
  • A type of public offering in which shares of a company are usually sold to institutional investors who, in turn, sell to the general public on a securities exchange for the first time.
  • Pet Boarding And Day-Care
  • Long- and short-term options for owners who need assistance looking after their pets. Services include feeding, walking, grooming and lodging.
  • Pet Parents
  • Pet owners who are enthusiastic about their pets and treat them as members of their family.
  • What Our Customers Say

    Why buy this report?

    The Pet Stores in Florida Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Pet Stores in Florida:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Pet Stores in Florida market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Pet Stores in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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