Pet Market Size By Country. Consumers are spending more and more on their pets, thus boosting the

Consumers are spending more and more on their pets, thus boosting the turnover of the pet food products industry. 7 billion by 2032, at a compound annual growth rate (CAGR) of 12. 1 billion in 2026 to USD 52. 08 billion in 2024 and is projected to reach USD 125. While in 2023 the performance of the global pet industry registered an increase of 6% against the previous year, in 2024 this growth rate is expected to represent 4. The market has seen a significant shift towards health and wellness products for pets, reflecting changing consumer preferences and a greater focus on pet care. A strong cultural affinity for pets in many European countries has led to a higher rate of pet ownership, with pets often regarded as integral family members. 90% CAGR. 2 million in 2022. Markets by country The remarkable growth of the Southeast Asian pet food market can be primarily attributed to the rapid development of the pet food markets in Thailand, Indonesia and the Philippines.

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