DELL, NEWARK: Sept. 29, 2022 (GLOBE NEWSWIRE) — According to a recent market analysis by Future Market Insights (FMI), the pet oral care market USD 11,848 million valuation Sales in 2022 will be 3.5% Growth rate, reach market size $16.711 billion By 2032.
The surge in health-conscious customers around the world has resulted in increased demand for organic pet oral products, forcing participants in the pet oral care market to adjust their portfolios and branding to meet market expectations. rice field. Pet oral care products are becoming increasingly popular among pet lovers due to the benefits and importance of managing their pet’s oral health.
Pet owners are increasingly turning to e-commerce to purchase pet health items, including dental care. Amazon, Flipkart, Alibaba, and other giants of the e-commerce industry offer a wide variety of goods from around the world.
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Players operating in the global pet oral care industry are adopting various development strategies and marketing campaigns to increase their market share and the growing population due to emerging market opportunities. We are leveraging the country to increase profitability in the market.
Several reasons are projected to contribute to the South Asian market, such as increasing number of pet lovers/owners and overall population growth, especially in emerging countries such as China and India.
Key Takeaways from Pet Oral Care Market Research:
- As for end-users, demand for pet oral care is likely to escalate more among households compared to other end-user categories.
- South Asia and Europe are developing as two of the largest markets for pet oral care by competing with established players in the North American market.
- The global pet oral care market is currently experiencing a shift in consumer preferences from traditional products to multifunctional organic products.
- By sales channel, the online sales segment is expected to rapidly increase its share in the pet oral care market size.
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An overview of the global pet oral care market
Major players present in the pet oral care products market include Mars Petcare, AllAccem Inc., Decra Pharmaceuticals plc, Petzlife Products, Nestlé SA, Merial (part of Boehringer Ingelheim), and Mars Petcare.
Companies like Dechra Pharmaceuticals plc have focused on research and development and launched product lines focused on dogs, one of the top reasons to see a veterinarian. Easy access to products regardless of geographic location, simplicity, and easy online purchasing facilitate channels for purchasing items such as pet dermatological care.
Recent Developments in Pet Oral Care Market
- Mars Petcare announced in June 2021 that it will spend approximately $145 million to add 200,000 square feet of space and two production units to its wet pet food production plant in Fort Smith, Arkansas.
- The purchase of the Profender and Drontal product families from Elanco Animal Health was announced by Vetoquinol SA in February 2020. In addition, it purchases intellectual property, licenses and other rights currently held by Bayer AG’s Animal Health Division.
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“Pet healthcare brands are increasing their penetration into the pet oral care market due to growing concern about oral conditions among pets, especially cats and dogs. Additionally, many brands operating in the pet oral care market use organic ingredients and flavored extracts for innovative dental treatments. Chews to attract more customers are also having a positive impact on the market growth. ” FMI analyst says.
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Future Market Insights, in its new service, offers an unbiased analysis of the global pet oral care market, presenting historical demand data (2017-2021) and forecast statistics for the period 2022-2032. To do. Care market by product type (edible paste, mouthwash/rinse, toothbrush, dental chew/gum, dental cleaning spray, etc.), pet type (dogs, cats, exotic pets), and price range (low, medium, premium) ), by sales channel (hypermarkets/supermarkets, specialty stores, multi-brand stores, discount stores, pet specialty stores, drug stores and pharmacies, online retailers, and other sales channels), and by region.
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table of contents
1.1.Global market outlook
1.2. Demand Side Trends
1.4.technology roadmap analysis
1.5.Analysis and recommendations
2. Market overview
2.1. Market Scope/Taxonomy
2.2. MARKET DEFINITION/SCOPE/LIMITATIONS
3. Market Background
3.1. Market dynamics
3.2. Scenario prediction
3.2.1. Demand in an optimistic scenario
3.2.2. Demand in Likely Scenarios
3.2.3. Demand in a Conservative Scenario
Read more TOC.
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