The global pet care market size was estimated at USD 131.70 billion in 2016 and is expected to grow at a CAGR of 4.9% over the forecast period. High demand for pet products, grooming & boarding services and global rise in the adoption of pets are some of the major factors estimated to drive the market.

Driving growth at the premium end of the market, consumers are spending more on their pets. An increasing number of Americans consider them to be part of the family. Millennials are choosing dogs and cats over children until they're more settled. Small pets are much more likely to be indulged and humanized than large dogs. Americans spent more than USD 66 billion on pet products and services in 2016, an increase of about 10% from the previous year, according to the American Pet Products Association.

Pet care service providers that offer avian services are safeguarding birds from sickness, injury, and stress and boosting their businesses. Bird groomers keep feathers dry and clean, trim beaks and nails, and help with uncomfortable molting. Groomers that partner with retail stores can also suggest bird baths, sprays, and trimmers for new bird owners and offer a Frequent Flyer program for grooming services.

Owners want their dogs and cats to have fun and engage with other animals during the day, whether it is while they work or just to give pets more time with their own kind. Many facilities also offer upgraded care such as training or grooming. The owners seek more expensive medical treatments, higher quality food and more-high end accessories. To serve this need, PetSmart launched a variety of Pet Expressions creative grooming services to provide dogs, cats, fish and birds with above-and-beyond looks like chalking, stenciling, and feathering.

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Further key findings from the report suggest:

• The global pet care market size was estimated at USD 131.7 billion in 2016 and is expected to grow with CAGR of 4.9% from 2016 to 2025

• Based on type, dogs held the largest market share owing to increase in the adoption of dogs and health benefits associated with them.

• Cats are anticipated to witness lucrative growth over the forecast period. Cats help reducing stress and anxiety, decrease risk of stroke and require less training.

• The pet food segment was estimated to be the largest product segment due to growing demand for premium food products and natural & organic products.

• Boarding and grooming services segment is anticipated to witness fastest growth over the forecast period owing to advances in technology, making boarding, grooming, and training more easily accessible for the owners

• U.S. held the largest share in market in 2016 due to rising animal healthcare expenditure and growing awareness of animal health in the country.

• India is anticipated to witness lucrative growth over the next decade due to increase in adoption of pets and rising disposable income.

• Some of the key players including PetSmart Inc., PetCo Animal Supplies, Inc., Nestle, Just for Pets and Ancol dominated the pet care market in 2016.

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