Pet Care E-Commerce Market Growth Surges Worldwide
The global pet care e-commerce market, valued at US$ 75.32 billion as of 2023, is expected to grow at a CAGR of 9.75 percent, reaching US$ 130.39 billion by 2029, according to Research and Markets, the world's largest market research store. This upward trend is driven by rising pet ownership, shifting consumer preferences, and the convenience of online shopping.
As pets increasingly become part of families, the demand for pet food, grooming products, and healthcare supplies has seen significant growth. Chewy and Amazon—e-commerce platforms—have responded by providing AI-powered product recommendations, tailored shopping experiences, and subscription services that encourage customer loyalty.
This shift only accelerated with the COVID-19 pandemic as lockdowns forced consumers to shop for their pets online. North America takes the largest share of the market, followed by Europe, due to high pet ownership and the highly developed internet connection for online purchasing of products. While regions such as Asia-Pacific and Latin America are rapidly growing, thanks to urbanization and improving internet connectivity.
Although the market is developing, some key challenges to note are regulatory compliance and quality assurance of the products. However, the humanization of pets, increased awareness of pet wellness, and the incorporation of technology continue to drive innovation and growth. The pet care e-commerce market is all set to experience unparalleled growth in the years to come, owing to technological advancements and changing trends of the consumers.