2025年全球宠物行业洞察报告（11月刊）（英文版）-GlobalPETS

Market Overview - The global pet industry is expected to grow steadily, with the pet care market projected to reach $201.2 billion by 2026, driven by innovation, sustainability, and evolving consumer demands [1] - Companies are expanding production capacities and investing in new facilities across multiple countries, including the UK, Germany, the US, and India [2] - Credit ratings in the pet sector are showing divergence, with companies like Elanco and Zoetis receiving upgrades, indicating confidence in pet health innovations despite economic uncertainties affecting vet visits and adoption rates [2] Product Innovation and Trends - Pet food is a key area of innovation, with fresh, frozen, and raw diets gaining popularity; 70% of surveyed consumers prefer fresh pet food [3] - Functional and personalized products are on the rise, with increased use of single and insect proteins, and a shift towards healthier pet snacks featuring functional ingredients [3] - Demand for high-end outdoor accessories and smart products is increasing, with a focus on sustainable packaging solutions [3] Channel and Business Model Changes - Subscription services and membership models are emerging as new growth areas in retail, with companies like Pets at Home and Chewy seeing significant revenue increases from these services [4] - The small pet market is expanding, with products for hamsters and birds expected to grow at a CAGR of 5% from 2025 to 2033 [4] - The professional services sector is becoming more standardized, with regulations being introduced for grooming and pet insurance covering alternative therapies [4] Regional Market Characteristics - Germany is a major market in Europe, with pet spending expected to exceed €7 billion in 2024, particularly in cat food, which is growing at 3.5% [5] - Emerging markets like Turkey show significant potential, with the pet food market projected to grow from $12.7 million in 2022 to $30 million by 2027 [5] - The UK faces challenges with declining pedigree dog breeding but is enhancing subscription service regulations; North America leads in fresh pet food and smart product innovations [5] Challenges and Opportunities - The industry is facing raw material supply pressures, particularly with Category 3 animal fats, leading to increased costs that challenge profitability [6] - Despite rising price sensitivity among consumers, there is a strong demand for natural, healthy, and sustainable products [6] - Future growth opportunities lie in AI-driven personalized nutrition, pet mental health products, and urban pet-friendly spaces, emphasizing the need for innovation and compliance [6]