Pet industry’s billion dollar secret revealed

The pet care industry is experiencing a period of remarkable growth, with even more promising prospects on the horizon. According to Technavio’s projections, the global pet care market is poised for a substantial expansion of a staggering USD 72.82 billion between 2022 and 2027, driven by a robust Compound Annual Growth Rate (CAGR) of 6% during this forecast period. What sets this growth apart is its sustainability, with North America emerging as a significant force, anticipated to contribute a substantial 42% share to the global market during this timeframe.