Cat owners are acutely aware of the discrepancies in market attention to the two main types of household pets.
Outperforming “hands-on” pet services categories including grooming, boarding, and training, pet insurance has risen to the top spot by pet services market share in just the past few years.
Signs are already pointing to pet owners shifting to lower-priced products, and given the continuing economic crunch caused by elevated prices, this trend is likely to continue.
One significant opportunity within the veterinary sector is the pet supplements market.
One of the main reasons people get pets other than dogs and cats is for the enjoyment of watching and interacting with them.
Pet owners have not been spared the effects of price inflation.
While pet food is a “need to have” pet care product, pet treats are more discretionary in nature, making pet owners more likely to cut back on purchasing them during economically trying times.
Learn concrete ideas for boosting pet medication sales with expert insights from Packaged Facts.
CBD has been cited as useful for everything from pet stress/anxiety to chronic pain to epilepsy.