Karen McIntyre, Editor05.04.18
The pet care market is booming. According to Euromonitor International, sales of all pet care products and services, including pet food, increased 14% from 2012 to 2017, representing US$13 billion in value growth. That means sales reached US$109 billion last year.
This growth shows how pets are more important to their owners than ever, especially in developed markets. Meanwhile in developing markets, increasing disposable incomes and more westernized lifestyles are leading to a growing pet population. Millennials, in particular, are most likely to consider their pets as part of the family and their purchasing patterns—of both foods, toys and toiletries—reflect this.
Euromonitor expects sales to continue to grow in the low- to mid- single digits as the world pet population continues to grow and the pet humanization trend continues.
And, nonwovens is getting a share of this market, where they are used in products like training pads , doggy diapers and cleaning wipes. While some of these products have been around for a while, they are gaining in sophistication and size as pet parents seek
This growth shows how pets are more important to their owners than ever, especially in developed markets. Meanwhile in developing markets, increasing disposable incomes and more westernized lifestyles are leading to a growing pet population. Millennials, in particular, are most likely to consider their pets as part of the family and their purchasing patterns—of both foods, toys and toiletries—reflect this.
Euromonitor expects sales to continue to grow in the low- to mid- single digits as the world pet population continues to grow and the pet humanization trend continues.
And, nonwovens is getting a share of this market, where they are used in products like training pads , doggy diapers and cleaning wipes. While some of these products have been around for a while, they are gaining in sophistication and size as pet parents seek
Continue reading this story and get 24/7 access to Nonwovens Industry for FREE
FREE SUBSCRIPTION
