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Pet Oral Care Market Development, Analysis and Demand 2033…
In 2023, the Global Pet Oral Care Market is flourishing at a market value of US$ 12,298.5 million. By the end of the forecast period in 2033, it will have reached a market value of US$ 17,016.0 million. During the forecast period, the pet oral care market will conclusively have a CAGR of 3.3%, According to experts at Future Market Insights.
Several drivers are contributors to these pleasantly surprising numbers. Increasing awareness of the importance of pet oral health and its impact on overall well-being has led to a shift towards preventive pet care. As pet ownership rates rise and pets are increasingly considered family members, pet owners are investing in their pets' health, including oral care.
The recommendations of veterinarians and the emphasis on routine dental care have further fueled the demand for oral care products. Additionally, the availability of innovative and convenient pet oral care options, along with the influence of social media and pet influencers, has created greater awareness and understanding of the significance of pet oral care practices.
A collaboration between veterinarians, pet dentists, and manufacturers is evident. This collaboration is used to develop and promote effective oral care solutions. These effective solutions look at potentially curing health challenges faced by pets such as periodontal disease as well.
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These drivers, coupled with the expanding pet healthcare industry and the strong human-animal bond, contribute to the steady growth and demand for pet oral care products in the market.
Key Takeaways:
The North American region dominates the pet oral care market with a substantial market share of 42.6% in 2022, reflecting the region's strong focus on pet health and wellness.
The Europe region commands a notable market share of 25.7% in the pet oral care market in 2022, highlighting the region's emphasis on comprehensive pet care.
The United States holds a significant market share of 39.4% in the pet oral care market in 2022, indicating the country's substantial contribution to the industry.
Germany maintains a market share of 5.8% in the pet oral care market in 2022, highlighting the country's commitment to pet health and hygiene.
Japan accounts for 3.8% of the market share in the pet oral care market in 2022, reflecting the country's increasing awareness of the importance of pet oral health.
Australia contributes to the pet oral care market with a market share of 1.9% in 2022, emphasizing the country's recognition of the role of oral care in overall pet well-being.
China exhibits a compound annual growth rate (CAGR) of 5.3% in the pet oral care market in 2022, reflecting the country's increasing pet ownership rates and evolving pet care practices.
India experiences a robust CAGR of 6.7% in the pet oral care market in 2022, indicating the country's growing pet ownership culture and the rising importance of pet oral health.
The United Kingdom showcases a CAGR of 3.2% in the pet oral care market in 2022, reflecting the country's steady growth and demand for pet oral care products.
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Competitive Landscape:
Companies in the pet oral care market are seen to be going after strategic alliances and partnerships with other manufacturers with the intention of increasing their product lines and meeting the demands of their rapidly expanding customer base.
These leading pet oral care companies have also adopted new product development as a strategic approach to increase their market presence among consumers. These strategies have increased the popularity of natural and healthy, and organic products and dental chews.
Some leading companies are:
AllAccem Inc.
Colgate- Palmolive Company
Dechra Pharmaceuticals plc
Petzlife Products
imRex Inc.
Virbac
Nestlé S.A.
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