Report ID: SQMIG30L2153
Report ID:
SQMIG30L2153 |
Region:
Global |
Published Date: July, 2024
Pages:
198
|
Tables:
61 |
Figures:
77
The North America region dominated the global market. One of the biggest market investors is the U.S. Around 68% of American households owned a pet, according to the American Pet Products Association. More than 80% of all pets in the country are dogs and cats, so they are the most popular pets. The market is moving more quickly due to an increased propensity for pet adoption. Around USD 95 billion was predicted to be spent on pets in the United States, a huge increase
Asia Pacific is anticipated to experience the fastest CAGR. More people are adopting pets in nations like China and India, where disposable income is rising. In addition, a lot of stray dogs and cats suffer injuries in car accidents in India. This scenario increases the product's potential across the nation. In Nagpur, Maharashtra, over 1000 stray animals were hurt in car accidents over the course of four months, according to the Times of India.
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Report ID: SQMIG30L2153