Population in Europe, show significant consumption
Posted: Wed Jan 22, 2025 10:59 am
This dominance is due to high pet ownership rates, significant disposable income, and advanced veterinary infrastructure. 70% of households in the US alone owned at least one pet in 2021-2022, driving significant spending on pet healthcare products and services. Europe Europe is expected to witness significant growth, supported by a strong presence of pet stores and botswana b2b leads veterinary clinics. Countries such as Germany, which has the second highest pet cat of pet healthcare products. The region's developed distribution networks and pet-friendly infrastructure further strengthen its market position. Asia-Pacific The Asia-Pacific region is expected to grow at the fastest rate, exceeding 10% in the coming years.
This growth is driven by increased investments in animal healthcare and commercialization of branded and generic medicines at competitive prices. There is increasing awareness among pet owners about preventive care in countries such as India and China, which is contributing to the expansion of the market. Latin America and the Middle East & Africa These regions are also growing, albeit at a slower pace. In Latin America, Brazil has a significant pet population, which is driving demand for pet healthcare products. In the Middle East and Africa, increasing awareness of pet hygiene and preventive care is supporting market growth.
This growth is driven by increased investments in animal healthcare and commercialization of branded and generic medicines at competitive prices. There is increasing awareness among pet owners about preventive care in countries such as India and China, which is contributing to the expansion of the market. Latin America and the Middle East & Africa These regions are also growing, albeit at a slower pace. In Latin America, Brazil has a significant pet population, which is driving demand for pet healthcare products. In the Middle East and Africa, increasing awareness of pet hygiene and preventive care is supporting market growth.