Petcare is one of the fastest growing areas of the consumer sector. Globally it’s a £100bn market, with the UK petcare sector now valued at close to £6bn. Market growth is driven by sector-specific factors as well as reflecting broader consumer trends.
The growing fashion to treat pets as family members means they are now treated with premium, healthy and ‘free-from’ foods, lavish grooming products, and expensive care services, such as full health insurance plans.
Developments in technology have seen the rise of app-based petcare services while advances in veterinary medicine in areas such as pet oncology have boosted the growth and revenues of veterinary practices.
