Pet Calming Products Market Size
The Global Pet Calming Products Market reached USD million in 2022 and is projected to witness lucrative growth by reaching up to USD million by 2030. The market is growing at a CAGR of 5.7% during the forecast period (2024-2031). Many pet owners are looking for ways to help their animals manage stress, anxiety, and behavioral problems as a result of a growing understanding that animals, just like humans, can suffer from these conditions.
As a result, the market for pet calming products is expanding. Other significant drivers of the market include changes in lifestyle, the humanization of pets, the effect of the COVID-19 pandemic on human-pet relationships, and the effectiveness of the products.
Market Scope
| Metrics | Details |
| CAGR | 5.7% |
| Size Available for Years | 2021-2030 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | Pet Type, Product Type, Distribution Channel and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Fastest Growing Region | Asia Pacific |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
Growing Interest in Luxury Pet Care Products
Many pet owners are using high-end/luxury soothing solutions for their pets as a result of an increase in a number of issues, including anxiety, aggression, and hyperactivity. The global market for pet calming products is being driven by rising awareness, broadening product portfolios, pandemic effects, and greater research and development.
The market is also growing as a result of factors like increasing consumer spending power, growing pet humanization awareness, and growing demand for luxury pet care goods. Urbanization has caused people to live in smaller dwellings, but this has also increased people's acceptance of smaller pets including dogs, fish, hamsters, and cats.
Consumers want to fill the emptiness created by their absent relatives with pet buddies. These factors have propelled the market growth.
Stringent Regulations Associated With Pet Calming Products
The governments of some nations have made steps to encourage the use of healthy and safe ingredients to enhance pets' overall welfare.
For instance, in order to safeguard pet health and control the production process, the Japanese government established the Law for Ensuring the Safety of Pet Food for pet food producers, importers, and distributors. Such activities would impede the market's overall growth for pet calming products.
Market Segment Analysis
The global pet calming products market is segmented based on pet type, product type, distribution channel, and region.
Rising Demand for Dog Calming Products in the Pet Segment
Dogs calming products have a higher demand in the market. This is due to dogs' higher innate propensity to experience anxiety and stress compared to other pets, like cats and hamsters. Dog owners are more likely to look out for calming solutions for their animals to assist them to deal with stress and anxiety.
As a result, there are now more pet-calming items made exclusively for dogs, such as sprays, diffusers, chews, and supplements.
Source: DataM Intelligence Analysis (2023)
Market Geographical Share
Increasing Pet Owners’ Expenditure Across the North American Region
Pet owners value their pets more, so they are spending more on nutritious pet-calming food. The majority of money spent in the sector is still going toward pet calming products. For instance, according to the National Pet Owners Survey, 2021–2022, pet spending increased over the previous year.
35% of pet owners reported that they spent more on their pets or pet supplies in the last 12 months than in the year before; including pet calming products, wellness products, and other pet care items. During the anticipated term, these trends will increase the market for Pet Calming Products.
Source: DataM Intelligence Analysis (2023)
Pet Calming Products Companies
The major global players in the market include Virbac, THUNDERWORKS, PetIQ, LLC., Zesty Paws, Zoetis Inc., NOW Foods, PetHonesty, GARMON CORP., CEVA (ADAPTIL), Nestlé Purina Petcare.
Key Developments
- In September 2022, PetHonesty announced a partnership with Petco Health and Wellness Company to open a physical store. With this partnership, PetHonesty's goods are now accessible in more than 1,500 stores around the United States.
- In September 2022, in the United States, Nestlé Purina launched the first Pet Calming Products in a sturdy, refillable container.
Why Purchase the Report?
- To visualize the global pet calming products- market segmentation based on product type, pet type, distribution channel, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of the pet calming products market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of key products of all the major players.
The Global Pet Calming Products Market Report Would Provide Approximately 61 Tables, 58 Ffigures and 200 Pages.
Target Audience 2024
- Manufacturers / Buyers
- Industry Investors / Investment Bankers
- Research Professionals
- Emerging Companies
