MARKET OUTLOOK
Triton Market Research speculates the United Kingdom pet healthcare market to witness a 3.56% of CAGR during the forecast years of 2019-2025.
UK’s improving economy is empowering its residents to choose premium pet healthcare products over value-for-money items. Consumers are spending on products that offer the best care in terms of functionality and health to their pets and are seeking products that are high in quality. The products need to be formulated with ingredients that provide added functionality and health benefits. Concerns regarding ingredients used and health conditions such as obesity and high level of cholesterol are driving the demand for natural &d organic pet food products in the United Kingdom. Consumer preferences are also shifting from non-prepared to prepared food products for dogs and cats. Pets have been excellent companions to humans, and the rising trend of nuclear families has led to more and more people adopting pets. Opting for pet insurance is one of the measures taken by pet owners to provide their pets with better healthcare facilities. Owners also take care to take their pets veterinary doctors for regular checkups and vaccinations, which has boosted the pet healthcare market in the United Kingdom.
COMPETITIVE OUTLOOK
The major organizations that have established their presence in the United Kingdom pet healthcare market are Sanofi-Aventis S.A., The Hartz Mountain Corporation, Bayer AG, The J.M. Smucker, Co., Ancol Pet Products Limited and Bob Martin (UK) Ltd.