Pet Food Market Share By Web Sales
An estimated 70.89% of the pet food stores worldwide brought in less than $1 Million in web sales. A quarter of the companies – 25.42% saw web sale revenue in the $1M-$5M range. 2% of pet food stores brought in $5-$10M in web sales. Only 0.11% of the companies accounted for exceeded the billion mark.
Pet Food Market Share By Region
Region wise, the United States clinched the top spot with 70.90% of the market share. Following far behind is the United Kingdom which makes up for the 11.98% of the pet food stores accounted for. Canada, Australia, and Japan filled in the rest of the spots in the top five with 6.78%,3.03% and 2.56% respectively.
North America was found to be the most ‘paw-friendly’ of all regions, topping the list 77.68% of the market share. Europe came in at second place with 13.27% followed by the APAC region with 5.73%.
Pet Food Market Share by Traffic
Only 0.98% of the pet food stores accounted for brought in more than 500,000 visitors per month. 17.30% of pet stores witnessed less than a thousand visitors on a monthly basis. Around half of pet food stores – 50.92% saw visitors in the range of 1000-10,000.
All bark, no bite?
Currently dominated by North America and Europe, the APAC region continues to be a key point of focus for the industry along with Latin America moving forward. Pets have become a part of the lifestyle for not only the affluent but also the ‘middle-class’ of developing nations. With a growing segment of ‘pet-parents’ who are not shy about opening their wallets up for their ‘fur-babies’, the industry is set to enjoy a period of growth for the next few years.