The UK Pet Care Market forecast to grow 14.8% over the next five years 2016
ResearchMoz added Latest Research Report titled " The UK Pet Care Market 2016 " to it's Large Report database.
Summary
Pet Care is a resilient market that was relatively unaffected by the economic downturn, so despite the expected decline in consumer confidence following the EU referendum, the market will continue to grow over the next five years, albeit at a slightly slower rate in 2017 and 2018. There is polarisation in the market with the health and wellness trend driving consumers to purchase premium pet care items, while the expansion of discounters and single-priced players has supported volume growth of low value goods.
Key Findings
-The pet accessories market is set to be worth 643m in 2016, up 13.0% between 2011 and 2016, and forecast to grow 14.8% over the next five years, making it the fastest growing category in the pet care sector.
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-Collectively, the big four grocers still dominate the Pet Care market, however their share of the market is declining, as discounters and value focused general merchandisers continue to expand rapidly and steal shopper footfall and sales.
-Online channel gains traction. Purchases made online will account for 10.9% of the total Pet Care market in 2016 with the prevalence of online pureplays and extended ranges from multichannel retailers allowing consumers to purchase specialist products and bulk-buy pet food at a discounted price. Automated delivery schemes are also driving channel growth.
-Trends such as pet humanisation have led to the development of food products such as probiotics and supplements, while technology targeted at pets has become more prevalent. Innovations in pet food are yet to fully see their potential realized, so we expect this to support growth over the next five years.
-The rise in house prices, increased urbanisation and population growth has led to more people renting and living in smaller homes. As a result, consumers are less inclined to own pets due to restrictions from their landlords as well as a lack of physical space having a long term impact on potential growth in the Pet Care market.
Read All Retail Market Research Reports @ http://www.researchmoz.us/retail-market-reports-137.html
Synopsis
The Pet Care Sector Report offers a comprehensive insight into the pet care market and its sub-sectors, including pet food, pet health and hygiene, and pet accessories. The report analyses the market, the major players, consumer shopping habits and the main trends.
Table of Contents
-The hot issues
-What people buy
-Where people shop
-How people shop
-Why people shop
About ResearchMoz
ResearchMoz is the world's fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. ResearchMoz's service portfolio also includes value-added services such as market research customization, competitive landscaping, and in-depth surveys, delivered by a team of experienced Research Coordinators.
Contact Us:
Mr. Nachiket
Albany NY, United States - 12207
Tel: +1-518-621-2074 / Tel: 866-997-4948 (Us-Canada Toll Free)
Email: sales@researchmoz.us
Follow us on LinkedIn at: http://bit.ly/1TBmnVG
Summary
Pet Care is a resilient market that was relatively unaffected by the economic downturn, so despite the expected decline in consumer confidence following the EU referendum, the market will continue to grow over the next five years, albeit at a slightly slower rate in 2017 and 2018. There is polarisation in the market with the health and wellness trend driving consumers to purchase premium pet care items, while the expansion of discounters and single-priced players has supported volume growth of low value goods.
Key Findings
-The pet accessories market is set to be worth 643m in 2016, up 13.0% between 2011 and 2016, and forecast to grow 14.8% over the next five years, making it the fastest growing category in the pet care sector.
Download free Sample PDF report with TOC: http://www.researchmoz.us/enquiry.php?type=S&repid=839269
-Collectively, the big four grocers still dominate the Pet Care market, however their share of the market is declining, as discounters and value focused general merchandisers continue to expand rapidly and steal shopper footfall and sales.
-Online channel gains traction. Purchases made online will account for 10.9% of the total Pet Care market in 2016 with the prevalence of online pureplays and extended ranges from multichannel retailers allowing consumers to purchase specialist products and bulk-buy pet food at a discounted price. Automated delivery schemes are also driving channel growth.
-Trends such as pet humanisation have led to the development of food products such as probiotics and supplements, while technology targeted at pets has become more prevalent. Innovations in pet food are yet to fully see their potential realized, so we expect this to support growth over the next five years.
-The rise in house prices, increased urbanisation and population growth has led to more people renting and living in smaller homes. As a result, consumers are less inclined to own pets due to restrictions from their landlords as well as a lack of physical space having a long term impact on potential growth in the Pet Care market.
Read All Retail Market Research Reports @ http://www.researchmoz.us/retail-market-reports-137.html
Synopsis
The Pet Care Sector Report offers a comprehensive insight into the pet care market and its sub-sectors, including pet food, pet health and hygiene, and pet accessories. The report analyses the market, the major players, consumer shopping habits and the main trends.
Table of Contents
-The hot issues
-What people buy
-Where people shop
-How people shop
-Why people shop
About ResearchMoz
ResearchMoz is the world's fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. ResearchMoz's service portfolio also includes value-added services such as market research customization, competitive landscaping, and in-depth surveys, delivered by a team of experienced Research Coordinators.
Contact Us:
Mr. Nachiket
Albany NY, United States - 12207
Tel: +1-518-621-2074 / Tel: 866-997-4948 (Us-Canada Toll Free)
Email: sales@researchmoz.us
Follow us on LinkedIn at: http://bit.ly/1TBmnVG
The UK Pet Care Market forecast to grow 14.8% over the next five years 2016
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