"Dog" and "Cat" are the top two answers among Canadian consumers in our survey on the subject of "Household pets".The survey was conducted online among 12,146 respondents in Canada, in 2024. Looking to gain valuable insights about pet owners worldwide? Check out our

In 2024, according to a nationwide survey, there were estimated to be around 8.9 million cats in Canadian households. In the same year, there were approximately 8.3 million pet dogs in the country. Annual pet care costs in Canada Taking care of a pet cat cost Canadian pet owners an average of 2,542 Canadian dollars per cat in 2021. Annual expenses, such as professional dental care, food and, pet health insurance, were among the most expensive for this type of pet. The estimated yearly cost of caring for pet canines was over 1,000 Canadian dollars higher than feline-related expenses in 2022. On average, dog food and health insurance for dogs were significantly more expensive than cat food and insurance. Pet stores in Canada Ontario, Canada's largest province by population, was home to over 770 pet and pet supplies stores in 2021. Quebec, which is the largest province by area, had roughly 500 stores. In the same year, there was a total of less than ten pet stores in Yukon and the Northwest Territories, both of which are large, but sparsely populated federal territories of Canada.

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Pet Sitting Market Size 2024-2028

The pet sitting market size is forecast to increase by USD 1.57 billion at a CAGR of 9.87% between 2023 and 2028. The market is experiencing significant growth due to several key factors. First, the rising trend of pet humanization has led to increased pet ownership and spending on pets. Pet types encompass a wide range, from small mammals and birds to freshwater fish, smart pet livestock, and exotic pets. As pet owners prioritize their pets' wellbeing, they seek professional pet sitting services for care visits during their absence. Service types include regular check-ins, feeding, administering medication, and playtime. Compliance with stringent regulations and certifications is essential for pet sitting businesses to ensure the highest level of care and safety for pets. These factors collectively contribute to the market's growth and ongoing demand for professional services.

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The pet sitting market is thriving as more pet owners seek reliable care for their furry companions. With the return-to-work trend, many retired people and students are turning to pet sitting services to accommodate their busy lifestyles. This growing demand has led to increased spending of consumers on quality pet care. In particular, the pet care cost associated with hiring a service provider can vary, but it ensures pets are well cared for while owners travel or work. Furthermore, societal shifts in pet acceptance have made pets a central part of many households, leading to a rise in the need for professional care. Ultimately, the pet sitting market reflects the evolving relationship between humans and their animal companions, providing peace of mind for pet owners.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Dogs
  Cats


Service

  Care visits
  Drop-in visits


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK


  APAC

    China


  Middle East and Africa



  South America

By Type Insights

The dogs segment is estimated to witness significant growth during the forecast period. The market experiences significant growth due to the increasing popularity of dogs as pets and the resulting demand for pet care services. Dogs, the most commonly owned pets worldwide, are sought after for their ability to alleviate feelings of loneliness, reduce anxiety, stress, and depression, and promote physical activity and cardiovascular health. Additionally, dogs serve as valuable companions for children and the elderly, instilling responsibility, kindness, and empathy.

Additionally, pet owners require pet sitting services, including daycare visits and dog walking, when they are unable to be at home. Animal-borne disorders, such as abdominal pain and diarrhea, can necessitate the need for pet sitting services, further driving market growth. The rise of e-commerce platforms has also made it easier for pet owners to access a wide range of pet grooming products and services online, contributing to market expansion. Furthermore, legislation and regulations governing pet care and pet sitting services may vary by region, segmenting the market by pet type and location.

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The dogs segment was valued at USD 1.31 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market, a significant sector within the pet care industry, experiences substantial growth, particularly in North America. With the US, Canada, and Mexico leading the way, this region hosts the largest number of pets and pet-sitting services worldwide. Factors such as the affordability of these services and the availability of experienced, full-time providers contribute significantly to the market's expansion in North America.

Additionally, increasing awareness among pet owners regarding various pet sitting options, including daycare visits and dog walking, further fuels market growth. Animal-borne disorders like abdominal pain and diarrhea necessitate the need for professional pet care services, leading to increased demand for pet sitting. Legislation mandating proper care for pets during their owners' absences also supports the market's growth.

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of

Pet Insurance Market Outlook

The global pet insurance market size is projected to grow from USD 7.3 billion in 2023 to USD 20.7 billion by 2032, at a compound annual growth rate (CAGR) of 12.2%. This robust growth is driven by increasing pet ownership and rising awareness of pet health and wellness. The market is expected to witness significant growth owing to the trend of humanization of pets, where pet owners are increasingly treating pets as family members, thus willing to spend more on their healthcare and well-being.

A major growth factor for the pet insurance market is the increasing awareness among pet owners about the rising costs of veterinary services. As medical advancements in veterinary care continue to develop, the treatment options for pets have also become more advanced and, consequently, more expensive. This has spurred the demand for pet insurance policies that can mitigate the financial burden of unforeseen medical expenses. Moreover, the increasing number of companion animals around the world and the growing expenditure on their healthcare are further propelling the market growth. In countries like the United States and Canada, there is a notable rise in the adoption of pet insurance to safeguard against high veterinary costs.

The humanization of pets is another significant driver contributing to the market's expansion. Pet owners are increasingly viewing their pets as integral family members and are willing to invest in their health and well-being. This trend is particularly evident in developed regions such as North America and Europe, where disposable incomes are higher and the willingness to spend on pet healthcare is more pronounced. Beyond just treating illnesses, pet insurance policies now cover preventative care, which further drives the market as owners seek comprehensive health plans for their pets.

Technological advancements in the pet insurance industry are also playing a crucial role in market growth. The integration of digital platforms for managing insurance policies, claims, and providing telemedicine services is making it easier for pet owners to access and manage their insurance plans. The rise of mobile apps and online portals allows for more efficient and user-friendly services, encouraging more pet owners to adopt insurance policies. These digital tools also facilitate better customer engagement and personalized service, enhancing overall customer satisfaction and loyalty.

Pet cat Insurance is becoming increasingly popular as more cat owners recognize the importance of safeguarding their feline companions against unexpected medical expenses. Cats, while generally requiring less medical attention than dogs, are still susceptible to a variety of health issues that can arise suddenly. Insurance policies tailored specifically for cats often cover a range of medical treatments, including emergency care and chronic conditions, providing peace of mind to pet owners. As urban living continues to rise, with more people choosing cats as their preferred pets, the demand for cat-specific insurance policies is expected to grow. This trend is particularly noticeable in metropolitan areas where veterinary costs can be significantly higher.

Regionally, North America holds the largest share of the pet insurance market, driven by high pet ownership rates and a strong focus on pet health and wellness. Europe follows closely, with countries such as the UK, Sweden, and Germany showing significant adoption rates. The Asia Pacific region is emerging as a lucrative market, with growing awareness and increasing pet adoption rates in countries like China, Japan, and Australia. These regions are expected to witness substantial market growth due to rising disposable incomes and changing attitudes towards pet care.

Policy Type Analysis

The pet insurance market is segmented into various policy types, including Accident & Illness, Accident Only, and Others. The Accident & Illness segment is anticipated to hold the largest market share due to its comprehensive coverage, which includes a wide range of medical issues from minor injuries to serious illnesses. This type of policy is highly preferred by pet owners seeking extensive health coverage for their pets. The extensive coverage provided by these policies ensures that pet owners are protected against unexpected high veterinary costs, makin

Dog Sitting Service Market Outlook

The global dog sitting service market size is projected to grow from USD 4.5 billion in 2023 to an impressive USD 10.2 billion by 2032, reflecting a robust Compound Annual Growth Rate (CAGR) of 9.1% over the forecast period. This growth is largely driven by the increasing pet ownership rates and the rising disposable incomes, which allow pet owners to spend more on premium pet care services.

One of the primary growth factors for the dog sitting service market is the escalating number of pet owners globally. According to recent statistics, the number of households with pets has significantly increased in the past decade, with dogs being the most popular choice. This surge is particularly notable in urban areas where people often face constraints concerning time and space, making professional dog sitting services a necessity rather than a luxury. Furthermore, the humanization of pets trend has led owners to seek top-notch care for their furry friends, further propelling the demand for professional dog sitting services.

Another crucial factor contributing to the market's growth is the busy lifestyles of modern pet owners. With longer working hours, frequent business trips, and vacations, many pet owners are unable to provide consistent care for their dogs. This lifestyle shift has created a burgeoning market for dog sitting services, which offer convenience and peace of mind to pet owners. Additionally, the increasing awareness regarding the mental and physical well-being of pets has encouraged owners to opt for professional care services when they are unavailable, boosting the market's growth.

Technological advancements and the proliferation of mobile applications have also played a pivotal role in the market's expansion. The rise of online booking platforms has made it easier for pet owners to find and book reliable dog sitting services. These platforms often feature detailed profiles, reviews, and ratings of sitters, helping owners make informed decisions. This digital transformation has not only streamlined the booking process but has also expanded the market's reach, attracting tech-savvy pet owners who prefer the convenience of online services.

Regionally, North America is expected to dominate the dog sitting service market, followed by Europe and the Asia Pacific. In North America, particularly in the United States and Canada, the high pet ownership rates combined with the growing trend of pet humanization are significant drivers of market growth. Europe is also witnessing a steady increase in demand for dog sitting services, driven by similar trends. Meanwhile, the Asia Pacific region is anticipated to exhibit the highest growth rate due to rising disposable incomes and increasing awareness about pet care services in emerging economies like China and India.

Pet Daycare services have emerged as a vital component of the pet care industry, offering a structured environment for dogs to engage in social activities and receive professional supervision. These facilities cater to the needs of working professionals who seek reliable care for their pets during the day. Pet Daycare centers provide a range of activities designed to stimulate both the mind and body of the dogs, ensuring they remain active and engaged. The growing awareness of the benefits of socialization and exercise for dogs has led to an increase in demand for Pet Daycare services. As more pet owners recognize the importance of these services in maintaining their pets' overall well-being, the market for Pet Daycare is expected to expand significantly.

Service Type Analysis

The dog sitting service market can be segmented based on service type, including in-home dog sitting, pet daycare, overnight boarding, dog walking, and other specialized services. In-home dog sitting services, where a sitter takes care of the pet in the owner's home, are highly popular due to the comfort and familiarity it provides to the dog. This service type is particularly favored by pet owners who wish to maintain their dogÂ’s routine and environment, minimizing stress for the pet. In-home sitting also offers a personalized care approach, often including additional services like feeding, playtime, and administering medications.

Pet daycare services are another significant segment within the market. These facilities provide a safe and engaging environment for dogs during the day while their owners are at w

Veterinary practices have benefited in recent years as more pet owners and agricultural producers seek out vets regularly to care for their animals. At the same time, medical advances for human care have been pouring into veterinary care, extending care beyond preventive measures into specialized areas. More than ever, households see their pets as an integral part of the family. Consumers' shifting attitudes toward household pets support the growth of veterinary clinics, as pet owners are more willing to spend on veterinary care. This willingness, combined with Canada's jump in its pet ownership rate, has strengthened the industry's role in supporting the country's pet owners. Still, recent financial challenges, including labor shortages and inflation, have hurt revenue growth, leading industry-wide revenue to fall at a CAGR of 0.6% over the past five years – totaling an estimated $7.1 billion in 2025 – when revenue will rise an expected 1.5%. Pet ownership is reaching a record high in Canada. According to the Canadian Animal Health Institute, 60.0% of Canadian households had at least one dog or cat in 2022. From 2020 to 2022, the dog population grew by 2.6%, from 7.7 million to 7.9 million; the cat population saw an even higher jump, increasing 4.9% in just two years. Higher pet ownership does establish a larger client base for vets, but workforce growth has lagged, creating an environment where capacity far exceeds supply. Labour shortages are burning out the industry's workforce, incentivizing consolidation and preventing pet owners from receiving preventative care. Trends in pet ownership won't subside moving forward, creating a strong, steady demand for comprehensive veterinary care. Still, the industry will face challenges addressing labour shortages and evolving market dynamics. Vet shortages are structural, putting pressure on the federal and provincial governments to intervene by increasing funding for education and incentivizing new grads to practice in rural areas. At the same time, consolidation activity isn't expected to slow, creating a larger divide between corporate-owned clinics and small, independent ones. In all, veterinary services' revenue is expected to expand at a CAGR of 0.6% to $7.3 billion over the next five years.

Fish were the most populous pet category in Canada in 2020, with a population of around 8.51 million. Cats came in second place with a population of approximately 8.18 million. The total pet population in Canada reached approximately 27.93 million pets in 2020.

According to a survey carried out in Canada in June 2021, respondents from Quebec were the most likely to have a pet. Pet ownership was lowest in Saskatchewan and Manitoba, where 47 percent of respondents stated that they had a pet.

As per Cognitive Market Research's latest published report, the Global pet transport service market size was USD 0.65 billion in 2022. pet transport service Industry's Compound Annual Growth Rate will be 6.60% from 2023 to 2030. What are the Major Trends in the Pet Transport Service Market?

Increasing Pet Owner Demand for Pet Inclusion and Expanding Pet Tourism to Provide Viable Market Output

Pet owners' increased demand for pet inclusion is expected to drive growth in the worldwide pet travel services industry. The globe is seeing a transformation in how animals are treated, including how they are housed and transported. Pet owners are becoming more conscious of their rights and calling for inclusion. Worldwide, various international and domestic organizations work tirelessly to guarantee that animals are not mistreated while being cared for at home or transported from one area to another.

Furthermore, pet tourism is seeing exponential growth due to various causes, including an increasing number of families ready to pay extra money for traveling with pets and changing attitudes. Increased investment in creating pet-friendly infrastructure in developed and developing countries is also a major driver of worldwide business growth. This is aided further by the increase in players offering quality services at reasonable pricing.

In the United States and Canada, more than 50 pet travel companies are recognized by the International Pet and Animal Transportation Association (IPATA).

(Source:www.ipata.org/)

The Factors are Limiting the Market Growth for Pet Transportation

Increased Animal Death Rates While Travelling to Hinder Market Growth

However, the global sales volume in the pet travel services sector may be hindered by several factors throughout the projection period. Concern should be expressed over factors including rising pet missing-pet rates and animal fatalities during transportation. For example, between 2015 and 2017, United Airlines noted that approximately 75% of the animals it transported died. Less revenue may also result from other problems, including the frequency of animal health problems varying by breed and transportation.

Impact Of COVID-19 on the Pet Transportation Services Market

Due to travel restrictions and adjustments to air travel regulations, the COVID-19 pandemic has substantially influenced the market for pet travel services, causing a fall in demand for pet airlines and transport businesses. As a result of regulatory changes, several airlines have stopped offering pet travel services, and it is now harder and more expensive to transport pets internationally. But as pet adoption and fostering have increased, and people have relocated, there has been a rise in demand for pet transportation services. It is anticipated that as the world adjusts to the epidemic, the market for pet travel services will change. Introduction of Pet Transport Service

The growing worldwide mobility of pet owners and the increasing globalization of society are important drivers. Pet transport services are increasingly in demand as more people and families cross international borders. Due to this factor, there is a significant opportunity for service providers to broaden their clientele and meet the rising need for easy cross-border pet travel.

These developments empower businesses to offer better-tailored solutions, which, in turn, contribute to the growth of the pet transport travel type industry.

For instance, for over 30 to 50 years, some of the biggest players in the industry, like Airpets International and Pets Abroad UK, have offered various domestic and international travel options for pets.

(Source:www.thisoldhouse.com/storage-organization/reviews/pet-shipping-companies)

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Companion Animal Specialty Drugs Market Size 2025-2029

The companion animal specialty drugs market size is forecast to increase by USD 6.54 billion at a CAGR of 7.4% between 2024 and 2029.

The market is experiencing significant growth due to the increasing trend of pet humanization, which has led to an increased demand for specialized veterinary medications. Pet owners are treating their animals as family members and are willing to invest in their health and wellbeing, driving the market's expansion. Furthermore, the development of innovative companion animal specialty drug offerings is catering to the unique needs of pets, providing effective solutions for various health conditions. However, the market faces challenges as well. The patent expiry of several companion animal specialty drugs poses a threat to market players, as generic alternatives enter the market and price competition intensifies.
This could impact the profitability of companies and necessitate a focus on research and development to maintain a competitive edge. Additionally, regulatory requirements and stringent approval processes can prolong the time-to-market for new specialty drugs, increasing the risk and cost of bringing new products to market. Companies must navigate these challenges effectively by investing in research and development, building strategic partnerships, and adhering to regulatory guidelines to capitalize on the market's growth opportunities.

What will be the Size of the Companion Animal Specialty Drugs Market during the forecast period?

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How is this Companion Animal Specialty Drugs Industry segmented?

The companion animal specialty drugs industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Distribution Channel

  Veterinary hospitals
  Pet care clinics
  Pharmacy stores


Product

  Vaccines
  Antibiotics
  Parasiticides
  Feed additives
  Others


Route Of Administration

  Oral
  Injectable


Animal Type

  Cats
  Dogs
  Horses
  Others


Drug Type

  Anti-Infectives
  Anti-Inflammatories
  Vaccines


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Distribution Channel Insights

The veterinary hospitals segment is estimated to witness significant growth during the forecast period.

In the realm of veterinary care, the companion animal sector encompasses a significant market segment. Veterinary pharmaceuticals play a pivotal role in this industry, supplying essential medications for pets. Veterinary technicians, an integral part of the animal healthcare team, ensure the effective administration of these drugs. Pet owners prioritize their beloved companions' health and safety, driving the demand for high-quality veterinary services. Data analytics and electronic medical records facilitate personalized treatments, enabling veterinary professionals to provide precise care. Wearable devices and mobile apps offer real-time monitoring, enhancing preventive care. Supply chain management ensures the timely distribution of veterinary drugs, maintaining the continuity of care.

Advancements in veterinary science include gene therapy, artificial intelligence, and Diagnostic Imaging, revolutionizing the treatment of chronic diseases. Research institutions and veterinary specialists collaborate on clinical trials to develop new drugs and therapies, addressing the needs of aging pets and various animal health concerns. Regulatory compliance is crucial in the veterinary pharmaceutical industry, ensuring the safety and efficacy of prescription drugs. Over-the-counter medications cater to common ailments, while veterinary education and continuing professional development keep animal care professionals updated on the latest treatments and technologies. Animal shelters and animal hospitals rely on veterinary software and cloud computing for efficient record-keeping and data management.

Affordable care initiatives and pet insurance help ensure access to essential treatments for pets. Drug interactions and adverse effects necessitate careful consideration, with regulatory approvals and quality control measures in place to safeguard animal welfare. Neurological, cardiovascular, and Oncology Drugs, among others, offer innovative solutions for pets with complex health issues. Veterinary informatics and data privacy are essential aspects of modern veterinary practice, enabling predictive analytics and precision medicine. The veterinary community's ongoing research and development drive advancements in veterinary care,

Thailand’s pet industry is expected to reach nearly 75 billion baht by 2024. Over the past year, the value has grown, with pet food contributing the highest to the market value. Given that the Thai pet industry is booming, what are the initiatives taken by the Thai government to support the sector, and what is the state of animal welfare in Thailand? Thailand as a leading pet food exporter As of June 2024, there were over 5,000 registered pet businesses, ranging from manufacturing pet food to breeding pets. These businesses brought in 5.3 billion Thai baht of foreign investments as of June 2024. The Thai government recognizes the potential of the pet industry. With pet food manufacturing generating over half of the pet sector's value, the government aims to promote Thailand as one of Asia’s leading pet food exporters. In 2023, Thailand was the leading pet food supplier for the Philippines and ranked within the top five for South Korea and Canada. How is Thailand treating animals? The first Animal Welfare Law was passed in 2014 to protect pets and animals from abuse and neglect. However, the country has a considerable number of stray animals. The government supports programs for sterilization and vaccination of stray dogs and cats to control the stray population, especially in urban areas like Bangkok. While some stray animals may receive care from public services, most household pets are treated in private veterinary facilities, as their owners have greater confidence in the veterinarians.

PetSmart was the largest pet specialty retail chain in North America as of March 2023 in terms of store count, with a total of 1,665 stores. The company provides a variety of animals for sale and adoption, such as dogs, cats, birds, fish and reptiles. Pet grooming services, dog training, and pet hotel and day care facilities are also part of the company’s growing portfolio. Petco was PetSmart’s closest competitor in terms of store locations in that year, with roughly 1,550 stores across North America.

The pet store industry

The pet store industry continues to grow despite increased competition from supermarkets, mass merchandisers and online retailers which offer consumers more convenience at lower prices. By 2025, the U.S. pet store industry is expected to generate approximately 22.87 billion U.S. dollars in revenue, an increase of around two billion since 2020.

PetSmart vs. Petco

The largest pet supply companies in the United States are without a doubt PetSmart and Petco Animal Supplies. PetSmart, which is headquartered in Phoenix, Arizona, brings revenue in from brick-and-mortar stores across the U.S., as well as in Canada and Puerto Rico. In the financial year of 2020/21, the company generated close to seven billion U.S. dollars in revenue, an increase of over 350 million compared to the previous fiscal year. On the other hand, Petco, which mainly operates in the U.S., Puerto Rico, and Mexico, brought in roughly three billion U.S. dollars' worth of revenue in 2020/21.

PetSmart, formerly known as PetFood Warehouse, is an American retail chain that focuses on the sale of pet products as well as services, such as grooming and training. With revenue numbers reaching about almost ten billion U.S. dollars during the fiscal year of 2023, PetSmart was one of the leading pet retailer in the United States. Revenue streams PetSmart brings revenue in from brick-and-mortar stores across the U.S., as well as in Canada and Puerto Rico. The company also offers their customers the option to shop online and have products delivered directly to their doors. Despite these options, however, the majority of people still purchase all of their pet food and supplies in-store rather than online. That being said, with the evolution of the e-commerce market in the U.S., it is likely that more consumers will turn to online channels for pet purchases in the future. The competitive landscape The pet store industry continues to grow despite increased competition from supermarkets and mass merchandisers, which offer shoppers more convenience at lower prices. When it comes to competition within the pet retailer market, PETCO Animal Supplies Inc is PetSmart’s major rival. PETCO have over to 1,550 stores across North America, and their revenue has reached around three billion U.S. dollars in recent years.