Global Pet Care E-Commerce Market Size, Trends & Analysis – Forecasts To 2026

Global Pet Care E-Commerce Market Size, Trends & Analysis – Forecasts To 2026

The global pet care e-commerce market is expected to generate revenue amounting to USD 23.11 billion in 2020, and is projected to reach to USD 44.04 billion by 2026, growing at a CAGR of 11.35% over the forecast period. Increase in pet adoption across the globe is one of the major factor expected to propel the market growth during the forecast period. Technological advancements coupled with mobile adaptivity for better customer experience and single-touch purchase options are driving the market growth for pet care e-commerce. Increasing internet penetration and growing usage of smartphones across the world is also driving the market growth. Rising mobile adaptivity, and user-friendly webpages have increased the popularity of e-commerce websites during the forecast period. According to the U.S. Department of Commerce, consumers have spent USD 601.75 billion online in 2019. Increase in the demand for pet care products is also driving the market for pet care e-commerce. Increase in the number of companion animal adoptions, and awareness regarding pet healthcare across various regions including North America, Europe, Asia Pacific, and Central & South America is further projected to propel the market growth of pet care e-commerce. However, lack of e-commerce adoption and high pet care cost are likely to hamper the market growth over the coming years.

Browse the report @ https://www.globalmarketestimates.com/market-report/global-pet-care-e-commerce-market-2138

Global Market Estimates Research & Consultants provides actionable insights to 80% of the Fortune 2000 companies with their market research reports.

Global Market Estimates Research & Consultants
Tel: +1 602 666 7238
Email: sales@globalmarketestimates.com
Website @ https://www.globalmarketestimates.com/
Visit our blog@ https://www.globalmarketestimates.com/blog-posts.php