Groomed well: The rise in pet ownership and demand for industry products will boost revenue

The Pet Stores industry in Canada performed strongly over the five years to 2018 as cats, dogs, fish and birds remained popular home companions. High pet ownership rates and an increasing number of pet parents, those that treat their pets as family members, supported demand for industry products. Additionally, higher household income levels and rising consumer confidence encouraged consumers to indulge their pets with price-premium pet products, boosting industry demand. Pet stores, which are traditionally small and independently owned operations, have endured mounting competition from supermarkets, mass merchandisers and online retailers. In addition to luring consumers with competitive prices, these retailers offer the convenience of one-stop more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • High pet ownership rates and an increasing number of pet parents supported demand for industry products
  • Continued emphasis on pet services will be a primary driver for sales
  • Rising pet ownership will serve as a catalyst for industry growth
  • Industry Report - Industry Products Chapter

    Pet foodFood is a necessity for all pets, therefore it is unsurprising pet foods constitute the largest product segment for the industry at 46.3% of revenue. This segment includes a wide range of products including dry and wet food for dogs and cats, bird feed, crickets and worms for reptiles and other treats and supplements. Over the past five years, retailers increasingly provided all-natural and organic food products in response to growing consumer demand. These premium pet foods tend to be higher priced with larger markups, especially food that is fresh or refrigerated, a factor benefiting industry revenue. Tod...purchase to read more.

    Additional Insights for the Pet Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Pet Stores Industry are

  • Attractive product presentation
  • Experienced work force
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Population in the Pet Stores industry impact industry performance..

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    What's in this report

    What is the Pet Stores Industry?

    This industry sells a variety of pets, including dogs, cats, fish and birds. Stores also sell pet food and pet supplies, such as collars, leashes, health and beauty aids, shampoos, medication, toys, pet containers, dog kennels and cat furniture. Some stores also offer pet services, such as grooming and training.

    Industry Products
  • Pet food
  • Pet supplies
  • Pet services
  • Live animals
  • Industry Activities
  • Retailing pets
  • Retailing pet food
  • Retailing pet supplies
  • Pet grooming and boarding
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Population
  • Number of fixed broadband connections
  • Total retail sales

  • Current Performance
  • Part of the family
  • Increasing competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Premium products will remain popular
  • Industry outlook
  • Table: Pet Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Pet Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in Canada

  • Key Selling Industries
  • Animal Feed Production in Canada
  • Toy, Doll & Game Manufacturing in Canada
  • Veterinary Services in Canada

  • Products & Services
  • Pet food
  • Pet supplies
  • Pet services
  • Live animals
  • Chart: Pet Stores Industry Products and Services Segmentation

  • Demand Determinants
  • Pet ownership rates
  • Household income
  • Demographics

  • Major Markets
  • Highest income quintile
  • Third-lowest income quintile
  • Fourth-lowest income quintile
  • Second-lowest income quintile
  • Lowest income quintile
  • Chart: Major Market Segmentation for the Pet Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationMarketing and rent
  • Chart: Cost Structure Benchmarking – Sector vs Pet Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Pet Stores Industry

  • Industry Globalization
    PetSmart, Global Pet Foods,
  • Table: PetSmart - financial performance
  • Table: Global Pet Foods - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Pet Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Pet Stores Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per capita disposable income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A trend in which pet owners treat pets as humans, providing them with services such as pet hotels and grief counselling.
  • Just-In-Time (Jit)
  • A strategy implemented to improve profitability by reducing inventory and purchasing the raw materials that are required for the immediate term only.
  • Pet Parents
  • Pet owners who are enthusiastic about their pets and treat them as members of their family.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Pet Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Pet Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Pet Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Pet Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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