According to the latest market report from Transparency Market Research, North America led the global pet daycare and lodging market in 2018, with Europe, APAC, South America, and MEA recording the fastest incremental growth. In addition, millennials make up the largest group of pet parents, while online retailers continue to gain a stronger footing in the industry. This article will discover the latest trends in pet daycares and lodging.
Global pet daycare and lodging market
The growing pet humanization culture has fueled the demand for pet day care spring tx, and pet lodging services. Providers consider market trends and factors to differentiate themselves from each other to gain a share of the lucrative market. Some providers even provide overnight care to pets. Companies offering these services focus on different types of pets.
North America is the leading region, with over 85 million households owning a pet. This growth is due to increasing pet adoption, with families growing by 12% in the past 30 years. Luxury pet obsession is also fueling the market growth. The market is split into several regions, with North America leading the global pet daycare and lodging market in 2018.
Millennials are the largest segment of pet parents.
Millennials, predominantly college-educated professionals, comprise the most significant part of the pet-parenting population. They are recognized for being tech-savvy and high-spending, and they are anticipated to be the wealthiest generation in history. As a result, millennials are crucial to the pet sector, where they represent one of the most influential demographics. Furthermore, their increasing desire to own and care for a pet will most likely encourage them to purchase one.
According to a recent Zulily survey, millennials consider their pets more like family members than romantic partners. 42% of millennial pet owners would prefer to snuggle with their pets before a date. Interestingly, millennials view pet parenting as a way to prepare for the arrival of a baby. Pets allow millennials to spoil their beloved animals before their children come. Baby boomers and millennials experience separation anxiety, common in pet owners of all generations.
Rising trend in pet products
A trend in pet products is driving the growth of custom diets. In addition, customized diets are gaining a foothold online. Pet food manufacturers and retailers respond with customized recipes and products, which have become a growing retail market segmenting pet supply retailer Petco, recently reported a stellar quarter. While brick-and-mortar stores face stiff competition, they must focus on the online channel to stand out.
Smart pet beds
The Petrics intelligent pet bed is a revolutionary product that tracks your pet’s weight, rest, and activity. In addition, the bed’s built-in temperature and activity sensors track your pet’s caloric burn and rest levels. You can also control the bed’s heating functions through the Smart Pet App. The intelligent pet bed also offers real-time feedback, helping you spot health problems in your pet before they become expensive.
In addition to being able to track your pet’s weight and activity levels, smart pet beds are now equipped with temperature controls and built-in scales. Designed to meet the standards of pet daycares and lodgings, the Petrics smart bed also comes with a thermostatic heating and cooling system and a removable cover. In addition, this product is highly durable and will last for many years.
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