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DUBLIN--(BUSINESS WIRE)--Sep 22, 2022--
The "U.S. Pet Market Focus: Pet Stores and Pet Specialty Retailing" report has been added to ResearchAndMarkets.com's offering.
The pet industry continues to outperform other consumer markets in the U.S. And following years of flat sales, pet specialty retailers have been doing especially well during the pandemic, with sales rising 18% in 2021 to reach $31 billion (including in-store, online, and services sales) following another double-digit percentage advance in 2020.
Much of this success owes to the online boom, with Chewy leading the pure play internet pet specialty pack. But brick-and-mortar sales have been improving as well thanks to retailers' focus on veterinary and non-medical services, as well as additional services such as BOPUS (buy online, pick up at store) and rapid home delivery. This report provides a comprehensive examination of the factors behind the success of the pet specialty channel as well as the challenges and opportunities facing retailers in 2022 and beyond.
The business of pet specialty retailing has never been more complex in terms of the many types of omnichannel players fighting for market share. Focusing on the performance of pet specialty retailers between 2017 and 2021 and projecting sales through 2026, U.S. Pet Market Focus: Pet Stores & Pet Specialty Retailing examines the channel in the context of retail competitors including mass-market retailers, general online retailers, and farm and feed retailers. It also explores competition within the pet specialty channel itself, with PetSmart and Petco garnering the majority of brick-and-mortar sales and Chewy accounting for a large majority of the online boom.
The analysis covers market share trends, marketing trends including private label, and the impact of the pandemic on pet owner behavior including shopping patterns, demographic trends, and cross-channel shopping. U.S. Pet Market Focus: Pet Stores & Pet Specialty Retailing, contains numerous tables and figures providing detailed breakouts, as well as dozens of illustrations displaying key trends.
The primary research also includes interviews with pet market experts and participation in pet industry events including the American Pet Products Association's Global Pet Expos, Petfood Industry/Watt Publishing's Petfood Forums, and the Pet Industry Joint Advisory Council's Pet Industry Leadership Summit. The analysis also reflects on-site examination of retail and service provider venues and Internet canvassing.
Key Topics Covered:
Executive Summary
Introduction
Competitive Situation
Marketing & Retail Strategies
The Pet Specialty Consumer
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/a623nl
View source version on businesswire.com:https://www.businesswire.com/news/home/20220922005668/en/
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KEYWORD: UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: RETAIL SPECIALTY PETS CONSUMER
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 09/22/2022 10:03 AM/DISC: 09/22/2022 10:03 AM
http://www.businesswire.com/news/home/20220922005668/en