Significant increase in pet ownership worldwide
The pet industry has shown a steady growth trend worldwide. According to statistics and industry research, the number of pet owners and pet ownership rates have increased significantly over the past few decades.
United States: According to the American Pet Products Association (APPA) report, as of 2020, approximately 67% of U.S. households owned a pet, with around 90 million cats and 94 million dogs. The United States has one of the highest pet ownership rates globally.
Europe: Pet ownership rates in Europe are also significant. For example, in the United Kingdom, according to data from the Royal Veterinary College, over a quarter of households have at least one dog, and over a third of households have at least one cat.
Asia: Pet ownership trends in Asia are also on the rise. China is a notable example, where the pet market has been growing rapidly due to the rise of the middle class and increased pet care awareness. China is one of the fastest-growing pet markets globally.
Pet water dispenser market shows positive growth
- Market Expansion: The big pet water fountain market has been experiencing steady growth in recent years and is expected to continue expanding in the coming years. This is driven by the increasing focus of pet owners on pet health and welfare, as well as the demand for high-quality, convenient, and hygienic pet products.
- Increased Health and Hygiene Awareness: More and more pet owners are realizing the importance of pet hydration, leading to an increased demand for water dispensers. Silent pet fountain provide clean, filtered, or sterilized water, preventing the entry of bacteria and contaminants and ensuring the hygiene and safety of pet drinking water.
- Technological Innovations and Added Features: The silent pet fountain market has witnessed a rise in technological innovations and added features. For instance, some pet water dispensers are equipped with filtration systems that remove impurities and odors from the water. Others utilize UV sterilization technology or ozone sterilization technology to provide advanced water treatment.
- Intensified Market Competition: With the growth of the pet water dispenser market, competition has become more intense. Numerous companies have entered the market, offering a variety of products with different types and price ranges. Brand recognition, product quality, innovation, and competitive pricing are key factors for success in the market.
- E-commerce Channel Growth: With the development of e-commerce, an increasing number of consumers prefer to purchase silent pet fountain through online channels. E-commerce platforms provide a wider selection, convenient shopping experience, and competitive pricing, thereby driving the growth of the silent pet fountain market.
The pet water dispenser market shows positive growth, driven by consumer focus on pet health and welfare and the demand for convenient and hygienic pet products. Technological innovations, added features, and intensified market competition will further drive market growth and diversification. Smart pet products market is still a hot investment direction. Choosing OMNI PETLIFE will be a powerful help in your smart pet products business.
