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The market size is expected to. The global pet products market size was estimated at usd 84,262.0 million in 2022 and is projected to reach usd 120,781.3 million by 2030, growing at a cagr of 4.6% from 2023 to. Shanghai — as the global pet care market surges toward a projected $598 billion valuation by 2033, according to precedence research, international pet trade shows.

Recent strength in food sales by companies including mars and j.m The pet industry is expected to reach $358.62. Smucker has set the stage for the global pet industry to expand more than 45% to exceed $500 billion by 2030.

The pet industry is projected to grow from $320 billion today to almost $500 billion by 2030, according to a recent report from bloomberg intelligence

The pet sector contributed $260.5 billion directly and indirectly to the u.s Economy and accounted for a net contribution to the annual gross domestic product (gdp) of $174.67.