Dublin, April 12, 2021 (GLOBE NEWSWIRE) — The “U.S. Pet Market Outlook, 2021-2022” report has been added to ResearchAndMarkets.com’s offering.
U.S. retail sales of pet products and services reached $107 billion in 2020, up 9% over 2019, due largely to a COVID-19 driven spike in the pet population. All pet and veterinary industry trends – from how and why we get new pets to which pet care services we use and where – now intertwine with retail channel shopping trends.
Because most of the pet industry impacts associated with COVID-19 are in fact accelerations of existing trends, only a limited “return to normal” can be expected. Instead, COVID-19 has fast-forwarded the industry into the future. In 2021 and beyond, this new iteration of an “omnimarket” competitive landscape will be evident in several trends and effects:
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A permanent remix of physical and digital shopping behaviors.
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A growing role for direct manufacturer-to-consumer selling and shipping, along with retailer-based autoship and same-day delivery.
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A continued diversification of the veterinary sector, including through…
