Middle-income South Africans boost R8 mth pet market: Survey – SABC News

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Despite the economy barely growing and households short on disposable income, most still spend a significant amount on pet care.

According to the annual BrandMapp survey, South Africa’s middle-income base contributes more to the pet market valued at over R8 billion a year.

Ultimate Pet Care, the largest mobile grooming parlor in the country, says households spend an average of R2000 and above for pet care.

Hannes Roodt runs a grooming parlor that boasts 50-plus franchises. Together they groom just under 10 000 dogs a month. Just last year, the business expanded and added a pet

Explore how Indonesia’s Shifting Attitudes Toward Pet Adoption is going to Reshape the Pet Care Market to be worth US$ 5.89 Billion by 2033

NEWARK, DE / ACCESSWIRE / April 25, 2023 / The Indonesia pet care market is expected to reach US$ 2,298.4 Million in 2023. The market is likely to surpass US$ 5,883.2 Million by 2033 at a CAGR of 9.5% from 2023 to 2033.

The pet care industry in Indonesia has experienced significant growth in recent years, driven by several key factors. One of the primary drivers of growth in the industry is the increasing number of pet owners in the country. This growing pet population is creating new opportunities for companies that offer pet food, grooming, and healthcare products and

Pet Care Market Growth is Driven by Increasing Health Focus

NEWARK, Del., Aug. 21, 2023 (GLOBE NEWSWIRE) — The Global Pet Care Market is predicted to be valued at US$ 211.1 Billion in 2023 and US$ 430 Billion by 2033. Over the projection period, sales in the pet care market are expected to increase at a CAGR of 7.4%. The integration of technology into pet care is an avenue that remains largely unexplored. From wearable health trackers and smart feeding solutions to virtual pet healthcare platforms, the intersection of pets and technology offers limitless potential.

The rising wave of eco-consciousness extends to pet care. Biodegradable waste products, sustainable

Why the Luxury Market for Pets Is Exploding

Pampered pooches and coddled cats are getting treated better than ever.

Pet owners in the UK are spending almost £500 ($620) a year on luxury items for their furry friends in a skyrocketing luxury pet market, according to data from MoneySuperMarket. These purchases included designer clothing, luxury beds, toys, and even gourmet treats.

One of the biggest reasons for the augmented interest is the fact that more people have pets due to Covid-19, Forbes reported. But a surprising trend emerging from those pandemic pooches is putting Fido first.

“People enjoy spoiling their dogs because it makes them feel better, and

Pet Care Market Set to Soar Past USD 384.2 Billion by 2030

Westford,USA, July 27, 2023 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Pet Care marketincreased focus on natural and organic products, the rise of e-commerce and direct-to-consumer channels, the surge in pet tech and wearables, focus on sustainability and eco-friendly products, personalized and customized offerings, growth in pet grooming and spa services, expansion of pet insurance and healthcare options, and adoption of subscription-based models are the trends that aid in the market’s growth.

Browse in-depth TOC on the “Pet Care Market”

  • Pages – 260
  • Tables – 89
  • Figures – 76

Pet care provides food, water, shelter,

How pet food makers are adapting to new consumer demands

The opportunity for UK food manufacturers in pet food is vast.

Data from Statista shows that as of 2023, as many as 57% of UK households own a pet. This makes the United Kingdom the second largest market for pet food in the world, behind only the US.

The UK dog food market alone is valued at almost £1.6bn, with cat food not far behind at £1.27bn.

As more and more people welcome new puppies and kittens into their homes, there is an increasing notion that a pet is more than just a furry acquaintance. This has, in turn, created

TasFoods enters pet-food category with new Australian brand

TasFoods has marked its entry into the pet-food sector with the Australian launch of the Isle & Sky brand.

The new pet-treats range – produced by TasFoods’ Nichols Poultry business unit – includes three new premium chicken products for cats and dogs – chicken necks, chicken neck bites, and chicken wing tips.

Launceston, Tasmania-based TasFoods has partnered with the country’s specialty pet-products retailer Petbarn to launch the range in over 200 stores.

The company has also signed a distribution arrangement

This stock is catnip for investors

There is a table in Pets at Home‘s (PETS) annual report that sets out just how many board members have pets at home. The majority do, including chief executive Lyssa McGowan. The mini survey reflects well on a company that relies on an animal devotion. Indeed, “gifting and wellness” is now an important driver of sales, according to management, with customers purchasing “special birthday treats” for their furry companions. It’s hard not to feel sceptical, but beneath the fluff there is a strong investment case for the Cheshire-based chain, which is defying the retail gloom and tapping into profitable