According to industry trends and projections, the pet business will continue to boom unabated in the future. While the forecast is healthy across the board, certain segments in the pet industry are seeing a significant amount of growth.
No.1 Natural Pet Products
Natural products, in general, are gaining wide-spread popularity. This is because people have become more conscious about improving and sustaining the health of the planet.
Consumers are also increasingly leery of the potential toxicity of synthetic chemicals and other harmful materials.
In addition to a desire to decrease their pets’ carbon paw prints, pet parents are opting to purchase natural products in an effort to maintain and/or improve the health and well-being of their beloved companion animals.
The American Pet Products Association (APPA) predicts that spending in this arena will increase from $510 billion for 2013 to $620 billion by 2016. The demand for high-end pet grooming services is expected to continue to be particularly brisk.
No.2 High-tech pet training electronic products
Information age and ultimately, a new type of electronic products, pet electronics products are no exception,
The new pet electronics products are:
dog training collar, dog barking collar, dog electronic invisible fence.
Another pet enterprise that is gaining a lot of popularity is the self-serve dog wash. In addition to offering ease and convenience for pet owners, this concept offers many unique retail opportunities.
Upscale and holistic spa services such as “paw-tinctures,” reiki and pet massage
Pet behavioral consulting
Pet portrait photography
To a lesser degree, unique niche services such as yoga for dogs and pet psychic communicators are in-demand industry trends.
In and of themselves, these services are not huge. They do, however, offer great potential as promotional services to increase a pet business’s visibility and ability to attract more store traffic.
No.3 More Hot Pet Industry Trends
Mobile pet grooming. This service involves the use of specially equipped vehicles that travel to pet owners’ homes. It allows groomers the ability to perform a full range of services right outside the customer’s door.
It’s convenient for the customer.
It reduces potential stress on the pets.
It’s perfect for home-bound older people who have companion animals.
On the downside, initial start-up costs for such an enterprise are hefty. Those in a position to make an investment in this are virtually guaranteed high business growth dividends.
No.4 Pet-friendly travel.
This is another high business growth concept that’s being adopted by an increasing number of businesses in the vacation and hospitality industries.
As more and more people regard their pets as beloved family members, they are opting to take them along on vacations.
Moreover, people are more mobile and may have to travel long distances to relocate for jobs, retirement or other purposes.
No.5 Pet health insurance.
Although available in the U.S. for a good 30 years, sales of pet policies have only begun to accelerate in recent times.
This trend is expected to proliferate dramatically and offer the enhanced potential for pet business growth due to a number of factors.
People increasingly regard their pets as beloved family members.
Pets (like people) are living longer, requiring more complex and extended medical care.
Fast Fact: Pet parents spent $13 billion on vet bills in 2010 and, according to the APPA, that increased to $14 billion in 2013.
Although this is an extremely complex business, getting in on it may be a very smart move for those who have the inclination.
Pet Industry Trends of the Future
These are just some examples of products, services, and concepts that offer great potential for business growth. Considering that American pet parents are expected to spend even more on their companion animals in the future, Good industry plus good product is equal to good income,Revenue is waiting for someone who is prepared.
Pet electronics industry accounted for 50% of the entire pet industry,The huge market share of the benefits is obvious.Of course, the pet electronics industry is very much product, dog training collar is essential for each pet equipment, a variety of data show that the pet industry is about to occupy the entire market share.