Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 587.68 Million | USD 2,508.87 Million | 17.50% | 2023 |
The global pet wellness apps market size was worth around USD 587.68 million in 2023 and is predicted to grow to around USD 2,508.87 million by 2032 with a compound annual growth rate (CAGR) of roughly 17.50% between 2024 and 2032.
Exercise, mental stimulation, healthy food, medical care, and preventive care are all components of pet wellbeing. It also includes a pet's complete behavioral, mental, and physical wellness. It aims to provide pet welfare in all its forms to maintain a high level of living for animals.
A holistic approach is highly valued in pet wellness to guarantee that animals lead happy, healthy, and meaningful lives. Pet wellness apps, on the other hand, are online or mobile applications designed to help pet owners monitor, control, and improve the overall health and well-being of their animals. Numerous features, such as meal planning, medication reminders, health tracking, and more, are usually included in these apps.
Increased pet ownership likely to drive market growth during projected period
The rise in pet ownership across the globe, especially during the pandemic, has led to a greater need for pet care goods. The use of pet wellness apps is growing as more households look for ways to monitor their animals' health and treat their pets like members of the family. The largest percentage of pet owners, 33% of Millennials, were found to be pet owners in the APPA study in 2023 and 2024. Pet owners were divided into three generations: Baby Boomers (24%), Gen X (25%), and Gen Z (16%). In a similar spirit, the Pew Research Center reports that Americans who reside in rural areas are more likely than those who do not own a pet (71%). Thus, the aforementioned statistics are expected to drive the pet wellness apps market during the projected period.
Limited awareness and high costs hinder market growth
There is still a lack of knowledge regarding pet wellness applications in many developing nations. Spending on pet care in these areas is typically concentrated on necessities rather than cutting-edge digital solutions, which restricts market penetration. Furthermore, it can be expensive to create and maintain cutting-edge pet wellness apps with capabilities like AI and real-time data tracking.Since subscription fees are sometimes used to cover these costs, some pet owners may be discouraged, particularly in markets where prices are crucial. Thus, this is expected to hamper the pet wellness apps industry over the forecast period.
Rising spending on pet care offers a lucrative opportunity for market growth
There is a growing demand for upscale wellness treatments because of the rise in pet care spending worldwide, particularly in North America and Europe. Pet owners are ready to pay money for apps that offer personalized guidance and comprehensive health insights. As per the APPA, Americans spent $136.8 billion on pets in 2022, an increase from $123.6 billion in 2021. The Pet Purchasing Association (APPA) projects that pet expenses will increase yearly and reach $143.6 billion by 2023. Therefore, the rising spending on pet care is expected to offer a potential opportunity for the pet wellness apps industry during the study period.
Security issue and lack of standardization poses a major challenge to market expansion
The security of pet health data gathered by wellness applications is a worry, just like it is with any digital health service. Users' skepticism might be stoked by data breaches or improper treatment of private information, which would hinder adoption. Furthermore, the lack of a uniform regulatory framework for pet health applications might result in a wide range of dependability and quality issues. Customers' trust in the market may be damaged by certain apps' false information or lack of appropriate veterinarian support. This poses a major challenge to market expansion.
The global pet wellness apps industry is segmented based on type, application, and region.
Based on the type, the global pet wellness apps market is segmented into cloud-based and on-premises. The cloud-based segment is expected to grow at the highest CAGR over the forecast period. Pet health apps may grow with ease due to cloud-based solutions, which eliminate the need for expensive infrastructure to support an increasing user base. The ability to scale increases app developers' user base and generates income from in-app purchases and subscriptions.
Furthermore, cloud computing allows for real-time data syncing between devices, giving veterinarians and pet owners access to the most recent activity and health records from any location. This improves the functioning of the software, enhancing the user experience and promoting consistent use, which raises frequent revenue from subscriptions. Thus, propelling the segment expansion.
Based on the application, the global pet wellness apps industry is bifurcated into veterinary clinics, pet owners, animal shelters, pet boarding and daycare centers, pet grooming services, and pet retail stores. The pet owners segment is expected to hold a significant market share over the projected period. Pet humanization is the concept that animals belong to the family and are owned by people nowadays.
As a result, more money is being spent on the health and well-being of pets, including wellness applications that offer comprehensive health tracking, dietary guidelines, and care advice. Apart from that, pet owners are starting to take a more proactive approach to their pets' preventive treatment. Pet owners looking to avert health problems before they arise find wellness apps with features like vaccine reminders, food monitoring, and scheduling veterinarian appointments particularly appealing. This describes the segment expansion during the analysis period.
Report Attributes | Report Details |
---|---|
Report Name | Pet Wellness Apps Market |
Market Size in 2023 | USD 587.68 Million |
Market Forecast in 2032 | USD 2,508.87 Million |
Growth Rate | CAGR of 17.50% |
Number of Pages | 216 |
Key Companies Covered | 11 PETS, Intervet, A Place for Rover, Petamiko, BarkHappy, Dogo App, Whistle, Urban Tailz, DogLog, Catbuddy, Petfetch, iKibble, and others. |
Segments Covered | By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America leads the market over the projected period
North America is expected to lead the global pet wellness apps market growth during the forecast period. There are a lot of pet owners in North America; polls show that around 70% of American households have a pet. Due to this, there is a sizable market for pet health apps, particularly among younger, tech-savvy pet owners who are looking for online pet care management solutions.
Furthermore, North American consumers' purchasing decisions are still influenced by the pet humanization movement, which treats animals as members of the family. A growing number of pet owners are spending money on high-end services for their animals, such as virtual consultations, individualized care plans, and sophisticated health monitoring—all of which are included in wellness applications.
Nevertheless, the Asia Pacific is expected to grow at a rapid rate in the pet wellness apps industry during the projected period. The regional expansion of the market is attributed to the increasing disposable income, especially in nations like India and China. As per secondary analysis, in 2023–2024, it is anticipated that India's per capita disposable income will be ?2.14 lakh. Changes in gross and net national disposable income were revealed by the government's correction of the GDP statistics. In FY24, per capita disposable income increased by 8%, compared to 13.3% in FY23. Thus, the aforementioned stats will drive the market in the Asia Pacific area.
The global pet wellness apps market is dominated by players like:
By Type
By Application
FrequentlyAsked Questions
Exercise, mental stimulation, healthy food, medical care, and preventive care are all components of pet wellbeing. It also includes a pet's complete behavioral, mental, and physical wellness. It aims to provide pet welfare in all its forms to maintain a high level of living for animals. A holistic approach is highly valued in pet wellness to guarantee that animals lead happy, healthy, and meaningful lives. Pet wellness apps, on the other hand, are online or mobile applications designed to help pet owners monitor, control, and improve the overall health and well-being of their animals. Numerous features, such as meal planning, medication reminders, health tracking, and more, are usually included in these apps.
The pet wellness apps market is driven by factors such as rising pet ownership, increasing awareness, and growing pet healthcare spending. Furthermore, the growing number of startups with innovative solutions drives market growth.
According to the report, the global pet wellness apps market size was worth around USD 587.68 million in 2023 and is predicted to grow to around USD 2,508.87 million by 2032.
The global pet wellness apps market is expected to grow at a CAGR of 17.50% during the forecast period.
The global pet wellness apps market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the presence of major players and rising pet care spending.
The global pet wellness apps market is dominated by players like 11 PETS, Intervet, A Place for Rover, Petamiko, BarkHappy, Dogo App, Whistle, Urban Tailz, DogLog, Catbuddy, Petfetch and iKibble, among others.
The pet wellness apps market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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