Aug 11, 2020
U.S. Pet Market Outlook, 2020-2021 focuses on COVID-19 impacts

Along with virtually every other area of the U.S. economy, the pet industry will be battered by the coronavirus pandemic through 2020 and beyond. The U.S. Pet Market Outlook, 2020-2021: Responding to the COVID-19 Impact report has been added to ResearchAndMarkets.com’s offering. This report focuses on the current and expected impact of the coronavirus pandemic across all areas of the market, projecting future retail sales and trends in light of the coronavirus crisis.

The pet industry stands out as famously recession resistant, coming through 9/11 and the Great Recession of 2008 relatively unscathed. Moreover, all four of the pet industry product and service sectors, pet food & treats, non-food pet supplies, veterinary services, and non-medical pet services, come into the crisis on firm footing.

Key Predictions from Report

Sales declines and slowdowns across all market sectors, with non-medical pet services (including boarding/daycare) taking the sharpest hit, and pet food holding up best as a must-have staple with a strong healthcare component.
A further surge in online shopping for pet products, as pet owners flock to the Internet for home delivery or curbside/parking lot pickup from brick-and-mortar pet stores and veterinarians.
A sharp uptick in adoption of and reliance on veterinary telehealth services such as those offered by GuardianVets, PetCoach, and TeleVet.
A private-label surge as cash-strapped pet owners facing months if not years of economic uncertainty, and a demand-driven uptick in store-brand production.
A silver lining of increased dog and cat ownership among households eager for the emotional support and physical comfort pets provide in this stay-at-home era.