Senior Pet Care Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2034

Senior pet care is the unique treatment and attention given to pets which are often categorized to be seniors and above seven years of age. The last developmental stage involves physical as well as behavior changes, including arthritis, dental disease, cognitive changes, and reduced exercise tolerance. Senior pet care consists of routine veterinary examinations, proper feeding, medical and health management, and some forms of alteration of life of the animals for proper health and well-being.

This type of care might entail the provision of senior specific pet foods, use of supplements for senior pets, and engaging the pets in exercises that are compatible with the seniors’ physical abilities as well as handling of diseases that are more recurrent among seniors’ pets. The objectives of senior pet care then are to arrest and even the extend the life cycle, or treat or arrest those conditions that are likely to arise out of the geriatric process and keep the pet as happy and comfortable as possible during this last phase of their life.

The senior pet care market is anticipated to reach USD XXX.X million by 2034 from USD XXX.X million in 2023, at a CAGR of XX.X% during the forecast period 2024-2034. The global senior pet care market has witnessed significant growth in past few years, driven by the increasing awareness of the unique needs of aging pets. As pets live longer due to advancements in veterinary care and nutrition, the demand for specialized products and services tailored to senior pets has surged.

Advancements in veterinary care have extended the lifespan of pets, contributing to the growth of the senior pet population. Innovations in diagnostics, treatment options, and preventive care have improved the quality of life for aging pets, leading to increased spending on senior pet care products and services. Moreover, awareness of the health challenges faced by senior pets, such as arthritis, obesity, dental issues, and cognitive decline, has increased. Educational campaigns by veterinary associations and pet care companies have highlighted the importance of early detection and intervention, which is expected to further boost the Senior Pet Care market during the forecast period 2024-2034.

Growth Drivers:

One of the major factor contributing to the growth of the senior pet care market is the rising global pet ownership rate. Approximately 66% of all US households, or some 86.9 million families, owns a pet, according to the 2023-2024 National Pet Owners Survey conducted by the American Pet Products Association (APPA). In the past few years, with advancements in veterinary medicine and the better quality pet foods, many pets are living longer and thus there exist many senior pets. The APPA also reports that 44% of dog owners and 40% of cat owners have at least one senior pet, with senior status translating to 7 years and older for dogs and 11 years and older for cats. This increasing aged population of pets is creating demands for products and services that address the older pet’s changing physical conditions, including altered diets, vitamins, and healthcare services of the pet.

Pet insurance is becoming more popular, especially in the developed markets across the Americas and European continents. According to the North American Pet Health Insurance Association (NAPHIA), the total number of pets insured in the US at year-end 2023 was nearly 5.7 million, a 17% increase over 2022, as more pet owners choose policies that provide coverage for pre-existing conditions in senior pets. This is beneficial for the senior pet care business since people are more inclined to continue to get the pet checked by the veterinarian and to fund consistent medical treatment for the senior pets.

The senior pet care industry has been experiencing growth of innovations due to emergence of various products that fit the needs of old pet animals. These products include senior pet foods where these pets have special nutritional requirements to mobility assistance equipment including Pet ramps and Pet harness. The other significant shift in the senior pet care market is the growing focus on aspects of customization and personalization of products. This trend is creating opportunities for innovative pet care solutions, which is a growing market among consumers that wish to offer their aging pets the best care.

Senior Pet Care Segmentation:

By Pet Type:

·         Dogs

·         Cats

·         Fish

·         Birds

·         Others

By Product Type:

·         Pet Food

o   Dry Food

o   Wet/Canned Food

o   Nutritional Supplements

o   Treats & Snacks

o   Others

·         Pet Products

o   Pet Grooming Products

o   Pet Litter

o   Mobility Aids

o   Fashion Products

o   Toys & Accessories

o   Others

By Service Type:

·         Veterinary Care

·         Grooming Services

·         End-of-Life Services

·         Wellness Programs

·         Others

By Distribution Channel:

·         Offline Stores

·         Online Stores

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Senior Pet Care Market by Pet Type Review:

Based on the pet type, the senior pet care market is segmented into five segments including dogs, cats, fish, birds, and others. On the basis of pet type, the dogs segment is expected to dominate the market in terms of market share, while the cats segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.

Senior Pet Care Market by Product Type Review:

Based on the product type, the market is segmented into pet food, which is further sub-segmented into dry food, wet/canned food, nutritional supplements, treats & snacks, and others, and pet products, which is further sub-segmented into pet grooming products, pet litter, mobility aids, fashion products, toys & accessories, and others. On the basis of product type, the pet food segment is expected to be the largest in terms of market share, while the pet products segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.

Senior Pet Care Market by Service Type Review:

Based on the service type, the market is segmented into veterinary care, grooming services, end-of-life services, wellness programs, and others. On the basis of service type, the veterinary care segment is expected to be the largest in terms of market share, while the wellness program segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.

Senior Pet Care Market by Distribution Channel Review:

Based on the distribution channel, the market is segmented into offline stores, and online stores. On the basis of distribution channel, the offline stores segment is expected to be the largest in terms of market share, while the online stores segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.

Regional Outlook:

The senior pet care market research report offers detailed analysis and forecasts for five major regions i.e., North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

The North America region is forecasted to maintain its dominant position in the global senior pet care market, accounting for a projected market share of XX.X% in 2023. The regional senior pet care market is mainly driven by the by a combination of high pet ownership rates, advanced veterinary care infrastructure, and a strong consumer focus on pet health and wellness. The trend of treating pets as family members is particularly strong in North America. Pet owners are increasingly willing to invest in premium products and services that enhance the quality of life for their aging pets. This trend has led to a surge in demand for high-quality senior pet food, dietary supplements, and advanced veterinary care, including preventive care and treatment for age-related conditions, which is predicted to further drive the senior pet care market in the region during the forecast period 2024-2034.

North America, particularly the United States and Canada, represents the largest and most mature market for senior pet care globally. The region’s strong pet ownership culture, combined with high disposable incomes, advanced veterinary infrastructure, and a deep-rooted trend of pet humanization, has positioned North America as a key driver of growth in the global senior pet care market.

The strong economy in North America supports the growth of the Senior Pet Care Market. High disposable incomes allow pet owners to spend more on their pets, including on premium and specialized care products. For instance, according to the American Pet Products Association (APPA), the total US pet industry expenditures was USD 147.0 billion. Moreover, the North American market is characterized by a wide availability of specialized products designed specifically for senior pets. Major players, such as Mars, Inc., Nestlé Purina, and Hill's Pet Nutrition, Inc., have developed senior-specific lines of pet food, supplements, and healthcare products. This availability, coupled with strong consumer demand, is expected to further drive the market growth in the region during the forecast period 2024-2034.

The Asia-Pacific region is the fastest growing market in senior pet care and it is mainly attributable to high prevalence of pet ownership, increasing income per capita, and improved sensitivity towards pet health. Major markets in the region are the Japan, Australia, China, and India among others; Japan and Australia being the most developed markets. Besides, there is growing demand for pet products across the globe especially within the emerging economies of China and Indian middle-class population and the spending on pet care products hence for the seniors also is increasing. Additionally, the awareness level of pet owners in Asia-Pacific about the requirement of elder pets is increasing, as a result, the requirement of elder care products and services is expected to have positive impact on market growth during the forecast period 2024-2034.

Key Companies in Senior Pet Care Market:

The research report offers a competitive analysis of prominent companies operating in the global senior pet care market. Some of the leading players profiled in the market research report include:

·         Blue Buffalo Company, Ltd. (General Mills, Inc.)

·         Mars, Incorporated

·         Nestlé Purina

·         Hill's Pet Nutrition, Inc.

·         Petmate

·         The Hartz Mountain Corporation

·         Tail Blazers

·        heristo a

·         WellPet Vets 

·         Wellness Pet, LLC 

·         SCHELL & KAMPETER, INC.

·         Other Player’s