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Here is a fast have a look at some main publications that lately cited MarketResearch.com and our analysis divisions The Freedonia Group and Packaged Information.
The pet trade grew by 14% to 123 billion in 2021, and is anticipated to be recession-resistant, in keeping with Packaged Information, a division of MarketResearch.com.
In 2020, electrical mowers, leaf blowers and different gear accounted for 17 % of the market in america, in keeping with The Freedonia Group, a division of MarketResearch.com.
Market analysis agency Packaged Information estimates that the net channel accounted for 36% of the pet meals and provides market final 12 months, a share that’s anticipated to go as much as 54% by 2025.
Nick Cunningham, an analyst with The Freedonia Group, stated that limiting the extent of the worth hikes following the administration’s choice to ban Russian vitality imports, “might be tough to evaluate.”
David Sprinkle, analyst at Packaged Information, speculates the trigger behind this present wave of pet trade startups is two-fold.
Based on a forecast from MarketResearch.com, the non-public 5G community market will develop at a mean fee of 40 % a 12 months between 2021 and 2028, by which period will probably be value $14 billion.
Germany has the biggest logistics market in Europe — larger than France and Britain mixed, with the trade in Germany anticipated to develop at a compound annual development fee (CAGR) of greater than 2% as much as 2025, primarily based on a MarketResearch.com examine.
The variety of pet homeowners who’re buying flea and tick preventives and different veterinary drugs on-line is rising: 18 % of pet drugs had been offered on-line in 2021, and that quantity is projected to leap to 30 % by 2026, in keeping with a 2022 report by the market analysis agency Packaged Information.
Curiosity in reptiles as pets has grown over the past decade, with 85 % of “different” pet homeowners (together with reptiles) saying their pet is part of the household, in keeping with Packaged Information February/March 2020 survey.
Non-public safety is anticipated to develop to an $81 billion trade by 2023, and that’s simply in america, in keeping with The Freedonia Group.