Pet products is set to maintain solid current value growth in the forecast period, with increases expected for all categories. The crossover between pet dietary supplements and treats reflects a broader shift in pet healthcare towards a more preventive approach.
During times of economic uncertainty, sales of other pet products, such as toys and accessories, often face significant challenges, as pet owners prioritise spending on essential items over non-necessities. With tightening budgets, owners are more likely to cut back on discretionary spending, including purchases of pet toys and accessories, while prioritising spending on quality pet food, necessary to maintain their pet’s health and wellbeing.
The relaxation of regulations on cat ownership in Singapore, which is expected to occur towards the end of 2024, is anticipated to contribute to a surge in sales of cat litter, as more individuals will be able to keep cats in their homes without encountering legal barriers. This will lead to an increase in demand for cat litter, driven by the growing population of cat owners seeking convenient and effective solutions for managing their pet’s waste.
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Understand the latest market trends and future growth opportunities for the Pet Products industry in Singapore with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Pet Products industry in Singapore, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Pet Products
This is the aggregation of cat litter, healthcare, dietary supplements and other pet products.
See All of Our DefinitionsThis report originates from Passport, our Pet Products research and analysis database.
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