Dog days: Industry growth is expected to slow as competition intensifies

Australia has one of the highest rates of pet ownership in the world, with over 60% of Australian households owning a pet. Pets are an integral part of the lives of owners, many of whom consider them family members. As pets become increasingly humanised, households are spending more money on them in the form of premium food, dietary supplements and vitamins, pet accessories and treats. Households are also adopting an increasingly holistic approach to the health and wellbeing of their pets.Despite little growth in the total number of pets over the past five years, owners are spending more on each pet and increasing their expenditure on premium products and services, such as vet-prescription dietary foods, gluten-free snacks and automatic water dispenser units...read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 12-17
2.2%
Forecast Growth 17-22
Profit
Employment
34,000
Businesses
1,630

Industry Report - Industry Key Buyers Chapter

The top four players in the industry account for just over half of industry revenue, indicating a medium market share concentration. The industry spans a variety of different businesses. The largest players are Woolworths and Wesfarmers, which operate major supermarket chains and discount department stores, which provide large, easily accessible locations for both pet food and accessories. The industry is also composed of mid-tier chain stores including Petbarn/City Farmers and PETstock, which make up a further 14.9% of revenue.Beyond these four players, enterprises are mostly small. Other chains include the likes of Pets Domain and Best Friends although they have less than 60 stores combined. Oth...purchase to read more.

Additional Insights for the Pets and Pet Supplies Retailers Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Pets and Pet Supplies Retailers Industry are

  • Proximity to key markets
  • Experienced work force
  • Having a wide and expanding product range
  • IBISWorld analysts also discuss how external factors such as Demand from prepared animal and bird feed manufacturing and Number of households in the Pets and Pet Supplies Retailers industry impact industry performance..

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    What's in this report

    What is the Pets and Pet Supplies Retailers Industry?

    Industry operators are retailers of pets and pet supplies. Products sold include pets, pet food and other pet supplies and accessories. The most common pets sold include dogs, cats and fish. Online pet retailers are not included in the industry.

    Industry Products
  • Pet products and accessories
  • Pet food for dogs and cats
  • Other pet food
  • Animal healthcare products
  • Pets
  • Pet services
  • Industry Activities
  • Retailing processed and unprocessed pet food
  • Retailing durable pet products and accessories
  • Retailing animal healthcare products
  • Retailing pets
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from prepared animal and bird feed manufacturing
  • Number of households
  • Real household discretionary income
  • Demand from online shopping

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Pets and Pet Supplies Retailers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Pets and Pet Supplies Retailers Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Prepared Animal and Bird Feed Manufacturing

  • Products & Services
  • Pet food for dogs and cats
  • Pet products and accessories
  • Animal healthcare products
  • Pet services
  • Pets
  • Other pet food
  • Chart: Pets and Pet Supplies Retailers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Pet owners aged 65 and over
  • Pet owners aged 35-44
  • Pet owners aged 45-54
  • Pet owners aged 55-64
  • Pet owners aged 25-34
  • Pet owners aged 15-24
  • Chart: Major Market Segmentation for the Pets and Pet Supplies Retailers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Pets and Pet Supplies Retailers

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Pets and Pet Supplies Retailers Industry

  • Industry Globalization
    Wesfarmers Limited, Woolworths Ltd, Greencross Limited,
  • Table: Wesfarmers Limited - financial performance
  • Table: Woolworths Ltd - financial performance
  • Table: Greencross Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Pets and Pet Supplies Retailers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Pets and Pet Supplies Retailers Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Humanisation
  • Imbuing pets with human characteristics and thus treating pets in a similar manner to humans.
  • Kibble
  • Coarsely ground meal or grain for animal feed.
  • Point Of Sale (Pos) Systems
  • These systems use customised hardware and software to process items to accurately charge consumers for products.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Pets and Pet Supplies Retailers market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Pets and Pet Supplies Retailers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Pets and Pet Supplies Retailers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Pets and Pet Supplies Retailers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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