This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

South East Asia's First International Pet & Accessories Show

SINGAPORE, March 26, 2013 /PRNewswire/ -- The world's pet markets have been enjoying dramatic growth with higher than ever pet ownership and spending. Traditionally, while the United States and United Kingdom have been the leaders of the world pet market, a number of other countries are emerging as global pet forces. Worldwide sales of pet related products and services reached US$81 billion in 2010, despite the global recession.

(Logo: http://www.prnasia.com/sa/2010/04/19/20100419602891.jpg )

The growth of the growing world pet market can be attributed to the humanization of pets as more cultures view companion animals as beloved family members. China's pet industry, for example, took off within the last five years. Brazil is expected to become one of the largest pet food markets by 2014, second only to the United States.  Other vibrant pet market growths are expected from India, Russia, Romania, Morocco, Thailand, South Africa, Indonesia, Slovakia, Venezuela, Mexico, Latin America, Japan and Vietnam. Industry trends suggest that the pet business will continue to boom in the future - from pet food to specialty pet services like grooming, pet sitting, pet friendly travel and more.

Almost 1 in 2 households in the United Kingdom includes a pet. The dog and cat populations in the United Kingdom are estimated to be around 8 million each. In the United States, there are about 77.5 million pet dogs and 93.6 million pet cats. Pet ownership is also increasing in other parts of the world. There is a lot more to the pet industry than dogs and cats. Pet owners today do not limit their connection with animals to dogs or cats alone. A wide range of other animals have found their way into the households and affections of pet lovers. Fish, birds, rabbits and hamsters for instance, have found their way into the households of pet lovers.

Along with the growth of the pet population has been the phenomenal growth of pet superstores, estimated to have grown by 118%. Even in the face of economic downturn, global sales of cat and dog foods continue to grow. The pet product shopper base has continued to migrate into the higher-priced pet specialty channel. The growth of pet products for supermarkets and hypermarkets is estimated at 63%.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs