The relationship dynamics between humans and their pets have changed in recent years. The 2021 Radar Pet survey found that 311% of dog owners consider their pet to be their own child.

This new dynamic opens up growth opportunities for pet retailers. In a highly fragmented market, with over 50% of market share held by smaller pet shops and regional veterinary clinics, large companies are advancing in the fight to dominate the sector.

Check out the trends in this sector and some of the major closed transactions.