Leading pet stores in the U.S. based on market share 2019

PetSmart Inc., the American retail chain, held a 33.7 percent share of the pet store market based on revenue in 2019. The pet store market is highly concentrated in the United States, with the two leading players, PetSmart and PETCO Animal Supplies, accounting for over 48 percent of total market revenue in that year.

PetSmart origins

PetSmart, originally named PetFood Warehouse, was founded in 1986 when two stores were opened in Phoenix, Arizona. The company continued to grow and went public in 1993. In the 2018/19 fiscal year, PetSmart’s revenue reached approximately 5.32 billion U.S. dollars.

PetSmart’s revenue streams

PetSmart brings revenue in from brick-and-mortar stores across the U.S. as well as in Canada and Puerto Rico. PetSmart also offers their customers the option to shop online and have products delivered directly to their doors. In 2017, PetSmart acquired Chewy.com, further extending their online reach. The majority of both cat and dog owners still purchase all of their pet food in-store rather than online. However, with the evolution of the e-commerce market in the U.S., it is likely that more consumers will turn to online channels for pet food purchases in the future.

Market share of the leading pet store companies in the United States in 2019, based on revenue

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Source

Release date

December 2019

Region

United States

Survey time period

2019

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Statistics on "Pet food in the U.S."

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