Top pet industry companies to invest in

Top pet industry companies to invest in [BBVA]
Top pet industry companies to invest in [BBVA]

The pet care industry, encompassing veterinary pharmaceuticals, diagnostics, product and service distributors, food manufacturers, and various supplies, is poised for significant growth, projected to reach a staggering $350 billion by 2027, as reported by ProShares.

With burgeoning interest, investors are increasingly drawn to the pet care sector. Some notable investment opportunities include:

  1. ProShares Pet Care ETF: An exchange-traded fund managed by ProShare Advisors LLC, focusing on stocks within the pet care retail sectors, spanning toys, healthcare equipment, veterinary services, and more.
  2. IDEXX Laboratories, Inc.: A U.S.-based company specializing in companion animal, veterinary, livestock, and poultry products and services, with a global presence in over 175 countries.
  3. Zoetis Inc.: The world’s largest producer of medicines and vaccines for pets and livestock, operating in approximately 45 countries globally.
  4. Freshpet Inc: A Nasdaq-listed pet food company known for its refrigerated cat and dog food products, experiencing significant revenue growth.
  5. Chewy, Inc.: A leading online retailer of pet food and accessories, acquired by PetSmart for $3.35 billion, with a successful IPO in 2019.
  6. Dechra Pharmaceuticals PLC.: A UK-based company listed on the London Stock Exchange, specializing in veterinary products, including treatments for common pet ailments.
  7. Pets At Home Group Plc: A British retailer offering a wide range of pet supplies, grooming services, and veterinary care across its numerous stores and clinics.
  8. Trupanion: A Seattle-based pet insurance provider, notable for being the first to receive the AAHA Seal of Acceptance in 2008.
  9. Covetrus, Inc.: A Fortune 1,000 company offering animal care products and services, catering to wholesale and retail customers.
  10. Central Garden & Pet Company: A leading manufacturer and distributor of lawn, garden, and pet supplies, with a substantial portion of revenue stemming from pet-related products.
  11. Heska Corporation: Providing comprehensive blood diagnostic solutions and advanced imaging technologies for veterinary clinics and hospitals.
  12. Zooplus AG: An online retailer headquartered in Germany, specializing in pet food and supplies, serving customers across Europe and the UK.

These companies represent diverse opportunities within the thriving pet care industry, offering the potential for substantial returns on investment.

Atif Wattoo
Atif Wattoo
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