As COVID-19 has shown a variation in sales of pet care products and adoption of services, market players are turning to digital solutions to respond to changing needs.

DUBAI, UAE / ACCESSWIRE / June 23, 2020 / In recent times, the pet care market has been experiencing significant growth, as the new generation of consumers – millennial and Gen Z – has started to embrace the pet-loving and pet-owning lifestyles to a greater extent than their elders. A shift in preference for pet foods from their traditional options and the advent of online purchasing are contributing to rapid expansion of the pet care market.

While the coronavirus outbreak has taken a toll on the best-laid plans of businesses across a wide spectrum of industries, it has created both unprecedented challenges and opportunities for the pet care market players. Pre-COVID-19 forecast of the pet care market pegged at 5%-6% growth in 2020, which is estimated to suffer a drop of 2.5%-3%, according to a study by Future Market Insights.

"An opportunity emerged for pet care brands offering essential products through online channels, amid the stay-at-home orders and social distancing requirements triggered by the COVID-19. However, key companies active in the production of kennels, dog walkers, and groomers are facing significant challenges, due to the lack of ‘essential' status," says the FMI analyst.

For more insights into the Market, request a sample of this report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-45

Key Takeaways of Pet Care Market Study

The pet care market is expected to recover by the first quarter of 2021, owing to steady sales of pet foods.
Sales of pet foods, particularly dog food and cat food, will continue to account for a higher share of manufacturers' bottom lines as compared to other pet care products.
While pet shops and supermarkets remain key sales channels for the pet care market, key players are targeted towards capitalizing on online channels for a distinct competitive edge.
North America will continue to maintain its lead in the global market, as millennials across the region are increasingly blurring the line between human child and pets.

Pet Care Market – Key Growth Drivers

An increasing rate of pet adoption and big brands cashing in on humanization of pets remain key growth drivers.
Increasing demand for more gourmet options over traditional pet foods will drive the frequency of innovations in the marketplace.
Affluent millennial pet owners, willing to spend on organic pet foods and luxury pet hotel experience, will open up new avenues of market revenue growth.
Emergence of pets as an integral part of the family, especially in developing countries with high spending power of consumers is expected to play an instrumental role in the market growth.

Pet Care Market – Key Restraints

Despite millennial filling up the gap left by aging baby boomers, the pet ownership worldwide is still facing a slow growth rate which poses as a significant challenge for market players.
Mass market of pet care products through e-commerce, making most brands available at lower prices, has led to penetration of new players which represent a potential threat to incumbent companies.

Impact of COVID-19 on Pet Care Market

Panic buying and stockpiling practices during the initial phase of COVID-19 have rapidly emptied the shelves of pet care products, which prevented a sharp decline in the market revenue. However, a large number of pet care services that are not deemed ‘essential' came to standstill, due to the domino effect of nationwide lockdown. Additionally, supply shortages of premium products have prompted consumers to turn to cheaper brands, which is highly likely to affect the brand loyalty following the COVID-19 crisis.

For information on the research approach used in the report, request methodology@ https://www.futuremarketinsights.com/askus/rep-gb-45

Competition Analysis

Key players operating in the pet care market include Nestle Purina, Mars Inc., Merck & Co., Zoetis, Ancol Pet Products, PetSmart, Inc., Blue Buffalo Pet Products, Petmate Holdings Co., Champion Pet Foods, Petco Animal Supplies, Inc., and Heristo AG.

As the COVID-19 takes a bite out of the pet care market, service providers are struggling with low demand and turning to digital solutions to maintain their business continuity. This factor played an important role in Mars Petcare's decision to launch ‘Pet Health Pal', a free digital education tool powered by WhatsApp and Facebook Messenger chat bot functionality, in partnership with Waltham Petcare Science Institute.

More About the Report

The FMI's market research report provides comprehensive insights on the pet care market. The market is analyzed on the basis of

Explore Extensive Coverage of FMI on Retail & Consumer Products Industry

Pet Insurance Market: Find in-depth insights on the pet insurance market for the forecast period (2019-2029). The study includes important analysis on growth drivers, challenges, opportunities, and revenue sources of key market players.

Pet Food Processing Market: Get a 360 degree perspective on the pet food processing market with comprehensive insights on key market players, regional market forecast, growth-driving factors, and restraints for the course of 10 years (2020-2030).

Grain-free Pet Food Market: FMI's study on the grain-free pet food market covers in-depth insights, segment-wide analysis, manufacturers' growth strategies, and market statistics for a 10-year forecast period.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

Contact:

Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Market Report: https://www.futuremarketinsights.com/reports/southeast-asia-pet-care-market
Press Release Source: https://www.futuremarketinsights.com/press-release/southeast-asia-pet-care-market

SOURCE: Future Market Insights

ReleaseID: 594921

New AR Technology Allows Users to Experience Bollé Phantom lenses on their Smartphone and Purchase From a Participating Retailer.

LYON, FRANCE / ACCESSWIRE / June 23, 2020 / Bollé, maker of the most innovative lenses in the world is forever changing the way people try and buy sunglasses. With the introduction of an exclusive Augmented Reality Sunglass experience, shoppers can now try-out Bollé's flagship Phantom lens technology without ever having to physically touch the glasses.

Click here to view the full multimedia, interactive news release.

Key Takeaways

Bollé unveils hyper-realistic augmented reality experience that will change the way people shop for sunglasses
Purchasing sunglasses can easily be done anywhere with a revolutionary new "try on" and "try out feature that allows users to experience Bollé Phantom lens technology without having to visit a store.
In the Post COVID world, this new A/R innovation forever changes how sunglasses are tried on and purchased.

About Bollé

Bollé is leader in sport and lifestyle sunglasses, cycling helmets, ski goggles, and ski helmets. For more information, visit bolle.com. Bollé is part of Bollé Brands™, which encompasses the brands Bollé, Bollé Safety, Cébé, Serengeti, Spy and H2Optics. Thanks to the complementary know-hows and innovative technologies developed by the six brands in their respective fields of activities, Bollé Brands' expertise covers a large spectrum of products that meet the highest requirements in terms of protection, performance, innovation and style.

About QReal

QReal, a subsidiary of The Glimpse Group, lifts brands into the real world. QReal, formerly Kabaq.io – established its beachhead within the AR industry by creating the most lifelike models of cuisine. For years QReal perfected their modeling process to present digital dishes that look completely real, are platform agnostic, and optimized for AR. The team knew the same process would work for a whole myriad of brands and items – and thus QReal was born. Now QReal works in many different verticals, including fashion, luxury, automotive, and more.

About M7 Innovations

M7 Innovations is an NYC-based creative firm that works with brands and executive teams to conceptualize, create, and execute on solutions that leverage Artificial Intelligence (AI), Voice Technology, Augmented Reality (AR), and Virtual Reality (VR). Founded in 2019 by Matt Maher, M7 partners with other tech visionaries and leaders in this space to create unique customer experiences that drive meaningful engagement – from retail and transportation, to lifestyle and fashion.

Contact:

Mark Tedeschi
mark@truenorthpr.com
508-320-1101

SOURCE: Bolle

ReleaseID: 594763

DALLAS TX and LONDON, UK / ACCESSWIRE / June 23, 2020 / Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, today announced a technology partnership with Visma to help companies simplify and accelerate financial close processes. As part of this partnership, Trintech has created a pre-built, Visma.net-certified connector for its Adra Balancer and Adra Matcher solutions, allowing companies to reduce the cost and time associated with data integration between the solutions.

Trintech's pre-built, Visma.net-certified connector automatically retrieves the data required in the reconciliation and close process, removing the manual processing requirements, and reducing the dependency on internal IT organizations. The connector leverages the Visma.net APIs to obtain open accounts, limits the request to specific accounts, and retrieves GL balance or transactions for integration with Adra Balancer. With this integration, organizations will remove ongoing support and custom code costs – increasing the organizations' ROI.

"With this partnership, businesses leveraging Visma.net can seamlessly integrate with Adra Balancer and Matcher to reduce the cost, time and risk of data integration between the two solutions," said Lars Owe Nyland, Managing Director, Europe at Trintech. "Together, we can help finance and accounting teams achieve shorter close cycles and better controls, enabling them to focus their time and effort on driving the strategic directions of their organizations."

Trintech's pre-built, Visma.net-certified connector is currently available for Adra Balancer, with availability for Adra Matcher to follow shortly. Businesses interested in the Adra Suite or Visma.net solution can request more information at www.trintech.com/adra/schedule-a-demo.

About Adra by Trintech

Deployed by over 1,800 companies across the globe, the Adra Suite provides cloud-based, financial close and reconciliation solutions for companies looking to quickly increase the efficiency, control and visibility for all key areas of the financial close process including: balance sheet reconciliations (Adra Balancer), transaction matching (Adra Matcher), financial task management and controls (Adra Task Manager), and reporting (Adra Analytics).

About Trintech

Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech's portfolio of financial solutions, including Cadency® Platform, Adra® Suite, and targeted tools, ReconNET™, T-Recs®, and UPCS®, help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company's cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:

Adrienne Kim
Vested
617-898-8155
trintech@fullyvested.com

SOURCE: Trintech Inc.

ReleaseID: 594752

CHICAGO, IL / ACCESSWIRE / June 23, 2020 / Physician Growth Partners ("PGP") is pleased to announce the acquisition of Arizona Eye Institute & Cosmetic Laser Center ("Arizona Eye"), a leading ophthalmology group based in the Northwest Phoenix market, by EyeCare Partners. Arizona Eye is led by Dr. Emilio Justo, along with four associates across three locations and a surgery center.

This strategic acquisition bolsters the footprint for EyeCare Partners across the broader Phoenix market.

Physician Growth Partners served as the exclusive transaction advisor to Arizona Eye in its evaluation, negotiation, and execution of this transaction.

Dr. Emilio Justo of Arizona Eye Institute & Cosmetic Laser Center noted, "My experience with Physician Growth Partners (PGP) was extraordinary. I consider PGP a highly experienced, efficient and communicative organization that has far exceeded my original expectations. The dedication and long hours spent with Michael Kroin and his associates, Thomas Mumford and Jay Farkas, has really left me with a feeling of awe. Never having gone thru such a practice transition, I could never have done it alone without PGP's broad knowledge and assistance. I am now looking ahead at the future partnership with EyeCare. The future of Arizona Eye Institute looks incredible, and I have both Physician Growth Partners as well as EyeCare Partners to thank for this!"

"Every transaction process has unique challenges and key issues that must be overcome to get across the finish line. However, completing a transaction with the backdrop of the COVID-19 pandemic was unprecedented. We leaned on our deep experience within ophthalmology alongside our broader experience completing physician-oriented transactions with private equity groups which enabled us to secure an outsized outcome for Arizona Eye. We're excited about the growth opportunities that will become available to Arizona Eye under the Eyecare Partners umbrella," noted Michael Kroin, Managing Partner at Physician Growth Partners.

About Physician Growth Partners

Physician Growth Partners is a boutique healthcare service platform dedicated to advising physician practices in transactions with private equity. PGP creates value by providing operational support, strategic positioning, and transaction advisory, ultimately realizing an optimal outcome for their clients.

About EyeCare Partners

Based in St. Louis, Missouri, EyeCare Partners currently offers comprehensive medical eye care services throughout Alabama, Arizona, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Michigan, Minnesota, Missouri, New Jersey, North Carolina, and Ohio. The doctors of ECP serve the vision care needs of hundreds of thousands of patients annually.

For more information about Physician Growth Partners, contact the company here:

Physician Growth Partners
Michael Kroin
630 – 299 – 6260
Mkroin@physiciangrowthpartners.com
222 W Ontario St #315, Chicago, IL 60654

SOURCE: Physician Growth Partners

ReleaseID: 594960

NEW YORK, NY / ACCESSWIRE / June 23, 2020 / To say we were blindsided by the events of March 2020 and the months that followed would be an understatement. Yet, despite the confusion, economic hardship, and fear, mindset coach and motivational speaker Pam Christian says that society is on track to prevail. How, you ask? We will prevail, Pam says, "because an unrelenting pursuit of survival is inherently human; the pandemic will force us to adapt – as humans have done since the dawn of time – and better ourselves in ways that no one would even fathom".

For some, the pandemic ushered a welcome break from the grind, quality time with family and the ability to work from home. For others, the ensuing spike in unemployment and catastrophic economic fallout stoked an unwelcome, deep sense of fear and uncertainty. Many Americans wondered how they would pay their bills or feed their children. But no matter how the pandemic effected you, Pam says, the "world of tomorrow will pose new and unknown challenges, making adaptation a requisite skill for survival. Many facets of our lives will not be the same for the foreseeable future, including gatherings, graduations, public parks and hiking trails, beaches, museums, restaurants, stores and so much more".

But Pam points out that each of us has the power to determine how the "reopening of the world" goes – and it is up to us as a society to ensure that it goes as well as possible. Just as we have relied on our collective resiliency, adaptability, support, commitment, compassion, inclusivity, power, sense of connection, humility, love, tenacity and courage to get through the pandemic, we have to draw on these qualities to redefine our future. This isn't to say that the pandemic revealed our best selves. We certainly saw the downside of humanity as well – with fear, anger, negativity, skepticism, and sadness popping up. But today, Pam says, "we must choose to focus on the good – and the possibilities that such good can engender"

"Keeping an open mind and leaning in is the way to optimize your post-quarantine life", Pam says, and successfully doing that starts with the following tips and tools.

1. Mindset is everything: Are your thoughts building you up or breaking you down? Pay attention to your inner dialogue, notice when your inner saboteur appears and let that go so the leader within can appear. Affirmations are a great way to encourage this shift.

2. Where attention goes, energy flows: What are you focused on? More to the point, what are you attracting? If you like what is appearing in your life, keep going. If not, take a step back and reassess. For example, if you focus on what you don't have – the relationship you so badly want, the job you can't seem to get, etc. – you will get more of that. If you focus on all the good (no matter how big or small) in your life, you will get more of that!

3. Health matters: How we feel is critical to our overall well-being. Take care of your physical health but also be sure to nourish your mind and spirit. Each of these three components brings equal weight to bear on your wellness and success.

4. Move: Energy is everything, and movement is one way to get it out of stagnation and into a flow state! When you lead a sedentary life, you are not giving your body the chance to cultivate the energetic flow that will create a higher vibration. It doesn't take much – a walk, light stretching, beginner's yoga, weight lifting – just get started!

5. Go inward: Get to know yourself – what you like, what you don't like, what you want to release, what you want to add and so on. This allows you to clear the energy and really focus on what works for you (and what doesn't), which allows you to become more centered and grounded in who you truly are and what you truly want from life! If you spend all of your time partying, shopping, watching Netflix and overeating, you are just distracting yourself, and it will definitely come back to bite you at some point. So do the introspective work now, and start living your most authentic life.

6. Believe the universe is conspiring in your favor: If you question everything that happens in your life (whether it is good or bad), you are questioning your journey. When you trust that there is something bigger out there guiding you, you can confidently walk your path with the knowledge that the universe is looking out for you. Have faith!

7. Practice self-care and self-love: It begins and ends with taking care of yourself and loving yourself. Without that, nothing else matters. We have been taught it's better to focus on what's wrong with ourselves rather than what's right. But when we do that, we can't love ourselves. Change that pattern by mindfully doing things you enjoy. When you do, you will experience an altered state – a happier state. That happier state allows you to start loving yourself, it helps you to focus on what's right and it encourages you to embrace your authentic self.

8. Pace yourself: The journey is yours, so stay on your path and keep your own pace. Don't worry about where anyone else is on his path. Did your best friend get ahead of the curve and buy when the stock market was down only to triple his investment? Did that guy from your fraternity launch a successful YouTube channel advocating for social justice? Good for them! None of that means you aren't doing exactly what you are meant to do. Don't succumb to societal pressures that suggest you are "less than" when you don't follow them. You are right where you need to be.

Regardless of where you are in the reintegration process or in life in general, these tips, Pam says, exemplify the same adjust-and-pivot mentality that allows people to succeed in challenging situations. Each one invites you to reevaluate what you may have taken for granted and emerge from the process a stronger, more authentic person. Take them all on as a challenge, or break them down into bite-size pieces and tackle two or three at a time. Even just one step, Pam says, can be the beginning of something bigger. So take a leap of faith, be consistent, have patience, and watch as something even better unfolds in front of your eyes!

To visit Pam Christian's official instagram, click here.

CONTACT:

Paula Henderson
202-539-7664
phendersonnews@gmail.com

About VIP Media Group:

VIP Media Group is a hybrid PR agency. Their diverse client base includes top-class entrepreneurs, public figures, influencers, and celebrities.

SOURCE: VIP Media Group

ReleaseID: 594913

LOS ANGELES, CA / ACCESSWIRE / June 23, 2020 / Compare-autoinsurance.org (https://compare-autoinsurance.org/) announces a new blog post, "How Senior Drivers Can Protect Their Car Insurance Rates from Rising?", that presents several important tips that will senior drivers keep car insurance costs under control.

For more info and free car insurance quotes, visit https://compare-autoinsurance.org/how-senior-drivers-can-protect-their-car-insurance-rates-from-rising

Sooner or later, senior drivers will have to deal with a major increase in their car insurance costs. Even if they have perfect driving records with zero accidents and traffic tickets, their insurance rates will still increase. Some might feel that their insurers are discriminating because of their age, but insurance companies are legally allowed to charge any premium they want based on the driving record and age.

Senior drivers can save money on insurance if they follow the next methods:

Change the driving status. Retired senior drivers are recommended to change their driving status to pleasure or leisure. The new status will cover the senior driver's daily routines that are not work-related. By doing so, the insurers will see the senior drivers as lower-risk and will charge less on their premiums
Graduate a defensive driving course. Many states mandate that senior drivers be given discounts for taking approved driving courses. These courses take only a few hours and can be taken in an afternoon or a weekend. These courses will help drivers refresh their driving skills and knowledge.
Join a UBI program. Senior drivers can save as much as 40% by joining a usage-based insurance program. A device will be installed in their vehicles in order to record the mileage and various driving habits like speed, braking tendencies, and acceleration.
Drop a driver from the policy. In states that don't require all licensed drivers in a household to have car insurance, senior drivers can exclude anyone who no longer drives from their policies in order to save money on car insurance. Usually, excluded persons are older spouses or parents.
Make the car safer. Another great method for saving money on insurance is to install approved safety devices. Seniors can pay less on insurance if they install devices like rearview cameras, collision warning systems, and parking assist.
Compare quotes. Seniors should shop around and compare different car insurance quotes. Insurance companies have different premiums for different groups of people. Using a brokerage website to compare multiple insurance quotes is the ideal method that will help seniors find better insurance deals.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

"Car insurance companies are allowed to increase the senior's premiums based on their age. Fortunately, many methods can help them lower the insurance costs", said Russell Rabichev, Marketing Director of Internet Marketing Company.

CONTACT:

Company Name: Internet Marketing Company
Person for contact: Gurgu C
Phone Number: (818) 359-3898
Email: cgurgu@internetmarketingcompany.biz
Website: https://compare-autoinsurance.org/

SOURCE: Internet Marketing Company

ReleaseID: 594897

OTTOWA, ON / ACCESSWIRE / June 23, 2020 / SmartCone Technologies, Inc. has created the world's first Telecom grade mobile industrial backplane for Industrial Internet of Thangs (IIoT) system integrators. Unlike other IIoT systems, SmartCone's backplane is modular and scalable. Large organizations are looking for a robust single IIoT technology that can span multiple use cases to increase safety, streamline operations and drive profitability, which is critical in the post-COVID-19 economy.

The new IIot backplane enables large system integrators to deliver data rich industrial solutions to the largest companies in the world. The backplane is part of SmartCone's Click-IoT architecture which provides a single system to address multiple use cases at the same time without having individual power supplies and ethernet ports. The backplane also comes with options like LTE, Private LTE, Sub-1Ghz and more. SmartCone has most recently proven the capability of their IIoT system by creating the Next Generation Freight Tracking System for one of the world's largest logistics companies.

When paired with SmartCone's industrial power supply module, it ensures complex sensor system can run with ease, all receiving the proper power needed to run smoothly. Containing Ethernet, USB and Power capabilities, the Backplane allows adding quickly new devices to our Click-IoT stack while allowing for easy communication between devices and power management. This robust, industrial grade system also provides mechanical support and mounting for many of our custom electronics, ensuring that the whole system is resistant to shock and vibration, with custom mounting points and stand-offs to keep boards cool and safely attached.

About SmartCone

SmartCone Technologies Inc. (SCTI) is a unique data sensory company that commercializes new Internet-of-Things (IoT) technologies powering a wide array of sensors, edge computing, sensor fusion and artificial intelligence (AI). TheSmartCone™ solutions have been used most recently in "Return to Work" solutions during the COVID-19 pandemic, as well as securing dangerous work sites, controlling bicycle lane traffic, managing vehicle fleets, smart warehouses, crowd control, and more. Visit us at www.thesmartcone.com

For more information, please contact Tenille Houston at 613-617-7467 or tenille@thesmartcone.com.

Contact:

Tenille Houston ,COO
Phone: 613 617 7467
Email: tenille@thesmartcone.com

SOURCE: SmartCone Technologies, Inc.

ReleaseID: 594851

As COVID-19 has shown a variation in sales of pet care products and adoption of services, market players are turning to digital solutions to respond to changing needs.

DUBAI, UAE / ACCESSWIRE / June 23, 2020 / In recent times, the pet care market has been experiencing significant growth, as the new generation of consumers – millennial and Gen Z – has started to embrace the pet-loving and pet-owning lifestyles to a greater extent than their elders. A shift in preference for pet foods from their traditional options and the advent of online purchasing are contributing to rapid expansion of the pet care market.

While the coronavirus outbreak has taken a toll on the best-laid plans of businesses across a wide spectrum of industries, it has created both unprecedented challenges and opportunities for the pet care market players. Pre-COVID-19 forecast of the pet care market pegged at 5%-6% growth in 2020, which is estimated to suffer a drop of 2.5%-3%, according to a study by Future Market Insights.

"An opportunity emerged for pet care brands offering essential products through online channels, amid the stay-at-home orders and social distancing requirements triggered by the COVID-19. However, key companies active in the production of kennels, dog walkers, and groomers are facing significant challenges, due to the lack of ‘essential' status," says the FMI analyst.

For more insights into the Market, request a sample of this report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-45

Key Takeaways of Pet Care Market Study

The pet care market is expected to recover by the first quarter of 2021, owing to steady sales of pet foods.
Sales of pet foods, particularly dog food and cat food, will continue to account for a higher share of manufacturers' bottom lines as compared to other pet care products.
While pet shops and supermarkets remain key sales channels for the pet care market, key players are targeted towards capitalizing on online channels for a distinct competitive edge.
North America will continue to maintain its lead in the global market, as millennials across the region are increasingly blurring the line between human child and pets.

Pet Care Market – Key Growth Drivers

An increasing rate of pet adoption and big brands cashing in on humanization of pets remain key growth drivers.
Increasing demand for more gourmet options over traditional pet foods will drive the frequency of innovations in the marketplace.
Affluent millennial pet owners, willing to spend on organic pet foods and luxury pet hotel experience, will open up new avenues of market revenue growth.
Emergence of pets as an integral part of the family, especially in developing countries with high spending power of consumers is expected to play an instrumental role in the market growth.

Pet Care Market – Key Restraints

Despite millennial filling up the gap left by aging baby boomers, the pet ownership worldwide is still facing a slow growth rate which poses as a significant challenge for market players.
Mass market of pet care products through e-commerce, making most brands available at lower prices, has led to penetration of new players which represent a potential threat to incumbent companies.

Impact of COVID-19 on Pet Care Market

Panic buying and stockpiling practices during the initial phase of COVID-19 have rapidly emptied the shelves of pet care products, which prevented a sharp decline in the market revenue. However, a large number of pet care services that are not deemed ‘essential' came to standstill, due to the domino effect of nationwide lockdown. Additionally, supply shortages of premium products have prompted consumers to turn to cheaper brands, which is highly likely to affect the brand loyalty following the COVID-19 crisis.

For information on the research approach used in the report, request methodology@ https://www.futuremarketinsights.com/askus/rep-gb-45

Competition Analysis

Key players operating in the pet care market include Nestle Purina, Mars Inc., Merck & Co., Zoetis, Ancol Pet Products, PetSmart, Inc., Blue Buffalo Pet Products, Petmate Holdings Co., Champion Pet Foods, Petco Animal Supplies, Inc., and Heristo AG.

As the COVID-19 takes a bite out of the pet care market, service providers are struggling with low demand and turning to digital solutions to maintain their business continuity. This factor played an important role in Mars Petcare's decision to launch ‘Pet Health Pal', a free digital education tool powered by WhatsApp and Facebook Messenger chat bot functionality, in partnership with Waltham Petcare Science Institute.

More About the Report

The FMI's market research report provides comprehensive insights on the pet care market. The market is analyzed on the basis of

Explore Extensive Coverage of FMI on Retail & Consumer Products Industry

Pet Insurance Market: Find in-depth insights on the pet insurance market for the forecast period (2019-2029). The study includes important analysis on growth drivers, challenges, opportunities, and revenue sources of key market players.

Pet Food Processing Market: Get a 360 degree perspective on the pet food processing market with comprehensive insights on key market players, regional market forecast, growth-driving factors, and restraints for the course of 10 years (2020-2030).

Grain-free Pet Food Market: FMI's study on the grain-free pet food market covers in-depth insights, segment-wide analysis, manufacturers' growth strategies, and market statistics for a 10-year forecast period.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

Contact:

Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Market Report: https://www.futuremarketinsights.com/reports/southeast-asia-pet-care-market
Press Release Source: https://www.futuremarketinsights.com/press-release/southeast-asia-pet-care-market

SOURCE: Future Market Insights

ReleaseID: 594921

NEW YORK, NY / ACCESSWIRE / June 23, 2020 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Ryder System, Inc. (NYSE:R)
Class Period: July 23, 2015 – February 13, 2020
Deadline: July 20, 2020
For more info: www.bgandg.com/r

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) failed to disclose that Ryder's financial results were inflated as a result of the Company's practice of overstating the residual values of the vehicles in its fleet; (2) there was no reasonable basis to believe that Ryder would sell its used vehicles for the amounts that it had assigned to them; (3) Ryder's residual values for its fleet of vehicles exceeded the expected future values that would be realized upon the sale of those vehicles by such a degree that the Company ultimately took a $357 million depreciation charge in 2019 related to Ryder's reduction of its residual values to align them with the amounts for which they could realistically be sold; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

CytomX Therapeutics, Inc. (NYSE:CTMX)
Class Period: May 17, 2018 – May 13, 2020
Deadline: July 20, 2020
For more info: www.bgandg.com/ctmx

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) CytomX had downplayed issues with CX-072's efficacy observed in the PROCLAIM-CX-072 clinical program; (2) CytomX had similarly downplayed issues with CX-2009's efficacy and safety observed in the PROCLAIM-CX-2009 clinical program; and (3) as a result, the Company's public statements were materially false and misleading at all relevant times.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 594663