The well-being of pets or companion animals is nourished by many elements, including their nutrition and health. For this reason, the search for companies that specialize in improving the quality of life of companion animals continues to grow and BBVA New Gen connects you as an investor with industries of interest to you.
Pets represent a decision variable when choosing to invest in a house, in a car, in travel, in their own care or simply in leisure activities.
The so-called 'humanization of pets' keeps the pet health and wellness sector on the rise, with an estimated annual growth of around 5% in the global market for related products and services.
Technological advances have taken research into the human genome to a new level where it is claimed that the cat genome is more similar to that of humans and can make a difference by becoming the key to preventing and curing diseases.
One key to the pet care industry is that it remains stable even in times of crisis; that is, if a pet gets sick, it will be taken care of in the best possible way, regardless of the economic situation.
The pet care industry ranges from veterinary pharmaceuticals, diagnostics, product and service distributors, food manufacturers and supplies of all kinds. The industry is expected to grow from $232 billion in 2020 to $350 billion in 2027.