Petco Health & Wellness (WOOF) – A Powerful Ecosystem

As one of the largest specialty pet supply chains, Petco Health & Wellness (WOOF) owns and operates almost 1,500 stores offering pet supplies, companion animals, and services.

According to Packaged Facts, cited by Petco, the number of U.S. households that own pets is expected to reach 72 million in 2020. This equated to about $4B in incremental demand. Petco’s total addressable market consists of pet products (which include consumables, supplies, and companion animals), as well as services (which include veterinary and non-medical services). Pet products are expected to make up $61B, or 64%, of the total pet care market in 2020, and pet services are expected to account for $35B, or 36%, of the market. UBS estimat