This post was originally published on this site
The global pet market is expected to reach $241.1 billion by 2026, registering a 5.2% CAGR. A shift in preference to branded pet products, the convenience of e-commerce platforms, and branding by pet suppliers are expected to further propel the industry’s growth.
Hence, Wall Street analysts are optimistic about the growth potential of several quality pet care stocks. Indeed, the Street expects the shares of Freshpet Inc . (FRPT), The Original BARK Company (BARK), and PetIQ, Inc. (PETQ) to rally by more than 30% in price in the coming months.
