Cat lovers worldwide have a special day to celebrate one of mankind’s oldest-known and much-adored pets. Worshipped as gods in ancient Egypt and as modern Internet celebrities as well, cats are independent, inquisitive and resourceful. So, it comes as no surprise that they also have their own holiday.
Invest in the Pet Industry
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What is International Cat Day?
International Cat Day occurs annually on August 8th. This holiday was originally created in 2002 by the International Fund for Animal Welfare, an organisation dedicated to raising awareness of felines and educating people on how to care for and protect them.
These companies are the cat’s meow
Caring for cats is also the basis for booming business. The global pet care industry is worth more than $200 billion today, and is expected to grow to over $350 billion by 2027. Cat owners who love to dote on their feline companions make sure to supply them with everything they need. Here are some leading companies whose stocks you may want to consider.
- Cat food: cats are notoriously picky eaters, and companies such as Freshpet, Nestlé (parent company of Ralston Purina), and General Mills cater to this market with premium and specialty cat food brands.
- Online cat care suppliers: e-commerce has exploded and the pet care industry is no exception. Cat owners can conveniently order pretty much everything for their furry friends online, from treats to toys, and furniture to pharmaceuticals. Amazon, Chewy, and Petco are leading online retailers for cat care products.
- Feline health: proper medical care is vital for cats to live long and healthy lives. Companies such as Merck and Zoetis develop vaccines, medications, and diagnostic technology to keep cats healthy. Insurance companies such as Metlife and Lemonade provide pet coverage plans to help protect pet owners from potentially pricey healthcare costs.
- Pet tech: this fast-growing sector of the pet care market includes products such as GPS trackers, smart doors, and smart collars. Key players in the pet tech industry include Garmin International, Motorola, and GoPro.
Invest in the pet care industry with PetPortfolio
As mentioned above, the pet care industry as a whole has enormous growth potential. To help investors gain exposure to this market, eToro offers PetPortfolio — a fully allocated thematic portfolio that contains exposure to a wide range of leading companies that address the needs of pets and their owners. Designed for long-term investing, this investment strategy has been created to help investors benefit from the powerful growth the industry is expected to generate in the years ahead, while minimising risk through its diversified approach to stock selection.
Invest in the Pet Industry
Your capital is at risk.
Copy Trading does not amount to investment advice. Your investments value may go up or down. Your capital is at risk.