Already
a leading provider of unique and highly innovative pet care solutions ranging
from toys to feeding and waste management, Ohio-based OurPet’s Company, Inc.
(OTCQX: OPCO) expects to expand its presence on the fast-growing pet care
market through a unique line of products designed to awaken a pet’s natural
instincts.
The
company’s innovative products, as other premium pet care solutions available on
the market, cater to the needs of a growing number of customers who are
treating their pets like family members and are looking to buy only the most
high-end products for them, according to an analysis from industry research
report provider Sandler Research (http://dtn.fm/Xxtx2).
The
report also shows that the global pet care market is expected to grow at a
compound annual growth rate of 4.72% from 2016 to 2020, driven mostly by high
profit margins for manufacturers offering a wide range of specialized, premium
products. The highest revenue-generating geographic region in the market will
be North America, expected to hold more than 40% of the market share.
Despite
fierce competition on the pet care market, companies that consistently provide
top-quality, premium products will only strengthen their positions, while many
vendors will also take action to expand their business to emerging markets such
as the Asia-Pacific, Central and South America, the report indicates.
With
its unique line of proprietary pet products distributed both in the United
States and overseas, OurPet’s Company therefore seems poised for overcoming its
competition and becoming a major player on the market of innovative pet care
solutions. The company is committed to developing one-of-a-kind products
(http://dtn.fm/6NMdJ) that are patented and unparalleled on the market, based
on a unique design that focuses on the health and behavioral needs of pets and
their owners.
Keeping
in line with its dedication to product innovation, OurPet’s Company recently
launched a strong showing of game-changing pet products such as the OurPets®
Switchgrass Natural Cat Litter™ (http://dtn.fm/7bBA5) – a high-end, all natural
and fully biodegradable litter, and the Intelligent Pet Care™
(http://dtn.fm/En6rt) Bluetooth® line of products, which monitor pet behavior
via a smartphone app. And despite a slight decline in revenue in Q2 that
followed record numbers in Q1, OurPet’s Company anticipates a solid performance
and record revenue again in the second half of the year, as a direct
consequence of the new product launches.
For
more information, visit the company’s website at www.ourpets.com
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MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
