Pet Accessories Market to Exhibit a Remarkable Hike of USD 14.77 billion by 2029, Size, Share, Rising Trends, Demand, Future Growth and Opportunity Analysis
“An influential Pet Accessories Market report contains the most recent market information, allowing companies to conduct in-depth analysis of the Pet Accessories Market industry and future trends. It also helps gauge brand awareness and insights among potential customers, uncovering uncertainties that may arise due to changes in business activities or the introduction of new products to the market. This market analysis report is a detailed study of the Pet Accessories Market industry, explaining market definitions, classifications, applications, engagements, and global industry trends. The Pet Accessories Market research report serves as a significant component of business strategy.
Furthermore, for businesses, understanding consumer demands, preferences, attitudes, and changing tastes regarding specific products is crucial. This valuable information can be gleaned from the credible Pet Accessories Market report. The report also sheds light on the various inhibitors and motivators of the product market in both quantitative and qualitative approaches, providing accurate information. The Pet Accessories Market report also presents an analysis of prime manufacturers, trends, opportunities, marketing strategies, market impact factors, and consumer needs across major regions, types, and applications globally, while considering the past, present, and future state of the Pet Accessories Market industry.
Data Bridge Market Research analyses that the pet accessories market is expected to grow at a CAGR of 6.1% and at a USD 9.2 billion in 2021 and is further estimated to reach USD 14.77 billion by 2029 during the forecast period.
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Market Analysis and Size
Pet owners are constantly on the lookout for durable and unusual accessories for their pets that are both appealing and long-lasting, and they are open to new products joining the market or switching from old to new ones. As a result, there is a large increase in demand for such products, which leads to an increase in the pet accessory market.
Report Scope and Market Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2019 – 2014) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
| Segments Covered | Product (Pet Toys, Housing and Bedding, Grooming Products, Carriers, Collars and Harness, Others), End User (Dogs, Cats, Others), Distribution Channel (Specialist Retailers, Factory Outlets, Internet Sales, Department Stores, Others)- |
| Countries Covered | U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, rest of the Middle East and Africa (M.E.A.) as a part of the Middle East and Africa (M.E.A.), Brazil, Argentina and rest of South America as part of South America |
| Market Players Covered | Pet insurance Solutions, LLC (US), ferplast S.p.A (Italy), countryvet (US), Midwest homes for pets (US), Cargill, Incorporated (US), ADM (US), BASF SE (Germany), Bluestar Adisseo Co., Ltd. (China), Darling Ingredients Inc. (US), Omega Protein Corporation (US), DuPont (US), Chr. Hansen Holding A/S (Denmark), Roquette Frères. (France), SunOpta (Canada), Lallemand Inc. (Canada), Lesaffre (France), Daka Denmark A/S (Denmark), Nutreco N.V. (Netherlands). |
| Market Opportunities |
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Market Definition
Pets, often known as companion animals, are animals that are kept by humans for the purpose of providing comfort and company. Animals of diverse sorts are maintained as pets in many parts of the world. Pet accessories include animal items, which are also available in pet stores. Food, treats, toys, collars, leashes, kitty litter, cages, and aquariums are among the items sold.
Pet Accessories Market Dynamics
Drivers
Major factors that are expected to boost the growth of the pet accessories market in the forecast period are as follows:
- Rise in the number of pet ownerships
As the number of pet owners grows, so does the demand for pet accessories, which is projected to propel the market forward.
- Growing pet population
One of the primary reasons driving the market are the growing pet population as a result of rising pet adoption rates and the high expenditure on pet wellness.
- Increase in the disposable incomes
Increasing disposable incomes are being accompanied by an increase in pet accessory spending which will further accelerate the market growth.
Opportunities
In addition, the growing pets and owners around the world which is further estimated to provide potential opportunities for the growth of the pet accessories market in the coming years.
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The pet accessories market is segmented on the basis of product, end user and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Pet Toys
- Others
On the basis of product, the pet accessories market is segmented into pet toys, housing and bedding, grooming products, carriers, collars and harness, and others.
End User
- Dogs
- Cats
- Others
On the basis of end user, the pet accessories market is segmented into dogs, cats and others.
Distribution Channel
- Specialist Retailers
- Factory Outlets
- Internet Sales
- Department Stores
- Others
On the basis of distribution channel, the pet accessories market is segmented into specialist retailers, factory outlets, internet sales, department stores and others.
The report can answer the following questions:
- Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Pet Accessories Market
- Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Pet Accessories Market
- Different types and applications of Pet Accessories Market share of each type and application by revenue.
- Global of Pet Accessories Market size (sales, revenue) forecast by regions and countries from 2022 to 2028 of Pet Accessories Market
- Upstream raw materials and manufacturing equipment, industry chain analysis of Pet Accessories Market
- SWOT analysis of Pet Accessories Market
- New Project Investment Feasibility Analysis of Pet Accessories Market
Key Questions Answered in This Report: –
- How has this Pet Accessories Market performed so far and how will it perform in the coming years?
- Which are the key product types available in this Pet Accessories Market?
- Which are the major application areas in the Pet Accessories Market?
- What are the key distribution channels in the global Pet Accessories Market?
- What are the key regions in this Pet Accessories Market?
- What are the price trends?
- What are the various stages in the value chain of this industry?
- What are the key driving factors and challenges in the market?
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