Global Pet Accessories Market, By 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)-Industry Trends and Forecast to 2029.
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.
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.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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)-
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Countries Covered
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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
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Market Players Covered
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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).
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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.
Restraints/Challenges
On the other hand, the increased cost and bad quality of product is further projected to impede the growth of the pet accessories market in the targeted period. However, the increasing sensitivity towards pets in human which might further challenge the growth of the pet accessories market in the near future.
This pet accessories market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pet accessories market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Pet Accessories Market
The pandemic of COVID-19 has had a huge impact on the pet accessories market. As a result of the lockdown imposed by the coronavirus outbreak, sales and revenue in the pet accessories industry have decreased, as distribution channels such as specialty stores have closed to prevent mass gathering. The online pet accessory retailers have been impacted by the delayed delivery caused by transportation limitations. The production of pet accessories has been impacted by the closure of manufacturing units and a lack of manpower. Due to export and import limitations in several countries, the COVID-19 pandemic has had an impact on pet accessory sales.
Recent Development
- In September 2020, The "Beaphar BIO Shampoo Range" was introduced by Beaphar. The new shampoos are made with natural ingredients and packaged in recyclable tubes, allowing dog owners to make a more environmentally friendly decision that benefits both their dog and the environment.
Global Pet Accessories Market Scope and Market Size
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.
Pet Accessories Market Regional Analysis/Insights
The pet accessories market is analysed and market size insights and trends are provided by country, product, end user and distribution channel as referenced above.
The countries covered in the pet accessories market report are 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 Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the pet accessories market due to the rise in the residential smart smoke detectors. Furthermore, the occurrence of major key players will further boost the growth of the pet accessories market in the region during the forecast period.
North America is projected to observe significant amount of growth in the pet accessories market due to the growing high disposable income. Moreover, the increasing expenditure on pet wellness is further anticipated to propel the growth of the pet accessories market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Pet Accessories Market Share Analysis
The pet accessories market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to pet accessories market.
Some of the major players operating in the pet accessories market are:
- 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)
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