“Increase in the Expenditure on Pet Care in Advanced Economies”
Rising pet care expenditure in advanced economies drives growth in the pet beds market. Pet owners increasingly prioritize premium bedding solutions for their pets' comfort and health. Consumers seek orthopedic, memory foam, and temperature-regulating beds to enhance pet well-being.
The trend of pet humanization encourages spending on luxury and designer pet beds. In the U.S., high-income households invest in customized and eco-friendly bedding options. European pet owners prefer hypoallergenic and sustainable materials to align with environmental values.
For instance, luxury brands such as Casper and Furhaven offer high-end orthopedic pet beds. Online retailers, including Chewy and Amazon, report increasing sales of premium and smart pet beds. The expansion of e-commerce platforms makes high-quality pet bedding more accessible to consumers. Increased spending on pet wellness and comfort strengthens market growth worldwide.
