Rising Focus on Pet Health and Wellness is Driving the Growth of the U.S. Pet Accessories Market

Pet owners are prioritizing the well-being of their pets as pets are increasingly considered as important family members, offering a substantial market driving factor for accessories that contribute to pet health. One key factor driving this trend is pet owners' rising understanding of the link between adequate care, nutrition, and their pets' overall health. This increased knowledge has resulted in an increase in demand for accessories aimed to improve the physical and mental well-being of dogs and other pets. Pet owners who are concerned about their pets' health are looking for things that go beyond the requirements, focusing on items that promote a healthier and happier lifestyle for their pets. The rise of pet health and wellbeing is also stimulating the development of technology-driven accessories. Pet owners can measure their animals' activity levels, monitor health parameters, and obtain individualized insights into their well-being with smart devices such as fitness trackers and health monitors for pets.

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Data Bridge Market Research analyzes that the U.S. Pet Accessories Market is expected to reach USD 20,865.64 million by 2031 from USD 12,230.00 million in 2023, growing at a CAGR of 6.9% in the forecast period of 2024 to 2031.

Key Findings of the Study

Rise in the Number of Pet Adoption

Pet adoption has resulted in a growing demographic of pet owners wanting to offer a better and comfortable environment for their newly acquired pets, boosting demand for a wide range of pet accessories. Pet adoption is frequently accompanied by a sense of duty and dedication to the well-being of the adopted pet. New pet owners are more likely to invest on accessories that improve their pets' comfort, safety, and general quality of life. This covers both necessary things like beds, bowls, leashes, and grooming tools and non-essential but increasingly popular accessories like clothes, toys, and specialist care products. Pet owners' emotional attachment to their acquired animals contributes to a desire to pamper and lavish them with numerous accessories. As owners want to provide the best for their newly adopted family members, this emotional attachment fuels a market for premium and personalized pet accessories. Adopting a pet, particularly from a shelter or rescue organization, is frequently connected with a commitment to the health and well-being of the creature. Pet owners may be more tempted to purchase health-related accessories such as healthy snacks, supplements, and grooming products that add to their adopted pets' overall health and happiness.

Report Scope and Market Segmentation

Segment Analysis

The U.S. pet accessories market is segmented into three notable segments based on product type, pets, and distribution channel.

• On the basis of product type, the U.S. pet accessories market is segmented into food accessories, outdoor accessories, grooming accessories, pet bedding, pet toys, clothing accessories, pet housing, utility products, care products, pet leads & harnesses, and others

In 2024, the food accessories segment is expected to dominate the U.S. pet accessories market

In 2024, the food accessories segment is expected to dominate the market with a 20.95% market share due to broader cultural shift towards recognizing pets as valued family members, driving demand for high-quality and health-focused pet food accessories.

• On the basis of pets, the U.S. pet accessories market is segmented into dog, cat, reptiles, birds, horse, and others

In 2024, the dog segment is expected to dominate the U.S. pet accessories market

In 2024, the dog segment is expected to dominate the market with a 46.24% market share due to diverse range of accessories, including collars, toys, grooming products, and fashionable items, caters to the large and diverse dog-owning demographic.

• On the basis of distribution channel, the U.S. pet accessories market is segmented into store based retailers and e-commerce. In 2024, the store based retailers segment expected to dominate the market with a 78.93% market share

Major Players

Data Bridge Market Research analyzes Spectrum Brands, Inc. (U.S.), Doskocil Manufacturing Company, Inc. dba Petmate (U.S.), Unicharm Corporation (Japan), Inter IKEA Systems B.V. (Netherlands), and MidWest Homes for Pets (U.S.) as the major players of the U.S. pet accessories market.

Market Developments

• In November 2023, COLLAR Company introduced WAUDOG R-leash. This is created by the company’s in-house R&D department for responsible pet parents, the R-leash features a built-in container for hygiene bags, offering convenience with a reliable mechanism, ergonomic handle, unique tape winding system, and reflective tape for added safety during walks. It is available in six colors and three sizes (S, M, and L) for dogs up to 40 kg, COLLAR Company provides a two-year warranty for the R-leash. This will help the company to expand their product portfolio
• In November 2023, COLLAR Company introduced an innovative line of pet accessories known as WAUDOG Nylon Recycled. These products are crafted from rPET recycled plastic bottles, significantly reducing resource consumption and minimizing CO₂ emissions during production. The inclusion of a new anti-corrosion titanium metal hardware coating ensures that these pet accessories are exceptionally durable, capable of withstanding various weather conditions. This eco-friendly approach aligns with the growing consumer demand for businesses to adopt environmentally responsible practices, potentially attracting environmentally-conscious customers
• In April 2023, IKEA announced USD 2.2+ billion investment in the company’s omnichannel growth strategy in the U.S. over the next three years. Marking its largest investment in almost four decades of operating in the U.S., IKEA is building on the company’s vision to create a better everyday life for the many people by opening new stores and locations to meet customers, strengthening its fulfillment network to secure better delivery options and providing a product offer that reflects the needs of life at home in different regions across the country. It will increase the market reach of the company in U.S.
• In February 2023, Unicharm Corporation announced at the meeting of the Board of Directors held on February 22, 2023, the Company has resolved to split off and transfer the production and logistic functions of the Pet Care Business to its wholly owned subsidiary Unicharm Products Co., Ltd. (hereinafter as Unicharm Products). This function split off and transfer is planned with an effective date of January 1, 2024
• In October 2021, Platinum Equity announced the acquisition of Cosmic Pet, a leading designer, marketer, and distributor of pet products, including toys, beds, collars & leashes, treats, feeders and bowls, and other accessories. Cosmic Pet will be combined with Platinum Equity portfolio company Petmate. This will enhance the resources and product portfolio for the company

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