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Global Pet Accessories Market - Industry Trends and Forecast to 2029

FMCG

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Global Pet Accessories Market - Industry Trends and Forecast to 2029

  • FMCG
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Pet Accessories Market - Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 9.20 Billion
Diagram Market Size (Forecast Year) USD 14.77 Billion
Diagram CAGR %

Major Markets Players

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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.

Pet Accessories Market

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

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

  • Rising development of advanced and improved tourism infrastructure
  • Availability of luxurious amenities and services
  • Increase in the number of travellers seeking to unwind by connecting to nature

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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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Pet Accessories Market will be worth USD 14.77 billion by 2029 during the forecast period.
The Pet Accessories Market growth rate is 6.1% during the forecast period.
Rise in the number of pet ownerships, Growing pet population & Increase in the disposable incomes are the growth drivers of the Pet Accessories Market.
The product, end user and distribution channel are the factors on which the Pet Accessories Market research is based.
The latest development in the Pet Accessories Market is "Beaphar BIO Shampoo Range" was introduced by Beaphar.
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