NEW YORK, June 5, 2024 /PRNewswire/ — The global pet accessories market size is forecast to grow USD 16.02 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.99% during the forecast period.
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Technavio has released its latest market research report titled Global pet accessories market 2024-2028
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Forecast period |
2024-2028 |
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Base Year |
2023 |
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Historical Data |
2018 – 2022 |
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Segment Coverage |
End-user (Dogs, Cats, and Others), Product (Pet |
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Region Coverage |
North America, Europe, APAC, South America, |
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Key companies profiled |
Ancol Pet Products Ltd., Blueberry Pet, Designer |
Key Market Trends Driving Growth
The pet accessories market is booming with the introduction of smart products, including smart beds and feeders. These innovations cater to affluent customers, offering features such as weight tracking, thermostatic climate control, and automatic temperature adjustments.
Smart pet collars with inbuilt cameras and voice commands are also popular for monitoring pet activities. The market is expected to expand with the launch of new connected accessories during the forecast period. These products ensure optimal pet comfort, safety, and nutrition, making them valuable investments for pet owners.
The pet accessories market is experiencing significant growth, with various product categories gaining popularity. This includes grooming tools such as brushes, shampoo, and nail clippers. Segments such as pet carriers, beds, and toys are also in high demand. Technology plays a role in the industry, with smart pet feeders and tracking devices becoming the trend.
Harnesses, leashes, and collars are essential accessories for pet owners. Dogs and cats are the main focus, but birds, reptiles, and other pets also have a presence in the market. The market is diverse, catering to different breeds and sizes, and the trend is towards eco-friendly and sustainable products. The future looks bright for the pet accessories industry, with constant innovation and consumer demand driving its growth.
Market Challenges
- The pet accessories market is facing challenges due to health concerns associated with pet ownership. Harmful bacteria such as Campylobacter jejuni and cryptosporidiosis, transmitted through animals, pose risks to human health, especially children. Allergens from pets, such as dander and proteins in saliva and urine, trigger allergies and asthma attacks in some individuals.
- About 15%-30% of allergies and allergic rhinitis are caused by pet allergens. People with weakened immune systems and asthma are more susceptible to these allergies, limiting pet adoption and sales of pet care products.
- The pet accessories market is experiencing significant growth, with high demand for innovative and functional products. However, there are challenges in this industry. A big challenge is ensuring the safety and durability of pet accessories, as pets can be destructive and rough on their items. Another challenge is keeping up with consumer trends and preferences, as pet owners look for eco-friendly, tech-enabled, and personalized accessories for their pets.
- Additionally, competition is fierce, making it important for businesses to distinguish themselves through quality, customer service, and unique offerings. Close monitoring of consumer behavior and staying informed about industry trends is key to overcoming these challenges and growing the pet accessories market.
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Segment Overview
- End-user
- 1.1 Dogs
- 1.2 Cats
- 1.3 Other
- 4.1 North America
- 4.2 Europe
- 4.3 APAC
- 4.4 South America
- 4.5 Middle East and Africa
1.1 Dogs- The pet accessories market is mainly driven by the high ownership of dogs as pets. With dogs that need a lot of space and attention, working couples in small spaces choose pet furniture. Apartment dwellers without a garden or porch also favor dogs because of their popularity. In addition, the adoption of other pets such as birds and rabbits is expected to increase, expanding the market. Vendors are responding to this trend by introducing more agility products for dogs, such as Ferplast’s Toy PA 6100 and Toy PA 6542. This growing variety of offerings is expected to fuel market growth during the forecast period.
For more information on market segmentation with geographical analysis including forecast (2024-2028) and historical data (2018 – 2022) – Download a Sample Report
Research Review
The Pet Accessories Market is experiencing significant growth due to the increasing number of pet adoptions and the focus on pet welfare. Pet owners invest in various accessories to ensure that their pets live healthy and comfortable lives. This includes Collars, Leashes, Harnesses, Beds, Toys, Grooming supplies, Vitamins, and Organic foods.
New types of products are constantly being introduced to meet the hygiene and odor-free needs of pets, as well as addressing issues such as dandruff, hair loss, and tangles. Pet grooming services are also gaining popularity to help maintain the overall health and appearance of pets. The market for pet accessories is expected to continue its upward trend as more and more people embrace the joy of pet ownership and prioritize the lifelong health and well-being of their pets.
Overview of Market Research
The Pet Accessories market encompasses a wide range of products designed to enhance the well-being and comfort of pets. These include collars, leashes, harnesses, pet mats, grooming tools, and different types of bedding. The market also caters to the needs of pets during outdoor activities with offerings such as pet car seats, life jackets, and protective equipment.
Furthermore, pet owners can choose from a variety of functional and decorative pet toys. Smart technology has also entered the pet accessories market, with options such as automatic feeders and interactive toys. The market is driven by the growing trend of pet humanization and the increasing awareness of pet health and happiness.
Table of contents:
1 Executive Summary
2 Market Landscape
3 Market Measurement
4 Historical Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
- product
- Distribution Channel
- Geography
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges and Trends
10 Company Landscape
11 Company Review
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With more than 500 expert analysts, Technavio’s report library consists of more than 17,000 reports and counts, covering 800 technologies, covering 50 countries. Their client base consists of businesses of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within the changing market situations.
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SOURCE Technavio
