Increasing Spending on Pets in Countries to Benefit Pet Accessories Market

Global Market for Pet Accessories

Dublin, July 04, 2023 (GLOBE NEWSWIRE) — The report “Pets: Global Strategic Business Report” has been added to the ResearchAndMarkets.com’s offering.

The global market for Pet Accessories estimated at US $ 32.7 Billion in the year 2022, is expected to reach a revised size of US $ 55.4 Billion by 2030, growing at a CAGR of 6.8% during the review period 2022 -2030.

Pet Toys, one of the segments analyzed in the report, is expected to record a 7.4% CAGR and reach US$24.7 Billion by the end of the review period.

Considering the continued post-pandemic recovery, growth in the Other Products segment is pegged at a revised 6.4% CAGR for the next 8 years.

US Market Estimated at $12.9 Billion, While China Forecast to Grow at 8.9% CAGR

The US Pet Accessories market is estimated at US$12.9 Billion by the year 2022. China, the world’s second largest economy, is estimated to reach an expected market size of US$7.9 Billion by the year 2030 chasing a CAGR of 8.9% in over the review period 2022 to 2030.

Among other notable geographic markets are Japan and Canada, each forecast to grow at 5.8% and 5.9% respectively during the period 2022-2030. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.

Select Competitors (Total 167 Featured) –

• Ancol Pet Products Limited

• Beeztees

• Dog Cycle

• Petmate (Doskocil Manufacturing Company, Inc.)

• Ferplast SpA

• Honest Pet Products

• Innovation Pet, Inc.

• MidWest Homes for Pets

• Central Garden and Pet Company

• Petstages, Inc.

• Rolf C. Hagen, Inc.

• Rosewood Pet Products

• Spectrum Brands Holdings, Inc.

• Fido LLC only

• The Hartz Mountain Corporation

• Worldwise, Inc.

Key Features:

Main Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of Covid-19 and a Looming Global Recession

• How 2020 Will Be a Year of Surprising Disruption and Incredible Change

• COVID-19 Left the World in Devastation and Industries and Markets Raised: World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022

• As Mass Vaccination Drives Begin Around the World, Will It Change the Existing Economic Reality? & Is This Really the Silver Bullet We’ve Been Waiting For?

• How Fast the World Vaccinates Will Determine How Soon the Pandemic Ends: Global Number of COVID-19 Vaccines (Per 100 People) As of February 2021 by Country

• Global Number of Annual COVID-19 Vaccine Doses (In Millions) for the Years 2020 to 2025 by Geographic Region/Country

• Impact of COVID-19 on the Pet Accessories Market

• Impact of COVID-19 on the Pet Accessories Market

• Pet Accessories Market Set for Rapid Growth, After COVID-19

• The US and Europe dominate the Regional Landscape

• Global Millennial Population by Selected Countries in Millions: 2019

• Asia-Pacific (including China) Emerges as the Fastest Growing Region

• Population of Pet Owners in China (2020): Percentage Share of People Living with Dogs, Cats, Aquatic Animals, Rodents and Reptiles

• Increase in Pet Ownership to Fuel Market Growth

• Global Pet Population: Number of Dogs and Cats in Millions for the Years 2018 and 2021

• Pet Facts Around the World: Snapshot

• Dogs and Cats: Major Categories of the Pet Accessories Market

• Global Pet Dog Population (2021): Number of Pet Dogs by Selected Countries (in Millions)

• Global Pet Cat Population (2021): Number of Pet Cats by Selected Countries (in Millions)

• Pet Toys – A Key Growth Driver for the Pet Accessories Market

• Interactive Toys Find Favor with Pet Owners

• Popular Dog Toys in a Nutshell

• Popular Cat Toys in a Nutshell

• Competitive Landscape

• Pet Accessories – Key Market Competitors Percentage by 2022 (E)

• Competitive Market Presence – Strong/Active/Niche/Trivial for Global Players in 2022 (E)

• Recent Market Activity

• Innovations

• WORLD BRANDS

The story continues

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS and DRIVERS

• Increasing Spending on Pets in Countries to Benefit Pet Accessories Market

• Pet Humanization – A Pivotal Growth Driver for the Pet Accessories Market

• Increase in Preference for Natural and Environment Friendly Pet Accessories

• Sustainable Pet Products are increasing in popularity

• Premiumization Means Great for Market Growth

• Growing Trend of Customization in Pet Accessories

• Technological Innovations and New Product Developments Maintain Growth Momentum

• Innovations in Dog Toys

• Robotic Cameras Gain Traction

• Arrival of Smart Pet Accessories: A Major Trend

• Wearable Pet Devices Witness Rising Popularity

• As a Trendsetter in the Pet Industry, US Pet Wearables Demand Continues to Expand to Benefit Demand for Smart Collars: US Pet Wearable Market (In US$ Million) for the Years 2018, 2021 and 2023

• Pets Used as Stress Busters in Organizations

• Increased Popularity of Pet Grooming Products

• Covid-19 is changing the Pet Grooming Landscape

• All Natural, Organic, Botanical Pet Grooming Products

• Competitive Landscape

• Offline Distribution Leads, Online Soars in Popularity

• Pet Collars and Beds – Significant Income Generators

• Choose Flea Collars

• Select Cat Collars

• Select Smart Collar/ Tracking Devices for Cat

• Choose Types of Dog Beds

• E-Commerce Registers Dramatic Growth

• Global Pet Care E-Commerce Market by Product Type (in %): 2020E

• Online Channels Appear as Bright Spots

• Robots Have Entered the Pet Accessories Market

• Pet Shampoo Market Poised to Witness Shiny, Bright Years

• Dog Products and Commercial Rule Segments in the Global Pet Shampoo Market

• Pet Furniture Market Records Rapid Growth

• Customized Pet Furniture Wins Big

• Pet Care is Going Digital

• Fashionable and Multifunctional Pet Accessories Make a Cut

• Growing Urbanization and Middle Class Populations in Developing Regions Improve Prospects

• World Urban Population in Millions and as a Percentage of Total Population for the Period 1950-2050

• Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 and 2035

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/h9dzuh

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