Pune, India, Nov. 02, 2023 (GLOBE NEWSWIRE) — The global pet clothing market size was USD 5.01 billion in 2020 and is expected to grow from USD 5.17 billion in 2021 to USD 7 billion in 2028 at a CAGR of 4.4% during of 2021-2028. Factors such as growing preference for sustainable clothing and increasing focus on introducing innovative pet clothing are expected to favor market growth during the forecast period.
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List of Key Players Profiled in Pet Clothing Market:
- L. Shareholding Company Ltd. (Oxford, UK)
- MEDICAL PET SHIRTS INTERNATIONAL BV (Bleiswijk, Netherlands)
- Bitch New York (New York, US)
- Moshiqa (Los Angeles, US)
- Petrageous Designs (California, US)
- Pet Rageous Designs LLC. (Burlington, US)
- MILK&PEPPER (Cholet, France)
- TRIXIE Heimtierbedarf GmbH & Co. KG (Tarp, Germany)
- PETstock (South Melbourne, Australia)
- CANADA POOCH (Toronto, Canada)
- BedheadPajamas Inc. (California, US)
What Does the Report Provide?
The global market for pet clothing report provides a qualitative and quantitative analysis of several factors such as key drivers and restraints that will affect the growth. Moreover, the report provides regional segment insights covering various regions, which contribute to the growth of the market. It also includes the competitive landscape involving leading companies and their adoption of strategies to introduce new products, announce partnerships, and collaborations that will further contribute to market growth during the forecast period. Moreover, the research analyst has adopted several research methods to gain information about the current industry trends and developments that will drive the growth of the market between 2021 and 2028.
DRIVING FACTORS
Growing Desire for Sustainable Clothing to Drive Market Growth
The growing concern related to plastic disposal is driving the demand for plant-based textiles such as hemp, cotton, and others. Fashionable clothing can often result in growing discomfort for pets such as Labradors and Golden Retrievers due to tight fit or skin allergies. Therefore, manufacturers are focusing on developing sustainable clothing that will protect pets from harsh climates and other external factors. Therefore, the high demand for sustainable fabric is expected to bode well for the global pet clothing market growth during the forecast period. For example, in November 2020, K9 Wear, a dog apparel manufacturer, has announced the launch of patented, highly comfortable harnesses and apparel for pet dogs. The products are available in several stores worldwide.
Impact of COVID-19: Market to Reach USD 5.17 Billion by 2021
The COVID-19 pandemic has led to the closure of several clothing stores around the world. Moreover, lockdown measures have been announced to contain the spread of the disease worldwide. However, the market is expected to reach USD 5.17 billion by 2021 due to increasing sales of pet-based apparel and accessories through online platforms. For example, in April 2020, Chewy, a US retailer of pet clothing supplies, reported a 46.2% spike in its online sales worth more than USD 1.6 billion in the first quarter of 2020.
MARKET SEGMENTATION:
By Product Type
- Coats and jackets
- Sweaters and Hoodies
- Shirts and Tops
- The others
By Pet Type
By Geography
- North America
- Europe
- Asia-Pacific
- the Middle East and Africa
- South America
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REGIONAL INSIGHTS
North America: At a value of USD 1.70 billion in 2020, North America is expected to dominate the global pet clothing market in the coming years. This is due to the increasing disposable income of pet owners in the region. For example, according to the American Pet Products Association, spending on pet supplies and medications reached USD 19.2 billion in 2019, a significant increase from USD 16.1 billion in 2018.
Asia-Pacific: Expected to witness rapid expansion, the pet apparel market in this region is driven by the growing middle class population that owns pets, especially in countries such as Australia and India.
Europe: The region is poised for significant growth during the forecast period. This is related to the large pet population in countries such as the UK, Germany, and the Netherlands, which is expected to stimulate the use of innovative pet clothing in the area.
Top Trends in the Global Pet Clothing Market:
- Functional Clothing: Pet owners show a strong penchant for clothing that serves a purpose beyond aesthetics. This includes things like protective raincoats, insulated jackets for colder climates, and even UV-protection clothing for pets that spend a lot of time outside.
- Personalization and Customization: There has been a growing trend toward personalized clothing items, including monogrammed sweaters, custom-fit coats, and accessories that can be tailored to the specific needs and preferences of individual pets.
- Eco-Friendly and Sustainable Options: With increasing awareness of environmental sustainability, many consumers are looking for pet clothing made from organic, sustainable, and eco-friendly materials. This includes items made from recycled fabrics, biodegradable materials, and natural fibers.
- Stylish Designs: The pet clothing market has also witnessed an increase in demand for stylish and trendy designs, which often reflect human fashion trends. This includes items such as stylish clothing, stylish hoodies, and accessories that match current fashion styles and seasonal trends.
- Tech-Integrated Apparel: Integrating technology into pet clothing is gaining traction, with the development of items such as GPS-enabled collars, smart wearables for monitoring health and activity levels, and temperature-regulating fabrics to ensure comfort and well-being of domestic animals in different environments.
Detailed Table of Contents:
- Introduction
- Scope of Research
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Overview of Parent/Related Markets
- Industry SWOT Analysis
- Emerging trends
- Recent Industry Developments – Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- Qualitative Analysis (related to COVID-19)
- Impact of COVID-19
- Supply Chain Challenges
- Potential Opportunities due to COVID-19
- Global Pet Clothing Market Analysis, Insights, and Forecast, 2017-2028
- Key Findings / Summary
- Market Size Estimates and Forecasts
- By Product Type (Value)
- Coats and jackets
- Sweaters and Hoodies
- Shirts and Tops
- By Pet Type (Amount)
- By Region (Value)
- North America
- Europe
- Asia-Pacific
- South America
- Middle East and Africa
- By Product Type (Value)
TOC continues…!
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COMPETITIVE LANDSCAPE
Product Launches by Prominent Companies to Intensify Industry Competition
The global market for pet clothing is fragmented with major companies striving to maintain their dominance by developing innovative clothing products to meet the growing needs of consumers worldwide. In addition to this, other key players are adopting strategies such as partnerships, collaborations, and mergers and acquisitions that will contribute to the growth of the market in the coming years.
Key Industry Developments:
- September 2020 – Dsquared2, an Italian clothing brand, announced its partnership with Poldo Dog Couture, a clothing retailer. Together, the companies introduced a whole line of stylish dog clothes in stores in Italy.
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