The global market for Pet Accessories is estimated at US$34.7 Billion in 2023 and is projected to reach US$55.4 Billion by 2030, growing at a CAGR of 6.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the pet accessories market is driven by several factors, including the increasing pet ownership rates, advancements in product technology, and changing consumer behavior. The rising number of households with pets, particularly in urban areas, has expanded the customer base for pet accessories. Technological advancements have led to the development of innovative products such as smart pet doors, automated litter boxes, and activity monitors, which cater to the modern pet owner`s desire for convenience and enhanced pet care. Changing consumer behavior, characterized by a willingness to spend more on high-quality and aesthetically pleasing products, also fuels market growth. Additionally, the trend of pet humanization has led to a surge in demand for luxury and designer pet accessories, as owners seek to pamper their pets with the same care and attention they give to themselves. The expanding e-commerce platforms and social media influence further boost market dynamics by making a wide variety of pet accessories easily accessible and promoting new trends and products among a larger audience. These factors collectively drive the robust expansion of the pet accessories market, ensuring its continual evolution and relevance in the lives of pet owners.
The growth in the pet accessories market is driven by several factors, including the increasing pet ownership rates, advancements in product technology, and changing consumer behavior. The rising number of households with pets, particularly in urban areas, has expanded the customer base for pet accessories. Technological advancements have led to the development of innovative products such as smart pet doors, automated litter boxes, and activity monitors, which cater to the modern pet owner`s desire for convenience and enhanced pet care. Changing consumer behavior, characterized by a willingness to spend more on high-quality and aesthetically pleasing products, also fuels market growth. Additionally, the trend of pet humanization has led to a surge in demand for luxury and designer pet accessories, as owners seek to pamper their pets with the same care and attention they give to themselves. The expanding e-commerce platforms and social media influence further boost market dynamics by making a wide variety of pet accessories easily accessible and promoting new trends and products among a larger audience. These factors collectively drive the robust expansion of the pet accessories market, ensuring its continual evolution and relevance in the lives of pet owners.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Pet Toys segment, which is expected to reach US$24.7 Billion by 2030 with a CAGR of a 7.5%. The Other Products segment is also set to grow at 6.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $13.6 Billion in 2023, and China, forecasted to grow at an impressive 8.9% CAGR to reach $7.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Pet Accessories Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Pet Accessories Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Pet Accessories Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Bed Bath & Beyond, Inc., Armitage Pet Care, DoggyMan H.A. Co., Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 167 Featured):
- Bed Bath & Beyond, Inc.
- Armitage Pet Care
- DoggyMan H.A. Co., Ltd.
- Canine Styles, Inc.
- Ancol Pet Products Limited
- Bob Martin UK Ltd
- Doskocil Manufacturing Company, Inc. (dba Petmate)
- Dalian Wanda Group
- Dogline
- EzyDog Australia Pty Ltd.
- Dobbies Garden Centres Limited
- Fetch Pet Products, LLC.
- Coastal Pet Products, Inc.
- Formula One Licensing BV
- CAROLE MARTIN COMFORT WEAR
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Bed Bath & Beyond, Inc.
- Armitage Pet Care
- DoggyMan H.A. Co., Ltd.
- Canine Styles, Inc.
- Ancol Pet Products Limited
- Bob Martin UK Ltd
- Doskocil Manufacturing Company, Inc. (dba Petmate)
- Dalian Wanda Group
- Dogline
- EzyDog Australia Pty Ltd.
- Dobbies Garden Centres Limited
- Fetch Pet Products, LLC.
- Coastal Pet Products, Inc.
- Formula One Licensing BV
- CAROLE MARTIN COMFORT WEAR
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 373 |
| Published | December 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 34.7 Billion |
| Forecasted Market Value ( USD | $ 55.4 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
