DUBLIN, April 17, 2024 (Globe Newswire) — 'Pet Accessories – Global Strategic Business Report' added. ResearchAndMarkets.com Recruitment.
The global pet accessories market, estimated at USD 34.7 billion in 2023, is projected to reach a revised size of USD 55.4 billion by 2030, at a CAGR of 6% over the analysis period 2023-2030. grow in
Pet toys, one of the segments analyzed in the report, is expected to register a CAGR of 6.5% and reach USD 24.7 billion by the end of the analysis period. The growth rate of the other pet products segment is estimated to be 5.6% CAGR over the next eight years.
The US pet accessories market is estimated at USD 13.6 billion in 2023. China, the world's second largest economy, is expected to reach a projected market size of USD 7.9 billion by 2030, followed by a CAGR of 7.8%. The analysis period is from 2023 to 2030.
Other notable geographic markets include Japan and Canada, which are expected to grow by 5.1% and 5.2%, respectively, from 2023 to 2030. Among Europe, Germany is projected to grow at a CAGR of approximately 5.5%.
Main topics covered:
Market overview
- After the new coronavirus infection, the pet accessories market aims for rapid growth
- The United States and Europe dominate the regional landscape
- Asia Pacific (including China) emerges as fastest growing region
- Increasing number of pets is driving market growth
- Facts about pets around the world: a snapshot
- Dogs and Cats: Key Categories in the Pet Accessories Market
- Pet Toys – Key Growth Drivers of the Pet Accessories Market
- Interactive toys are popular with pet owners
- Overview of popular dog toys
- Overview of popular cat toys
- competitive environment
- Pet Accessories – Global Major Competitors Market Share Percentage in 2023 (E)
- Competitive Market Presence – Strong/Active/Niche/Mediocre (E) for Players Worldwide in 2023
- Recent market activity
- innovation
- world brands
Focus on carefully selected players (167 players in total)
- Bed Bath & Beyond Co., Ltd.
- armitage pet care
- Doggyman HA Co., Ltd.
- Canine Styles Co., Ltd.
- ANKOL PET PRODUCTS LIMITED.
- Bob Martin UK Ltd
- Doskocil Manufacturing Company, Inc. (dba Petmate)
- Dalian Wanda Group
- dog line
- EzyDog Australia Pty Ltd.
- DOBIES GARDEN CENTERS LIMITED.
- Fetch Pet Products, LLC.
- Coastal Pet Products Co., Ltd.
- F1 License BV
- carol martin comfort wear
Market trends and drivers
- Increase spending on pets across countries, benefiting pet accessories market
- Pet humanization – a pivotal growth driver for the pet accessories market
- Growing preference for natural and eco-friendly pet accessories
- Sustainable pet products grow in popularity
- Premiumization bodes well for market growth
- Growing customization trend for pet accessories
- Maintaining growth momentum through technological innovation and new product development
- dog toy innovation
- Robot camera attracts attention
- The emergence of smart pet accessories: a key trend
- Witness the growing popularity of wearable pet devices
- As a trendsetter in the pet industry, the demand for pet wearables in the US is steadily expanding, contributing to the demand for smart collars: US Pet Wearables Market in 2018, 2021 and 2023 (US$ million)
- Pet dog used as a stress reliever within the organization
- Pet grooming products grow in popularity
- All-natural, organic, botanical pet grooming products
- competitive environment
- Offline distribution takes the lead, online popularity soars
- Pet collars and beds – a great source of income
- Choose a flea collar
- Choose a cat collar
- Choose a smart collar/tracking device for your cat
- Choose your dog bed type
- E-commerce records dramatic growth
- Online channels show bright spots
- Robopet enters the pet accessories market
- Pet shampoo market moves forward with bright years ahead
- Dog supplies and commercial sectors dominate the global pet shampoo market
- Pet furniture market records rapid growth
- Customized pet furniture is a huge success
- Digitalization of pet care
- Create fashionable and multifunctional pet accessories
- Urbanization and growing middle class population in developing regions improve future prospects
- World urban population (in millions) and % of total population, 1950-2050
- World middle class population (in millions) and share of total population: 2005, 2015, 2025, 2035
Key attributes:
| report attributes | detail |
| number of pages | 373 |
| Forecast period | 2023-2030 |
| Estimated market value in 2023 (USD) | $34.7 billion |
| Projected market value to 2030 (USD) | $55.4 billion |
| compound annual growth rate | 6.9% |
| Target area | global |
New reporting features
- Full access to influencer engagement statistics
- Free access to digital archives and research platforms. The unique platform is fully enabled to unleash the creativity and market knowledge of subject matter experts from around the world in a cohesive and collaborative manner. State-of-the-art tools provide a world-class market perspective while protecting participant privacy and identity. The numbers, statistics, and market stories within the report are based on fully curated insights shared by experts and influencers in the field.
- Opportunity to participate in interactive surveys with real-time data simulator tools and bespoke report generation capabilities
- Full client access to a peer collaboration and interactive platform for smart idea exchange between businesses
- 1 year of free report updates
- Covering global market share of competitors and key players
- Player market presence analysis across multiple regions (Strong/Active/Niche/Minor)
- Access to selected YouTube video transcripts of subject matter expert/influencer interviews, podcasts, press statements, and event keynotes.
For more information about this report, please visit https://www.researchandmarkets.com/r/r18y5x.
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