Latest News- Pet Accessories Market: Dogs is expected to lead the Animal Type segment during 2025-2029

The Pet Accessories Market is being driven by Increase in number of people owning pets and increased spending on pets

The Pet Accessories Market is expected to grow at a CAGR of 6.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 15.87 billion. In the pet accessories market, companies are innovating with smart solutions to cater to affluent pet owners. These offerings include advanced pet furniture such as smart beds, feeders, and connected collars. Investment in research and development enables the creation of high-tech pet beds that monitor pet weight, rest, and activity levels. These beds feature built-in scales, thermostatic climate control, and automatic temperature adjustment based on breed, age, and environmental conditions. This empowers pet owners to ensure their pets maintain optimal weight and comfort, enhancing their overall wellbeing. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Animal Type
  • Dogs
  • Cats
  • Others
• Product
  • Pet toys
  • Others
• Distribution Channel
  • Offline
  • Online
• End-user
  • Pet owners
  • Veterinary clinics
  • Pet grooming salons
• Price Range
  • Budget
  • Mid-Range
  • Premium
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
    • Japan
    • South Korea
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in number of people owning pets and increased spending on pets
• Availability of wide range of fashionable and multifunctional pet accessories
• Technology innovation and portfolio extension leading to product premiumization

However, the market also witnesses some limitations, which are as follows:

• Growing awareness of pet allergies among human beings
• Availability of counterfeit products
• Infrequent purchases and low replacement cycle

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Market Scope in Pet Accessories Market Research Report

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Research Analysis Overview

The pet accessories market is experiencing a surge due to the increasing pet adoption rate and the growing focus on pet wellbeing and healthy lifestyles. New product varieties cater to pet owners' needs, including grooming supplies, organic food, and toys. Grooming accessories address hair loss and tangles, while pet services and wearables ensure safety and comfort. Smart collars, furniture, beds, and feeders are popular choices for pet owners seeking to humanize their pets' living experience. Organic options are available for toys and food to promote pet health and wellness.

Market Research Overview

The pet accessories market is a significant segment of the larger household durables market, which encompasses categories such as consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. According to Technavio, the global pet accessories market is poised for growth due to several key factors. The increasing adoption rate of pets, particularly in developed regions, is driving demand for new and innovative pet accessories focused on pet wellness and comfort. Additionally, the expanding variety of pet accessories catering to diverse pet types and owner preferences is further fueling market growth. Pet owners are increasingly prioritizing their pets' health and happiness, leading to a surge in demand for high-quality pet accessories.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/