Pet Accessories Market Size to grow by USD 16022.9 million between 2024-2028
According to a research report “ Pet Accessories Market” by End-user (Dogs, Cats, Others) Product (Pet toys, Others) Distribution Channel (Offline, Online) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 16022.9 million, at a CAGR of 6.99% during the forecast period. The pet industry experienced a notable surge in 2021, with pet ownership and associated spending reaching unprecedented levels compared to the previous decade. This trend can be attributed to the growing cultural significance of pet ownership, transforming it into a status symbol. Pet expenditures extend beyond essentials like food and grooming, encompassing innovative and high-end products such as furniture. The American Pet Products Association reports that approximately two-thirds of US households own pets, and this demographic continues to invest substantially in their pets' well-being, including veterinary care, pet accessories, and premium pet food offerings.
Browse market data tables, figures, and in-depth TOC on “Pet Accessories Market” by End-user (Dogs, Cats, Others) Product (Pet toys, Others) Distribution Channel (Offline, Online) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By End-user, the Dogs segment is projected to dominate the market size in 2024
The pet accessories market is experiencing significant growth due to the increasing preference for pet toys that promote physical activity among pet owners, addressing concerns related to pet obesity. This trend is driven by the availability of diverse product offerings and the rising demand for natural and organic pet toys. Manufacturers are responding to this trend by utilizing raw materials such as cotton, hemp, natural rubber, natural dyes, BPA-free plastic, and wood to create safe and eco-friendly toys. For instance, Rosewood Pet Products, a leading vendor, caters to this demand with their range of biosafe toys for dogs, including the BioSafe Germ Smart Dog Toys, Apple Biosafe Toys, and Banana Biosafe Toys, among others.
By Product, Pet toys segment is expected to hold the largest market size for the year 2024
In the pet accessories market, dogs, being the most popular pet choice, account for a significant market share. With their size and requirements for space and attention, working professionals in urban households increasingly invest in pet furniture to ensure their dogs' comfort. Additionally, individuals residing in apartments without outdoor living spaces find dog ownership appealing, leading to increased demand for pet accessories. Although the adoption of pets such as birds and rabbits lags behind that of dogs and cats, their popularity is projected to grow during the forecast period, expanding the market scope for pet accessories catering to these species.
North America is forecasted to hold the largest market size by region in 2024
The Pet Accessories market represents a significant business opportunity, with growing demand driven by increasing pet ownership and rising disposable income. Consumers seek high-quality, functional, and stylish products for their pets, presenting a lucrative market for manufacturers and retailers. Key product categories include pet beds, toys, collars, leashes, and grooming tools. Market trends include eco-friendly materials, personalization, and smart technology integration. Strategic partnerships, product innovation, and effective marketing are essential for success in this competitive industry.
The Pet Accessories Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The pet accessories market is a thriving industry, catering to the needs of pet owners who prioritize their pets' health and wellbeing. With the increasing number of pet adoptions, the demand for pet grooming services, accessories, and supplies has surged. Pet owners are investing in high-quality grooming tools to prevent tangles and minimize hair loss, ensuring their pets maintain a hygienic and odor-free appearance. As pets age, their lifestong health becomes a priority, leading to a growing interest in organic food, vitamins, and other pet wellness products. New product varieties in pet grooming supplies, toys, beds, harnesses, leashes, and collars continue to emerge, offering pet owners more choices for their furry friends. However, with this newfound focus on pet accessories comes an expenditure that can add up quickly. Short-term solutions like grooming services can help manage dander and odor, while long-term investments in quality accessories contribute to a healthy lifestyle for pets. By prioritizing pet wellbeing, pet owners can ensure their beloved companions live happy, healthy lives.
Market Research Overview
The pet accessories market is experiencing significant growth as pet humanization continues to trend. Product innovation, premiumization, and humanization are key drivers in this industry, with a focus on pet hygiene and luxury segment offerings. Pet grooming and services, pet clothing, and nail clipping tools are popular product types, targeting both mass and luxury segments. Online payment applications, LTE service, and internet penetration have made it easier for customers to shop for pet accessories on e-commerce platforms. Smart devices, such as automatic pet feeders, connected pet collars, and smart beds, are increasingly popular in the pet accessories business. Small animals, including hamsters, are also part of this market, with a growing demand for pet services, especially in high-rise buildings and studio apartments. Online pet brands are capitalizing on the e-commerce industry's growth, offering a wide range of products from pet health care to designer pet accessories. Pet owners are spending more on preventive products, such as pet vitamins and organic food, to ensure their pets' healthy lifestyles. Pet adoption rates are increasing, leading to a larger consumer base for pet accessories. Leading manufacturers are focusing on production cost reduction through raw materials like cotton, hemp, plant-based fabrics, and recycled fabrics. The pet accessories business presents numerous business opportunities for entrepreneurs and pet organizations. Regular chores like trimming nails, cleaning ears, and brushing hair can be made more comfortable and stylish with innovative pet grooming accessories. In conclusion, the pet accessories market is a growing industry, driven by pet humanization, product innovation, and the increasing per capita expenditure on pets. With a focus on pet hygiene, luxury offerings, and smart devices, this market is expected to continue growing in the short term.
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