- July 29, 2022
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Pet Accessories Market Size to grow by USD 9.20 billion | Technavio – PR Newswire
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NEW YORK, March 30, 2022 /PRNewswire/ — According to the report "Pet Accessories Market by Distribution Channel, Product, End-user, and Geography – Forecast and Analysis 2021-2025", the market witnessed a YOY growth of 5.70% in 2021 and a CAGR of 6% during the forecast period. The report is segmented by product (pet toys and others), end-user (dogs, cats, and others), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and MEA).
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Market Scope
The pet accessories market report covers the following areas:
Vendor Insights
The pet accessories market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
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Geographical Market Analysis
North America will provide maximum growth opportunities in the pet accessories market during the forecast period. According to our research, the region will contribute to 35% of the global market growth during the forecast period. The US is the key market for the pet accessories market in North America.
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Key Segment Analysis
The pet accessories market share growth by the pet toys segment will be significant during the forecast period. Pet owners prefer toys such as fishing rod toys for their pets. The market is growing at a large scale owing to factors such as product variations and the availability of wide options. The demand for natural and organic pet toys is growing because they are considered safe for pets.
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Key Market Drivers & Challenges:
The increase in the number of people owning pets is driving the market in focus. Subsequently, investments by pet owners toward food and grooming services have increased. During the forecast period, the number of people owning pets, such as cats and dogs, is expected to increase in both developed and developing countries.
Growing awareness of pet allergies is challenging the market in focus. Many animals carry harmful bacteria due to exposure to wind and water pollution. These diseases are often transmitted to humans, especially children. Moreover, many individuals are sensitive to dog dander, saliva, and urine, which can cause abnormal reactions in their immune systems. These factors tend to limit pet adoption and negatively impact the overall sales of pet care products.
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Key Highlights
Related Reports:
Automatic and Smart Pet Feeder Market by Product, End-user, Distribution Channel, and Geography – Forecast and Analysis 2021-2025
Automatic Self-cleaning Cat Litter Box Market by Product, Distribution Channel, and Geography – Forecast and Analysis 2021-2025
Pet Accessories Market Scope
Report Coverage
Details
Page number
120
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Accelerate at a CAGR of 6%
Market growth 2021-2025
USD 9.20 billion
Market structure
Fragmented
YoY growth (%)
5.70
Regional analysis
North America, Europe, APAC, South America, and MEA
Performing market contribution
North America at 35%
Key consumer countries
US, UK, Germany, and France
Competitive landscape
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Ancol Pet Products Ltd., Ferplast Spa, Inter IKEA Holding BV, Laroy Group, Pets Choice Ltd., Rolf C. Hagen Inc., Rosewood Pet Products Ltd., Spectrum Brands Holdings Inc., and Unicharm Corp.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Market Segmentation by Distribution channel
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us:
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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