Pet Accessories Market is segmented By Product Type (Pet Housing, Pet Bedding, Pet Collars, Pet Harnesses, Pet Feeding and Utensils, Pet Toys, Pet Clothing, Others (Pet Apparel)), By Pet Type (Dogs, Cats, Birds, Reptiles, Others), By Distribution Channel (Online Channel, Offline Channel (Super Markets, Specialty Stores, Others (Convenience stores), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024- 2031
Pet Accessories Market Overview
The Global Pet Accessories Market is expected to grow at a CAGR of 5.60% during the forecasting period (2024- 2031).
Pet accessories are products which are used for the nourish, care, hygiene and other related purposes of pets. For instance, in the case of dogs, pet accessories include collars, leashes, beds, Kennel, toys, grooming equipment, etc.
Pet Accessories Market Scope
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Metrics |
Details |
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Market CAGR |
5.60% |
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Segments Covered |
By Product Type, By Pet Type, By Distribution Channel, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Pet Accessories Market Dynamics
The increasing number of pet owners and the growing fondness and prevalence of natural and eco-friendly pet accessories are expected to drive the market in forecast period. Demand for pet accessories and rising disposable incomes of the population, and increasing spending on pet accessories and pet care are likely to propel the market in the foreseeable future.
Increasing number of pet ownerships increases the demand for pet accessories products which is expected to increase the market's growth in the forecast period. According to the Canadian Animal Health Institute, the dog population in Canada in 2020 is 7.7 million increasing from 7.6 million in 2018 whereas the cat population stabilised. The report also shows that 58% of Canadian households own at least one dog or cat. Over the last ten years, the number of cats and dogs has increased by about 10% in Canada. According to the European Pet Food Industry Federation in 2020, in Europe, pet owning households 85 million and the turnover of pet food products reached €21 billion.
Pet ownership has proven benefits to people's physical and mental health and is a key driving factor for many people adopting pets. It is serving as a critical factor boosting the global pet accessories market in the forecast period.
However, the global Pet Accessories market's growth is impacted by factors such as increased sensitivity of humans to pets and rising pet allergies.
Covid-19 Impact on Pet Accessories Market
The global crisis has not affected the market as was projected due to the disruption in the supply chain and the customers becoming more conscious about the spread of the virus. According to petpedia website statistics 70% of pet owners spent more time with their pets during the lockdown and social distancing and 64% of them spent the same amount of money as before the pandemic. However, 21% of pet owners splurged even more on their pets than pre-pandemic. With increasing prevalence of work-from-home culture, there is expected to be surge in potential owners for companionship.
Pet Accessories Market Segment Analysis
The market is segmented as dogs, cats, birds, reptiles, and others based on the pet type. Pet accessories for dogs are expected to grow positively in the forecast period owing to their widespread adoption across the world.
According to APPA’s (American Pet Products Association) 2019-2020 National Pet Owners Survey, about half of U.S. households own a dog and millennials own the most dogs among all generations. Moreover, the survey further states that dog owners spend $73 a year on accessories and grooming around the world.
According to the World Animal Protection organization in 2018, Norwegians spend the most money nourishing their dogs-roughly $629 a year. Brazil has the highest number of small dogs. Saudi Arabia has the world’s highest proportion of big dogs, with 70% of its dog population belonging to a large breed. Furthermore, 76 % of the dogs in Australia are kept indoors, providing huge pet accessories opportunities.
As per the latest figures on statista website in 2018, in China, the dog population reached 84.6 million in 2017 from 55.4 million in 2013 and is projected to reach 136,109,000 by 2022.
Moreover, according to the FEDIAF (European Pet Food Industry Federation) report in 2020 there are 90 million dogs in Europe. According to statista, in 2020, in the UK, 33% of the households have a dog, with an estimated population of 12 million pet dogs. Increasing concerns over the dog’s health and rising spending’s on their comfort is a major factor expected to augment the growth of the market in the forecast period.
Pet Accessories Market Geographical Share
The Global Pet Accessories Market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
The North American region is the dominant region of the global pet accessories market owing to the high pet ownerships in countries like the US and Canada and rising disposable incomes coupled with increasing spending’s on pet accessories by people of the US.
The III(Insurance Information Institute) 2020 report on pets in USA describes the market in the region. There are 89.7 million dogs, 94.2 million cats,158.1 million fishes and 20.3 million birds as pets owned. The report also informs that for the year 2019, the total pet expenditures for the year 2019 totalled to be 75.38 billion dollars.
According to a survey report published by Pet secure Australia, pet ownership in the US has tripled since the 1970’s and more than half of all Americans have a dog or a cat in their home. Furthermore, Americans spend over $50 billion per annum on their pets, and 36% of Americans give their pets birthday presents. 9 in 10 Americans say they consider their pet to be a part of their family, and close to 555,000 people have adopted snakes as their pets.
According to worldatlas website 2021 report, USA has 75.8 million dogs more than Brazil and China combined, which are next on the list and respectively have 35.7 and 27.4 million dogs.
Owing to these factors, the North American pet accessories market is expected to dominate the forecast period's global pet accessories market.
Pet Accessories Market Companies
The major players that influence the market are Hyper Pet LLC, Cycle Dog, Beaphar, Mid-West Home for Pets, Simply Fido, Outward Hound, Bob Martin UK, Bestpets, Hagen and Creature Comfort Co.
New product launches, expansion of facilities, mergers, acquisitions, and strategic partnerships are vital strategies adopted by most companies to contribute to their growth and improve their market growth rate.
For instance, in Sep 2020, Beaphar launched “Beaphar BIO Shampoo Range”. The new shampoos contain natural ingredients and are packaged in recyclable tubes; thus, dog owners can make a more sustainable choice, providing care for both their dog and the environment.’
Another instance, in May 2019, Bingin Dog Accessories announced the debut of a premium collection of dog collars and leashes made of neoprene material designed for optimal ease, comfort, and style.
In Dec 2018, OurPet’s company a leading pet supply company, announced a merger agreement with wholly-owned subsidiaries of Hyper Pet LLC , a leading pet accessories company. As said by the CEO of OurPet’s, the company will continue to develop and market high quality, innovative products for improving the health, safety, comfort and enjoyment of pets.
