USD 24.6 Billion
Pet Accessories Market Size, Share, Growth Analysis, By Type(Pet Apparel, Pet Toys, House and Bedding, Carriers), By Pet Type(Dogs, Cats, Fish, Birds), By Distribution Channel (Offline Channels, Online Channels), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35E2047 |
Region:
Global |
Published Date: July, 2024
Pages:
182
|Tables:
89
|Figures:
78
Pet Accessories Market Insights
Global Pet Accessories Market size was valued at USD 24.6 Billion in 2022 and is poised to grow from USD 26.45 Billion in 2023 to USD 47.16 Billion by 2031, at a CAGR of 7.5% during the forecast period (2024-2031).
The global pet accessories market has seen a huge rise in recent times, especially in countries like UK, USA, France, Switzerland, Germany, Italy, Japan, China and others. The increasing availability of different attractive accessories catering to this large consumer base has led to market growth. Accessories include different kinds of toys, grooming essentials (like shampoo, conditioner, toothpaste), clothes, bedding, and muzzle, collars, harnesses.
Rise in the millennial population as pet owners, humanization of pets, increased knowledge on pet care, emotional aspects of pets, physical and mental wellbeing of pet keeping, increasing disposable income, lifestyle, even social media marketing are the key factors which are driving this market today. According to the American Pet Products Association, about 85 million homes own a pet, with pet ownership increasing from 56 % to 68 % in the last 30 years. Key manufacturers in the pet accessories market have taken to social media marketing at large to connect with their consumer base. Global pet events are conducted to encourage participation from pet owners, which creates a sense of community among customers. However, there is also increased competition, government restrictions, animal right organizations and rising cost of accessories which hinder the growth of this market.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Pet Grooming Products
Fastest Growth
Pet Grooming Products
Growth Rate
7.5% CAGR
Pet Accessories Market ($ Bn)
Country Share for North America Region (%)
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Pet Accessories Market Segmental Analysis
The global pet accessories market is segmented based on type, pet type, distribution channel, and region. By type, the market is segmented into pet apparel, pet toys, house and bedding, carriers, grooming products, collars and harnesses, and others. By pet type, the market is segmented into dogs, cats, fish, birds, and others. By distribution channel, the market can be segmented into offline channels and online channels. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Analysis By Type
The largest and fastest-growing market segment in the pet accessories market is held by pet grooming products. Pet grooming is an essential part of pet care. It helps their overall health, hygiene, and well-being. The pet accessory products which belong to this category are shampoo, conditioners, brushes, combs, nail clippers and grinders, ear cleaners, dental care products, wet wipes, etc. The pet grooming industry is continuously evolving, driven by the growing number of pet owners and the emphasis on pet care. Pet owners are increasingly willing to invest in grooming services and quality grooming products to ensure the health and happiness of their pets.
Analysis By Distribution Channel
The online channel of distribution is the dominating segment in the pet accessories market. Online marketing has seen a surge in recent years, being driven by the convenience of e-commerce as well as the willingness of pet owners to buy accessories online. Platforms like Amazon have become major players in the online market. Online marketplaces also allow small sellers to reach a vast number of consumers. Many pet accessory brands also have their own websites with loyalty programs, and tips and tricks to take care of the pets, which keep the customers coming back to them. This online method of distribution of pet accessories has also been the most rapidly growing one in the past few years, for the same reasons.
Pet Accessories Market By Type
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Pet Accessories Market Regional Insights
The dominating region in the global Pet accessories market is North America & Canada, which holds a significant market share. The dominance of this region is largely due to the high rate of pet ownership, string pet humanization trends, better pet training centers, availability of better vet clinics and a well-established pet care market. Moreover, the existence of multiple key players like PetSmart, Petco Animal Supplies, Chewy, Kong Company also drives the growth in this segment.
Asia-Pacific has been the fastest growing market in pet accessories. Countries like China, Japan and India have seen a rapid growth in the pet industry driven by the rising disposable incomes and changing attitude towards pets. This market is expected to continue its growth due to more families adopting pets as their own family. This obviously drives the pet accessory market.
Pet Accessories Market By Region
- Largest
- Fastest
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Pet Accessories Market Dynamics
Drivers
-
There is a growing trend of pet ownership in the world, especially in the developed countries. On of the major reasons is a cultural shift seen in today’s generation. According to the United Nations, a quarter of the population today are between the ages of 15 and 35 years. This millennial and Generation Z consumers today are more pet loving than their preceding generations. This generation also consists of the working class, so the rise in their disposable income allows them to spend more on pets. Pets are considered family members in most families, and hence the demand for good quality and attractive toys, grooming accessories, clothes, etc. comes into play. Pet owners are willing to invest more in the overall comfort and well-being of their pets. Apart from all this, pets are also seen as emotional support companions, giving even more reason to take care of them. All these factors have been major driving forces for the pet accessories market.
E-commerce and Social Media Influence
-
The rise of online platforms has revolutionized the pet accessories market. These platforms provide ease of use, a wide range of options, the ability to compare prices across multiple platforms, and doorstep delivery. Also, pet accessories are becoming increasingly innovative in terms of product design, technology, functionality, etc. This makes them more attractive for pet owners who are continuously looking out for new things for their pets. Social media marketing has also seen immense growth in the pet care sector. Social media is responsible for certain trends in pet accessories and creating demands for specific products.
Restraints
Competition and Market Saturation
-
The pet accessories market has numerous players who are competing based on innovation, marketing, and specialized products. Since the competition is so high, it is often difficult to make a mark with their launched products. Also, market saturation of certain products, for example, kibble for dogs, force companies to put them at competitive pricing, which often reduces the profit margin.
Market Uncertainties
-
Recent periods of uncertainties in the market, for example the pandemic or the war, have impacted the demand and thereby production of many non-essential items. Pet accessories were one of them. Pet accessories market is also seasonal. Demand for pet toys and clothes often rises only during occasions, or seasons. Rapid changes in consumers preferences are also another factor which poses challenges. Companies must constantly upgrade their products and bring in innovation to keep a customer loyal to their products.
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Pet Accessories Market Competitive Landscape
The pet accessories market is characterized by the mix of established players, many new entities, and specialized brands. Companies are expanding their portfolios in the market by launching innovative and attractive pet care products. Many established players are also trying to widen their customer base by catering to not only the common pet types like dogs and cats but also to guinea pigs, rabbits, birds, fishes, etc. There is also a trend of partnerships and collaborations with luxury fashion brands for launching premium pet care products. Numerous startups focus on offering niche and specialized products, eco-friendly items and smart devices for pets. The key to success in the pet accessories industry involves a combination of product innovation, effective marketing, and an understanding of pet owners' changing needs and preferences.
Top Player’s Company Profile
- Nestlé Purina Petcare (Switzerland)
- Mars Petcare Inc. (United States)
- Hill's Pet Nutrition, Inc. (United States)
- Spectrum Brands Holdings, Inc. (United States)
- Petco Animal Supplies, Inc. (United States)
- PetSmart, Inc. (United States)
- Central Garden & Pet Company (United States)
- Beaphar (Netherlands)
- Aller Petfood AS (Norway)
- Petmate Holdings Co. (United States)
- Rosewood Pet Products Ltd. (United Kingdom)
- Rolf C. Hagen Group (Canada)
- Ancol Pet Products Limited (United Kingdom)
- HUNTER International GmbH (Germany)
- Kong Company LLC (United States)
- Chuckit! (United States)
- Nylabone Products (United States)
- Ethical Products, Inc. (United States)
- Flexi USA Inc. (United States)
- Rogz (South Africa)
Recent Developments
- In December 2023, Hedi Slimane, the Creative Director of Celine, a French luxury brand, has launched a Dog accessories collection. This launch includes a number of items likes leashes, collars, food bowls, beds, blankets and soft toys. A wide dog leash from the collection, made of smooth calf skin with studs is priced at about USD 100
- In November 2023, the denim brand True Religion has announced that it will launch its first collection for dogs and cats in Spring 2024 through the licensing partner Weisner Products Inc’s pet division called Paw NYC. Products to be launched include pet apparel, beds, toys, collars, leashes, harnesses, feeders, and cold weather accessories. Two seasonal collections will be produced annually.
- In October 2023, PSP group’s business Pet Supplies Plus and Wag N’ Wash have entered into a partnership with the sustainable solutions provider TerraCycle for a new in-store recycling programme. This recycling programme will facilitate a convenient and free way for the pet owners to provide a second life for any brand of pet food packaging.
Pet Accessories Key Market Trends
- Premium Pet Products: Pet owners are increasingly investing in high-quality and premium pet accessories. This includes designer pet clothing, gourmet pet treats, and luxury pet furniture. Multiple luxury brands are doing partnerships with pet product brands or launching their own accessories collections. Pet owners are also looking out for unique and tailor-made products, including personalized pet beds, engraved collars, and customized apparel. Hence, customized pet products are on the rise.
- Smart Pet Accessories: There are tons of AI tools which pet parents will be using in the coming year. Wearable technologies like smart collars are already popular and smartphones are an important part of pet accessories. Pet owners can use their phones to have virtual vet visits or track the health and habits of their pets. Interactive play and training gadgets like “Companion” are also in the launch pipeline. Apart from this, pet trackers, automatic feeders and health monitoring tools are popular smart accessories available now. Smart collar enables GPS tracking, in case the pet gets lost.
- Sustainable and Eco-friendly Products: As sustainable lifestyle is becoming more and more important for human beings; it is being extended towards their pets too. There is a rise in demand for eco-friendly and sustainable pet accessories in the market, for example bio-degradable pet wipes. Consumers prefer recycled products, or products with minimum environmental impact. Many are shifting from kibbles and readymade food to home cooked meals, to reduce the overall carbon footprint. Even dog food and dog supplements have become more sustainable. Many brands are now-a-days being created with only this in mind.
Pet Accessories Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global pet accessories market analysis, there are several factors like rising income, increasing pet ownership, increased online marketing, etc. which shape the path of pet accessories market. The global market is poised for dynamic growth due to these reasons. All pets need to be taken care of, and hence pet grooming products are the most dominant as well as the most rapidly increasing market segment amongst all types of pet accessory products. Also, pet accessories for Dogs as pets hold the major share in the market, whereas that for cats is rapidly growing now a days. Online and social media marketing have greatly influenced this market, they have turned out to be the dominant as well as fastest growing distribution channel of pet accessories. North America remains the largest market, whereas Asia-Pacific region is the rapidly growing one. The landscape of this market shows very close competition between leading players like Nestle Purina Petcare, Mars Incorporated and Chewy. One significant trend that is shaping the future of the pet accessories market is the use of smart devices for pet tracking and health monitoring. The pet accessory market is diverse, with numerous players catering to the various needs and preferences of pet owners globally. Understanding these drivers is crucial for businesses operating in the pet accessories market. Adapting to the changing consumer requirements, incorporating sustainable practices, and staying innovative are key strategies for success in this industry.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 24.6 Billion |
| Market size value in 2031 | USD 47.16 Billion |
| Growth Rate | 7.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Pet Accessories Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Pet Accessories Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Pet Accessories Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pet Accessories Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pet Accessories Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pet Accessories Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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