Global Pet Accessories Market

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.

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​​​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 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.  '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)'

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.

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.  

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Global Pet Accessories Market

Report ID: SQMIG35E2047

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