USD 5.70 billion
Report ID:
SQMIG25K2056 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
66
|Figures:
64
Pet Clothing Market size was valued at USD 5.70 billion in 2019 and is poised to grow from USD 6.01 billion in 2023 to USD 9.18 billion by 2031, growing at a CAGR of 5.44% in the forecast period (2024-2031).
Pet clothing is wearable garments specially designed for pets. The pet market has progressively evolved over the previous 25 years, moving from a simple yet significant industry to a complicated, booming one. Over the years, owners are spending more & more on their pets calling themselves pet father, mother or pet parent. Due to lack of social interaction during pandemic the ownership of pet increased also people without children find solace and emotional fulfilment in adorning their pets.
US Pet Clothing Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 5.70 billion
Largest Segment
Shirts
Fastest Growth
Skirts & Tops
Growth Rate
5.44% CAGR
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The Global Pet Clothing Market segmentation is based Pet Type, Clothing Type, and Region. Based on Pet Type the market is segmented into Dogs, Cats and others. Based on Clothing Type the market is segmented into Shirts, Skirts & Tops, Jackets & Hoodies and Sweaters, Boats & Clippers and other accessories. Based on Region the global pet clothing market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Pet Clothing Market Analysis by Clothing Type
Skirts & Tops had the biggest market share in 2021, and are predicted to grow at a considerable CAGR during the forecast period. Clothing is predicted to expand the most during the forecast period. The dog is protected from the cold by wearing sweaters and jackets. As a result, the market is projected to be driven by rising demand for warm garments to protect dogs from the cold.
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In 2021, the North American region had highest share in the global pet clothing industry in the coming years. This is mainly due to rise in investing capacity of the pet parents and due to influence of celebrities in this region. Asia pacific market is forecasted to show rapid growth in near future due to rapid growth in awareness among the pet parents about pet care products and a greater number of middle-class families adopting pets.
According to data from IRI All Outlet Panel, multiple pet parents have visited the stores. And 7 out of 10 households have adopted pet. According to another research from Finn Cady, more than 40% of dog owners and 25% of cat owners have purchased clothing or costumes for their pets. Half of dog owners and approximately one third of cat owners celebrate a pet’s birthday with a treat or gift and nearly one fourth of dog and cat owners give their pets a gift or treat to celebrate Halloween concluding that the buying pattern is greatly influenced by the social, private and seasonal events.
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Pet Clothing Market Driver
There is an increase in adoption of pets post covid-19 pandemic. Nuclear family and rising disposable income of people and finding a companion to a bonding with furry friend has resulted into increased rate of pet adoption. These owners call themselves as pet parent and has got attached emotionally to their pets. Thereby, increasing investment on the accessories and other products for their pet. The people not having children’s satisfy their emotional needs of having a child by adopting a pet and dressing them.
Celebrities across the world are influencing the people by dressing their pets and showcasing emotional connection with the pets. Many celebrities have even started their own business of pet products. There are various pet fashion shows which have grabbed attention of influencers such as New York Pet Fashion Show which features catwalk of the pets.
Pet Clothing Market Restraint
Millennial are able to incur high costs of the luxury items but majority of the people are middle class and due to which the high cost of the products somewhat hampers the growth of the global pet clothing industry.
Naturally dogs, cats and other pets have coating around them for the protection. Dressing them can cause stress, hair loss and itching. Improper clothing material and the size of the cloth restricts the movement of the pet which results into improper behaviour.
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The key players in the Pet Clothing market are working on continuous research and development as the presence of multiple global, regional, and local companies, the pet clothes and accessories market is fragmented in nature. To achieve a competitive advantage in the market, companies are implementing technological improvements and offering novel products. Companies are even trying to merge in order to expand their product portfolio.
Pet Clothing Market Top Players Company Profiles
Pet Clothing Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, by Pet Type, the Dog segment dominated the global Pet Clothing market in 2021 and is anticipated to maintain its dominance throughout the forecast period. By Clothing type, jackets and hoodies held the largest share due to weather conditions and growing owners’ concern regarding pet health. North America dominated the global pet clothing market owing to the rise in spending power of pet owners and the influence of celebrities.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 5.70 billion |
Market size value in 2031 | USD 9.18 billion |
Growth Rate | 5.44% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Pet Clothing 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 Clothing 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pet Clothing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pet Clothing 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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Report ID: SQMIG25K2056
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