Pet Accessories Global Market is Projected to Reach $55.4 Billion by 2030: Pet Furniture Market Registers Rapid Growth

DUBLIN, June 29, 2023 /PRNewswire/ -- The "Pet Accessories: Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

The global market for Pet Accessories estimated at US$32.7 Billion in the year 2022, is projected to reach a revised size of US$55.4 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2022-2030.

Pet Toys, one of the segments analyzed in the report, is projected to record 7.4% CAGR and reach US$24.7 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Other Products segment is readjusted to a revised 6.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $12.9 Billion, While China is Forecast to Grow at 8.9% CAGR

The Pet Accessories market in the U.S. is estimated at US$12.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7.9 Billion by the year 2030 trailing a CAGR of 8.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.8% and 5.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.

Select Competitors (Total 167 Featured) -

• Ancol Pet Products Limited
• Beeztees
• Cycle Dog
• Petmate (Doskocil Manufacturing Company, Inc.)
• Ferplast S.p.A.
• Honest Pet Products
• Innovation Pet, Inc.
• MidWest Homes for Pets
• Central Garden & Pet Company
• Petstages, Inc.
• Rolf C. Hagen, Inc.
• Rosewood Pet Products
• Spectrum Brands Holdings, Inc.
• Simply Fido LLC
• The Hartz Mountain Corporation
• Worldwise, Inc.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of Covid-19 and a Looming Global Recession
• How the Year 2020 Was a Year of Astounding Disruption & Unbelievable Transformation
• COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022
• As Mass Vaccination Drives Get Underway Worldwide, Will It Change the Existing Economic Realities? & Is it Really the Silver Bullet We Were Waiting For?
• How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Number of COVID-19 Vaccinations (Per 100 People) As of February 2021 by country
• Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
• COVID-19 Impact on Pet Accessories Market
• COVID-19 Impact on Pet Accessories Market
• Pet Accessories Market Set for a Rapid Growth, Post COVID-19
• US and Europe Dominate the Regional Landscape
• Global Millennial Population by Select Country in Million: 2019
• Asia-Pacific (including China) Emerge as the Fastest Growing Region
• Population of Pet Owners in China (2020): Percentage Share of People Living with Dogs, Cats, Aquatic Animals, Rodents and Reptiles
• Increase in Pet Ownership to Spur Market Growth
• Global Pet Population: Number of Dogs and Cats in Million for the Years 2018 and 2021
• Pet Facts around the World: Snapshot
• Dogs & Cats: Major Categories of Pet Accessories Market
• Global Pet Dog Population (2021): Number of Pet Dogs by Select Countries (in Million)
• Global Pet Cat Population (2021): Number of Pet Cats by Select Countries (in Million)
• Pet Toys - A Key Growth Driver for the Pet Accessories Market
• Interactive Toys Find Favor among Pet Owners
• Popular Dog Toys in Brief
• Popular Cat Toys in Brief
• Competitive Landscape
• Pet Accessories - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Recent Market Activity
• Innovations
• WORLD BRANDS

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Increasing Spending on Pets across Countries to Benefit Pet Accessories Market
• Pet Humanization - A Pivotal Growth Driver for Pet Accessories Market
• Rise in Preference for Natural and Environment Friendly Pet Accessories
• Sustainable Pet Products Increases in Popularity
• Premiumization Bodes Well for Market Growth
• Growing Trend of Customization in Pet Accessories
• Technological Innovations and New Product Developments Maintain Growth Momentum
• Innovations in Dog Toys
• Robotic Cameras Gain Traction
• Advent of Smart Pet Accessories: A Key Trend
• Wearable Pet Devices Witness Increasing Popularity
• As the Trendsetter in Pet Industry, Steadily Expanding Demand for Pet Wearables in the US to Benefit Demand for Smart Collars: US Pet Wearable Market (In US$ Million) for the Years 2018, 2021 & 2023
• Pet Dogs Used as Stress Buster in Organizations
• Pet Grooming Products Gain Increased Popularity
• Covid-19 Transforms the Pet Grooming Landscape
• All Natural, Organic, Botanical Pet Grooming Products
• Competitive Landscape
• Offline Distribution Leads, Online Soars in Popularity
• Pet Collars and Beds - Significant Revenue Generators
• Select Flea Collars
• Select Cat Collars
• Select Smart Collar/ Tracking Devices for Cat
• Select Dog Bed Types
• E-Commerce Registers Dramatic Growth
• Global Pet Care E-Commerce Market by Product Type (in %): 2020E
• Online Channels Emerge as Bright Spot
• Robopets Make Foray into the Pet Accessories Market
• Pet Shampoo Market Moves Ahead to Witness Shiny, Bright Years Ahead
• Dog Products & Commercial Segments Rule Global Pet Shampoo Market
• Pet Furniture Market Registers Rapid Growth
• Customized Pet Furniture Wins Big
• Pet Care Goes Digital
• Fashionable & Multifunctional Pet Accessories Make a Cut
• Growing Urbanization and Middle Class Population in Developing Regions Enhance Prospects
• World Urban Population in Million and as Percentage of Total Population for the Period 1950-2050
• Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/y7zte5

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