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​​​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. 'Ancol Pet Products Limited', 'Bayer', 'Bed, Bath and Beyond', 'Blue Buffalo Co. Ltd.', 'Central Garden & Pet Company', 'Champion Petfoods LP', 'Hill’s Pet Nutrition Inc.', 'Leonard F Jollye', 'Mars, Incorporated', 'Muttluks Inc.', 'Nestle Purina PetCare', 'Petco', 'Petmate Holdings Co', 'PetSafe', 'Pettex Ltd.', 'Platinum pets, USA', 'Rosewood Pet Products', 'Rolf C. Hagen Inc.', 'Saturn Petcare GmbH', 'Spectrum Brands', 'Trail Blazers', 'The Hartz Mountain Corporation'

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.

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 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

Product ID: SQMIG55A2043

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