pet clothing market
In 2021, the United States was the largest market in North America and is expected to reach $1,668.3 million by 2031
Rising awareness and rising popularity of pet clothing installed with tick repellent is expected to be the upcoming trend in the global pet clothing market. -Roshan Deshmukh
5933 NE WIN SIVERS DRIVE, PORTLAND, OR, USA, March 18, 2023 /einpresswire.com/ — According to a new report released by Allied Market Research, titled “Pet Clothing Market by Product Type, by Product Type, ‘Pet, by Distribution Channel, by Pet Owner: Global Opportunities Analysis and Industry Forecast, 2021-2031′. The report provides a detailed analysis of major investment pockets, top winning strategies, drivers and opportunities, market size and estimates, competitive landscape and changing market trends. Pet Apparel Market’ Pet Apparel Market was valued at USD 5.19 Billion in 2021 and is projected to reach USD 7.66 Billion by 2031, growing at a CAGR of 4% from 2022 to 2031.
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The pet apparel market is witnessing growth owing to the increase in the number of pet owners globally owing to the increase in consumer disposable income and increased awareness of health benefits to have a companion. Major factors driving the growth of the global pet clothing market include increasing trend of nuclear families, rapid humanization of pets, and increased awareness of pet health. Rising number of pet owners among Millennials and Gen Z along with rapid penetration of social media and e-commerce platforms across the globe are driving the growth of the pet care market significantly of company.
According to the pet clothing market analysis, the market is segmented on the basis of product type, pet type, distribution channel, pet owner, and region.
Based on product type, the market is divided into shirts and tops, coats and jackets, sweaters and hoodies, and others. Based on the type of pet, the market has been divided into dogs, cats and others. According to distribution channel, it is segmented into offline and online channels. On the basis of pet owner, it is segmented into Gen X, Millennial, Baby Boomer, Gen Z, and Builder. Regionally, the pet clothing market is analyzed across North America, Europe, Asia Pacific, and LAMEA.
By product type, shirts and tops were the dominating segment with around 37.2% pet apparel market share in 2021 and are expected to maintain their importance during the forecast period. Sweater and hoodies are expected to be the fastest growing segment, owing to the growing demand for sweaters and hoodies in cold climate regions like Europe. According to the American Society for the Prevention of Cruelty to Animals (ASPCA), animals with very short hair such as greyhounds, whippets, chihuahuas and miniature pinschers should wear sweaters and hoodies because they are vulnerable at cold temperatures.
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Based on the pet clothing market demand, by distribution channel, the online segment is estimated to be the fastest growing segment during the forecast period. This is attributed to the growing adoption of smartphones and growing internet access. According to the International Telecommunications Union (ITU), around 4.9 billion people used the Internet in 2021, worldwide.
Based on the pet clothing market trends, by pet type, the market was dominated by the dog segment. Mass adoption of dogs and increased spending on dog clothes has fueled the growth of this segment across the globe. According to the latest data from the European Pet Food Industry Federation (FEDAIF), there are 92 million dogs as pets in Europe and according to the American Pet Products Association (APPA) survey in 2021, 69 million homes in America have dogs as pets. .
By pet owner, the millennial segment dominated the market in 2021. Millennials are the largest demographic of pet owners in the United States and globally. According to the American Pet Product Association (APPA), 32% of pet owners in the United States are millennials.
Regionally, North America dominated the global pet apparel market in 2021. The mass adoption of pets, the growing trend towards humanization of pets, and the increase in Spending on pets is the major driver of the North American pet apparel market. According to the American Pet Products Association, more than 65% of American households own a pet.
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Main benefits for stakeholders:
○ This report provides quantitative analysis of market segments, current trends, estimates and demand dynamics of the Pet Clothing market from 2021 to 2031 to identify opportunities in the Pet Clothing market company.
○ Market research is offered with information related to key drivers, restraints, and opportunities.
○ Porter’s Five Forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.
○ In-depth analysis of the Pet Clothing market segmentation helps to determine the existing market opportunities.
○ Major countries in each region are mapped according to their contribution to global market revenue.
○ Positioning of market players facilitates benchmarking and provides a clear understanding of the current position of market players.
Reasons to buy:
. Acquire strategically important competitor information, analysis and intelligence to formulate effective R&D strategies.
. Recognize emerging players with a potentially strong product pipeline and create effective counter-strategies to gain competitive advantage.
. Classify potential new customers or partners into the target demographic.
. Develop tactical initiatives by understanding the focus areas of leading companies.
. Plan mergers and acquisitions meritoriously by identifying the best manufacturer.
. The report will be updated with the latest data and delivered to you within 2-4 business days of ordering.
. Suitable to support your internal and external presentations with reliable high quality data and analysis.
. Create regional and national strategies based on local data and analysis.
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David Correa
Allied Analytics LLP
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