Pet Accessories Market Share, Trends, Growth, Sales, Demand, Revenue, Size, Forecast and COVID-19 Impacts to 2014-2026


Posted September 7, 2020 by industryprobe21

As per the report, outdoor accessories type segment was valued at US$ 1,260.9 Mn in 2018 and is expected to expand at a CAGR of 10.2% from 2019 to 2027.
 
According to a new market report published by Industry Probe (www.industryprobe.com) titled ‘Pet Accessories Market (Type: Outdoor Accessories [Muzzle, Collars, Leashes, and Others], Grooming Accessories [Toothbrush, Scrubbers, Dry Glove & Grooming, Hair Brush, and Others], Food Accessories [Bowls & Dishes, Feeders Ball, and Others], Clothing Accessories [Bow and Tie, Bandana, Jackets, Shirt & t shirt, and Others], and Others; Pet Type: Cat, Dog, Small Pet, and Others; Distribution Channel: Online [Company Owned Website and E- commerce Website] and Offline [Hypermarkets/Supermarkets, Pharmacies, Convenience Stores, and Brand Stores]) – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027,’ the global pet accessories market is expected to reach US$ 4,916.2 Mn by 2027and expand at a CAGR of 8.6 % from 2019 to 2027.
As per the report, outdoor accessories type segment was valued at US$ 1,260.9 Mn in 2018 and is expected to expand at a CAGR of 10.2% from 2019 to 2027. Additionally, collars sub-segment of the outdoor accessories type segment is expected to hold a major market share and grow at rapid rate during the forecast period. Rise in adoption of outdoor pet accessories is expected to fuel overall pet accessories market growth. Increase in awareness and growing accessibility to pet accessories have enhanced the growth of the market. Growing online shopping trend among users enables easy availability of such pet care products. Rise in awareness about proper health and wellness of pets across regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South America has resulted in the expansion of the global pet accessories market. Pets provide their owners emotional benefits too. The number of pet owners across the world is increasing and this is likely to have a positive impact on the global pet accessories market during the forecast period.
The report has segmented the pet accessories market in terms of type, pet type, distribution channel, and region. In terms of type, outdoor accessories is expected to be the most attractive segment during the forecast period. As compared to others pet accessories, outdoor pet accessories are the most preferred type. Pet collars prevent pets from neck injuries, and are used for training and other outdoor activities. In addition, they are made of soft fabric as opposed to metal. All these are expected to increase the demand for collars during the forecast period. Asia Pacific, especially China and India, are the target markets for disposable pet accessories. Product innovation, rise in population of pet owners and growing consumer awareness, increase in pet ownership, and growth in expenditure on animal healthcare are factors driving the pet accessories market in Asia Pacific. The global pet accessories market includes several players who are focused on the development of new products to cater to the changing consumer preferences.
The report includes below mentioned pointers of major players operating in the pet accessories market:
• Competition Matrix
• Company Overview
• Market Share Analysis (2018)
• Product Innovation
• Business Strategies / Recent Developments
• Technological advancements
• Key mergers and acquisitions
• Expansion strategies
• Company Financials
Some of the major players operating in the pet accessories market are featured in this report to give a better competitive analysis of the market and these include Ancol Pet Products., Masterpet, Petmate Holdings Co, Starmark Pet Products, Inc, Doggy Man H.A.Co.,Ltd., Ferplast SpA, Ethical Products, Inc, Rolf C. Hagen, Inc, Hangzhou Tianyuan Pet Products Co.,Ltd, Pet Brands Ltd and ComfyPet Products.

Originally published on - http://industryprobe.weebly.com/blog/outdoor-grooming-accessories-segment-is-expected-to-expand-at-a-cagr-of-102-between-2019-and-2027-industry-probe

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Categories Business , Consumer , Industry
Tags pet accessories industry analysis , pet accessories market analysis , pet accessories market research , pet accessories market size , pet accessories overview
Last Updated September 7, 2020