Pet accessories market is set to witness high growth during 2021-2031. Demand for these accessories will witness steady recovery in the short term, with an optimistic growth outlook in the long run.
Increasing pet population owing to higher pet adoption rate and high expenditure on pet wellness are some of the key factors driving the market. Also, Manufacturers involved in introducing new product variety are adding new consumers to the business leading to increased market size.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Pet Accessories market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Pet Accessories market.
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Key Statistics Supporting the Surge in Pet Accessories Sales:
Following points below highlight important statistics pertaining to global pet population:
There are about 57% of household owning pets globally
Dogs are the most popular pets and more than 30% of the households have dogs with them
Almost seventy percent of households in the US have at least one pet out of which fifty percent owns a dog and thirty nine percent have cats
In Latin America, collectively Argentina, Mexico and Brazil have more than 50% of pet ownership
In the US the per capita expenditure on pet care is about US$ 162, whereas in Europe it is about US$ 80
Pet Accessories Key Market Players:
Some of the key players in the pet accessories market include Petco Animal Supplies, Inc., PetSmart, Inc., Hartz Mountain Corporation, Kong Company, PetEdge, Inc., Petcube, Inc., Hagen Group, Mars, Inc., Pet Valu, Inc., and PetSolutions.
Key Segments:
By Product Type
Grooming Products
Collars & Harness
Bedding & Feeding
Pet Toys
Pet Housing
Others
By Pet Type
Cats
Dogs
Horses
Others
By Distribution Channel
Online Retailing
Supermarket
Hypermarket
Specialty Stores
Modern Trade
Others
By Region
North America
US & Canada
Latin America
Brazil, Mexico, Argentina & Rest of Latin America
Europe
Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
East Asia
China, Japan, South Korea
South Asia
India, Thailand, Malaysia, Indonesia and Rest of South Asia
Oceania
Australia and New Zealand
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