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Pet Accessories Market Is Set to Witness High Growth by 2031
5 months ago
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Pet Accessories Market Is Set to Witness High Growth by 2031

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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https://www.factmr.com/connectus/sample?flag=S&rep_id=6355

 

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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