The pet accessories market has been witnessing expansion in the past few years, as the number of pet-related services have increased drastically. Pet accessories are available in different colors, sizes, materials, shapes, and portability options. Additionally, some pet accessories are easily washable. All these advantages and features make pet accessories highly popular globally. Pets are primarily kept for protection, entertainment, and company. Moreover, pets provide their owners with emotional benefits. All these factors are expected to increase the number of pet owners across the world, thus driving the global pet accessories market during the forecast period.
Asia Pacific pet accessories market is expected to witness rapid growth during the forecast period due to a rise in the adoption of dogs as pets. Additionally, growth in purchasing power has also resulted in an increase in awareness of the health and hygiene of pets, thus fueling the growth of the Asia Pacific pet accessories market.
Growing preference for natural and eco-friendly pet accessories among pet owners
Smart accessories help pet owners to keep pets entertained when they are home alone. Manufacturers are introducing with smart accessories and toys for cats and dogs. For instance, smart collars are a smartphone-controlled ball that uses a built-in camera, Bluetooth, and Wi-Fi to allow the pet owner to maneuver it remotely. The Pet owner can also select an auto-play feature to keep the pet entertained.
Pet owners treat their pets as family members. Furthermore, the demographic shift toward smaller households has encouraged consumers to adopt feline or canine companions. Additionally, increasing incomes have also encouraged families to indulge in pets and provide more facilities for their pets.
The increasing trend of pet grooming is influencing the market growth. There are various services, which can help pet owners to connect with their pets. Frequent moveable pet groomers, which are capable of performing pet grooming activities as per the convenience of pet owners, are also influencing the market growth. Furthermore, increasing the adoption of pets by single parents or childless parents is also likely to create opportunities for market growth during the forecast period.
Rapid implementation of stringent government policies for the better health of animals in emerging countries, such as India and China, is anticipated to drive the demand and create significant opportunities for the market during the forecast period.
Growing sensitivity toward pets in humans is a key factor restraining the global pet accessories market
The global pet accessories market has been segmented based on type, pet type, distribution channel, and region.
In terms of type, the global pet accessories market has been divided into outdoor accessories, grooming accessories, food accessories, clothing accessories, others. The outdoor accessories segment has been further classified into muzzle, collars, leashes, and others. Grooming accessories segment has been further sub-divided into toothbrush, scrubbers, dry glove & grooming, hairbrush, and others. The food accessories segment has been sub-divided into bowls & dishes, feeder’s ball, and others. The clothing accessories segment has been further divided into bow and tie, bandana, jackets, shirt & t-shirt, and others.
In terms of pet type, the global pet accessories market has been classified into a cat, dog, small pet, and others
Based on the distribution channel, the global pet accessories market has been bifurcated into online and offline, where the online segment has been sub-segmented into a company-owned website and e-commerce website. The offline segment has been sub-divided into hypermarkets/ supermarkets, brand stores, and specialty stores.
In terms of region, the global pet accessories market has been classified into North America (U.S., Canada, and Rest of North America), Europe (U.K., Italy, France, Germany, and Rest of Europe), Asia Pacific (India, China, Japan, South Korea, Malaysia, Australia, and Rest of Asia Pacific), Middle East & Africa (GCC, South Africa, and Rest of the Middle East & Africa), and South America (Argentina, Brazil, and Rest of South America). Europe is expected to hold a major share of the global pet accessories market, followed by North America. An increase in awareness about pet care is expected to boost the pet accessories market in the region. Moreover, the rising adoption of pets across South America and the Asia Pacific is expected is fuel the market growth during the forecast period.
The pet accessories market is fragmented due to the presence of several players. Competition is expected to intensify in the near future with the entry of several local players. Some of the key players in the global market are Ancol Pet Products, Petmate Holdings Co, Doggy Man H.A.Co.,Ltd, Ethical Products, Inc, Hangzhou Tianyuan Pet Products Co.,Ltd, ComfyPet Products, Masterpet, starmark Pet Products, Inc.. Ferplast SpA, Rolf C. Hagen, Inc., etc.