You are here
Global Pet Accessories Market - by Product, Pet, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2018 - 2025)
Pet Accessories Market - by Product, Pet, Region | Market Size, Growth, Drivers, Trends, Industry Structure and Forecasts | MarkGenes
The pet accessories market is witnessing a decent growth in the recent years due to increase in sales of pets in various countries. These accessories are easily available in supermarkets and can even be bought from e-commerce websites, which is growing in prominence
The global pet accessories market was USD 17.01 billion in 2018 and is estimated to reach USD 25.55 billion by 2025 at a CAGR of 5.98% during the forecast period. Housing and bedding segment will continue to be the dominant segment in the market during the forecast period
Growth by Region
North America will dominate the market followed by Asia pacific during the period. Latin America will show steady but positive growth in the forecasted period. Middle East and Africa will show a least growth in the market.
Drivers vs. Constraints
The growing awareness of the people regarding the pets’ upbringing and health plays a major driver in the market growth. The ease of availability of the accessories through online makes it simpler for pet owners to buy these accessories. The new technological innovations in the pet accessories also play an important driver for the market growth. For example- tech-based collars which track the location of pet when the pet is lost. Also new varieties of pet toys give more choices to pet owner to choose best for their pet. However, the rising prices of the accessories and pet related allergies hinder the market growth.
Industry Structure and Updates
• July 2018 - Bayer Animal Health and Tokyo-based Mitsui Chemicals Agro Inc. signed a global license agreement to develop and commercialize a line of anti-parasite products for pets. This combines the strong science base within Bayer with innovative chemistry which will enable further expansion of strong portfolio of parasitic ides in the companion animal sector and deliver new compelling products to the customers.
• June 2018 - All the products of James Wellbeloved products will be again available from bestpets depots and through online from next month, fulfilling the commitment made by the company. The venture will again function in the same way as it was functioning earlier.
• May 2018 - Caru Pet Food Co. launched a new type of dog food variety which will not only maintain the diet of the dogs but also keep the hydration balance of the dogs in hot and humid places. They have also launched a seminar where they educate pet owners about the pet health
Browse other Consumer Goods and Services reports at: https://markgenes.com/industry-reports/consumer-goods-and-services
MarkGenes Business Consulting
2nd Floor, Aditya Enclave,
Hyderabad - 500033
MarkGenes is a Market Intelligence and Business Consulting firm with Market Research as its core combining unparalleled experience, comprehensive capabilities across all industries and business functions while putting together the teams with strong functional knowledge and technical expertise.
Syndicate Research Reports
Our syndicated market research reports provide detailed coverage and market intelligence on categories of various industries. These reports are focused for broader industry audience for market traction. Latest happenings are tracked by our category specialists and are updated / modified every year, these updates are sent to the purchased client on a quarterly basis till one year of purchase.
Customized Research Reports
Our customized market research reports are a requirement from a specific client which focus on a specific agenda. Our industry contacts with experts, coupled with internal category specialists ensure that the requirement is fulfilled. Our quick turnaround time means the client will have enough buffer time to take understand and take necessary actions.