Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 10.64 Billion | USD 18.75 Billion | 6.5% | 2023 |
The global dog clothing & accessories market size was worth around USD 10.64 billion in 2023 and is predicted to grow to around USD 18.75 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.5% between 2024 and 2032.
The term "dog clothing & accessories" describes clothes and accessories made especially for dogs. They give animal partners security, comfort, and style while also fulfilling functional needs. T-shirts, gowns, costumes, and accessories like bandanas, ribbons, and hats are examples of pet clothing. To protect them from the cold, rain, and moisture, they also include practical apparel like coats, sweaters, jackets, and raincoats. However, protective gear like life jackets and visibility vests are meant for water sports and nighttime walks, while boots or paw protectors shield their paws from hot pavement or sharp objects. To accommodate a variety of requirements and tastes, they are offered in a broad range of materials, sizes, and styles.
Increasing pet ownership drives market growth
Pet ownership is becoming more and more popular worldwide, particularly in industrialized nations. One of the main causes is the generational cultural transition that is occurring today. A quarter of the world's population, according to the UN, is between the ages of 15 and 35. Consumers of Generation Z and Millennials are more pet-loving than those of previous generations. Since the working class makes up a large portion of this generation, their increased spare income permits them to spend more on pets. Since most households view their pets as members of the family, there is a need for stylish and high-quality toys, clothing, grooming products, and other items. More money is being spent by pet owners to ensure the general comfort and welfare of their animals. In addition to all of the above, pets are viewed as emotional support systems, which adds even more justification for proper pet care. The market for dog apparel and accessories has been significantly influenced by each of these elements.
Competition and market saturation hinder market growth
Many companies in the pet accessory market compete with one another through marketing, innovation, and specialty products. With the intense competition, it might be challenging to establish a name for newly launched items. Additionally, firms are forced to provide their products at competitive prices due to market saturation of particular products, such as dog chow, which frequently lowers the profit margin. Thus, this is expected to hamper the dog clothing & accessories market growth over the projected period.
Increasing product launches offers a lucrative opportunity for market growth
The growing product launch in the market offers a lucrative opportunity for dog clothing & accessories industry growth. For instance, in June 2022, Tommy Hilfiger introduced its inaugural dog line following the execution of a licensing deal with Kanine Pets World Limited. The canine line will consist of a "wide range" of items, such as clothing, accessories, and home goods for dogs, all designed in the recognizable Tommy Hilfiger aesthetic and imbued with the brand's "unmistakable preppy touch." The line, which will feature branded hoodies, preppy striped sweaters, and classic rollnecks, will be made in Hilfiger's signature all-American style. There will also be a variety of bow and classic bandanas, as well as three distinct types of raincoats that protect from the rain. Every item will be exhibited in the red, white, and blue color scheme that is emblematic of the company, with seasonal accents of blush pink and jade green.
Limited awareness poses a major challenge to market expansion
Growth in the dog clothing & accessories industry may be hampered by a lack of knowledge about the advantages of particular kinds of pet apparel and accessories, particularly in developing nations. It might take a lot of resources for businesses to educate customers about the uses and health advantages of their products.
The global dog clothing & accessories industry is segmented based on product, distribution channel, and region.
Based on the product, the global dog clothing & accessories market is bifurcated into clothing and accessories. The accessories segment is expected to hold the largest market share during the forecast period. Vendors have introduced a range of smart accessories, such as connected pet collars, smart beds, and pet feeders. The players invest in R&D to create smart pet furniture in an attempt to attract wealthy clients. These smart beds offer thermostatic climate control, keep an eye on the dogs' weight, activity, and resting levels, and ensure their utmost comfort and security. This facilitates pet owners in maintaining their animals' proper weight and temperature ranges based on breed, age, and other important characteristics. The smart bed includes an inbuilt scale in addition to thermostatic heating and cooling features. Thus, this kind of product in the market drives the revenue growth.
Based on the distribution channel, the global dog clothing & accessories industry is bifurcated into offline and online. The online segment is expected to grow at the highest CAGR during the forecast period. The primary factors propelling the growth of this segment are technological advancements and the growing acceptance of pets. For instance, mobile adaptability provides better customer service and the ability to make purchases with a single tap, while increased internet adoption makes it easier for people to use smartphones globally. An increase in mobile adaptability, the integration of single-touch shopping options, and user-friendly web pages have all contributed to the popularity of e-commerce websites.
Report Attributes | Report Details |
---|---|
Report Name | Dog Clothing & Accessories Market |
Market Size in 2023 | USD 10.64 Billion |
Market Forecast in 2032 | USD 18.75 Billion |
Growth Rate | CAGR of 6.5% |
Number of Pages | 222 |
Key Companies Covered | Bitch New York, Petco Animal Supplies Inc., Moshiqa, Milk & Pepper, Petrageous Designs LLC, Canada Pooch, TRIXIE Heimtierbedarf GmbH & Co. KG, Bedhead PJs, Ruffwear, and others. |
Segments Covered | By Product, By Distribution Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America region dominates the market over the projected period
During the forecast period, North America is likely to rule the global dog clothing & accessories market. Many homes in the area own one or more pets. Pet ownership is widespread. The majority of pet owners are millennials and Gen Z, and their propensity to spend money on pet supplies has contributed significantly to the market's expansion. Data released by the American Veterinary Medical Association indicates that roughly 62 million dogs are living in US homes and that each dog costs $367 on average each year. Furthermore, pet owners in North America may afford to spend more on non-essential pet supplies like apparel and accessories because of rising disposable income levels. Luxury and premium pet products are growing in popularity, and buyers are willing to spend more for branded, high-quality goods.
The global dog clothing & accessories market is dominated by players like:
By Product
By Distribution Channel
FrequentlyAsked Questions
The term "dog clothing & accessories" describes clothes and accessories made especially for dogs. They give animal partners security, comfort, and style while also fulfilling functional needs. T-shirts, gowns, costumes, and accessories like bandanas, ribbons, and hats are examples of pet clothing. To protect them from the cold, rain, and moisture, they also include practical apparel like coats, sweaters, jackets, and raincoats.
The dog clothing & accessories market is anticipated to expand as a result of rising pet ownership across the globe, rising disposable income, integration of advanced technology in dog accessories, growing product innovation, rising pet expenditure, and many others.
According to the report, the global dog clothing & accessories market size was worth around USD 10.64 billion in 2023 and is predicted to grow to around USD 18.75 billion by 2032.
The global dog clothing & accessories market is expected to grow at a CAGR of 6.5% during the forecast period.
The global dog clothing & accessories market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the presence of major players and rising pet ownership.
The global dog clothing & accessories market is dominated by players like Bitch New York, Petco Animal Supplies, Inc., Moshiqa, Milk & Pepper, Petrageous Designs LLC, Canada Pooch, TRIXIE Heimtierbedarf GmbH & Co. KG, Bedhead PJs and Ruffwear among others.
The dog clothing & accessories market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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