Pets Accessories Market Size, Share, Industry Analysis, Growth, 2032

Pets Accessories Industry Prospective:

The global pet accessories market size was evaluated at $2,000 million in 2023 and is slated to hit $4,000 million by the end of 2032 with a CAGR of nearly 8% between 2024 and 2032.

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Pets Accessories Market: Overview

The pet accessories include apparel, clothing, beds, bedding, feeding accessories, grooming products, and travel accessories. Moreover, it also includes collars, harnesses, and leashes. Surging pet population with a surge in the pet acceptance rate in various countries and huge spending on pet care has proliferated the demand for pet accessories in recent years.

Key Insights

• As per the analysis shared by our research analyst, the global pets accessories market is projected to expand annually at the annual growth rate of around 8% over the forecast timespan (2024-2032)
• In terms of revenue, the global pets accessories market size was evaluated at nearly $2,000 million in 2023 and is expected to reach $4,000 million by 2032.
• The global pets accessories market is anticipated to grow rapidly over the forecast timeline owing to a rise in the demand for high-quality pet care items & smart accessories.
• In terms of product type, the pet toys segment is slated to register the highest CAGR over the forecast period.
• Based on pet type, the cats segment is predicted to contribute majorly towards the global industry share in the upcoming years.
• Region-wise, the Asia-Pacific pets accessories industry is projected to register the fastest CAGR during the projected timespan.

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Pets Accessories Market: Growth Factors

Growing adoptions of pets by households will drive the global market trends over 2024-2032

With pets becoming an integral part of households, the market for pets accessories is anticipated to gain traction in the near future. A rise in the demand for high-quality pet care items & smart accessories will prop up the growth of the market globally. New technologies such as simulation, AR, and VR as well as IoT have helped pet owners in remotely determining pet location and activities along with monitoring their health conditions, thereby driving the global market trends. Moreover, pet accessories are now available in different designs, thereby helping the global market reach new scales of growth.

Pets Accessories Market: Restraints

Low raw material supply can hinder the global industry expansion by 2032

A surge in the costs of products along with a lack of supply of the goods owing to growing conflicts across the globe has restrained the growth of the pet accessories industry globally. Supply chain disruption will further constrict the expansion of the global industry in the ensuing years.

Pets Accessories Market: Opportunities

Product innovations and strategies partnerships to open new growth avenues for the global market

Launching new products and easy availability of products can open new growth avenues for the global pet accessories market. Furthermore, these products are durable & long-lasting and this can prop up the expansion of the market globally.

Pets Accessories Market: Challenges

An increase in the competition between key players can challenge the expansion of the global industry

Regional & unorganized suppliers of products and vendors are competing with each other resulting in price fluctuations of the product and this can challenge the expansion of the global pet accessories industry. An increase in export duties can further hinder the growth of the industry globally.

Pets Accessories Market: Segmentation

The global pets accessories market is divided into product type, pet type, and region.                                          

In terms of product type, the pets accessories market across the globe is bifurcated into grooming products, pet toys, bedding & feeding, and collars & harness segments. Additionally, the pet toys segment, which gained approximately 57.5% of the global market earnings in 2023, is expected to record the highest gains in the expected timeline. The segmental surge during the period from 2024 to 2032 can be due to a rise in the sale of pet toys across the globe.

Based on the pet type, the global pets accessories industry is divided into horses, cats, and dogs segments. Moreover, the cats segment, which gathered approximately two-thirds of the global industry profits in 2023, is set to make lucrative contributions towards the global industry share in the coming decade. The growth of the segment in the forecasting timeline can be attributed to a rise in the adoption of cats as pets by a large number of people in the countries of the Americas and Europe.

Pets Accessories Market: Report Scope

Pets Accessories Market: Regional Insights

North America is expected to maintain its leadership status in the global market in the forecast period

North America, which contributed about 43% of the global pets accessories market earnings in 2023, is expected to establish a dominant position in the global market in the upcoming years. Furthermore, the regional market surge in the forecast timeline can be ascribed to the growing need for companionship of pets by the elderly population in countries such as the U.S. Apart from this, pets such as dogs ensure the safety & security of old people and hence are adopted by them. Additionally, the large-scale presence of the regional manufacturers and vendors as well as suppliers will drive the regional market trends.

Asia-Pacific pets accessories industry is slated to register the highest growth rate in the next few years. The quick industry expansion in the Asia-Pacific region can be due to a surge in the per capita income of the customers along with an increase in the pet adoption in the countries such as India, Japan, and China. An increment in the number of families adopting pets will spur the growth of the industry in the APAC.

Key Developments

• In the first half of 2024, Purina PetCare, declared of introducing 100 novel pet products and accessories.
• In the first quarter of 2024, Wipro GE Healthcare, a key player in the medical technology sector, declared of launching 40 new pet products in India.

Pets Accessories Market: Competitive Space

The global pets accessories market profiles key players such as:

• Leonard F Jollye
• Mars
• Incorporated
• Ancol Pet Products Limited
• Champion Petfoods LP
• Hill’s Pet Nutrition Inc.
• Petmate Holdings Co
• Bayer AG
• Pettex Ltd
• Rolf C. Hagen Inc.
• Bed
• Bath and Beyond
• Platinum pets
• USA
• The Hartz Mountain Corporation
• Rosewood Pet Products
• Nestle Purina PetCare
• Trail Blazers
• Saturn Petcare GmbH
• Blue Buffalo Co. Ltd.
• Spectrum Brands
• Central Garden & Pet Company
• PetSafe
• Muttluks Inc.
• Petco.

The global pets accessories market is segmented as follows:

By Product Type

• Grooming Products
• Pet Toys
• Bedding & Feeding
• Collars & Harness

By Pet Type 

• Horses
• Cats
• Dogs

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa