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Akash Vidhate
by on September 22, 2023
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According to a new report published by Allied Market Research, titled, “Pet Clothing Market by Product Type (Shirts and Tops, Coats and Jackets, Sweater and Hoodies, Others), by Pet Type (Dogs, Cats, Others), by Distribution Channel (Offline, Online), by Pet Owner (Gen X, Millennial, Baby Boomer, Gen Z, Builder): Global Opportunity Analysis and Industry Forecast, 2021–2031”. Pet Clothing Market” The pet clothing market was valued at $5.19 billion in 2021, and is estimated to reach $7.66 billion by 2031, growing at a CAGR of 4% from 2022 to 2031.

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The pet clothing market is experiencing growth owing to increased pet ownership across the globe due to rise in consumers’ disposable income and increase in awareness regarding the health benefits of having a companion. The major factors driving the growth of the global pet clothing market include rise in trend of nuclear families, rapid humanization of pets, and increase in awareness about pet health. Surge in pet ownership among the millennials and generation Z along with the rapidly penetrating social media and e-commerce platforms across the globe significantly boosts the pet care market growth.

As per the pet clothing market analysis, the market is segmented based on the product type, pet type, distribution channel, pet owner, and region. Based on the product type, the market is segregated into shirts and tops, coats and jackets, sweater and hoodies, and others. Based on the pet type, the market has been divided into dogs, cats, and others. Depending on the distribution channel, it is segmented into offline and online channels. On the basis of pet owner, it is segmented into Gen X, millennial, baby boomer, Gen Z, and builder. Region-wise, the pet clothing market is analyzed into North America, Europe, Asia-Pacific, and LAMEA.

by product type, the shirts and tops was the dominant segment with around 37.2% of the pet clothing market share in 2021 and is expected to retain its significance during the forecast period. The sweater and hoodies is expected to be the fastest-growing segment, owing to the rising demand for the sweaters and hoodies in the cold climatic regions like Europe. According to the American Society for the Prevention of Cruelty to Animals (ASPCA), animals with very short hairs such as Greyhounds, Whippets, Chihuahuas, and Miniature Pinschers need to wear sweaters and hoodies, as they are vulnerable to cold temperatures.

On the basis of pet clothing market demand, by distribution channel, the online is estimated to be the fastest-growing segment during the forecast period. This is attributable to the rising adoption of smartphones and increasing access to the internet. According to the International Telecommunication Union (ITU), around 4.9 billion people were using internet in 2021, across the globe.

On the basis of pet clothing market trends, by pet type, the market was dominated by the dogs segment. The huge adoption of dogs and rising expenditure on dog clothing has fueled the growth of this segment across the globe. According to the latest data from European pet food industry federation (FEDAIF) there are 92 million dogs as pet in Europe and according to the survey of the American Pet Products Association (APPA) in 2021, 69 million households in America have dogs as their pet.

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By pet owner, the millennial segment dominated the market in 2021. Millennials are the largest demographic of pet owners in the U.S., and across the globe. According to American Pet Product Association (APPA) there are 32% pet owners in U.S. that belong to millennial generation.

Region-wise, North America dominated the global pet clothing market in 2021. The huge adoption of pets, rising pet humanization trend, and increasing expenditure on pets are the prominent drivers of the North America pet clothing market. As per American Pet Products Association, more than 65% of U.S. households owns a pet.

Key Benefits For Stakeholders:


○ This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pet clothing market demand from 2021 to 2031 to identify the prevailing pet clothing market opportunities.
○ The market research is offered along with information related to key drivers, restraints, and opportunities.
○ Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer ○ network.
○ In-depth analysis of the pet clothing market segmentation assists to determine the prevailing market opportunities.
○ Major countries in each region are mapped according to their revenue contribution to the global market.
○ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
○ The report includes the analysis of the regional as well as global pet clothing market trends, key players, market segments, application areas, and market growth strategies.

 

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

 

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