Portland, OR, Sept. 01, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global pet clothing market was estimated at $5.19 billion in 2021 and is expected to hit $7.66 billion by 2031, registering a CAGR of 4.0% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $5.19 Billion |
| Market Size in 203 | $7.66 Billion |
| CAGR | 4.0% |
| No. of Pages in Report | 300 |
| Segments Covered | Product Type, Pet Type, Distribution Channel, Pet Owner, and Region. |
| Drivers | Growth in urbanization and shift toward nuclear families in emerging economies |
| Rapid growth of pet shops and the retail sector | |
| Opportunities | Smart pet clothing and wearables |
| Abrupt shift in trends | |
| Restraints | Huge capital investments in research and development |
Covid-19 scenario-
- Closure of manufacturing plants and disruptions of supply chain impacted the global pet clothing market negatively, especially during the initial period.
- The pet owners seemed to focus more on pet food and other pet essential products which gave way to significant decline in the revenues of the pet clothing market. However, the market has already started recovering at full-scale capacities.
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The global pet clothing market is analyzed across product type, pet type, distribution channel, pet owner, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
Based on product type, the shirts and tops segment accounted for nearly two-fifths of the total market share in 2021, and is anticipated to rule the roost by 2031. The sweater and hoodies segment, however, would register the fastest CAGR of 4.5% during the forecast period.
Based on pet type, the dogs segment contributed to around two-fifths of the total market revenue in 2021, and is expected to lead the trail by the end of 2031. The cats segment would also exhibit the fastest CAGR of 4.3% throughout the forecast period.
Based on distribution channel, the offline segment held more than three-fourths of the total market revenue in 2021, and is expected to dominate by 2031. The online segment, on the other hand, would manifest the fastest CAGR of 4.8% throughout the forecast period.
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Based on pet owner, the millennial segment garnered nearly one-third of the total market revenue in 2021, and is expected to dominate by 2031. The Gen Z segment, simultaneously, would project the fastest CAGR of 5.5% throughout the forecast period.
Based on region, the global pet clothing market across North America generated more than one-third of the total market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The Asia-Pacific region, however, would manifest the fastest CAGR of 4.8% during the forecast period. The other provinces analyzed through the report include Europe and LAMEA.
The key market players analyzed in the global pet clothing market report include Milk & Pepper, Behead Pajamas, Inc., Canada pooch ltd., Hip Doggie, K9 Wear, Lucy & Co., Medical Pet Shirts, ABO Gear, Pet Stock, PetRageous, Bitch New York, TRIXIE Heimtierbedarf GmbH & Company KG, ruffwear, The Foggy Dog, and Wagwear. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.
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About Us
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.
