NEWARK, Del, June 28, 2022 (GLOBE NEWSWIRE) -- The global pet apparel market is expected to surpass a valuation of US$ 7 Bn by 2032, with sales growing at a 5% CAGR over the forecast period.
Increasing trend of pet humanization across the globe is expected to augment the growth in the market. The advent of premium pet attire through collaborations with well-known fashion labels such as H&M and Ralph Lauren is propelling sales in the market.
Furthermore, the industry is experiencing an upward trend as a result of the prevalence of pet fashion influencers, small pet apparel businesses, and product design advancements. For example, Boobie Billie, the stylish Instagram dog, has launched a high-end fashion brand. Dsquared2, which just collaborated with Poldo Canine Couture to develop a full collection of dog clothes and accessories.
The presence of non-profit organizations dedicated to animal welfare is expected to spur demand for pet apparel. The demand for dog and animal clothes from shelters, animal protection organizations, and communities concerned about stray animals will boost the market.
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“Rising concerns regarding pet care and safety amid harsh weather conditions, along with increasing demand for premium pet apparel will augment the growth in the market,” says an FMI analyst.
Key Takeaways:
- Based on product type, sales of shirts & tops will increase at a considerable pace over the forecast period.
- In terms of pet types, the dog segment is anticipated to remain most lucrative through 2032.
- By sales channel, demand for pet apparel across online retail channels will continue rising.
- The U.S. Will dominate the North America pet apparel market over the forecast period, with sales growing at a 4% CAGR through 2032.
- Demand in the India pet apparel market is expected to increase at a 5% CAGR over the assessment period.
Competition Landscape
Leading manufacturers of pet apparels are focusing on aggressive promotional strategies, advertisements, and new product launches to improve sales in the market.
Key players operating in the global pet apparels market include Pet Factory Company, ABO Gear, Body Glove Pet, Good2Go, Hip Doggie, Moshiqa, Petstock, Hunter International GmbH, Insect Shield, MILK&PEPPER, and Bedhead Pajamas Inc.
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Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the global pet apparels market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the pet apparels market based on the product type (coats, jackets, sweaters & hoodies, & others), pet type (dogs, cats & others), material type (cotton, polyester, Lenin & others) sales channel (supermarkets & hypermarket, retailers & wholesalers, direct sales, pet specialty stores, online retailers & other sales channel) across seven major regions.
Global Pet Apparel Market by Category
By Product Type:
- Coats
- Jackets
- Shirts & Tops
- Sweaters & Hoodies
- Others
By Material Type:
- Cotton
- Polyester
- Lenin
- Others
By Pet Type:
- Dogs
- Cats
- Others
By Sales Channel:
- Supermarket/Hypermarkets
- Wholesalers/Distributors
- Direct sales
- Pet Specialty Stores
- Online Retailers
- Other Sales Channel
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Key Findings
1.3. Summary of Key statistics&
1.4. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition&
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
3.3. Future Prospects of Pet Apparel Market
4. Global Pet Apparel Market Demand Analysis 2017-2021 and Forecast, 2022-2032
5. Global Pet Apparel Market - Pricing Analysis
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