PUBLISHER: SkyQuest | PRODUCT CODE: 1183335
PUBLISHER: SkyQuest | PRODUCT CODE: 1183335
Global Pet Clothing Market Size was valued at USD 5.7 billion in 2021, and it is expected to reach a value of USD 7.3 billion by 2028, at a CAGR of 5.44% over the forecast period (2022-2028).
Pet apparel consists of outfits that are worn to keep animals warm and dry while also protecting them from the elements. Coats, sweaters, knitwear, hoodies, jackets, dresses, slacks, skirts, headwear, neckwear, raincoats, and swimsuits are all examples of pet apparel. All of these outfits have a function. For instance, sweaters provide additional warmth to pets who are cold or lack hair. Pet apparel serves practical and aesthetically pleasing benefits.
Top-down and bottom-up approaches were used to estimate and validate the size of the global fire pet clothing market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report:
The Global Pet Clothing Market segmentation is based Pet Type, Clothing Type, and Region. Based on Pet Type the market is segmented into Dogs, Cats and others. Based on Clothing Type the market is segmented into Shirts, Skirts & Tops, Jackets & Hoodies and Sweaters, Boats & Clippers and other accessories. Based on Region the global pet clothing market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Driver
The market is anticipated to experience consistent sales growth over the forecast period due to the expanding popularity of pet clothes and accessories as well as the growing number of dogs. The cost of pet clothing has increased as a result of pet owners' growing interest in pet fashion trends and the desire to provide their animals with comfort based on the weather. In essence, pet owners are looking for more specialized and high-quality clothing or accessories for their animals. These elements have contributed to the global expansion of the pet apparel industry. Additionally, it is anticipated that the expansion of the market will be impacted by an increase in the number of pets (particularly cats and dogs) around the world during the forecast period. In the upcoming years, it is also projected that growing pet care concerns, the development of innovative, cost-effective pet apparel, and rising health care costs for animals will all increase demand for pet clothing.
Restraint
While millennials may afford expensive luxury things, the majority of people are middle class, which means that the high cost of the products inadvertently slows down the expansion of the global pet clothing market. Naturally, dogs, cats, and other pets have a protective layer on them. Dressing them may result in anxiety, thinning hair, and itching. The size of the cloth and the wrong kind of clothing restrict the pet's movement, which leads to undesirable behavior.
Market Trends
Cats and dogs have become more like family to their owners as a result of humanization. Pet owners want to outfit their animals appropriately for their breed and age. In the upcoming years, these factors are also anticipated to accelerate market expansion. American Pet Products Manufacturers Association (APPMA) predicts that American pet owners will spend more annually on their animals. Over the course of the forecast year, this is expected to enhance the pet clothes market further. However, the high price of pet clothing may limit market expansion throughout the anticipated time frame.