Pets are also known as companion animals, kept by human beings for comforting companionship. Different species of animals are kept as pets in various parts of the world. Some of the most popular pets are dogs, cats, horses, rabbits, ferrets, rodents, avian, reptiles, and aquatic animals. Pet keeping has gained wide importance in recent times, owing to emotional wellbeing and physical wellbeing provided by pets to humans. Several studies on human-animal interaction have reported the benefits of physical health while keeping care of pets as the opportunities of regular walking are increased. The pets provide emotional well being to the owners and in turn, human beings are taking responsibility for the well being of their pets, which provides the exponential growth of the pet accessories market. Initially, animal food and animal health care were preferred most widely but in recent times the variants in accessories for pets have also gained huge importance. Pet accessories mainly include pet toys and chews, kennel, beds and furniture, carriers and strollers, muzzles, collars, harnesses, food and water bowls, grooming products, cages, crate mats, scooper, deodorizers, breeding box, nest, bottles, aquarium decor, filters, horse belt, halter, and others.
COVID-19 Scenario Analysis:
- The lockdown scenario caused due to the coronavirus outbreak has declined the sales and revenue of the pet accessories market as the distribution channels such as specialty stores have shut down to prevent mass gathering. The delayed deliveries due to transportation restrictions have affected the online stores of pet accessories.
- The shutdown of manufacturing units and shortage of manpower has impacted the production of pet accessories market.
- The lockdown scenario and implementation of social distancing practices have led to the canceling or postponement of pet events which has impacted the sales of key players in the pet accessories market.
- The COVID-19 pandemic has impacted the sales of pet accessories due to the export and import restrictions in various countries.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Pet keeping has been practiced from earlier times and as the trend of variants of pet species has increased the requirement for pet well-being has also increased. In recent times, pet ownership and spending on domestic animals have surged in countries such as the USA, UK, France, Switzerland, Germany, Italy, Japan, China, and others. The surge in pet ownership, changing fashion and style trends, increase in millennial as the biggest pet-owning generation, increasing variants in pet care products, launches of advanced pet accessories, the emotional aspect towards pets, increasing awareness of pet care, physical and mental well-being by pet-keeping, e-commerce, worldwide pet events, social media marketing, alluring designs in products, animal clothing, pet grooming accessories, physical well-being of pets, increased disposable income, luxurious products, and lifestyle are the key factors that drive the global pet accessories market. However, increased competition, the expensive pet accessories, inclination towards the mainstream, availability of alternative products, government restrictions, concerns of animal rights organizations, comfort and safety of pets from accessories, and effect on pet health hinder the market growth.
The global pet accessories market trends are as follows:
New product launches to flourish the pet accessories market
The inclination of pet owners towards enhancing the physical appearance has presented an opportunity for the key players to launch advanced accessories for various species of pets. The pet supplies such as brushes and combs, shears, clippers, dryers, shampoo, conditioners, grooming tables, dental care products, sprays, ribbons, and others are commonly used by the pet owners. Key manufacturers are focusing more on customer interactions through social media platforms and using it as a magnificent way of increasing their customer loyalty. The pet events are created and the participation is being made by a large number of customers. This provides industries with a niche market for their products. Pet accessories are manufactured and launched with features to provide comfort and safety to the pets, keeping compliance with the government regulations to avoid toxic substances in pet accessories such as pet toys.
Key Benefits of the Report:
- This study presents the analytical depiction of the global pet accessories industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global pet accessories market share.
- The current market is quantitatively analyzed to highlight the global pet accessories market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides detailed global pet accessories market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in the Pet Accessories Market Research Report:
- What are the leading market players active in the pet accessories market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What would be the detailed impact of COVID-19 on the market?
Pet Accessories Market Report Highlights
| Aspects | Details |
 By Product Type |
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 By Application |
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 By Distribution Channel |
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 By Region |
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 Key Market Players | Pettex Ltd., Petco, PetSafe, Leonard F Jollye, Spectrum Brands, Central Garden & Pet Company, Platinum Pets USA, Rolf C. Hagen Inc., Muttluks Inc., Rosewood Pet Products, Bed Bath & Beyond, Bayer |
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