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Pet Accessories Market by Distribution Channel, Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 136
  • SKU: IRTNTR41541
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The pet accessories market share is expected to increase by USD 11.64 billion from 2019 to 2024, and the market’s growth momentum will accelerate at a CAGR of 6.87%. This pet accessories market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The pet accessories market report also offers information on several market vendors, including Ancol Pet Products Ltd., Bob Martin Co., Ferplast Spa, Inter IKEA Systems BV, Laroy Group, Rolf C. Hagen Inc., Rosewood Pet Products Ltd., Spectrum Brands Inc., The Our Pet's Co., and Unicharm Corp. among others. Furthermore, this report extensively covers pet accessories market segmentation by product (pet toys and others), distribution channel (offline and online), geography (North America, Europe, APAC, South America, and MEA), and end-user (Dogs, Cats, and Others).

What will the Pet Accessories Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Pet Accessories Market Size for the Forecast Period and Other Important Statistics

 

Pet Accessories Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increase in number of people owning pets and increased spending on pets is notably driving the pet accessories market growth, although factors such as growing awareness of pet allergies among human beings may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the pet accessories industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Pet Accessories Market Driver

The increase in number of people owning pets and increased spending on pets is notably driving the pet accessories market growth. Pet ownership and pet spending witnessed a significant increase in 2017 when compared with data from the last ten years. Owning a pet has become a status symbol due to acculturation. Subsequently, investments by pet owners are not only limited to food and grooming services but include innovative and specialized premium products such as furniture. According to APPA, around 67% of US households owned at least one pet in 2018, and millennials represent the largest segment of pet owners for all pet types, especially birds, small exotic companion mammals, and saltwater fish. More than 80% of pet owners among millennials own dogs, while approximately 50% own cats. The number of people owning more than one pet has also increased, which plays a key role in maintaining market growth.

Key Pet Accessories Market Trend

Technology innovation and portfolio extension leading to product premiumization is the key trend driving the market growth. The demand for superior-quality products for pets is high. Premium products are also characterized by premium pricing. Consumers are willing to invest heavily in these premium products due to factors like superior quality and durability. These products are targeted at high net-worth pet owners. Pet owners are investing in premium pet products, like pet accessories that are considered a luxury by the mass customers. These include smart pet accessories, which have compelled manufacturers to introduce niche pet products. In the past couple of years, GPS devices have become increasingly popular. GPS devices are an easier way to track lost pets like Loc8tor are easily attached to a pet s collar, and the owner can easily locate the lost pet. This is expected to help vendors widen their profit margins and gain a competitive edge during the forecast period.

Key Pet Accessories Market Challenge

The major challenge impeding the pet accessories market growth is the growing awareness of pet allergies among human beings. Many animals carry harmful bacteria, such as Campylobacter jejuni and Cryptosporidiosis, due to their exposure to wind and water pollution. These diseases are often transmitted to humans, especially children. Many furred and feathered animals such as cats, rodents, and birds cause allergies like pet dander in humans. The protein found in the saliva and urine of cats, dogs, and other pets can cause skin allergies in humans. People with a weak immune system are prone to such allergies. For instance, people with asthma are advised not to keep pets at home as they can further sensitize their disease. Due to such factors, people often do not favor the adoption of pets.

This pet accessories market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the global pet accessories market as a part of the global leisure products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the pet accessories market during the forecast period.

Who are the Major Pet Accessories Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Ancol Pet Products Ltd.
  • Bob Martin Co.
  • Ferplast Spa
  • Inter IKEA Systems BV
  • Laroy Group
  • Rolf C. Hagen Inc.
  • Rosewood Pet Products Ltd.
  • Spectrum Brands Inc.
  • The Our Pet's Co.
  • Unicharm Corp.

 

This statistical study of the pet accessories market encompasses successful business strategies deployed by the key vendors. The pet accessories market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Ancol Pet Products Ltd. - Y-shaped cat tunnel, acticat plastic playground, chewers, action dog bone, action dog TNT, and others.
  • Ancol Pet Products Ltd. - Under the cat segment, the company offers bedding, collars and harnesses, activity, feeding products, grooming products, and toys.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The pet accessories market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Pet Accessories Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the pet accessories market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Pet Accessories Market?

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37% of the market’s growth will originate from North America during the forecast period. US is the key market for pet accessories in North America. 

The growth of the market in this region is influenced by the large interest in pet ownership in countries such as the US, Canada, and Mexico. Owing to the increasing population of elderly people that like companionship, the adoption rate of pets is high. Further, the pet humanization trend will facilitate the pet accessories market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 hampered the growth of the market in 2020. The supply chains in the market were disrupted, which created a shortage of raw materials used in the manufacturing of pet accessories. Although lockdowns were lifted in Q4 2020 and vaccination drives have been initiated since January 2021, the growing number of COVID-19 cases still poses a serious threat to the growth of the economy as well as the regional market.

What are the Revenue-generating Product Segments in the Pet Accessories Market?

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The pet accessories market share growth by the toys segment will be significant during the forecast period. Pet owners prefer pet toys such as fishing rod toys for factors like pet obesity. The market is growing at a large scale owing to factors like product variations and the availability of wide options. The demand for natural and organic pet toys is growing because they are considered safe for pets.

This report provides an accurate prediction of the contribution of all the segments to the growth of the pet accessories market size and actionable market insights on post COVID-19 impact on each segment.

 

Pet Accessories Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 6.87%

Market growth 2020-2024

$ 11.64 billion

Market structure

Fragmented

YoY growth (%)

6.13

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 37%

Key consumer countries

US, UK, Germany, Brazil, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Ancol Pet Products Ltd., Bob Martin Co., Ferplast Spa, Inter IKEA Systems BV, Laroy Group, Rolf C. Hagen Inc., Rosewood Pet Products Ltd., Spectrum Brands Inc., The Our Pet's Co., and Unicharm Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Pet Accessories Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive pet accessories market growth during the next five years
  • Precise estimation of the pet accessories market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the pet accessories industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of pet accessories market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis for leisure products

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 Pet toys - Market size and forecast 2020-2025
      • Exhibit 17: Pet toys - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Pet toys - Year-over-year growth 2020-2025 (%)
    • 5.4 Others - Market size and forecast 2020-2025
      • Exhibit 19: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Others - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 21: Market opportunity by Product

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 22: End user - Market share 2020-2025 (%)
    • 6.2 Comparison by End user
      • Exhibit 23: Comparison by End user
    • 6.3 Dogs - Market size and forecast 2020-2025
      • Exhibit 24: Dogs - Market size and forecast 2020-2025 ($ million)
      • Exhibit 25: Dogs - Year-over-year growth 2020-2025 (%)
    • 6.4 Cats - Market size and forecast 2020-2025
      • Exhibit 26: Cats - Market size and forecast 2020-2025 ($ million)
      • Exhibit 27: Cats - Year-over-year growth 2020-2025 (%)
    • 6.5 Others - Market size and forecast 2020-2025
      • 6.6 Market opportunity by End user
        • Exhibit 30: Market opportunity by End user

      7 Market Segmentation by Distribution channel

      • 7.1 Market segments
        • Exhibit 31: Distribution channel - Market share 2020-2025 (%)
      • 7.2 Comparison by Distribution channel
        • Exhibit 32: Comparison by Distribution channel
      • 7.3 Offline - Market size and forecast 2020-2025
        • Exhibit 33: Offline - Market size and forecast 2020-2025 ($ million)
        • Exhibit 34: Offline - Year-over-year growth 2020-2025 (%)
      • 7.4 Online - Market size and forecast 2020-2025
        • Exhibit 35: Online - Market size and forecast 2020-2025 ($ million)
        • Exhibit 36: Online - Year-over-year growth 2020-2025 (%)
      • 7.5 Market opportunity by Distribution channel
        • Exhibit 37: Market opportunity by Distribution channel

      8 Customer Landscape

      9 Geographic Landscape

      • 9.1 Geographic segmentation
        • Exhibit 39: Market share by geography 2020-2025 (%)
      • 9.2 Geographic comparison
        • Exhibit 40: Geographic comparison
      • 9.3 North America - Market size and forecast 2020-2025
        • Exhibit 41: North America - Market size and forecast 2020-2025 ($ million)
        • Exhibit 42: North America - Year-over-year growth 2020-2025 (%)
      • 9.4 Europe - Market size and forecast 2020-2025
        • Exhibit 43: Europe - Market size and forecast 2020-2025 ($ million)
        • Exhibit 44: Europe - Year-over-year growth 2020-2025 (%)
      • 9.5 APAC - Market size and forecast 2020-2025
        • Exhibit 45: APAC - Market size and forecast 2020-2025 ($ million)
        • Exhibit 46: APAC - Year-over-year growth 2020-2025 (%)
      • 9.6 South America - Market size and forecast 2020-2025
        • Exhibit 47: South America - Market size and forecast 2020-2025 ($ million)
        • Exhibit 48: South America - Year-over-year growth 2020-2025 (%)
      • 9.7 MEA - Market size and forecast 2020-2025
        • Exhibit 49: MEA - Market size and forecast 2020-2025 ($ million)
        • Exhibit 50: MEA - Year-over-year growth 2020-2025 (%)
      • 9.8 Key leading countries
        • Exhibit 51: Key leading countries
      • 9.9 Market opportunity by geography
        • Exhibit 52: Market opportunity by geography ($ million)

      10 Drivers, Challenges, and Trends

      • 10.1 Market drivers
        • 10.2 Market challenges
          • Exhibit 53: Impact of drivers and challenges
        • 10.3 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 54: Vendor landscape
            • 11.3 Landscape disruption
              • Exhibit 55: Landscape disruption
              • Exhibit 56: Industry risks

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 57: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 58: Market positioning of vendors
            • 12.3 Ancol Pet Products Ltd.
              • Exhibit 59: Ancol Pet Products Ltd. - Overview
              • Exhibit 60: Ancol Pet Products Ltd. - Product and service
              • Exhibit 61: Ancol Pet Products Ltd. - Key offerings
            • 12.4 Ferplast Spa
              • Exhibit 62: Ferplast Spa - Overview
              • Exhibit 63: Ferplast Spa - Product and service
              • Exhibit 64: Ferplast Spa - Key offerings
            • 12.5 Inter IKEA Holding BV
              • Exhibit 65: Inter IKEA Holding BV - Overview
              • Exhibit 66: Inter IKEA Holding BV - Product and service
              • Exhibit 67: Inter IKEA Holding BV – Key news
              • Exhibit 68: Inter IKEA Holding BV - Key offerings
            • 12.6 Laroy Group
              • Exhibit 69: Laroy Group - Overview
              • Exhibit 70: Laroy Group - Product and service
              • Exhibit 71: Laroy Group - Key offerings
            • 12.7 Pets Choice Ltd.
              • Exhibit 72: Pets Choice Ltd. - Overview
              • Exhibit 73: Pets Choice Ltd. - Product and service
              • Exhibit 74: Pets Choice Ltd. - Key offerings
            • 12.8 Rolf C. Hagen Inc.
              • Exhibit 75: Rolf C. Hagen Inc. - Overview
              • Exhibit 76: Rolf C. Hagen Inc. - Product and service
              • Exhibit 77: Rolf C. Hagen Inc. - Key offerings
            • 12.9 Rosewood Pet Products Ltd.
              • Exhibit 78: Rosewood Pet Products Ltd. - Overview
              • Exhibit 79: Rosewood Pet Products Ltd. - Product and service
              • Exhibit 80: Rosewood Pet Products Ltd. - Key offerings
            • 12.10 Spectrum Brands Holdings Inc.
              • Exhibit 81: Spectrum Brands Holdings Inc. - Overview
              • Exhibit 82: Spectrum Brands Holdings Inc. - Business segments
              • Exhibit 83: Spectrum Brands Holdings Inc. – Key news
              • Exhibit 84: Spectrum Brands Holdings Inc. - Key offerings
              • Exhibit 85: Spectrum Brands Holdings Inc. - Segment focus
            • 12.11 The OurPet's Co.
              • Exhibit 86: The OurPet's Co. - Overview
              • Exhibit 87: The OurPet's Co. - Product and service
              • Exhibit 88: The OurPet's Co. - Key offerings
            • 12.12 Unicharm Corp.
              • Exhibit 89: Unicharm Corp. - Overview
              • Exhibit 90: Unicharm Corp. - Business segments
              • Exhibit 91: Unicharm Corp. – Key news
              • Exhibit 92: Unicharm Corp. - Key offerings
              • Exhibit 93: Unicharm Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Currency conversion rates for US$
                • Exhibit 94: Currency conversion rates for US$
              • 13.3 Research methodology
                • Exhibit 95: Research Methodology
                • Exhibit 96: Validation techniques employed for market sizing
                • Exhibit 97: Information sources
              • 13.4 List of abbreviations
                • Exhibit 98: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The pet accessories market growth will increase by $11.64 billion during 2020-2024.
              The pet accessories market is expected to grow at a CAGR of 6.87% during 2020-2024.
              Technavio has segmented the pet accessories market by product (Pet toys and Others) ,distribution channel (Offline and Online) , and application (Orthopedics, Cardiovascular, Medical Imagin, In-vitro diagnostics (IVDs), and General medical devices).
              Ancol Pet Products Ltd., Bob Martin Co., Ferplast Spa, Inter IKEA Systems BV, Laroy Group, Rolf C. Hagen Inc., Rosewood Pet Products Ltd., Spectrum Brands Inc., The Our Pet's Co., Unicharm Corp. are a few of the key vendors in the pet accessories market.
              North America will register the highest growth rate of 37.26% among the other regions. Therefore, the pet accessories market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the pet accessories market growth are:
              • Increase in number of people owning pets and increased spending on pets
              • Advent of smart pet accessories
              The pet accessories market vendors should focus on grabbing business opportunities from the pet toys segment as it accounted for the largest market share in the base year.
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