Pet Clothing Market Size To Reach USD 7 Billion By 2028 |

Pune, India, September 01, 2022 (GLOBE NEWSWIRE) — The global pet clothing market size is expected to grow in magnitude reaching USD 7 billion by 2028 while growing at a CAGR of 4.4% from 2021 to 2028. Fortune Business Insights in its latest report, titled , “Pet Clothing Market, 2021-2028.”, observes that the market was worth $5.01 billion in 2020.

Several companies have carried out campaigns to promote and publicize the innovative pet clothing present in the market. They have actively focused on expanding their reach and facilities, which is driving demand for the product worldwide.

  • For example, in July 2020, PetSmart, the American supplier of pet products, has announced the expansion of its activities by launching a new store in Canada. The store offers several types of products such as animal toys, bandanas and shirts.

The seismic effect of the pandemic, COVID-19, has been felt in several economies around the world which are facing unprecedented economic losses. Due to the containment announced by the government, several industries are at a standstill with limited operational activities. However, combined government and industry efforts are needed to get the economy back on track after the pandemic.

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pet clothing market Report Scope and Segmentation:

Report cover Details
Forecast period 2021-2028
Forecast CAGR 4.4%
2028 value projection $7.0 billion
base year 2020
Size of the pet clothing market in 2020 $5.01 billion
Historical data 2017-2019
Number of pages 170
Segments Covered By product type, by pet type, by region
Pet Clothing Market Growth Factors Increased focus on pet clothing campaign
Growing demand for pet subscription box services

Fortune Business Insights™ lists all companies in the pet clothing market currently working to reduce the impact of the Covid-19 pandemic on the market:

  • L. Shareholding Company Ltd. (Oxford, UK)
  • MEDICAL PET SHIRTS INTERNATIONAL BV (Bleiswijk, The Netherlands)
  • female dog New York (New York, USA)
  • Moshiqa (Los Angeles, USA)
  • PetRageous Designs LLC. (Massachusetts, USA)
  • MILK&PEPPER (Cholet, France)
  • TRIXIE Heimtierbedarf GmbH & Co. KG (Tarp, Germany)
  • PETstock (South Melbourne, Australia)
  • CANON OF CANADA (Toronto, Canada)
  • Bedhead Pajamas Inc. (California, USA)

What does the report provide?

The global market report provides effective analysis of several factors such as key drivers and restraints which will impact on the growth. Additionally, the report provides information on regional analysis which covers different regions, helping the market growth. It understands the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products and collaboration that will further contribute to the growth of the market in the coming years. Additionally, the research analyst has adopted several research methodologies such as PORTER’s Five Point and PESTEL analysis to extract insights on current trends and industry developments that will drive the growth of the market during the forecast period.

DRIVER FACTORS

Increase sales through online support to increase growth

In January 2020, Alibaba.com, a leading Chinese online platform, reported a tenfold increase in cat hanfu sales between December 2018 and December 2019. The increase in sales through online medium and Growing presence of large companies selling their wares are some of the factors that are expected to boost the demand for the product during the forecast period. Additionally, growing demand for pet subscription box services that consist of wide variety of treats, toys, and other treats is expected to aid in the growth of the global pet apparel market in the coming years. coming.

  • For example, in 2020 CouponFollow, an online hub for a range of discount codes and promotions, reported that more than 51% of pet owners in the United States used services related to pet boxes. subscription.

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MARKET SEGMENTATION :

Based on product type, the market is split into:

  • coats and jackets
  • Sweaters and hoodies
  • Shirts and tops
  • Others

On the basis of pet type, the market is split into:

Based on Region, the market is segmented into:

  • 2019 – $1.58 billion
  • 2020 – $1.70 billion
  • Asia Pacific
  • Europe
  • South America
  • The Middle East and Africa

Reasons to get this report:

  • Qualitative and quantitative market research based on segmentation including both economic and non-economic factors
  • Market value data for each section and sub-segment
  • Indicates the region and market segment likely to grow fastest and dominate the market.
  • The consumption of the product/service in each region is highlighted along with the factors affecting the market in each region.
  • The competitive landscape includes market rankings of top players, as well as new service/product launches, collaborations, corporate expansions, and acquisitions made by featured companies in recent years.

Additional conclusion of the report:

  • North America is expected to remain at the forefront and occupy the highest position in the global market in the years to come. This is attributed to the rising trend of purchasing premium pet clothing from countries like the United States in the region. North America was $1.70 billion in 2020.
  • The market in Europe is expected to show considerable growth, supported by the growing focus on styling and grooming pet cats in countries like Germany and Italy, which will drive the adoption of innovative pet clothing company between 2021 and 2028.
  • Based on product type, the coats and jackets segment held a global market share of approximately 22.65% in 2020. The segment is expected to witness considerable growth owing to the wide availability of multicolored coats and jackets preferred by consumers for their pets around the world. .

COMPETITIVE LANDSCAPE

Collaboration between leading companies to expand their product portfolio and increase sales

The market is consolidated by the presence of large companies that strive to maintain their presence by collaborating with other companies. Moreover, other key players are focusing on adopting organic and inorganic approach in their strategies to gain competitive advantage over their rivals, which bodes well for the growth of the market in the coming years.

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Detailed Table of Contents:

  • Introduction
    • Search scope
    • Market segmentation
    • Research Methodology
    • Definitions and assumptions
  • Summary
  • Market dynamics
    • Market factors
    • Market constraints
    • Market opportunities
  • key ideas
    • Overview of parent/related markets
    • Industry SWOT Analysis
    • Emerging trends
    • Recent Industry Developments – Policies, Partnerships, New Product Launches and Mergers & Acquisitions
    • Qualitative analysis (in relation to COVID-19)
      • Impact of COVID-19
      • Supply chain challenges
      • Potential opportunities due to COVID-19
  • Global Pet Clothing Market Analysis, Outlook and Forecast, 2017 – 2028
    • Main results/summary
    • Market size estimates and forecasts
      • By product type (value)
        • Coats and Jackets
        • Sweaters and Hoodies
        • Shirts and tops
      • By type of animal (value)
      • By region (value)
        • North America
        • Europe
        • Asia Pacific
        • South America
        • Middle East and Africa

TOC Continued…!

Industry key development:

  • September 2020– Little Beast, one of the leading suppliers of dog clothes, has launched a new line of fashionable dog clothes such as hoodies, turtlenecks and onesies. The company aims to take advantage of the opportunities presented by the growing demand for innovative pet clothing.

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Frequently Asked Questions (FAQ):

1. How much is the pet clothing market worth?

Answer: According to Fortune Business Insights, the global market size was USD 5.01 billion in 2020 and is expected to reach USD 7.0 billion by 2028.

2. What was the value of the North America market in 2020?

Answer: In 2020, North America was $1.70 billion.

3. At what CAGR is the market expected to grow during the forecast period (2021-2028)?

Answer: With a CAGR of 4.4%, the market will show steady growth over the forecast period (2021-2028).

4. What is the leading segment based on product type?

Answer: Based on product type, shirts and tops segment is expected to dominate the market.

5. What is the key factor driving the global market?

Answer: The recent introduction of pet apparel related campaigns by prominent companies is a key driver for the growth of the market.

6. Who are the main players in this market?

Answer: WL shareholding Company Ltd., Medical Pet Shirts International BV and Bitch New York are the global market players.

seven. Which region had the highest market share?

Answer: North America led the global market in terms of share in 2020.

8. What should drive the adoption of these products?

Answer: Growing demand for a pet subscription box is expected to drive adoption of these products.

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