Fri, 09 Dec 2022

The market for pet clothing market is anticipated to reach a value of $7 Bn by 2032, with sales increasing at a CAGR of 5% throughout that time.

The growing trend of pet humanization across the globe is anticipated to boost market growth. Sales in the market are being driven by the introduction of upscale pet clothing created through partnerships with well-known fashion brands like H&M and Ralph Lauren.

The prevalence of pet fashion influencers, small pet apparel firms, and improvements in product design are also contributing to the industry's rising trajectory. For instance, Boobie Billie, the fashionable Instagram dog, just unveiled a high-end clothing line. Recently, Dsquared2 and Poldo Canine Couture worked together to create a comprehensive line of dog apparel and accessories.

Demand for pet gear is anticipated to increase due to the existence of non-profit groups devoted to animal welfare. The market will grow as a result of demand from animal shelters, animal protection groups, and communities that are worried about stray animals.

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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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Global Pet Apparel Market by Category

By Product Type:

  • Coats
  • Jackets
  • Shirts & Tops
  • Sweaters & Hoodies
  • Others

By Material Type:

  • Cotton
  • Polyester
  • Lenin
  • Others

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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

Have a Look at Related Research Reports of Retail and Consumer Product Domain:

Nutricosmetics Market: As per newly released data by Future Market Insights (FMI), the Nutricosmetics market is estimated at USD 6.43 billion in 2022 and is projected to reach USD 12.15 billion by 2030, at a CAGR of 8.28% from 2022 to 2030.

Pet Care Market: The global pet care market is set to enjoy a valuation of US$ 199 Bn in 2022, and further expand at a high CAGR of 6.1% to reach US$ 338.5 Bn by the year 2031.

Antimicrobial Wipes Market: The global antimicrobial wipes market size is currently valued at around US$ 9 Bn and is anticipated to progress at a high CAGR of 11% through 2032.

Horse Riding Equipment Market: Horse riding equipment spending increased three fold in past five years, says FMI in a recently published report on horse riding equipment market

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The post Pet Apparel Market will be Valued at US$ 5.1 billion by 2022 and is Anticipated to Expand at a Rate of 5.0% CAGR from 2022 to 2032 | FMI appeared first on Future Market Insights.

Original Source of the original story >> Pet Apparel Market will be Valued at US$ 5.1 billion by 2022 and is Anticipated to Expand at a Rate of 5.0% CAGR from 2022 to 2032 | FMI

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This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

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