Pet clothing industry statistics is Anticipated to Grow at a Rate of 5.0% CAGR from 2022 to 2032 | FMI
The market for pet clothing Industry Statistics is predicted to grow at a CAGR of 5% over the next seven years, reaching a value of $7 Bn by 2032. Market growth is predicted to be boosted by the global trend toward pet humanization. The debut of posh pet apparel developed through collaborations with well-known clothing companies like H&M and Ralph Lauren is driving market sales. Small pet clothing businesses, the prominence of pet fashion influencers, and advancements in product design are all factors in the industry's upward trajectory. For instance, the stylish Instagram dog Boobie Billie just announced a high-end apparel line. A recent collaboration between Dsquared2 and Poldo Canine Couture resulted in the development of a complete line of dog clothing and accessories. Due to the existence of non-profit organisations dedicated to animal welfare, it is projected that demand for pet gear would rise. The demand from animal shelters, animal protection organisations, and communities concerned about stray animals will cause the market to expand. 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 clothing industry statistics over the forecast period, with sales growing at a 4% CAGR through 2032. • Demand in the India pet clothing industry statistics 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. Global Pet clothing industry statistics by Category By Product Type: • Coats • Jackets • Shirts & Tops • Sweaters & Hoodies • Others By Material Type: • Cotton • Polyester • Lenin • Others 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
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