June 28, 2022 04:00 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
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NEWARK, Del, June 28, 2022 (GLOBE NEWSWIRE) -- The global pet apparel market is expected to surpass a valuation of US$ 7 Bn by 2032, with sales growing at a 5% CAGR over the forecast period.
Increasing trend of pet humanization across the globe is expected to augment the growth in the market. The advent of premium pet attire through collaborations with well-known fashion labels such as H&M and Ralph Lauren is propelling sales in the market.
Furthermore, the industry is experiencing an upward trend as a result of the prevalence of pet fashion influencers, small pet apparel businesses, and product design advancements. For example, Boobie Billie, the stylish Instagram dog, has launched a high-end fashion brand. Dsquared2, which just collaborated with Poldo Canine Couture to develop a full collection of dog clothes and accessories.
The presence of non-profit organizations dedicated to animal welfare is expected to spur demand for pet apparel. The demand for dog and animal clothes from shelters, animal protection organizations, and communities concerned about stray animals will boost the market.
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“Rising concerns regarding pet care and safety amid harsh weather conditions, along with increasing demand for premium pet apparel will augment the growth in the market,” says an FMI analyst.
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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Future Market Insights, in its new offering, provides an unbiased analysis of the global pet apparels market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the pet apparels market based on the product type (coats, jackets, sweaters & hoodies, & others), pet type (dogs, cats & others), material type (cotton, polyester, Lenin & others) sales channel (supermarkets & hypermarket, retailers & wholesalers, direct sales, pet specialty stores, online retailers & other sales channel) across seven major regions.
Global Pet Apparel Market by Category
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1.3. Summary of Key statistics&
3.1. Key Trends Impacting the Market
3.3. Future Prospects of Pet Apparel Market
4. Global Pet Apparel Market Demand Analysis 2017-2021 and Forecast, 2022-2032
5. Global Pet Apparel Market - Pricing Analysis
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