Global pet clothing market set to grow to $9.87 billion by 2033 driven by increasing pet ownership

From GlobeNewswire: 2024-08-04 06:00:00

The Global Pet Clothing Market is set to grow from $5.67 billion in 2023 to $9.87 billion by 2033, with a CAGR of 5.70%. Pet clothing is becoming increasingly popular worldwide, driven by growing pet ownership and concerns for pet health. High costs of research and development are a barrier to industry growth.

The market includes products like sweaters, hoodies, shirts, and tops for pets, with the shirt and top category projected to hold a sizable share. People are buying matching outfits for themselves and their pets, driving industry growth. The dog segment is expected to lead the market due to high dog ownership rates.

North America is expected to dominate the pet clothing market due to its affluent population and high disposable income. The region’s fashion trends influence pet clothing choices. In contrast, Asia Pacific is forecasted to grow the fastest, driven by increasing pet ownership and the humanization of pets in the region.

Major vendors in the pet clothing market include Petrageous Designs, Milk & Pepper, TRIXIE Heimtierbedarf, and others. Brands are increasingly using sustainable materials like organic cotton, recycled polyester, and vegan leather to appeal to environmentally-conscious pet owners. The market is segmented by product type, pet type, and region, with a focus on global, regional, and country-level revenue forecasts.

Spherical Insights & Consulting provides market research and consulting services for various industries. The company offers actionable insights for decision-makers and aims to help businesses achieve their objectives. For more information on the pet clothing market and related reports, contact Spherical Insights & Consulting.



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