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Pet Products Market By Product Type (Feeding, Bedding, Playing and Chewing Toys, Leashes and Collars, Cages, Crates and Carriers ) - Growth, Future Prospects & Competitive Analysis, 2017- 2025

Owning pets (primarily cats and dogs) is increasingly becoming a mainstream hobby across several regions worldwide. People are becoming more inclined to own pets due to the numerous benefits for physical, mental, and emotional health. Furthermore, pet owners are now spending more money than ever on pet-related products and services.

Today, pets are more often considered family members, leading to a higher demand for quality pet food and related products. This has been one of the major factors driving the pet product market. Pet products refer to accessories (excluding food and medicine) used for the pet's well-being as well as the convenience of the pet owner. These may include feeding bowls or trays, bedding equipment, toys, collars and leashes, cages, and several others.

One of the most prominent factors driving the pet products market's growth is the consistently rising expenditure on pet products across the world. With the growing inclination of people towards owning a pet, the demand for related products is estimated to remain strong in the following years. For instance, as of 2016, nearly half of the total number of households in the U.S. own a pet, making the country a huge market for related pet food and products.

Another major factor fueling the market growth is the growing discretionary income of people worldwide. Due to the growing emotion towards "pets as family members," people are now actively spending on pet accessories so as to ensure their optimum comfort and health. The availability of a variety of designs and styles in pet products also plays a prominent role in driving the market growth. All of the above factors are estimated to ensure healthy growth across the pet products market over the following years.

The report titled "Global Pet Products Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global pet products market along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on product type and a cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2016 and 2025.

The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report covers a section providing production and pricing trends in some of the major markets.

The report also includes competitive profiling of the leading providers of pet products, market positioning, and key developments to assist strategic decision-makers. Some of the major players profiled in the report are Ancol Pet Products Limited, Beaphar International, Ferplast S.p.A., Rolf C. Hagen, Inc., Rosewood Pet Products, Hartz Mountain Corporation, Larz Dog Products, Planet Dog, Inc., Mammoth Pet Products, and RC Pet Products Limited.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the pet products industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)

Overall, the research study provides a holistic view of the global pet products market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

The global pet products market is segmented, based on product type, into the following categories:

  • Feeding Products
  • Bedding Products
  • Playing and Chewing Toys
  • Leashes and collars
  • Cages and Carriers
  • Others (cat litter, grooming tools, clothing, accessories, etc.)

As of 2016, the global pet products market was led by the toys segment. The toys segment contributed over 40% of the total market revenue generated worldwide. Pet toys are among the most expensive categories, following pet food, medications, and veterinary care. The majority of pet owners prefer to spend heavily on toys in order to ensure their pets have a healthy lifestyle. The leashes and collars segment follows. It accounts for more than 10% of total revenue generated worldwide. In the following years, the two segments would continue dominating the market across the world.

The global pet products market has been segmented on the basis of geographical regions, as per the following regions and countries:

North America

  • U.S.
  • rest of North America

Europe

  • U.K.
  • Germany
  • France
  • Rest of Europe

Asia Pacific

  • Japan
  • China
  • India
  • Rest of Asia Pacific

Rest of the World (RoW)

  • Middle East and Africa (MEA)
  • Latin America

As of 2016, the global pet products market was dominated by the North American region. The region accounted for more than 40% of the global revenue in the same year. The market here is primarily backed by the U.S., contributing to more than 80% of the overall regional revenue. More than 50% of households in the U.S. own a pet, with cats and dogs being the most common. This makes the U.S. a huge marketplace for related pet products such as food, medicines, and accessories. Due to continually growing expenditure on pet-related products over the past few years, the pet products market is set to continue dominating the global industry over the forecast period.

Nevertheless, Asia Pacific is poised to register the highest growth in the overall pet products market worldwide. Rising economic growth and awareness regarding pet ownership have substantially driven the pet industry here. Subsequently, the region would register high growth in the market over the forecast period.

Frequently Asked Question:

The market for Pet Products Market is expected to reach USD$ 24.82 Bn in 2025.

The Pet Products Market is expected to see significant CAGR growth over the coming years, at 3.3%.

The report is forecasted from 2017 -2025.

The base year of this report is 2016.

Ancol Pet Products Limited, Beaphar International, Ferplast S.p.A., Rolf C. Hagen, Inc., Rosewood Pet Products, Hartz Mountain Corporation, Larz Dog Products, Planet Dog, Inc. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Oct 2017
Category:  Technology & Media
Report ID:   58758
Report Format:   PDF
Pages:   120
Rating:    4.8 (70)
Delivery Time: 24 Hours to 48 Hours   
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