Owning pets (primarily cats and dogs) is increasingly becoming a mainstream hobby across several regions worldwide. Due to immense benefits for physical, mental as well as emotional health, people are now more inclined towards owning pets. Moreover, pet owners are now observed to spend more money than ever on related pet products and services. Today, pets are more considered as a family member, leading to higher demand for quality pet food and related products. This has been one of the major factors driving the pet products market. Pet products refer to accessories (excluding food and medicine) used for pet wellbeing as well as convenience to the pet owner. These may include feeding bowls/trays, bedding equipment, toys, collars and leashes, cages and several others.

One of the most prominent factors driving the pet products market growth is the consistently rising expenditure over 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 the people worldwide. Due to growing emotion towards ‘pet as a family member’, people are now more actively spending over pet accessories so as to ensure their optimum comfort and health. Availability of variety of designs and styles in pet products too plays a prominent role in the driving the market growth. All of the above factors are estimated to ensure a 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 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on product type and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on 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.

In order to help strategic decision makers, the report also includes competitive profiling of the leading providers of pet products, market positioning and key developments. 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 the 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.

As of 2016, the global pet products market was led by the toys segment. The toys segment contributed to over 40% of the total market revenue generated worldwide. Pet toys are considered among the highest spent upon category after pet food, medicines and vet care. Majority of the pet owners prefer spending heavily on toys in order to ensure their pets have a healthy lifestyle. The segment is followed by the leashes and collars segment. The accounts for more than 10% of the total revenue generated globally. In the following years, the two segment would continue dominating the market across the world.

As of 2016, the global pet products market was dominated by the North America 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 the households in the U.S. own a pet, with cats and dogs being the majority of pets owned. This makes the U.S. a huge marketplace for related pet products such as food, medicines and accessories. Due to continually growing expenditure over pet related products since the past few years, the pet products market here 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 here and awareness regarding pet owning has substantially driven the pet industry here. Subsequently, the region would register high growth in the market over the forecast period.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Pet Products market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Pet Products market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Pet Products market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Pet Products market?
• Which is the largest regional market for Pet Products market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Pet Products market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Pet Products market worldwide?