According to recently published data from Future Market Insights (FMI), the pet apparel market is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2033, from an anticipated US$ 5,115.5 million in 2023 to US$ 8,738 million by 2033.
A global study on pet gear found that it fulfils practical and decorative purposes, keeps pets safe from the elements, and enhances their appearance. The sector is expected to grow gradually as a result of an increase in pet ownership and pet owners’ preference for luxury clothes.
According to the research report, the growing demand for fashionable, environmentally responsible clothing made from recycled or plant-based materials is driving the pet apparel industry. Additional factors contributing to the market’s growth are the popularity of festive costumes and the need for comfortable clothing.
The demand for stylish and opulent pet items is driving the worldwide pet apparel industry, which is driven by the rising pet adoption rate, especially among millennials and Generation Z.
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Key Takeaways
- India’s pet apparel market is anticipated to record a 4.3% CAGR by 2033, driven by rising pet ownership and awareness of pet fashion trends.
- The United Kingdom pet apparel market is predicted to register a CAGR of 4.9% by 2033 as pet owners prioritize comfort and style for their furry friends, fueling demand for chic pet attire.
- China’s pet apparel industry is expanding at an estimated 5.5% CAGR, driven by a rising middle class and their preference for providing their pets with fashionable and useful clothing alternatives.
- Australia’s pet apparel industry is expected to expand at a CAGR of 3.8% as owners look for ways to show off their style while shielding their cherished pets from changing weather conditions.
- Japan’s pet apparel industry is expanding at a 4% CAGR, propelled by the country’s great passion for animals and commitment to ensuring that its four-legged friends are well-dressed in stylish and useful clothing.
“Growing trend is driven by a desire among pet owners to provide comfort and style to their beloved animals, with a particular focus on seasonal and functional clothing. This burgeoning market offers ample opportunities for businesses to cater to this niche by offering a diverse range of pet apparel.”
Competitive Landscape
Large multinational firms with broad product portfolios, well-known brands, and huge distribution networks dominate the market, including Petco, PetSmart, and Amazon. These businesses make use of their economies of scale and long-standing connections with suppliers to provide pet owners with affordable prices and a variety of options.
Smaller specialty firms that focus on particular areas of the pet apparel market are growing in this industry. To set themselves apart from more established competitors, these businesses frequently emphasize distinctive designs, premium materials, and individualized customer experiences. They cater to certain customer preferences, such as eco-friendly or handmade goods, or they target particular pet breeds.
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Key Companies Profiled:
- Pet Factory Company
- ABO Gear
- Body Glove Pet
- Good2Go
- Hip Doggie
- Moshiqa
- Petstock
- Hunter International GmbH
- Insect Shield
- MILK&PEPPER
- Bedhead Pajamas Inc.
Recent Developments
- Major Dog Clothing introduced its first line of dog clothing in 2021, which was developed and manufactured in Australia to promote local employment and open manufacturing.
- To launch its first-ever dog brand in 2023, Tommy Hilfiger partnered with Kanine Pets World Limited on June 14, 2022. The collection may include a range of clothing, accessories, and home products. The collection consists of every variation of the red, white, and blue hues typical of the fashion retailer.
Global Pet Apparel Market 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
- The Middle East and Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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