According to a new market report published by Industry Probe (www.industryprobe.com) titled ‘Pet Accessories Market (Type: Outdoor Accessories [Muzzle, Collars, Leashes, and Others], Grooming Accessories [Toothbrush, Scrubbers, Dry Glove & Grooming, Hair Brush, and Others], Food Accessories [Bowls & Dishes, Feeders Ball, and Others], Clothing Accessories [Bow and Tie, Bandana, Jackets, Shirt & t shirt, and Others], and Others; Pet Type: Cat, Dog, Small Pet, and Others; Distribution Channel: Online [Company Owned Website and E-commerce Website] and Offline [Hypermarkets/Supermarkets, Pharmacies, Convenience Stores, and Brand Stores]) – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027,’ the global pet accessories market is expected to reach US$ 4.915 Bn by 2027 and expand at a CAGR of 8.6% from 2019 to 2027.
As per the report, the global pet accessories market was valued at US$ 2.34 Bn in 2018 and is projected to expand at a CAGR of 8.6 % from 2019 to 2027. The report states that North America held a dominant share of the global pet accessories market in 2018, followed by Europe and Asia Pacific. Asia Pacific is expected to be a key market for pet accessories during the forecast period. Increase in consumer spending capacities, disposable income, number of pet owners, and availability of pet accessories market is anticipated to drive the pet accessories market during the forecast period. Rise in popularity of pet accessories is a major factor impacting the growth of the global pet accessories market.
