According to a new report published by Allied Market Research, titled, “Pet Clothing Market by Product Type (Shirts and Tops, Coats and Jackets, Sweater and Hoodies, Others), by Pet Type (Dogs, Cats, Others), by Distribution Channel (Offline, Online), by Pet Owner (Gen X, Millennial, Baby Boomer, Gen Z, Builder): Global Opportunity Analysis and Industry Forecast, 2021-2031″. The pet clothing market was valued at $5.19 billion in 2021, and is estimated to reach $7.66 billion by 2031, growing at a CAGR of 4% from 2022 to 2031.
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The pet clothing market is experiencing growth owing to increased pet ownership across the globe due to rise in consumers’ disposable income and increase in awareness regarding the health benefits of having a companion. The major factors driving the growth of the global pet clothing market include rise in trend of nuclear families, rapid humanization of pets, and increase in awareness about pet health. Surge in pet ownership among the millennials and generation Z along with the rapidly penetrating social media and e-commerce platforms across the globe significantly boosts the pet care market growth.
As per the pet clothing market analysis, the market is segmented based on the product type, pet type, distribution channel, pet owner, and region. Based on the product type, the market is segregated into shirts and tops, coats and jackets, sweater and hoodies, and others. Based on the pet type, the market has been divided into dogs, cats, and others. Depending on the distribution channel, it is segmented into offline and online channels. On the basis of pet owner, it is segmented into Gen X, millennial, baby boomer, Gen Z, and builder. Region-wise, the pet clothing market is analyzed into North America, Europe, Asia-Pacific, and LAMEA.
On the basis of pet clothing market demand, by distribution channel, the online is estimated to be the fastest-growing segment during the forecast period. This is attributable to the rising adoption of smartphones and increasing access to the internet. According to the International Telecommunication Union (ITU), around 4.9 billion people were using internet in 2021, across the globe.
by product type, the shirts and tops was the dominant segment with around 37.2% of the pet clothing market share in 2021 and is expected to retain its significance during the forecast period. The sweater and hoodies is expected to be the fastest-growing segment, owing to the rising demand for the sweaters and hoodies in the cold climatic regions like Europe. According to the American Society for the Prevention of Cruelty to Animals (ASPCA), animals with very short hairs such as Greyhounds, Whippets, Chihuahuas, and Miniature Pinschers need to wear sweaters and hoodies, as they are vulnerable to cold temperatures.
On the basis of pet clothing market trends, by pet type, the market was dominated by the dogs segment. The huge adoption of dogs and rising expenditure on dog clothing has fueled the growth of this segment across the globe. According to the latest data from European pet food industry federation (FEDAIF) there are 92 million dogs as pet in Europe and according to the survey of the American Pet Products Association (APPA) in 2021, 69 million households in America have dogs as their pet.
By pet owner, the millennial segment dominated the market in 2021. Millennials are the largest demographic of pet owners in the U.S., and across the globe. According to American Pet Product Association (APPA) there are 32% pet owners in U.S. that belong to millennial generation.
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Region-wise, North America dominated the global pet clothing market in 2021. The huge adoption of pets, rising pet humanization trend, and increasing expenditure on pets are the prominent drivers of the North America pet clothing market. As per American Pet Products Association, more than 65% of U.S. households owns a pet.
Key findings of the study:
• The global pet clothing market size was valued at $5,190.8 million in 2021, and is estimated to reach $7663.7 million by 2031, registering a CAGR of 4.0% from 2022 to 2031.
• By product type, the sweater and hoodies segment is estimated to witness the fastest growth, registering a CAGR of 4.5% during the forecast period.
• In 2021, depending on pet type, the dogs segment was valued at $2,084.7 million, accounting for 40.2% of the global pet clothing market share.
• In 2021, the U.S. was the most prominent market in North America, and is projected to reach $1,668.3 million by 2031, growing at a CAGR of 3.2% during the forecast period.
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