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According to a new report, published by KBV research, The Global Pet Clothing Market size is expected to reach $6.3 billion by 2028, rising at a market growth of 4.0% CAGR during the forecast period.
The Online segment is showcasing a CAGR of 6% during (2022 - 2028). This is a result of more people having access to the internet and more people using cell phones. The availability of custom clothing options for one’s pets is bringing more customers to such services. Additionally, the aggressive marketing tactics used by different online platforms, such as Petsmart, Petco, and Allivet, which focus on selling different pet products, are greatly assisting the development of the online channels.
The Shirts & Tops segment acquired maximum revenue share in the Global Pet Clothing Market by Product Type in 2021 thereby, achieving a market value of $2.8 billion by 2028. It is due to the increasing demand for sweaters and hoodies in areas with cold climates. Animals with very short hair, such as Greyhounds, Whippets, Chihuahuas, and Miniature Pinschers, need to wear sweaters and hoodies because they are vulnerable to cold temperatures, according to the American Society for the Prevention of Cruelty to Animals (ASPCA).
The Baby Boomer segment has shown the growth rate of 3.7% during (2022 - 2028). Baby boomers are defined as the generation preceding generation x, that is, people born between 1946 and 1964. The separation from family and health concerns among this elderly population has pedaled the growth of this segment. Older people need companion to spend their time and feel associated, which is surging the demand for pet clothing in the coming years.
The Dogs segment is generating highest revenue share the Global Pet Clothing Market by Pet Type in 2021 thereby, achieving a market value of $3.0 billion by 2028. Dogs can significantly help in improving the health of their owners. They affect children's social and cognitive growth, as well as their emotional growth. Dogs also encourage an active lifestyle and offer companionship. In many situations, dogs have even been used to spot cancer or impending epileptic episodes.
The North America market dominated the Global Pet Clothing Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.2 billion by 2028.The Europe market is exhibiting a CAGR of 3.7% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 4.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/pet-clothing-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Stryker Corporation, Johnson & Johnson, Medline Industries, Inc. (Centurion Medical Products Corporation), Medtronic PLC, Steris Healthcare, Arjo Group (ReNu Medical, Inc.), Cardinal Health, Inc. (Sustainable Technologies), Avante Health Solutions, Konoike Group, and Vanguard AG.
By Distribution Channel
By Product Type
By Pet Owner
By Pet Type
By Geography
Companies Profiled
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