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Global Pet Clothing Market to Grow at a CAGR of 4.56% During 2022-2027, Driven by the Introduction of Sustainable Pet Clothing

According to a new report by EMR titled, ‘Global Lidar Drone Market Report and Forecast 2022-2027’, the global pet clothing market attained a value of about USD 5.2 billion in 2021. The market is further expected to grow at a CAGR of 4.56% during the forecast period of 2022-2027 to reach nearly USD 6.8 billion by 2027.

The global market for pet clothing is predominantly being driven by the rising demand for functional and stylish apparel from pet owners. There has been an increase in the number of pet adoptions in recent years owing to inflating disposable incomes and trends surrounding the humanisation of cats and dogs, thereby driving the market growth of pet clothing. In addition to this, owing to trends surrounding sustainability in fashion, market players of pet garments are introducing sustainable pet apparel that is made up of recycled or plant-based fabric such as cotton, which is breathable, affordable, and sustainable. With the growing number of animal sports events and beauty events, the demand for functional pet clothing such as water-resistant jackets and skirts, and tuxedoes, respectively are stimulating the growth of the market. Additionally, promotional and marketing strategies employed by market players, such as the introduction of matching clothes, are further leading the growth of the industry.

Mission Pets, a leading player in the global market for pet clothing and accessories, announced the acquisition of the Harry Barker brand of fashion-forward and ecologically conscious pet accessories in August 2017. This is aimed at bringing sales channel diversification to Mission Pets, allowing the company to expand beyond mass retail. Harry Baker is a leading name for the production of innovative and beautifully designed products and pet owners with features in leading magazines like Vogue and People. Such developments are leading to the growth of the market. The market is further being expanded by the availability of pet products via online retail channels such as Amazon (NASDAQ: AMZN).

Market Analysis by Product, End-User, and Region:

  • On the basis of product, the market can be segmented into sweaters, skirts, and jackets, among others. 
  • Based on end-user, the market can be divided into dogs and cats, among others.
  • The major regional markets for the product include North America, Latin America, Europe, the Asia Pacific and the Middle East and Africa.

Key Findings of the Report:

  • The market is being driven by the rise in the number of pet adoptions, especially by the millennial and Gen-Z population.
  • Innovations in product designs and the launch of unique clothing for specific functions such as raincoats, dresses, tuxedoes, and t-shirts, among others, are invigorating the growth of the market.
  • The rising disposable incomes, growing purchasing power, and the easy availability of pet clothing via online retail channels are favouring the growth of the market.
  • The launch of sustainable pet fashion by leading market players owing to rising concerns regarding sustainability is proving impetus to market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global pet clothing industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for products, end-users, and major regions.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global pet clothing market are ABO Gear, Body Glove Pet, Bootique, Good2Go, and Hip Doggie, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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