Pet Clothing Market Size to Hit USD 7.0 Billion by 2028; Introduction of Innovative Clothing to Stoke Demand: Fortune Business Insights
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Source: Fortune Business Insights
March 16, 2021 09:18 ET
Pet Clothing Market Size to Hit USD 7.0 Billion by 2028; Introduction of
Innovative Clothing to Stoke Demand: Fortune Business Insights™
Top players covered in the global pet clothing market are L. Shareholding Company Ltd., MEDICAL PET SHIRTS
INTERNATIONAL B.V., Bitch New York, Moshiqa, PetRageous Designs LLC., MILK&PEPPER, TRIXIE
Heimtierbedarf GmbH & Co. KG, PETstock, CANADA POOCH, BedheadPajamas Inc., and other key market
players
Pune, India, March 16, 2021 (GLOBE NEWSWIRE) -- The global pet clothing market size is expected to
showcase considerable growth by reaching USD 7.0 billion by 2028. Fortune Business Insights published this
information in its latest report, titled, “Pet Clothing Market Size, Share & COVID-19 Impact Analysis, By Product
Type (Coats & Jackets, Sweaters & Hoodies, Shirts & Tops, and Others), Pet Type (Dogs, Cats, and Others),
and Regional Forecast, 2021-2028.” The report further mentions that the market stood at USD 5.01 billion in 2020
and is projected to exhibit a CAGR of 4.4% between 2021 and 2028. Factors such as the growing preference for
sustainable clothing and the increasing focus on the introduction of innovative pet clothing is expected to favor the
market growth during the forecast period.
COVID-19 Impact: Market to Hit USD 5.17 Billion in 2021
The COVID-19 pandemic has led to the shutdown of several garment stores globally. Moreover, lockdown
measures have been announced to contain the spread of the disease globally. However, the market is expected
to reach USD 5.17 billion in 2021 due to the increasing sales of pet-based apparels and accessories through
online platforms. For instance, in April 2020, Chewy, a U.S. retailer of pet apparel supplies, reported a spike of
46.2% in its online sales that accounted to over USD 1.6 billion in the first quarter of 2020.
Fortune Business Insights™ lists out the names of all the organizations present in the global market. They are as
follows:
L. Shareholding Company Ltd. (Oxford, U.K.)
MEDICAL PET SHIRTS INTERNATIONAL B.V. (Bleiswijk, Netherland)
Bitch New York (New York, U.S.)
Moshiqa (Los Angeles, U.S.)
PetRageous Designs LLC. (Massachusetts, U.S.)
MILK&PEPPER (Cholet, France)
TRIXIE Heimtierbedarf GmbH & Co. KG (Tarp, Germany)
PETstock (South Melbourne, Australia)
CANADA POOCH (Toronto, Canada)
BedheadPajamas Inc. (California, U.S.)
Get Sample PDF Brochure with Impact of COVID19:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/pet-clothing-market-104419MARKET SEGMENTATION:
We have segmented the global market for pet clothing based on product type, pet type, and region.
On the basis of product type, the market is segregated into Coats & Jackets, Sweaters & Hoodies, Shirts & Tops,
and Others.
Based on product type, the coats and jackets segment held a market share of about 22.65% in 2020 and is
anticipated to experience exponential growth between 2021 and 2028. This is attributable to increasing
preference for different colored coats and jackets by consumers across the globe.
On the basis of pet type, the market is categorized into dogs, cats, and others. Lastly, based on region, the
market is divided into North America, South America, Asia-Pacific, the Middle East and Africa, and Europe.
What does the Report Provide?
The global market report provides qualitative and quantitative analysis of several factors such as the key drivers
and restraints that will affect the growth. Furthermore, the report provides insights into the regional segment that
covers different regions, which are contributing to the growth of the market. It also includes the competitive
landscape that involves the leading companies and the adoption of strategies by them to introduce new products,
announce partnerships, and collaboration that will further contribute to the market growth during the forecast
period. Moreover, the research analyst has adopted several research methodologies to obtain information about
the current trends and industry developments that will drive market growth between 2021 and 2028.
DRIVING FACTORS
Growing Preference for Sustainable Clothing to Propel Market Growth
The increasing concern related to the disposal of plastic is propelling the demand for plant-based fabric such as
hemp, cotton, and other. Fashionable clothing may often result in growing discomfort for pets such as Labradors
and Golden Retrievers due to tight-fitting or skin allergies. Therefore, the manufacturers are focusing on
developing sustainable clothing that will protect the pets from harsh climate and other external factors. Therefore,
the high demand for sustainable fabric is expected to bode well for the global pet clothing market growth during
the forecast period. For instance, in November 2020, K9 Wear, a dog apparel manufacturer, announced the
launch of patented, highly comfortable harnesses and garments for pet dogs. The products are available across
several stores globally.
Get your Customized Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/pet-clothing-market-104419
REGIONAL INSIGHTS
North America – The region stood at USD 1.70 billion in 2020 and is expected to hold the largest global pet
clothing market share in the forthcoming years. This is ascribable to factors such as the increasing spending
capacity of the pet owners in the region. For instance, as per the data by the American Pet Products Association,
the overall spending on pet supplies and medicinal products stood at USD 19.2 billion in 2019 compared to USD
16.1 billion in 2018.
Asia-Pacific – The market in the region is expected to showcase exponential growth backed by the growing
number of middle-class population who own pets in countries such as Australia and India.
Europe – The region is expected to experience considerable growth during the forecast period. This is attributable
to the presence of a high number of pets in countries such as the UK, Germany, and Netherland that is likely to
boost the adoption of innovative pet clothing in the region.
KEY COMPETITIVE LANDSCAPEProduct Launch by Prominent Companies to Intensify Industry Competition
The global market is fragmented by the presence of major companies striving to maintain their dominance by
developing innovative clothing products to cater to the growing consumer demand globally. In addition to this,
other key players are adopting strategies such as collaboration, partnership, and merger and acquisition that will
contribute to the growth of the market in the forthcoming years.
Browse Summary of This Research Insights with Detailed TOC:
https://www.fortunebusinessinsights.com/pet-clothing-market-104419
Detailed Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Overview of the Parent/Related Markets
Industry SWOT Analysis
Emerging Trends
Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers &
Acquisitions
Qualitative Analysis (in relation to COVID-19)
5.1 Impact of COVID-19
5.2 Supply Chain Challenges
5.3 Potential Opportunities due to COVID-19
Global Pet Clothing Market Analysis, Insights, and Forecast, 2017-2028
Key Findings / Summary
Market Size Estimates and Forecast
By Product Type (Value)
Coats and Jackets
Sweaters and Hoodies
Shirts and Tops
By Pet Type (Value)
Dog
Cat
By Region (Value)
North America
Europe
Asia PacificSouth America
Middle East & Africa
TOC Continued…!
Below is the latest industry developments:
September 2020 - Dsquared2, an Italian apparel brand, announced its partnership with Poldo Dog Couture, an
apparel retailer. Together, the companies introduced an entire line of fashionable dog clothing across stores in
Italy.
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About Us:
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granular overview of the market they are operating in.
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