Press Release

Pet Utility Products Market 2020 Global Leading Players Future Analysis, Trends, Industry Updates and Forecast 2026

Pet Utility Products Market 2020 Global Industry Share, Size, Regional Growth Analysis and Forecast 2026

The global “pet utility products market” is set to gain traction from the rising ownership of pets and growing concerns about their health. The American Pet Products Association (APPA) conducted a 2019-2020 National Pet Owners Survey. As per the survey, approximately 67% of families in the U.S. own a pet. The survey was first conducted in 1988, and during that very year, the rate was 56%. It proves that more and more households are focusing on owing pets and investing huge sums on their care as it is considered to be a mark of sensitivity and social status in today’s world. Besides, the products for pets are nowadays very easily available and are pocket-friendly. This factor would affect the market positively in the coming years.

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Key Players Operating in The Pet Utility Products Market Include:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

  • NITE IZE
  • IRIS USA
  • Outward Hound
  • Costal Pet Products Inc.
  • Innovation Pet
  • Cycle Dog
  • Petco Animal Supplies Inc.
  • Hyper-Pet LLC
  • PT Labs, LLC
  • K & H PET PRODUCTS
  • ThinkRace Technology
  • Bed Bath & Beyond Inc.
  • Honest Pet Products LLC
  • PET PARENT
  • Simply Fido
  • MidWest Homes for Pets
  • Other key market players

Increasing Urbanization to Boost Growth of Market

The number of nuclear families is increasing day by day across the world. It is coupled with the changing perception of the masses towards animal healthcare and the increasing number of pet owners. In addition to that, an upsurge in the connectivity programs and rapid urbanization in the developing nations are giving rise to the increasing usage of various online platforms to purchase new products. Also, at present, there is a trend of pet humanization that is becoming popular amongst the populaces. It refers to the treatment of pets with more care and hygiene. Therefore, manufacturers are producing ethically-viable products. However, some of the manufacturers are resourcing cheap quality products that may hinder the growth of the market.

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North America to Dominate Backed by Increasing Expenditure on Pets

Geographically, the market is segregated into Latin America, Europe, Asia Pacific, the Middle East and Africa, and North America. Out of these, North America is expected to lead in terms of pet utility products market revenue during the forecast period. This growth is attributable to the rising expenditure on pets, as well as their products. As per the APPA, in the U.S., from 2017 to 2018, around 393 million pets were owned by families. It would drive the growth of the market in this region.

Europe, on the other hand, is set to grow significantly stoked by increasing concerns regarding pet healthcare. The Middle East and Africa, Latin America, and Asia Pacific would exhibit steady growth backed by rising awareness programs about animal health, upgradation of health reforms, and enhanced distribution channels in these regions.

Pet Utility Products Market Segmentation:

By Product Type

  • Pet Collars
  • Leashes
  • Feeding Accessories
  • Others

By Animal Type

  • Dogs
  • Cats
  • Birds
  • Others

By Distribution Channel

  • Veterinary Hospital & Clinics
  • Pet Shops
  • Online Stores
  • Others

By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

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Report Focus:

  • Extensive product offerings
  • Customer research services
  • Robust research methodology
  • Comprehensive reports
  • Latest technological developments
  • Value chain analysis
  • Potential Pet Utility Products Market opportunities
  • Growth dynamics
  • Quality assurance
  • Post-sales support
  • Regular report updates

Reasons to Purchase this Report:

  • Comprehensive analysis of the Pet Utility Products Market growth drivers, obstacles, opportunities, and other related challenges.
  • Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
  • Identifies market restraints and boosters.
  • Identifies all the possible segments present in the market to aid organizations in strategic business planning.

KEY QUESTIONS ANSWERED:

  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?
  • What Factors are estimated to drive and restrain the Pet Utility Products Market growth?
  • What are the key technological and market trends shaping the market?
  • What are the key opportunities in the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?

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Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

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