Dog Carrier Bags Market Forecast and CAGR
The global dog carrier bags market is gaining momentum and is projected to expand at over with impressive growth rate during forecast period. A new report on dog carrier bags by Fact.MR offers detailed insights of the global industry, key trends, and demand-supply patterns for the forecast period of 2021 to 2031. As stated in the report, North America and Europe will hold a major pie of the global industry share, while the market in Asia Pacific will register the fastest growth over the next ten years.
What is Driving Demand for Dog Carrier Bags?
Mounting pet adoption rate especially among millennial. These sudden spike in adoption rate in last decade is seen aftereffect of increasing importance of mental health. According to American Pet Product Association (APPA) more than 49% of millennial pampers their pet as it provide them with happiness and these act as emotional support.
One of the most important factor driving demand for dog carrier bags is their availability in various shape, size and color. Apart from appearance they also provide ease of carrying ones pet around while on a trip or recreational activity. It also provide warmth and comfort to dogs.
Increasing number of dog influencers on social media sites such as Facebook and Instagram has coined “Dogfluencers” as a term associated with person owning a dog. These influencers have actively changed pet fashion and dressing industry asa whole. Collaboration between key player and such influences has resulted in changing way of petting across globe.
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How is Human and Dog Relationship during Pandemic?
COVID-19 pandemic prompted vulnerability of extreme wellbeing and financial concerns. Research studies has shown that claiming a partner creature, like a dog or cat, has benefits for great psychological wellness. Having pets around and interaction with them may assist with anxiety, particularly under stress-prone conditions.
Furthermore, social isolation during these time of pandemic has also resulted in increasing dog adoption rate across globe. Countries such as US, UK and China with higher individualism index has experienced sudden breakout of pet adoption index.
Mounting demand for pet has also resulted in providing numerous market opportunities for pet accessories and food products. With ascending dog adoption rate and mounting emotional attachment with pets in last decade has resulted in advancing demand for pet associated products and services. However, as aftereffect of halted production and disrupted supply chain has negatively impacted demand from supply side of the product.
US and UK Dog Carrier Bag Market Outlook
United States is seen as one of the largest market in terms of dog carrier bag market accounting sizable chunk if pie in at global level. With pet dog population of more than 89.7 Mn and increased spending towards pet care products & accessories. Dog owners like to cars their pets when going for walk or on a trip. These has also resulted in facilitating numerous market opportunity, as dog carrier bag provide ease of carrying ones pet with him/her.
Fact.MR projects moderate growth for dog carrier bag market in UK based market. By end of 2020, UK had more than 9 million dogs. This is due to fact that 44% of household have adopted pets which is nearly 12 million households. These adoption and pet ownership rate of UK has collectively grown with growth rate of more than 10% in last decade. Aforementioned, factor will result in facilitating numerous market opportunities for dog carrier bag in these region.
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Asia Pacific Demand Outlook for Dog Carrier Bags
Asia Pacific region is seen as most lucrative region backed by increasing adoption of dogs and mounting influence of social media influencers. Though Asia Pacific region accounts or small share in terms of value of the market, it is poised to grow with impressive growth rate during the forecast period.
China is considered as one of most dynamic market for dog carrier bags in Asia Pacific based region. Followed by China, India is seen as one among emerging market across globe with increasing influence of social media and changing fashion trends.
Who are the Key Manufacturers and Suppliers of Dog Carrier Bags?
Some of the leading manufacturers of dog carrier bag include
- ALEKO Products
- Suzhou Pet Age.
Prominent players in these market are more focused towards production pet bubble backpack as it results in higher profitable margin.
Furthermore, key manufacturers of pet accessories are partnering with online sales channel to ensure their global presence and provide their client with enhanced and secured product and its associated services. Services includes generation of session report, application support & maintenance and device interface update.
An Adaptive Approach to Modern-day Research Needs
Dog Carrier Bags Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
By Bag Type
- Hand Held
By Sales Channel
- Modern Trade
- Franchised Outlets
- Specialty Store
- Online Channel
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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