Dog Hats Market Forecast and CAGR
According to latest research study by FactMR, Dog Hats market is on the urge to showcase substantial growth during 2021-2031. Dog hats demand will witness a surge with optimistic growth outlook as owners are concern about the adverse effect of hot or cold weather on their pets. Also, sun hats also protect your dog's sensitive eyes and face from the sun's harmful UV rays. Furthermore, the key to attracting buyers to dog hats is to provide customization and aesthetics to their pets while still shielding them from the harsh weather.
What is Driving Demand for Dog Hats
Owners of dogs are demanding the benchmark products for their pets. The ever-expanding pet industry does everything it can to create new consumer patterns and draw on dog owners' devotion to their four-legged companions.
According to figures from the pet grooming industry, dog owners spend $73 a year on grooming according to the American Pet Product Association (APPA). Grooming services, shampoos, clippers, combs, apparel accessories and hats are all included in this group
The industry is expected to rise steadily in sales over the forecast period, owing to an increase in the number of dogs and the rising popularity of their clothing and accessories. Dog owners' spending on clothes has increased as their interest in pet fashion trends has grown, and the need to provide them with comfort depending on the weather conditions.
Dog owners are attempting to find advanced and higher-quality hats and clothing for their animals. These factors have contributed to the global expansion of the dog apparel industry. Furthermore, over the projected period, an increase in the number of dogs around the world is expected to have an effect on business development.
In the coming years, rising concerns about pet wellbeing, the launch of innovative, cost-effective pet clothing, and increased health spending on pets are all expected to boost sales for dog hats market.
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Factors Driving Dog Hats Sales
The growing trend among pet owners to buy apparel made of recycled or plant-based fabrics like cotton, hemp, and others is projected to fuel production for sustainable goods. Nowadays, pet owners and their guardians tend to shop for the most recent trendy outfits, matching style trends, and colors for themselves and their pets. As a result, the increasing popularity of such outfits is expected to boost the global pet clothing industry's growth
Every year, people spend over $90 billion on their pets, according to the APPA. According to 2020 pet adoption figures, people would have spent:
- About $38 billion has been spent on food and treats.
- More than $19 billion was spent on supplies and over-the-counter medications.
- More than $30 billion was spent on product purchases and veterinary treatment.
- The remainder — about $10 billion — is spent on “other” costs including grooming, clothing and other accessories.
- The pet clothing industry is so lucrative that brands and labels are moving in for dog clothing, for instance, in collaboration with Poldo Dog Couture, Dsquared2 recently introduced a dog collection.
Owing to aforementioned factors, and the population of dogs across the global is extensively rising thereby, aiding production for the dog clothing and accessories. Moreover the aesthetics, fashion along with health concerns about dogs is achieved through dog hats likely to improve the market over the course of the assessment period.
US Dog Hats Market Outlook
The United States is one of the world's largest markets for dog hats. The US dog hats market is projected to increase during the forecast period of 2021-2031. Sales for dog hats is expected to rise in the coming years with the increasing number of dogs along with dog owners opting for more aesthetic and attractive apparel for their dogs
There are an estimated 78 million dogs in the United States. According to the American Pet Products Association, dogs are present in nearly 44% of all the U.S. households
Pet owners in the country are able to spend money on luxuries such as furniture, clothes, and toys for their dogs, as well as essentials such as collars, bowls and exclusive hats. As a result of these factors, the United States has the largest share of the dog apparel industry.
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How Online Sales Channel will Uphold Dog Hats Market
Manufacturers and suppliers are concentrating their resources on selling their products on a number of ecommerce websites in order to reach a global audience. Companies and online networks have provided a huge opportunity to cooperate in order to increase consumer engagement.
Using cutting-edge online distribution platforms, key players have been able to establish a distinct brand value and provide consumers with a unique experience. The ability to compare prices and product attributes, as well as the availability of a wide range of products offered by different brands, are expected to drive segment development.
Who are the Key Manufacturers and Suppliers of Dog Hats?
Some of the leading manufacturers and suppliers of dog hats include
- SKI Group
- Cature Shield LLP
- Cloudtail India
- endeavour hub
- emily pets
- Happy Hoodie
- Canada Pooch
The market is the highly fragmented with abundant number of players operating on regionally based on the type of hats and material. Thereby, manufacturers are constantly working to customize the physical properties of finished goods to meet the unique needs of pet owners by changing the base material forms. Additionally, pet apparel designers are focusing on the designs and using high-quality fabrics to ensure a superior product and to sustain and extend their regional presence.
An Adaptive Approach to Modern-day Research Needs
Dog Hats 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 footprint
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 Hat Size
- Extra Large
By Sales Channel
- Modern Trade Channels
- Online Channel
- Third Party Website
- Direct to Customer
- Animal Pharmacy
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & 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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