Dog Vest Market forecast and CAGR
According to the latest research study by Fact.MR, Dog vest market is set to witness substantial growth during 2021-2031. Dog vest demand will witness a surge with an optimistic growth outlook on the back of pet adoption, increasing pet humanization i.e., considering the pet as part of the family.
Over the past five years, thousand-year and Generation Z consumers have adopted animals more and more and have resulted in rapid pet industry development. Furthermore, the market is poised to see substantial growth soon as technology advances and developments have been observed in dog vest products offered around the world.
What is Driving the Demand for Dog Vest ?
The majority of people want their pets to be dressed in splendour. The wearing of colourful collars and shirts raises their pet owner's social status. Nowadays, associated companies sell a variety of luxury outfits for dogs and cats, including hats, hoodies, and other products, making it simple for people to dress up their pets.
The recent launch of dog clothing promotions by multiple firms is poised to draw consumers into the purchase of animal clothing, especially dog vests. In the coming years, this is projected to stimulate business growth.
The demand for such pet goods is projected to rise as the rate of pet humanization rises. Furthermore, people's increased video consumption of animal grooming tips on social media platforms and applications like YouTube, is poised to fuel demand for such items.
The market is gaining momentum as pet owners become more aware of their pet's welfare. The rising popularity of adopting pets as companions for mental well-being, health, and entertainment is driving up pet-care spending. The global dog vest market is projected to grow as awareness increases and wearables become more widely available.
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Demand for Sustainable Clothing to Bolster Market growth
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 demand 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.
When wearing trendy suits, some dogs, such as Labradors and golden retrievers, feel a bit uncomfortable playing or doing other things. As a result, the rising demand for comfortable, multipurpose clothing is expected to open up new market growth opportunities.
The US and Canada Dog Vest Market Outlook
The United States is one of the world's most important markets for Dog Vest. This is because, as of the 2019-2020 fiscal year, over 63.4 million households in the country own a dog. Due to the high purchasing potential of the U.S. and Canadian populations, North America is projected to hold the largest global pet apparel market share in 2020, with a value of USD 1.70 billion.
These people spend a lot of money on pet items like pet collars, and vests. According to APPA, total spending on pet supplies in the United States increased to $19.2 billion in 2019 from $16.1 billion in 2018. Furthermore, the growing trend of purchasing high-quality vests for pets is projected to boost the region's market growth.
According to a survey conducted by the Canadian Animal Health Institute (CAHI) in 2020, Canada has about 7.7 million dogs. According to CAHI, more than 58 per cent of Canadian households own a dog or a cat. Owing to this fact the demand, is poised to remain steady during the forecast period.
When comparing the US and Canada, the US, which has nearly ten times the pet dog population, has statistically produced higher demand for dog vests in recent years and is expected to continue to do so in the future.
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Europe Demand outlook for Dog Vest
According to the FEDIAF (European Pet Food Industry), approximately 87.5 million households have at least one pet animal. Around a quarter of these households have at least one dog.
Because of the large pet populations in countries like the United Kingdom, the Netherlands, and Germany, Europe is projected to have a significant share of the global market for dog vest. According to data provided by the Dutch Food Industry, 48 per cent of Dutch households had at least one pet in 2019.
Germany for instance has around 10 Million Dogs which is the second-highest dog population in Europe as of 2019. The growing popularity of grooming dogs in Italy and Germany is expected to fuel market expansion. This is going to trickle down to the dog vests demand from these countries and is poised to keep the market growth consistent throughout the forecast period.
Who are the Key Manufacturers and Suppliers of Dog Vest ?
Some of the leading manufacturers and suppliers of dog vest are
- Canad Pooch
- Pet Stock
- PetRageous Designs LLC
- Family Dogz.cz
- Baxter Boo
- Gun Dog Supply and Lucy & Co.
- among others.
Key manufacturers concentrate on providing high-quality and trendy pet clothing products like jackets so to entice customers to purchase them. They're also working on affiliating with numerous well-known pet stores, to source a large number of animal goods and increase their overall geographic reach and sales.
An Adaptive Approach to Modern-day Research Needs
Dog Vest 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 Product Type
- Protective hunting dog vests
- Dog Visibility Vests
- Winter Dog Coats
- Dog Cooling and Floatation Jackets
- Dog Raincoat
- Head Hoods
- Dog Tail Protectors
- Personal Dog
- Therapy Dogs
- Service Dog
- K9 training
- Pet Care Centers
By Sales Channel
- Supermarkets & Hypermarket
- Retailers & Wholesalers
- Other Distribution channels
- Direct Sales
- E-Commerce Sales
- 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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