Dog Water Bottle Market Forecast and CAGR
According to the recent report by Fact.MR, the global dog water bottle market is foreseen to have an upsurge growth during the forecast period 2021-2031. In Short term, the demand for dog water bottle will recover steadily, with a positive long-term growth outlook.
The dog water bottle demand is expected to fuel by the virtue of rising pet adoption rate and impelling pet humanization.
What are the Driving Factors for Dog Water Bottle Market?
The demand for dog water bottle is expected to show significant growth due to increasing dog adoption rate and standards among customers to provide best to their pets. The increasing influence of packed dog water bottle during travelling are increasing the adoption rate which will bolster the demand in upcoming years.
Foremost reason of heightened demand is the increasing travelling rate all around the globe. According to the U.S Travel Association 37% of the pet owners prefer to take their pets out for trip. According to the article in Forbes around U.S $ 6 million was spend on pet boarding and grooming in past few years. Giving the thrust to the market penetration.
Another contributing factor can be alarming number of dog death due to drinking in toxic water forcing the dog owner to carry dog water bottle every time with them.
As the pet humanization trend continues to grow, the increasing relationship between pet owner and pet would increase buying power. Pet owners are increasingly worried about their dog’s safety, which is expected to increase their willingness to buy high-end goods.
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COVID-19 Impact on Dog Water Bottle Market
COVID-19 has caused unsympathetic effect causing a havoc in the market which is resulting in decline market curve. Supply and demand are being curbed by the pandemic resulting in economic loss to the manufacturing facilities.
The stringent market growth is result of various government regulation on trade of product and services resulting in decline demand from the consumer end. To stop the virus from spreading further, the government has taken preventative measures at various levels, one of which is controlling product distribution in badly afflicted areas. As a consequence, products are amassing in a single location.
Furthermore, the spike in number of cases in past few months has caused a noticeable turnaround in the market consequential the ban on international flights and quarantine are being imposed. Thus abjuring the sales in upcoming years.
By the end of the fourth quarter of 2021, the market is expected to return to its usual growth trajectory.
Global Outlook of Dog Water Bottle Market
The report on “Dog Water Bottle Market” include the following prominent region such as North America, Latin America, Europe, South Asia, East Asia and the Middle East and Africa. Among them North America holds the largest dollop over the assessment era and it is expected to continue to expand.
The increase in number of dog death and health issues have heightened the market adoption rate. 52% of the North American population prefer to go on vacation once a year out of which 37% travel with their animals.
Following North America is Asia pacific and Europe, Asia pacific maintain its dominance due to growing demand for pet care products. This will help Asia Pacific have a healthy growth rate. Because of its large population of dogs, China is thought to be the most powerful country in East Asia accounting for 27,400,000 number of dogs.
The most promising area for the dog water bottle market is Europe, which is supposed to follow the lead of North America and expand at a tremendous pace over the coming quarters. Because of the high population of dogs and increased disposable income, Russia is likely to influence in the area.
The Middle East and Africa are expected to have a small market share and develop at a moderate rate during the assessment period. Increased demand for dog water bottle is expected to rise by the end of 2031 as a result of the large dog population.
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U.S and Germany Dog Water Bottle Market Trend
Dogs owners prefer to go out on walk with their dogs. According to the new law in Germany known as Dogs Act it has been made compulsory for dog owner to talk dog twice a day out for walk. This is boosting the demand for water bottles as walk increases the heart rate causing the desire to drink water among the dogs. Result of which is the dog owners have to carry dog water bottle with them.
On the other hand U.S which has most advance growth rate and like to follow the trend in the market is the early adaptor of dog water bottle making it the top consumer of product.
Who are the key Manufacturers of Dog Water Bottle Market?
The key market players for global dog water bottle market are
- Lesotc bottle
- Tuff Pupper
- MalsiPree .
The dog water bottle is highly consolidated have few market players within the globe. Players are also pursuing both organic and inorganic growth strategies in order to gain a greater share of the market.
To broaden their geographical boundaries, major market players often turn to acquisition, merger, collaboration, and alliance with regional players. During the evaluation process, product launch and development of new products are mainly used to form the overall market layout.
An Adaptive Approach to Modern-day Research Needs
Dog Water Bottle 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 Material Type
By Dispenser Type
- Press and Release
- Anti- Gravity
By Sales Channel
- Specialized stores
- 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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