Analysis of Elevated Dog Bowls Market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
According to a recent study by Fact.MR, elevated dog bowls market is expected to behold moderate growth during 2021-2031. Demand for elevated dog bowls is set to notice mediocre growth over the short run forecast, with minimal optimistic outlook growth over the long run. Growing sales in western countries to bestow impetus resulting due to the colossal spending on pets by millennials. It is expected that the market is set to grow at a CAGR of 3.5% over the forecast period owing to some of the research studies acting as a curb for the market to gain traction.
Burgeoning sales of pet accessories to dispense the market to be flourished with a huge thrust. Increasing spending on pet auxiliary stuff like food bowls and water dispensers to drive the demand for elevated dog bowls. Enthusiastic pet owners remain a lucrative opportunity for the manufacturers of the product.
Demand for elevated dog bowls set to boost the demand with a moderately surging curve remains to be a reinforcing factor key actors present across the supply chain. The minimal undulation in sales and demand is observed owing to some of the research studies showing a negative impact on the use of elevated bowls for dogs. The study projected the disorders that may result from the use of elevated bowls and concludes in leading to bloat, a life-threatening medical condition.
This minimal undulation may result in key players implementing alternative product offering to comply with market needs by overcoming the hurdles. Apart from the undue research study, the market is expected to grow substantially owing to the inclination of people towards dog adoption and to provide a free and comfortable option for their dogs while having a bite of food and drink of water.
COVID-19 resulted in every individual staying indoors, gave rise to an increase in pet adoption for PAS time. This showcased a huge increment in demand for elevated dog bowls. Though the demand has undergone a minimal drop during the lockdown owing to the economic crisis, the market is set to get back on track post the COVID-19 pandemic. The decline was witnessed as a summoned effect on all the goods and services during the lockdown due to the shut down of all the manufacturing units.
As the lockdown and shelter-at-home guidelines limited the sales of dog bowls, self-fabrication and Do-it-yourself of elevated dog bowls have gained a base and hindered the purchases from retailers. Demand is likely to gain propulsion over the forecast period of 2021-2031 post the COVID-19.
At the global level, the US is amongst the top countries for elevated dog bowls market. The US elevated dog bowls market is expected to tramp on a recurring pattern throughout the forecast period 2021-2031. Demand is most likely to remain sedated in the years to come, as the country is still on its journey to make a change in the crisis it is facing at hard times.
Sales in the US and Canada is set to be reinforced by the annual spending on pet auxiliary stuff and accessories. As dog bowls being on consumer-based product, demand for the product is completely relayed to the pet owners.
Canada market is set to be bolstered by the increased demand from pet owners. The sales are dependent on the interests of pet owners to offer ease and comfort to their pets while having food.
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Many nations in the EU have been greatly impacted by COVID-19, which has prompted a decrease in income-producing pursuits. In any case, similar to North America, EU nations have a high tendency towards pet adoption.
Despite the challenges posed by COVID-19, most EU countries retained strong pet adoption and auxiliary device spending in 2020. According to a press release from the EPO (European Pet Organization), the industries that supply animal foods, supplies, and other products to care for them are worth several tens of billions of dollars annually, and the value has remained relatively constant throughout 2020.
Potential for the product as a pet auxiliary expenditure can be pushed through the undulation by concentrating on product offerings by actors in the supply value chain.
Some of the key manufacturers and suppliers in the supply chain of elevated dog bowls include
Most of the key actors in the elevated dog bowls market have maintained an innovative product portfolio and offer highly exclusive products both online and offline. The manufacturers opt for straight organic market play by innovating new products over any other hybrid approach to occupy a wider consumer base and possess a competitive advantage over the others.
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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
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 an 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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Elevated dog bowls market is expected to grow at a CAGR of 4.2% during the forecast period.
Increase in dog owners globally is the key factor propelling the market forward.
North America is expected to be the most lucrative region for the growth of elevated dog bowls industry.
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