Analysis of Pet Selfie Tools market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
According to the latest research by Fact MR., the Pet selfie tools market is anticipated to expand at a CAGR of 3.4% during 2021-2031. The sale of pet selfie tools has not been heard in the last few years. Pets’ parents consider their pet as a part of their family. This parenting practice has encouraged pet parents to give their pets the best they can do for their children or any other family member. Strengthening relationships between people and their pets encourage pet owners to spend more money on their pets.
An increase in pet owners globally along with the tendency of loving them unconditionally continues to drive demand for pet selfie tools. Dog selfie tools continue to be a lucrative avenue for pet selfie tools manufacturers.
Historically, sales of pet selfie tools had grown at a nominal rate, which had remained a longstanding challenge for manufacturers but considering the current scenario basically since 2018, the demand for pet selfie tools had gained traction. And it is expected that the demand continues to be at a hike during the forecast period of 2021-2031.
In addition, to capture precious moments with their pets, pets owners across the globe preferring different types of pet selfie tools which allows them to capture attractive snaps along with videos.
Pet selfie tools are cost-effective to buy, an average cost of any pet selfie tolls comes around US$ 5-10. A product with a comparatively low price always attracts consumers. But for its purchase, they don’t spend their time by going into the shops. Instead of going to the pet shop, they used to buy via online sales channels or e-commerce platforms.
There are lots of websites across the globe offering pet selfie tools of different brands. The flexible way of purchase such as a collection of several branded products, option of easy return and exchange etc. attract customers to buy from the online store.
The growing tendency of buying behaviour from online sales channels is also one of the primary reasons for increasing the sales for pet selfie tools. Over 62% of the pet selfie tools sold globally are from the online sales channel.
The United States is one of the world's largest markets for pet selfie tools. Most people residing in the US are fond of animals. A large number of households in the US keep animals as a pet and treat them like family.
Over 63.4 million households in the US keep dogs as a pet. In Canada over 58% of households owns a cat or dog. Owing to the fact the demand for pet products is also on the higher side in the region. US pet industry estimated approx. US$ 99 billion in 2020 in which pet selfie tools also have a fair contribution. The high purchasing potential and consumer spending in the US and Canada made the region most prominent for pet selfie tools sales.
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Demand for pet selfie tools in Europe will be mostly led by cat owners. The primary reason behind this is the cat population as a pet. The region has more cats as a pet in households than dogs and other animals. Over 110 million cats are there in European households.
Russia is the country with the highest number of cat populations as a pet in Europe. Over 22.5 million households in Russia owns at least a cat. Germany and France are not too far, both the countries combined approx. 27.2 million of cat population as a pet.
Europe is also one of the largest regions for dog population as a pet. Over 90 million households own a dog in the region. Owing to the growing pet pollution in European countries the demand for pet selfie tools is also increasing.
Some of the leading manufacturers and suppliers of Pet selfie tools include
Leading manufacturers and suppliers focusing on longstanding contracts with e-commerce companies for better customer reach and focusing on marketing their products by offering discounts and sometimes offer for free along with other products they purchase from the company’s website or offline stores.
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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.
NOTE: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may time to reflect in the analysis.
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