Pet Products Market – What Factors will drive the Market in Upcoming Years and How it is Going to Impact on Global Industry
According to a new market research report published by Credence Research “Pet Products Market (By Product Type – Feeding; Bedding; Playing and Chewing Toys; Leashes and Collars; Cages, Crates and Carriers; and Others) – Growth, Future Prospects, Competitive Analysis and Forecast 2017 – 2025”, the global pet products market was valued at US$ 24.82 Bn in 2016 and is expected to grow at a CAGR of 3.3% during the forecast period from 2017 to 2025.
The report covers outlook and research for the Pet Products market on a worldwide and regional level. The research gives noteworthy data of 2015-2017 alongside an outlook from 2018 to 2026 in view of revenue (USD Billion). The examination includes drivers and limitations for the Pet Products market beside the effect they have on the request over the figure time frame. Furthermore, the report combines the study of possibilities available in the Pet Products market on a worldwide level.
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Pet products refer to pet accessories such as toys, feeding bowls/trays, leashes, cages, bedding equipment and others. With the growing number pet (cats & dogs) owners worldwide, the demand for related pet products is estimated to remain strong in the following years. Due to continually rising expenditure over pet products, people now prefer purchasing high-tech products that can provide them as well as the pets with optimum convenience. Similarly, steadily growing discretionary of the people worldwide too plays a prominent role in the pet products market growth. Another major factor supporting the market growth is the availability of wide range of products in the market. The availability of variety of styles and designs in the pet products category plays a crucial role in attracting the pet owners.
The key players of pet products market include Ancol Pet Products Limited, Beaphar International, Ferplast S.p.A., Rolf C. Hagen, Inc., Rosewood Pet Products, Hartz Mountain Corporation, Larz Dog Products, Planet Dog, Inc., Mammoth Pet Products and RC Pet Products Limited. The pet products market is highly competitive with a number of international and domestic players constituting the market. Due to wide possibilities of product differentiation (primarily in designs), the market has emerged quite competitive in nature.
This report offers extensive research on the worldwide Pet Products showcase alongside, market trends, market size, drivers, and restraints of the Pet Products market. This report includes an itemized focused scenario and item pattern of key merchants. To understand the competitive scene in the market, a research of Porter’s five forces model for the market has additionally been incorporated. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.
Key aspects of the study include:
Pet Products Market Snapshot
Classification of Pet Products Market
Market Overview: Market drivers, restraints and key trends analysis
Competitive analysis of the key players operating in the market
Market size split on the basis of geographies and sub-geographies
Cross-sectional market size for all segments per sub-geography
Historical market size for year 2016 with 2017 as the base year
Forecast period: 2018 to 2026
Key questions answered in the Report
What is the Current Market Size and Forecast for Pet Products Market?
Who are major players in the industry and what are their strategies and developments in the recent years?
What are the key segments expected to emerge as the most attractive during the forecast period?
Which is the most lucrative geographic region for Pet Products market?
At Credence Research, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most detailed analysis of the industry. The research process begins with extensive data mining, using authoritative sources such as trade magazines, technical publications, independent studies along with paid avenues.
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