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Monday, March 27, 2023
Home Functional Fashion Petwear market to reach US $ 38.9bn by 2025

Petwear market to reach US $ 38.9bn by 2025

The global pet products market is expected to reach US $ 38.9 billion by 2025 as there is a significant market for pet clothing whether it’s a tuxedo for a Chihuahua, a sweater for a Dachshund or raincoat for French bulldog.

By 2028, the pet apparel industry is estimated to be worth US $ 6.3 billion, growing at a compound annual growth rate (CAGR) of 4 percent.

petwear
Figure: These clothing are made from a variety of materials, including wool, cotton, quilted canvas, and silk.

A recent survey found that an increasing number of pet clothes, such as those for dogs and cats, are being produced. Typically, the main function of these clothes is to protect pets from pests or to keep them warm and dry.

These clothing are made from a variety of materials, including wool, cotton, quilted canvas, and silk.

Pet accessories, like as leather carriers, leads, and harnesses, have long been offered by fashion brands, particularly upscale brands with strong accessory departments. With items like a recycled nylon and leather pet carrier, pet collar, pet bag leash, harness, and non-slip socks costing up to and exceeding € 6000, Prada has enlarged the market of pet accessories.

Logos and branding are ubiquitous and amplified across ranges in high-end pet accessories, from food bowls to waste disposal bags.

Additionally, Gucci also introduced most expensive line of pet accessories which includes monogrammed canvas, mats, water bowls and dog bed which are being sold for approx. €6500.

Elsewhere Fendi, Armani, Hermes and Valentino all have accessories dedicated to man’s best friend. Valentino offers customisation as part of its Rockstud Pet project, a personalised carrier with an image of your pet, handcrafted by Riccardo Cusimano for the cost of €1,600.

According to the survey, many pet owners enjoy dressing their animals up in unique or fashionable clothing to help them stand out and this trend is here to stay.

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