ICT & Electronics Global Pet Accessories Market Outlook Industry | Page 3
companion animals coupled with increasing disposable income of the population
is anticipated to garner the growth of the pet accessories market.
Rise in Number of Pet Ownership
Expansion of pet ownership is fuelling the growth of pet accessories market.
Further, increasing concern about the health and welfare of the pet coupled with
rising spending on pets has triggered the demand for pet accessories. Moreover,
spending on pet healthcare and welfare increased by 20% in the previous decade.
This factor is envisioned to bolster the growth of the pet accessories market.
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Increasing Awareness Regarding Pet Care
Rising awareness about pet healthcare and well-being is anticipated to propel the
demand for pet accessories during the forecast period. Moreover, increasing
incidences of infections and diseases in pets are expected to be the major factors
behind the growth of pet accessories market.
Although, slow adoption rate of pet accessories in developing and undeveloped
nations is likely to inhibit the growth of the global pet accessories market in the
near future.
The report titled “Pet Accessories Market: Global Demand, Growth
Analysis & Opportunity Outlook 2023” delivers detailed overview of the