There were 1,366 press releases posted in the last 24 hours and 228,499 in the last 365 days.

/EIN News/ -- Pune, India, Sept. 01, 2022 (GLOBE NEWSWIRE) -- The global pet clothing market size is expected to gain momentum by reaching USD 7 billion by 2028 while exhibiting a CAGR of 4.4% between 2021 and 2028. Fortune Business Insights in its latest report, titled, “Pet Clothing Market, 2021-2028.”, observes that the market stood at USD 5.01 billion in 2020.

Several companies have been running campaigns to promote and create awareness regarding innovative pet clothing present in the market. They have been actively focusing on expanding their reach and facilities that is driving the product’s demand worldwide.

The seismic effect of the pandemic, COVID-19, has been felt across several economies globally that are facing unprecedented economic loss. Owing to the lockdown announced by the government, several industries have been on a standstill with limited operational activities. However, combined efforts from the government and industries are required that is likely to bring the economy back on track post-pandemic.

Get a Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/pet-clothing-market-104419

Pet Clothing Market Report Scope & Segmentation:

Fortune Business Insights™ lists out all the pet clothing market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

What does the Report Provide?

The global market report provides effective analysis on several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaboration that will further contribute to the growth of the market in the forthcoming years. Moreover, the research analyst has adopted several research methodologies such as PORTER’s Five Point and PESTEL analysis to extract information about the current trends and industry developments that will drive the market growth during the forecast period.

Increasing Sales through Online Medium to Augment Growth

In January 2020, Alibaba.com, a prominent Chinese online platform, reported a ten-fold rise in cat hanfu sales between December 2018 to December 2019. The rising sales through online medium and the growing presence of major companies selling their merchandise are some of the factors expected to boost the product’s demand during the forecast period. Additionally, the surging demand for pet subscription box services that consists of an extensive variety of treats, toys, and other goodies is expected to contribute to the global pet clothing market growth in the forthcoming years.

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/pet-clothing-market-104419

Based on the product type, the market is divided into:

On the basis of pet type, the market is segregated into:

Based on region, the market is segmented into:

Rеаѕоnѕ to Get thіѕ Rероrt:

Collaboration between Prominent Companies to Expand Their Product Portfolio and Boost Sales

The market is consolidated by the presence of major companies that are striving to maintain their presence by collaborating with other companies. Moreover, other key players are focusing on adopting an organic and inorganic approach in their strategies to gain a competitive edge over their rivals that will bode well for the growth of the market in the forthcoming years.

Inquire Before Buying This Research Report:

https://www.fortunebusinessinsights.com/enquiry/queries/pet-clothing-market-104419

Get your Customized Research Report:

https://www.fortunebusinessinsights.com/enquiry/customization/pet-clothing-market-104419

1. How much is the pet clothing market worth?

Answer: Fortune Business Insights says that the global market size was USD 5.01 billion in 2020 and is projected to reach USD 7.0 billion by 2028.

2. What was the value of the market in North America in 2020?

Answer: In 2020, North America stood at USD 1.70 billion.

3. At what CAGR is the market projected to grow during the forecast period (2021-2028)?

Answer: Registering a CAGR of 4.4%, the market will exhibit steady growth during the forecast period (2021-2028).

4. Which is the leading segment based on product type?

Answer: Based on product type, the shirts and tops segment is set to lead the market.

5. What is the key factor driving the worldwide market?

Answer: The recent introduction of campaigns related to animal apparel by prominent companies is a key driver for the growth of the market.

6. Who are the major players in this market?

Answer: W.L. shareholding Company Ltd., Medical Pet Shirts International B.V., and Bitch New York are the global market players.

7. Which region held the highest share in the market?

Answer: North America dominated the global market in terms of share in 2020.

8. Which factor is expected to drive the adoption of these products?

Answer: The rising demand for an animal subscription box is expected to drive the adoption of these products. 

Pet Care Market Size to Surpass USD 325.74 Billion by 2028 | At 5.6% CAGR

Jewelry Market Size to Garner USD 266.53 Billion by 2027 | Growing at a Healthy CAGR of 3.7%

Oral Care Market Size Worth USD 38.89 Billion by 2027 | At 3.1% CAGR

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Fortune Business Insights™ Pvt. Ltd.

Email: sales@fortunebusinessinsights.com 

Linkedin | Twitter | Blogs

EIN Presswire's priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content. As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone's Internet News Presswire™, tries to define some of the boundaries that are reasonable in today's world. Please see our Editorial Guidelines for more information.

© 1995-2022 Newsmatics Inc. dba EIN Presswire All Right Reserved.