PET TRAVEL ACCESSORIES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Takeaways from Analyst

Rising pet adoption around the world and increasing pet humanization are the key drivers propelling the demand for various pet travel accessories such as leashes, harnesses, carriers, bowls, crates, and beds. Furthermore, growing awareness about pet well-being and safety during travel is encouraging pet owners to use proper accessories.

North America currently dominates the market owing to high pet ownership, rising overseas vacations with pets, and presence of key players. However, Asia Pacific is projected to be the fastest growing regional market due to rising incomes, increasing nuclear families, and changing attitudes toward pet adoption in countries like India and China.

Strict regulations pertaining to pet travel in certain countries could hamper the industry expansion. Airline bans and restrictions on certain pet breeds may also act as challenges for market players. However, increasing penetration of online retailing and success of multi-brand stores are opening new opportunities. Moreover, rising popularity of pet clothing and fashion accessories is anticipated to generate lucrative prospects.