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.

Market Insights

Pet products refer to pet accessories such as toys, feeding bowls/trays, leashes, cages, bedding equipment, and others. With the growing number of pet (cats & dogs) owners worldwide, the demand for related pet products is estimated to remain strong in the following years.

Browse Full Report at https://www.credenceresearch.com/report/pet-products-market

Due to continually rising expenditure over pet products, people now prefer purchasing high-tech products that can provide them as well as 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 a wide range of products in the market. The availability of a variety of styles and designs in the pet products category plays a crucial role in attracting pet owners.

Competitive Insights:

The key players of the 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 the wide possibilities of product differentiation (primarily in designs), the market has emerged quite competitive in nature.

Key Trends:

The market expected to be primarily driven by increasing demand from the developing economies in the Asia Pacific region
Manufacturers have been investing heavily to incorporate technologies for applications such as automatic feeding and video calling
Rising trend of wearable technologies used for tracking and location detection for pets

You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/58758

Key research study highlights comprise:

Exhaustive research and analysis of the global Pet Products industry
The key market segments along have been explained in the report thoroughly along with their existing and estimated market size
Major elements of market dynamics such as drivers, challenges and opportunities and their effect on Pet Products market is also covered in the report
Key players operating in the market are profiled and accompanied by the competitive landscape evaluated on the basis of product offering & business strength
Cross-sectional analysis of each region covering individual segments for the forecast period 2017 - 2025 in terms of value (US$ Mn)
The participants tracked for primary interviews include:

Marketing/product managers
Vice President/ CEOs
National sales managers
Market intelligence managers
Distributors
Purchasing managers
Other stakeholders
Market Segmentation

By Product Type

Feeding Products
Bedding Products
Playing and Chewing Toys
Leashes and Collars
Cages and Carriers
Others (Cat Litters, Grooming Tools, Clothing, Accessories, etc.)

By Geography Segment

North America (the U.S., Rest of North America)
Europe (U.K., Germany, France, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
Rest of the World (the Middle East & Africa, Latin America)

Blog Medium: https://medium.com/@kumarganeshtr/pet-products-market-is-expected-to-reach-us-33-16-bn-by-2025-credence-research-30b835b14829