Luxury Pet Accessories Market Size, Share, By Product Type (Pet Toys, Housing and Bedding, Transport & Travel Accesories, Grooming Products, Collars and Harness, and Others), By Pet Type (Dogs, Cats, Horse, and Others), By Distribution Channel (Online, Offline), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Trends, Analysis and Forecast till 2034

Report Code: PMI523924 | Publish Date: June 2024 | No. of Pages: 180

Luxury Pet Accessories Market Overview

Luxury Pet Accessories Market was valued at US$ 28.8 billion in 2024 and is expected to grow at a CAGR of 5.7% to reach US$ 48.5 billion by 2034.

The pet accessories market is experiencing significant expansion, driven by the growing number of pet owners globally and the changing perception of pets as full family members. This shift drives pet owners to invest significantly in products designed to improve their pets' health and lifestyle.  Toys intended for pets are for entertainment and play an essential role in mental stimulation and physical exercise. Innovations in this segment include interactive and smart toys that can keep pets busy for hours, promoting better mental health and reducing anxiety.

Comfortable and stylish bedding solutions are increasingly popular, with options ranging from Orthopedic beds for older pets to luxurious additions to home decor. Unique furniture such as pet stairs and ramps are also in demand, especially for older or small-breed pets. The grooming segment includes products such as shampoos, conditioners, brushes, and trimmers. Natural, hypoallergenic grooming products are growing in popularity as pet owners become more aware of the ingredients used on their pets. Products such as car seats, travel bags, harnesses, and pet trackers ensure your pet's safety and comfort throughout the trip. This segment is growing as more and more pet owners travel with their pets, seeking convenience and peace of mind.

Luxury Pet Accessories Market Dynamics

Luxury Pet Accessories Market Driver:      

Increasing Pet Adoption:

  • The increase in pet adoption rates globally significantly increases the demand for different types of pet accessories. More households are welcoming pets, leading to increased spending on essential items such as toys, bedding, carriers, and grooming products. This trend is driven by factors such as increased awareness of the benefits of pet ownership, changes in family structures, and the emotional and psychological benefits of pet ownership. As more and more people adopt pets, the need for various accessories to meet different types of pets and their specific needs continues to grow.

Continuous Innovation in Pet Accessories:

  • Continuous innovation in pet accessories attracts tech-savvy pet owners and drives market expansion. Manufacturers are increasingly integrating cutting-edge technology into their products, such as smart collars with GPS tracking, automatic feeding machines, and interactive toys that use artificial intelligence to Attract pets. These innovations improve the quality of life for pets and provide convenience and peace of mind for pet owners. Introducing these innovative products creates new market opportunities and attracts a growing segment of pet owners seeking modern solutions to traditional pet care challenges.

Increasing Pets Humanization:

  • The trend of pet humanization is the primary driver of the pet accessories market. Pet owners increasingly view their pets as family members, leading to higher spending on products that improve their pets' quality of life. This includes basic necessities like food and shelter and luxury items like designer clothing, high-quality bedding, and high-end grooming products. The humanization trend also drives demand for personalized pet accessories as pet owners seek unique products that reflect their pets' personalities and lifestyles.

Restrains in the Luxury Pet Accessories Market:

  • High Cost: The high cost of high-end pet accessories can be a significant barrier for consumers on a limited budget. Although many pet owners are willing to spend money on their pets, the price of high-end products can discourage some buyers. This is especially true in areas with lower disposable income or during economic downturns when consumers prioritize essential spending over discretionary spending. As a result, the premium pet accessories market may grow more slowly than more affordable options.
  •  Health & Safety Concerns: Concerns about the safety and health impacts of some pet accessories can discourage buyers. Products that fail to meet safety standards or are found harmful to pets can lead to negative publicity and loss of consumer confidence. Issues such as toxic materials, choking hazards, and poor manufacturing can significantly impact consumer purchasing decisions. Ensuring product safety and quality is critical to maintaining consumer confidence and driving market growth.

Key Opportunities in Luxury Pet Accessories Market:

  • Growing Demand for Environmentally Friendly Products: The growing demand for environmentally friendly and sustainable pet products presents an opportunity for companies to innovate and capture this growing segment. Consumers are increasingly environmentally conscious and are looking for products made from sustainable materials that have minimal environmental impact and are produced ethically. Companies prioritizing sustainability in developing and marketing their products can attract environmentally conscious consumers and differentiate themselves in the marketplace. This trend is driving innovation in materials, manufacturing processes, and packaging, contributing to the sustainable development of pet accessories. 
  • The Rise of Online Shopping Platforms: The rise offers significant opportunities for market expansion. E-commerce offers consumers broader reach and greater convenience, allowing them to browse and purchase various pet accessories from the comfort of their homes. Online platforms also offer a more comprehensive product selection, competitive prices, and customer reviews, making it easier for consumers to make informed purchasing decisions. The growth of e-commerce is especially beneficial for mom-and-pop brands that can reach a global audience without a physical retail presence.

Luxury Pet Accessories Market Segmentation

Luxury Pet Accessories Market is segmented by Product Type, Pet Type, Distribution Channel, and Region.

Product Type Insight

  • Pet Toys: This segment includes a variety of toys designed to entertain and amuse pets. Pet toys range from simple chew toys to complex interactive devices stimulating physical and mental activity. The growing emphasis on cognitive stimulation and pets' physical health is driving demand for innovative pet toys. Advanced features, such as AI-powered interactive toys and smart toys that monitor pet activity levels, are increasingly popular among pet owners. This segment benefits from continuous innovation, attracting tech-savvy pet owners who want to provide enriching pet experiences. 
  • Housing and Bedding: Products in this segment provide comfort and shelter for pets, including beds, crates, and kennels. Pet owners are increasingly looking for comfortable, high-quality bedding solutions to improve their pets' living conditions. Material innovations like memory foam and orthopedic designs meet your pet's comfort and health needs. In addition, stylish and aesthetically pleasing designs that complement interior decoration are becoming increasingly popular. This segment also includes heated beds and cooling mats, meeting your pet's seasonal comfort needs.
  • Transport and Travel Accessories: These products are essential for the mobility and safety of animals during transport. This segment is driven by the growing trend of traveling with pets and the need for safe and convenient travel solutions. Carriers that offer features like airline approval, ergonomic design, and comfort for pets and their owners are in high demand. Additionally, innovative products such as extendable stands and those with built-in wheels offer greater convenience. As more and more pet owners travel with their pets, the demand for high-quality, durable and stylish pet carriers continues to grow. 
  • Grooming products: Includes brushes, shampoos, nail clippers, and other grooming tools needed to maintain your pet's hygiene and appearance. Growing awareness about pet health and hygiene is driving demand in this segment. Products that contain natural ingredients, hypoallergenic properties, and specialized functions (such as detangling or preventing fleas) are trendy. Electric groomers and self-cleaning brushes offer convenience and efficiency that appeal to busy pet owners. This segment also benefits from the growing trend of professional pet grooming services, which is driving demand for high-quality grooming tools.
  • Collars and Harnesses: Essential for animal control and safety, this segment includes collars, harnesses, and leashes. Innovations like smart collars with GPS tracking, health monitoring features, and LED displays are becoming popular. Additionally, there is a growing demand for durable, comfortable, and aesthetically pleasing collars and harnesses. Personalized and customizable options, such as engraved collars or harnesses with adjustable attachments, appeal to pet owners looking for unique and functional products. This segment also includes training collars and harnesses designed to facilitate behavioral training and improve pet safety while out on walks.
  • Other: This category includes pet accessories such as feeding bowls, water bottles, and training aids. Innovations in this segment focus on convenience, functionality, and health benefits. Automatic feeders, spill-proof water dispensers, and interactive feeding toys are aimed at pet owners looking for effective and engaging ways to feed their pets. Training aids, such as clickers and agility equipment, aid in the activity and training of the pet. This segment also includes specialty items such as pet cameras and surveillance systems, providing peace of mind to pet owners while away from home.

Pet Type Insight

  • Dogs: This is the largest segment, driven by the large number of dog owners who invest significantly in a variety of accessories to keep their pets comfortable and happy. The diverse range of dog products caters to different sizes, breeds, and specific needs. Innovations in dog accessories focus on improving functionality, comfort, and safety. For example, ergonomic harnesses designed to reduce stress during walks, interactive toys that provide mental stimulation, and grooming products suitable for different coat types are popular among dog owners.
  • Cats: This segment is growing rapidly as cat owners look for products that suit their pets' unique behaviors and preferences. Products such as scratching posts, litter boxes, and interactive toys are in high demand. Innovations in cat accessories aim to enrich your cat's environment and provide them with mental and physical stimulation. For example, multi-tiered cat trees, automatic laser toys, and self-cleaning litter boxes meet your cat's needs. Products that treat joint problems in cats, such as stress and boredom, are becoming increasingly popular.
  • Horse: Horse accessories include saddles, bridles, grooming kits, and stable equipment. This niche market is driven by the needs of horse owners and equestrian enthusiasts, who invest heavily in quality accessories for their animals. Innovations in this segment focus on improving performance, comfort, and safety. For example, ergonomic saddles that improve rider and horse comfort, grooming tools for different coat types, and stabilizing equipment that ensures a clean and safe environment are all available.
  • Others: This category includes accessories for other pets, including birds, reptiles, and small mammals. The diverse needs of these animals create a market for various products tailored to their specific care needs. Innovations in this segment aim to improve the health and comfort of pets for their owners. For example, bird cages with interactive toys, reptile habitats that simulate natural environments, and small mammal exercise equipment meet the special needs of these pets. Additionally, products that meet different species' specific nutritional and environmental needs are in high demand.

Distribution Channel Insight

  • Online: The online segment is growing rapidly, driven by the convenience, variety and competitive prices offered by e-commerce platforms. Online shopping allows pet owners to browse and purchase products from the comfort of home, with the added benefit of home delivery. Accessing customer reviews and detailed product information also enhances the online shopping experience. Online retailers often offer a more comprehensive selection of products, including specialized and niche items that may not be available in physical stores. Additionally, promotions, discounts, and online subscription services appeal to cost-conscious and convenience-seeking pet owners. 
  • Offline: Traditional stores, including pet stores, supermarkets, and specialty retailers, dominate this segment. The tangible shopping experience and immediate product availability drive sales through offline channels. Customers can see and feel products before they buy, which is especially important for items like baby carriers and bedding. Additionally, store staff provide personalized customer service and expert advice enhance the shopping experience. Offline stores often organize events and provide services such as care and training, further attracting customers.

Luxury Pet Accessories Market Regional Insights:

The luxury pet accessories is segmented by region into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

  • North America: North America is the largest market for pet accessories, driven by high pet ownership rates, significant disposable income, and strong pet humanization trends. The United States and Canada are major contributors to this market, with many pet-owning households. Advanced pet healthcare and well-developed retail infrastructure further support the market growth. The region is also seeing a strong trend towards premium and luxury pet products and cutting-edge technologies such as smart pet accessories. The presence of significant players in the market  and a culture that emphasizes pet care and health has fuelled continued product innovation and market expansion.
  • Europe: this is the second largest market; Europe is an important market characterized by high spending on pet care and a growing trend towards sustainable and environmentally friendly products. Countries like Germany, the UK, and France have led the way in pet ownership and spending on pet accessories. European consumers are increasingly aware of environmental issues and seek products made from sustainable materials and ethical production practices. This trend is driving demand for eco-friendly pet accessories. Additionally, European regulatory standards emphasize product quality and safety, affecting product supply in the market. The region also has a long tradition of pet care, which helps maintain demand for a wide range of pet accessories.
  • Asia Pacific: The Asia-Pacific region is the fastest-growing market, driven by rising pet ownership, urbanization, and rising disposable income in countries such as China, Japan, and India. The sector has significant growth potential due to an expanding middle class and changing consumer preferences. Urbanization is leading to changes in lifestyle, including higher pet adoption rates and increased spending on pet care products. The region is witnessing a growing trend of pet humanization, with pet owners looking for innovative and high-quality products. Furthermore, the rise of e-commerce platforms in Asia Pacific improves market access and product availability, thereby driving further market growth.
  • Latin America: Countries like Brazil and Argentina are seeing a rise in pet ownership and a growing trend towards premium pet products. These areas offer opportunities for market expansion as consumer awareness and economic conditions improve.
  • Middle East & Africa: Wealthy consumers drive demand for luxury pet accessories in the Middle East. In Africa, urbanization and rising middle-class incomes are helping to drive gradual market growth. Market participants focusing on these regions can benefit from early market entry and tailored product offerings to meet local demand.

Luxury Pet Accessories Market Report Scope:

Attribute

Details

Market Size 2024

US$ 28.8 Billion

Projected Market Size 2034

US$ 48.5 Billion

CAGR Growth Rate

5.7%

Base year for estimation  

2023

Forecast period       

2024-2034

Market representation       

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Product Type- Pet Toys, Housing and Bedding, Transport & Travel Accessories, Grooming Products, Collars and Harness, and Others

By Pet Type- Dogs, Cats, Horse, and Others

By Distribution Channel- Online, Offline

 

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the Luxury Pet Accessories Market report based on By Product, By End-User and Region:

Luxury Pet Accessories Market, By Product Type:

  • Pet Toys
  • Housing and Bedding
  • Transport & Travel Accessories
  • Grooming Products
  • Collars and Harness
  • Others

Luxury Pet Accessories Market, By Pet Type

  • Dogs
  • Cats
  • Horse
  • Others

Luxury Pet Accessories Market, By Distribution Channel

  • Online
  • Offline

Luxury Pet Accessories Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Luxury Pet Accessories Market Key Players

The key players operating the Luxury Pet Accessories Market includes Pet insurance Solutions, LLC, ferplast S.p.A, countryvet, Midwest homes for pets, Cargill, Incorporated, ADM, BASF SE, Bluestar Adisseo Co., Ltd., Omega Protein Corporation, DuPont, Chr. Hansen Holding A/S, Roquette Frères, SunOpta, Lallemand Inc., Lesaffre, Daka Denmark A/S, and Nutreco N.V.

Luxury Pet Accessories Market Key Issues Addressed

  • In November 2023, COLLAR Company introduced the WAUDOG R leash. Created by the company's in-house R&D department for responsible pet parents, the R leash includes a carrying case integrated into the toiletry bag, providing convenience with a reliable mechanism, ergonomic handle, a unique tape winding system, and reflective tape to ensure greater safety when walking. It comes in six colors and three sizes (S, M, and L) for dogs weighing up to 40 kg. COLLAR Company offers a two-year warranty on the R leash. This will help the company expand its product portfolio.
  • In November 2023, COLLAR Company launched an innovative line of pet accessories called WAUDOG Recycled Nylon. These products are made from rPET recycled plastic bottles, significantly reducing resource consumption and minimizing CO? emissions during production. Including a new corrosion-resistant titanium metal coating ensures that these pet accessories are exceptionally durable and able to withstand various weather conditions. This eco-friendly approach aligns with growing consumer demand for businesses that adopt environmentally friendly practices, potentially attracting environmentally conscious customer's schools.
  • In September 2020, the "Beaphar BIO shampoo line” was launched by Beaphar. The new shampoo is made from natural ingredients and packaged in recyclable tubes, allowing dog owners to make more eco-friendly decisions that benefit both the dog and the environment.

Luxury Pet Accessories Market Company Profile

  • Pet insurance Solutions, LLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategy Overview
  • ferplast S.p.A
  • countryvet
  • Midwest homes for pets
  • Cargill, Incorporated
  • ADM
  • BASF SE
  • Bluestar Adisseo Co., Ltd.
  • Omega Protein Corporation
  • DuPont
  • Chr. Hansen Holding A/S
  • Roquette Frères.
  • SunOpta
  • Lallemand Inc.
  • Lesaffre
  • Daka Denmark A/S
  • Nutreco N.V.

“*” marked represents similar segmentation in other categories in the respective section.

Luxury Pet Accessories Market Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for Legal Location Strategies
    • Key Questions this Study Will Answer
    • Market Snippet, By Product Type
    • Market Snippet, By Pet Type
    • Market Snippet, By Distribution Channel
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Product Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Pet Toys
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Housing and Bedding
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Transport and Travel Accessories
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Grooming Products
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Collars and Harness
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Pet Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Dog
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Cat
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Horse
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Distribution Channel, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Online
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Offline
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Pet Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Pet Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Pet Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Pet Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Pet Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Pet insurance Solutions, LLC 
  • ferplast S.p.A
  • Countryvet
  • Midwest homes for pets
  • Cargill, Incorporated
  • ADM
  • BASF SE
  • Bluestar Adisseo Co., Ltd.
  • Omega Protein Corporation
  • DuPont
  • Chr. Hansen Holding A/S
  • Roquette Frères.
  • SunOpta
  • Lallemand Inc.
  • Lesaffre
  • Daka Denmark A/S
  • Nutreco N.V.

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Luxury Pet Accessories Market was valued at US$ 28.8 billion in 2024 and is projected to grow at a CAGR of 5.7% to reach US$ 48.5 billion by 2034

The Luxury Pet Accessories Market is segmented based on product type, pet type, distribution channel, and region.

The factors driving the Luxury Pet Accessories Market include increasing pet adoption, Continuous Innovation in Pet Accessories, and pet humanization.

Restraints of the Luxury Pet Accessories Market include high cost and health & safety concern as a market restraining factor.

The target market is segmented by region into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The North American market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating in the target market include Pet Insurance Solutions, LLC, Ferplast S.p.A, Countryvet, Midwest Homes for Pets, Cargill, Incorporated, ADM, BASF SE, Bluestar Adisseo Co., Ltd., Omega Protein Corporation, DuPont, Chr. Hansen Holding A/S, Roquette Frères, SunOpta, Lallemand Inc., Lesaffre, Daka Denmark A/S, and Nutreco N.V.