Value of pet furniture market to exceed $3B
by Katie Pfaff
The market for pet furniture globally has been forecast to grow to a value of $4.5 billion by 2027, according to a report by market research firm, ResearchAndMarkets.com. The market report, which includes the forecast period of 2022 to 2027, estimated the sector’s 2021 value at $3.3 billion. Growth during the period would translate to a CAGR of 5.33%.
Market growth is pinned on the increase in the number of adopted pets in the last few years, particularly over the pandemic. Young pet owners are boosting the market in particular as well as the trend toward treating pets as family members. Increased adoption of pet insurance has also bolstered the market.
The market for pet furniture consists of pet beds, houses, tents, play items, and trees for cats. A wide range of pets are incorporated within the market, including hamsters, fish, rabbits and more common pets like cats and dogs.
Along with trends in spending greater amounts on pets, some owners are seeking aesthetically attractive pet items that add to the look of their home. These include using materials like wicker, faux fur, and high price fabrics. As pets are also welcomed into offices more, items related to pet care in an office space have increased market value. Adding even further to the trend, pet parents also seek environmentally conscious and natural materials.
Comments
Related Articles
Copyright © 2025 - All Rights Reserved
ISSN 2768-198X
List
Add
Please enter a comment